HomeBusinessConsumer Services Industry & Stock NewsOn Semiconductor: Lower On Earnings, But Not To Be Counted Out

On Semiconductor: Lower On Earnings, But Not To Be Counted Out

ON Semiconductor stock price is down over 20% today after the earnings report was released. The fourth quarter guidance disappointed Wall Street estimates. On Semiconductor is the second power chip maker in the world. Kevin Mahn says that ON is well positioned for an economic slowdown and is set to participate in the A.I. race. Tom White discusses an example cash secured put options trade on ON with a neutral to bullish direction.

Morning Trade Live

30 Oct 2023

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