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Six Best Semiconductor Stocks to Buy Now Appear Undervalued

Six best semiconductor stocks to buy now are trading at discounts compared to slower-growing industrial stocks. S&P 500 semiconductor stocks trade at an average of 19x 2022 price-to-earnings (P/E) estimates, nearly 20% below the S&P 500 Industrial

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Six best semiconductor stocks to buy now are trading at discounts compared to slower-growing industrial stocks.

S&P 500 semiconductor stocks trade at an average of 19x 2022 price-to-earnings (P/E) estimates, nearly 20% below the S&P 500 Industrials, despite free cash flow (FCF) margins 1,500-2,000 basis points (bps) above and 400-500 bp faster sales growth than the industrials, according to a May 11 BoA Global Research note. Semiconductor stocks share attributes with high-quality industrials, with the current relative weakness in semiconductor stocks indicated by the SOX index vs. industrials (XLI) showing market rotation rather than trading based on fundamentals, BoA reported.

The investment firm opined that semiconductor stocks are not expensive, since SPX industrials are trading at 27x 2021 estimated P/E vs. just 21x from semiconductor stocks, despite the latter generating 29% FCF margins or 2.4x that of industrials at 12% FCF. Plus, the impact of the ongoing chip shortage is not limited to semiconductor stocks, since it extends to their industrial and auto customers that are disproportionately impacted in the current cycle, BoA noted.

Six Best Semiconductor Stocks to Buy Now Aided by 5G, Broadband and U.S. Chip Making

Similar to industrial stocks, semiconductor companies benefit from U.S. infrastructure stimulus in 5G, broadband and domestic chip manufacturing. While double-ordering risks exist in semiconductor stocks, they are offset by “solid visibility” that is driven by non-cancellable orders, product customization and broad-based demand, BoA concluded.

Not to be overlooked is the recent upside in gross margins signaling that semiconductor companies are “very effective” in passing along rising input costs to turn inflation into a positive driver for the sector, BoA noted. As a result, the SOX index has benefitted from rising rates historically.

“Over the past five years, chip stocks have been among the best-performing NASDAQ stocks, with the Philadelphia Semiconductor Index (SOXX) up 4X, while the NASDAQ 100 (QQQ) is up 3X,” said Hilary Kramer, who hosts the nationally aired “Millionaire Maker” radio program and heads the GameChangers and Value Authority advisory services.

Valuations of Six Best Semiconductor Stocks to Buy Now Gain Money Manager’s Attention

Value investments had been trouncing growth stocks heading into trading on May 11, with the Russell 3000 Value Index up 19.1% in 2021, compared to a gain of 4.3% for the Russell 3000 Growth Index. Kramer wrote to her Value Authority subscribers on May 11 that she expects value stocks to keep outperforming growth stocks but suggested “a rest” would be overdue and healthy for the market.

The six best semiconductor stocks to buy now are trading at over 20X earnings estimates, suggesting the market growth will last beyond 2022, Kramer commented. But it is interesting to note that even with the recent chip shortage, semiconductor stocks have not performed well since early April.

Overall risk-reward characteristics of the semiconductor stocks is “not great,” but it can be said about the NASDAQ as well, Kramer counseled. End markets and earnings should be healthy if the economy remains firm, she added.

Paul Dykewicz conducts a pre-COVID-19 interview with Hilary Kramer, whose premium advisory services include IPO Edge, 2-Day Trader, Turbo Trader and Inner Circle.

Applied Materials Ranks First Among Six Best Semiconductor Stocks to Buy Now

The top recommendation of BoA among the six semiconductor stocks to buy is Applied Materials, Inc. (NASDAQ: AMAT), a Santa Clara, California-based provider of materials engineering for computer chips and advanced displays. BoA’s price objective of $170 for AMAT is based on 25x 2022 estimated earnings per share (EPS), above the high end of a historical range of 8x-23x, but in line with the 1x-2x historical discount to more profitable peers.

