10 Stocks To Trade Without Tariffs And Interest Rate Fears

8. ON Semiconductor Corporation (NASDAQ:ON) 

ON Semiconductor Corporation is an intelligent sensing and power solutions provider. It operates in the Intelligent Sensing Group, Power Solutions Group, and Analog and Mixed-Signal Group segments.

The company’s stock has lost almost half its value in a year but the turnaround may be disconnected from the broader market or the economy. According to Wells Fargo, the company is setting itself up for a strategic acquisition of Allegro Microsystems.

“We believe the strategic rationale behind the deal makes sense from a product portfolio perspective / diversification for ON as it would become the market leader in magnetic sensing and add to its power semi business enabling better competition with larger peers.”

The analysts were quick to point out though that the core business still has weaknesses and that’s something investors should account for before they invest based on an acquisition trigger. The acquisition itself could bring volatility to the stock, as the Japanese owner Sanken, which has a 32.5% stake in the company, still hasn’t given its stance on the acquisition.

Allegro itself is currently going through a leadership change and things could look different once the new management comes in. This uncertainty could induce volatility and if it goes ahead, the stock could skyrocket.