You don't need a crystal ball to know semiconductor stocks will continue to be in focus in 2022 amid the ongoing chip shortage.
In a crowded field that includes Nvidia (NVDA) , Applied Materials (AMAT) , Advanced Micro Devices (AMD) and more, Chris Versace, co-portfolio manager of Action Alerts PLUS, said Skyworks Solutions (SWKS) is the name to watch in the new year during the December members-only Action Alerts PLUS call.
As of intraday trading Monday, Skyworks, an Action Alerts PLUS holding, was up 1.22% to $151.24.
KATHERINE ROSS: OK. It is now time, as I've kind of teased through some of my questions, to look into our crystal balls into 2022. Chris, what sectors do you guys want exposure to in the long run? And what is a must own stock?
CHRIS VERSACE: So to be clear, sectors that we have already, or sectors we don't have exposure to?
KATHERINE ROSS: Either, or.
CHRIS VERSACE: Oh. Look, I've said this before, chips or the fabric of our lives. It's only going to happen more so. So I think some of the names that we have, whether it's a Skyworks, a Marvell, and an Nvidia, those are all great names. Again, the rising demand, I'd like for applied as well. So I'm very comfortable with those names. And I think that they're going to be great. If I had to pick one name....
KATHERINE ROSS: I believe in you can do it.
CHRIS VERSACE: I'll tell you what. Mark this down. We will revisit this in exactly 12 months, Katherine. I'm going to go Skyworks.
To hear more on Skyworks and all of the stocks in the Action Alerts PLUS portfolio, head to AAP today.