Potential catalysts for AMAT’s share price include longer-than-expected electronics demand that would tighten semiconductor capacity, lift semiconductor equipment sales and boost market share. Downside risks to the price target for AMAT could come from a slower-than-expected capital spending cycle, a delay in memory capacity upgrades, market share loss in key segments, merger & integrations risk and macro-economic headwinds, BoA noted.

Chart courtesy of www.StockCharts.com

AMAT and two other large U.S.-based semiconductor vendors — Lam Research Corporation (NASDAQ:LRCX), a Fremont, California-based provider of wafer fabrication equipment and services to help chipmakers build smaller and faster electronic devices, and KLA Corp. (NASDAQ:KLAC), a semiconductor capital equipment company in Milpitas, California, trade at 20x average forward P/E. That P/E is two turns below the broad market, despite solid multi-year visibility, strong balance sheets and potential double-digit-percentage sales and EPS compound annual growth rate (CAGR) for the next 3-5 years, BoA noted.

Lam Research Ranks Among Six Best Semiconductor Stocks to Buy Now

BoA gave Lam Research a $725 price target, based on 20x cash adjusted 2022E P/E, within the stock’s historical range of 8x-24x and based on LRCX’s 20%-plus EPS growth rate. Amid a multi-year wafer fabrication equipment growth cycle, LRCX is well positioned to benefit, the investment firm wrote.

Potential upside catalysts to LRCX’s price objective are stronger-than-expected electronics demand that would tighten semiconductor capacity, increased semiconductor equipment sales and improved market share. Downside risks are a slower-than-expected capital spending cycle, a delay in memory capacity additions and a market share loss.

Chart courtesy of www.StockCharts.com

Six Best Semiconductor Stocks to Buy Now Include U.S.-based KLA Corp.

KLA Corp. gained a $400 price objective from BoA based on 22x 2022E P/E, within KLAC’s historical range of 10x-26x. The investment firm envisions KLAC as a key enabler of semiconductor manufacturing technology, offering a less cyclical topline, industry leading profit margins and best-in-class shareholder returns.

Risks to BoA’s price objective for KLAC are the cyclical nature of semiconductor capital spending and its impact on earnings, as well as competitive price and market share issues, particularly against Applied Materials. Another vulnerability would occur if trouble arose in bringing new products and technologies to market, BoA cautioned.

Chart courtesy of www.StockCharts.com

Nova Measuring Instruments Gets Berth as One of Six Best Semiconductor Stocks to Buy Now

Nova Measuring Instruments (NASDAQ:NVMI), a Rehovot, Israel-based provider of metrology devices for advanced process control used in semiconductor manufacturing, received a $108 price objective from BoA, based on 34x a 2022 estimated non-GAAP EPS that includes stock compensation and adjustments for net cash. The valuation is within its peer range of 20x-40x and is justified, BoA noted, due to Nova’s superior gross margin profile and its potential to outgrow the market in the next three years.

Downside risks for the stock could include an inability to earn share in new X-Ray metrology market, stiff competition from large rivals such as KLA Corp. and historically cyclical semiconductor capital spending. Nonetheless, BoA lists NVMI among the six best semiconductor stocks.

Chart courtesy of www.StockCharts.com

Six Best Semiconductor Stocks to Buy Now Feature Teradyne

Another of the six best semiconductor stocks to buy now is Teradyne, Inc. (NASDAQ:TER), a North Reading, Massachusetts-based maker of automatic test equipment. BoA’s $155 price objective on TER is based on 25x P/E, applied to a fiscal year 2022 estimated Non-GAAP EPS.

The expected P/E is at the high end of Teradyne’s long-term trading range of 12x-26x, given TER’s recent and unique exposure to 5G/automation, cyclical recovery in auto and industrial markets and market share gains in core semiconductor testing. Downside risks to the investment firm’s price objective are cyclicality and potential loss of market share in the core semiconductor test market, along with increasing competition in the robotics segment, BoA cautioned.

