Stocks Slip As Strong November Retail Sales Raise Concerns Over 2025 Fed Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
0mins
Should l Buy ON?
Source: Benzinga
Market Reaction to Retail Sales Data: Wall Street opened lower as strong retail sales data raised concerns about the Federal Reserve potentially delaying interest rate cuts, with major indices like the S&P 500 and Nasdaq experiencing declines.
Investor Sentiment and Fed Outlook: The robust retail sales figures, alongside other economic indicators, have led to uncertainty regarding the Fed's future rate decisions, with expectations for fewer rate cuts next year than previously anticipated.
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Analyst Views on ON
Wall Street analysts forecast ON stock price to fall
19 Analyst Rating
9 Buy
10 Hold
0 Sell
Moderate Buy
Current: 85.560
Low
50.00
Averages
61.25
High
80.00
Current: 85.560
Low
50.00
Averages
61.25
High
80.00
About ON
ON Semiconductor Corporation is engaged in providing intelligent power and intelligent sensing solutions. The Company’s intelligent power technologies enable the electrification of drivetrain in the automotive industry to allow for lighter and longer-range electric vehicles. Its segments include Power Solutions Group (PSG), the Analog and Mixed-Signal Group (AMG) and the Intelligent Sensing Group (ISG). PSG segment provides a portfolio of discrete, module, and integrated semiconductor devices designed to enable conversion across artificial intelligence (AI) data centers, energy infrastructure, automotive and industrial. AMG segment designs and develops a range of analog and mixed-signal solutions including power‑management, sensor‑interface, connectivity, and products that serve automotive, industrial automation, AI data center, computing, and mobile end markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Improved Capital Expenditure Outlook: The cooling of energy-driven inflation provides a more favorable backdrop for the massive capital expenditures required to build new fabrication plants, and as the geopolitical discount evaporates, the attractiveness of investments in chipmakers significantly increases.
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