10 Stocks Stand Strong Amid Cautious Market Environment

8. STMicroelectronics N.V. (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) saw its share prices rise by 8.44 percent on Wednesday to close at $26.47 apiece as investor sentiment was buoyed by its upgraded rating from an investment bank.

On Wednesday, STM received a “buy” rating from Jefferies, an upgrade from the “hold” rating previously. It also earned a 47-percent higher price target of €34 versus the €23 set previously.

According to Jefferies, the improved rating was based on several key expectations, including a normalization of operations following inventory correction and increased components in the upcoming iPhone 17, coupled with a rebound in industrial demand.

Other growth drivers for STM include Artificial Intelligence solutions, low-Earth orbit satellites, silicon photonics, and auto microcontroller units (MCU).