Chart courtesy of www.StockCharts.com

NVDA Gains Place Among Six Best Semiconductor Stocks to Buy Now

A BoA buy recommendation, NVIDIA Corporation (NASDAQ:NVDA), is a Santa Clara, California-based designer of graphics processing units for the gaming and professional markets, as well as chip units for the mobile computing and automotive markets. BoA highlighted trends at top cloud picks and noted NVDA showed solid data center visibility at its recent analyst day, with 2021 forecast to be a strong year with year-to-year growth of about 30%.

In addition, BoA described NVDA as having momentum that could accelerate after its introduction of its Grace-Arm-based server processor in 2023 that will be focused on the Giant AI/HPC portion of the market. NVDA is positioned to take advantage of its scale, data center presence and complementary silicon (GPU and DPU), as well as its software and development ecosystem, BoA added.

Further easing of cloud digestion and positive capital expenditure upside positive for NVDA led BoA to give the stock a $700 price target, based on 44x 2022 estimated P/E, excluding cash, at the higher-end of NVDA’s historical 20x-54x P/E range, showing NVIDIA’s superior long-term growth profile in large, underpenetrated markets, according to BoA.

Risks to achieving BoA’s price objective include NVDA’s exposure to the personal computer market, competition in accelerated computing markets and among auto vendors, “lumpy and unpredictable sales” in new enterprise, data center and auto markets, potential reduced capital returns, possible auto sales slowdown until advance driver-assistance systems (ADAS) become more meaningful and increased operational expenditures.

Chart courtesy of www.StockCharts.com

Semiconductor ETF Appeals to Pension Fund Chairman

“The semiconductor industry is going through major changes that are related more to politics and national security than technology,” said Bob Carlson, chairman of the Board of Trustees of Virginia’s Fairfax County Employees’ Retirement System with more than $4 billion in assets. “Asian companies have dominated the industry for a while. But the United States is concerned about national security, competition with China and supply chain problems. A heavy dependence on Asian semiconductor manufacturers presents the potential for geopolitical tensions to trigger restrictions on semiconductor supply.”

The semiconductor stocks are down from their highs due to these concerns, combined with revenue and earnings declines that are likely to be caused by the global semiconductor shortage, said Carlson, who also leads the Retirement Watch investment newsletter. It is a good time to invest in the stocks, particularly with a diversified portfolio through an exchange-traded fund (ETF), such as his choice of Invesco Dynamic Semiconductors ETF (NYSE Arca:PSI).

Chart courtesy of www.StockCharts.com

The top holdings in PSI recently were Applied Materials (AMAT), Lam Research Corporation (LRCX), Texas Instruments (TXN), Analog Devices (ADI) and Qualcomm (QCOM), Carlson said. 

Pension fund and Retirement Watch leader Bob Carlson answers questions from Paul Dykewicz prior to COVID-19-related social distancing.

Six Semiconductor Stocks to Buy Now Dodge Worst of COVID-19 Crisis

COVID-19 vaccination progress in recent weeks offers optimism that new cases and deaths due to the virus will keep slowing. Additional hope comes from the Food and Drug Administration (FDA) allowing a third COVID-19 vaccine to be put in to use.

Worldwide, COVID-19 cases have jumped to 159,697,341, with deaths of 3,317,685, as of May 12, according to Johns Hopkins University. Also on that date, U.S. COVID-19 cases have totaled 32,778,621 and led to 582,845 deaths. America has the dreaded distinction as the country with the most COVID-19 cases and deaths.

The six best semiconductor stocks to buy now provide investors with ways to pursue profits from a $1.9 trillion federal stimulus package, increased COVID-19 vaccine availability and an ongoing economic reopening. Those catalysts seem destined to build momentum for the six semiconductor stocks to buy now.

Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce, Seeking Alpha, GuruFocus and other publications and websites. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The book is great as a gift and is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others.

The post Six Best Semiconductor Stocks to Buy Now Appear Undervalued appeared first on Stock Investor.

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International

This is the biggest money mistake you’re making during travel

A retail expert talks of some common money mistakes travelers make on their trips.

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1 hour ago

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March 11, 2024

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Travel is expensive. Despite the explosion of travel demand in the two years since the world opened up from the pandemic, survey after survey shows that financial reasons are the biggest factor keeping some from taking their desired trips.

