2 Stocks Near Oversold Territory; Analysts Say ‘Buy’

Benzinga

BofA Coins New FANG Equivalent For Semiconductor Stocks, ‘MANGO’

BofA analyst Vivek Arya’s recent discussions with investors about the U.S. Semiconductors sector have “overwhelmingly” been focused more on cycle worries such as peaking demand and rising Capex than company fundamentals. Arya coined a FANG equivalent, “MANGO,” or Marvell Technology Inc (NASDAQ: MRVL), Broadcom Inc (NASDAQ: AVGO), Advanced Micro Devices Inc (NASDAQ: AMD), Analog Devices Inc (NASDAQ: ADI), NVIDIA Corp (NASDAQ: NVDA), GLOBALFOUNDRIES Inc (NASDAQ: GFS) and ON Semiconductor Corp (NAS