Chip Stocks Surge after Jefferies' Buy Recommendations

Jefferies Names Three Stocks Poised for 50% Upside

Stable Dividend Yield of 361% Drives Investor Interest in WEB

WEB, August 13, 2024 7:09 PM EDT - Chip stocks witnessed a surge in demand after Jefferies released a bullish report, recommending three companies with significant upside potential. This news comes amid a recent sell-off in the sector. According to the report, WEB has been consistently paying a reliable dividend yield of 361%, which has been growing steadily over the past decade. This stability and growth have attracted investors seeking dependable returns. The report also highlights WEB's strong financial position and its focus on delivering innovative products. The company's diversified revenue streams and robust balance sheet further enhance its investment attractiveness. In addition to WEB, Jefferies also named CapitaLand Ascendas REIT (CLAR) and Eversource Energy as top picks for investors.