Magnificent Seven tech stocks have stolen the show this earnings season, but various other tech stocks are making waves. On the latest installment of Good Buy or Goodbye, Yahoo Finance’s Julie Hyman is joined by Barron's Markets Reporter Jacob Sonenshine to weigh in on several stocks that have caught his attention.
Chipmaker ON Semiconductor (ON) is Sonenshine's Good Buy for three reasons: cyclical recovery in the auto industry, EV chip cycles, and gross margin expansion. Sonenshine believes that the company has “a lot of cash" for stock buybacks, but notes risks present in recoveries to auto production and chip demands.
Financial payment platform PayPal (PYPL) is Sonenshine's Goodbye over its market share losses, declining profits, and lack of innovation seen in its products.
Catch more of Good Buy or Goodbye here, or watch this full episode of Yahoo Finance Live.
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