White House convening summit with top executives on chip shortage


2 “Strong Buy” Penny Stocks That Could See 100% Gains (Or More)

In a recent review of the market’s current conditions, JPMorgan strategist Eduardo Lecubarri recaps his view that 2021 will see modest gains across stocks generally – but outperformance among the small/mid-cap sector. Lecubarri believes that investors can find opportunities for big upside among stocks in that class. Driving the general stocks gains, Lecubarri points to recent manufacturing PMI prints, which are at 15-year high levels, and the falling unemployment numbers – both data points indicate a firm foundation for economic recovery. With consumer confidence also rising, and relatively high savings, he sees a tailwind for the small/mid-cap as the year unfolds. A general trend of rising small-cap stocks should naturally impel analysts and investors to look at the ‘pennies,’ stocks that are priced below $5 per share. While not a sure indicator, low share price usually goes

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Everything You Need to Know About the Great Semiconductor Shortage


Image: Feature China/Barcroft Media via Getty Images

Ice storms, factory fires, maritime disasters and earthquakes—over the last few weeks the semiconductor industry has been hit with a near-Biblical series of disasters, causing widespread product delays and worsening geopolitical tensions between the US and China. 

The semiconductor shortage has caused shift cuts at a Ford auto plant in Kansas and a General Motors plant in Brazil, has boosted an eBay scalpers market on the PlayStation 5 and high-end graphics cards, and has forced Samsung to cancel the latest version of the Galaxy Note phone. 

“We’re waiting for the locusts story to break,” jokes Phil Amsrud, a semiconductor industry analyst with the research firm IHS Markit, who recently co-authored a report on how the shortage was affecting the automotive industry. 

Collapses along the semiconductor supply chain and a sudden surge in demand for retail goods are also fueling anxieties

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NIO Shuts Plant Because of Chip Shortage. It’s the Latest to Do So.

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NIO is halting production at a plant in China’s Hefei for five days.

Sean Gallup/Getty Images

The Chinese electric vehicle maker


is getting hit by the microchip shortage that is roiling the entire automotive industry. The company said Friday it was curtailing production because it just doesn’t have the parts.

The news is hitting the shares. NIO (ticker: NIO) stock is down 5% in early trading. The

S&P 500


Dow Jones Industrial Average,

for comparison, were both up about 0.4%.

NIO is temporarily suspending vehicle production at its JAC-NIO manufacturing plant in Hefei for five working days starting from Monday. JAC is NIO’s contract manufacturing partner.


General Motors

(GM) and

Ford Motor

(F) have unexpectedly halted plants because of the same issue.

The parts shortage creates an interesting situation for investors. NIO, and other EV makers, are valued like growth stocks, and the chip

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Foam shortage affecting furniture, automotive industries | Business

TUPELO • A shortage of the chemicals used to make foam has caused a ripple effect across the furniture industry, but it isn’t alone in trying to deal with the growing problem.

The automotive industry also is affected, as foam is used for the seating inside vehicles.

The foam shortage in the furniture industry has been an issue since the fall but has been exacerbated by the recent deep freeze in Texas and Louisiana, where most of the chemicals are produced for foam.

“We’re working four days per week to try to deal with the shortage,” said Jim Sneed, CEO of Affordable Furniture in Randolph. The 300-employee plant, like so many others, can’t build furniture if it can’t get foam.

Other companies are taking entire weeks off work, or working every other week, adjusting schedules along the way to deal with the shortage.

“We started seeing shortages in November or

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