Jim Cramer: United Microelectronics Is A ‘Tough’ One, Pass On This Industrial Stock
Cramer says no to UMC, calls Avnet a good stock. Recommends avoiding Archer Aviation and highlights its recent sales and acquisitions.
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United Microelectronics (NYSE:UMC) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.15 by 260 percent. This is a 350 percent increase over earnings of $0.12 per share from
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Cramer says no to UMC, calls Avnet a good stock. Recommends avoiding Archer Aviation and highlights its recent sales and acquisitions.
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Read original at benzinga