Cree's Stock Will Light Up Again
In the last few weeks, I've started to selectively use market volatility to initiate positions and average down my cost basis where possible. Make no mistake, I'm not buying to buy but rather investing in companies that are thematically positioned to benefit over the long term at favorable if not compelling risk-to-reward profiles.
In my view, such an opportunity now exists in light-emitting diode (LED) manufacturer Cree (CREE). LEDs -- semiconductor chips that emit light and offer savings compared with other forms of lighting, such as incandescent and compact fluorescent lights (CFL) bulbs -- are not new. But the number of applications has exploded as their brightness has increased while the cost has dropped significantly in recent years. Several years ago, LED demand exploded amid the advent of color screens in mobile phones and smartphones as well as indicator lights in cars and trucks, not to mention architectural lighting. ...519 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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