Picked up some shares yesterday. I usually stay away from things I don't understand, but my grandson insisted that I buy. He said that NXP will explode if the digital wallet comes to be. I noticed that the projected earnings this year are considerably higher than last year's. The PE appears to be very low. Any comments on projected earnings and forward PE?
digital wallet is just a piece of the nxp growth story. check out their auto & infrastructure in addition to ID and payments. They are in mobile too, not just with NFC. Still plenty of room to run here! You will make money; tech analysis is very bullish and has been for months despite frequent consolidation periods (profit taking). I don't plan on selling any trading shares until mid-$30s. My long shares I will hold much longer. NXPI is a high beta stock so I would recommend you don't buy all at once. Buy the dips. If you find yourself in the red for a bit, just buy more. Also as I'm sure you know.... but just for my own concience... make sure you diversify! Since you have grandkids I'm assuming you are too far along not too.
I'm retired a long time now and I planned. How about the PE? Looks like this years earnings are projected to be around 2.53 and next years 3.35. If earnings do come in as projected, this stock could be an easy double in short order. Am I wrong?