Airfare, accommodation as well as food and entertainment during the trip have all outpaced inflation over the last four years.

Related: This is why we're still spending an insane amount of money on travel

But while there are multiple tricks and “travel hacks” for finding cheaper plane tickets and accommodation, the biggest financial mistake that leads to blown travel budgets is much smaller and more insidious.

A traveler watches a plane takeoff at an airport gate.

Jeshoots on Unsplash

This is what you should (and shouldn’t) spend your money on while abroad

“When it comes to traveling, it's hard to resist buying items so you can have a piece of that memory at home,” Kristen Gall, a retail expert who heads the financial planning section at points-back platform Rakuten, told Travel + Leisure in an interview. “However, it's important to remember that you don't need every souvenir that catches your eye.”

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According to Gall, souvenirs not only have a tendency to add up in price but also weight which can in turn require one to pay for extra weight or even another suitcase at the airport — over the last two months, airlines like Delta  (DAL) , American Airlines  (AAL)  and JetBlue Airways  (JBLU)  have all followed each other in increasing baggage prices to in some cases as much as $60 for a first bag and $100 for a second one.

While such extras may not seem like a lot compared to the thousands one might have spent on the hotel and ticket, they all have what is sometimes known as a “coffee” or “takeout effect” in which small expenses can lead one to overspend by a large amount.

‘Save up for one special thing rather than a bunch of trinkets…’

“When traveling abroad, I recommend only purchasing items that you can't get back at home, or that are small enough to not impact your luggage weight,” Gall said. “If you’re set on bringing home a souvenir, save up for one special thing, rather than wasting your money on a bunch of trinkets you may not think twice about once you return home.”

Along with the immediate costs, there is also the risk of purchasing things that go to waste when returning home from an international vacation. Alcohol is subject to airlines’ liquid rules while certain types of foods, particularly meat and other animal products, can be confiscated by customs. 

While one incident of losing an expensive bottle of liquor or cheese brought back from a country like France will often make travelers forever careful, those who travel internationally less frequently will often be unaware of specific rules and be forced to part with something they spent money on at the airport.

“It's important to keep in mind that you're going to have to travel back with everything you purchased,” Gall continued. “[…] Be careful when buying food or wine, as it may not make it through customs. Foods like chocolate are typically fine, but items like meat and produce are likely prohibited to come back into the country.

Related: Veteran fund manager picks favorite stocks for 2024

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Spread & Containment

As the pandemic turns four, here’s what we need to do for a healthier future

On the fourth anniversary of the pandemic, a public health researcher offers four principles for a healthier future.

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March 11, 2024

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John Gomez/Shutterstock

Anniversaries are usually festive occasions, marked by celebration and joy. But there’ll be no popping of corks for this one.

March 11 2024 marks four years since the World Health Organization (WHO) declared COVID-19 a pandemic.

Although no longer officially a public health emergency of international concern, the pandemic is still with us, and the virus is still causing serious harm.

Here are three priorities – three Cs – for a healthier future.

Clear guidance

Over the past four years, one of the biggest challenges people faced when trying to follow COVID rules was understanding them.

From a behavioural science perspective, one of the major themes of the last four years has been whether guidance was clear enough or whether people were receiving too many different and confusing messages – something colleagues and I called “alert fatigue”.

With colleagues, I conducted an evidence review of communication during COVID and found that the lack of clarity, as well as a lack of trust in those setting rules, were key barriers to adherence to measures like social distancing.

In future, whether it’s another COVID wave, or another virus or public health emergency, clear communication by trustworthy messengers is going to be key.

Combat complacency

As Maria van Kerkove, COVID technical lead for WHO, puts it there is no acceptable level of death from COVID. COVID complacency is setting in as we have moved out of the emergency phase of the pandemic. But is still much work to be done.

First, we still need to understand this virus better. Four years is not a long time to understand the longer-term effects of COVID. For example, evidence on how the virus affects the brain and cognitive functioning is in its infancy.

The extent, severity and possible treatment of long COVID is another priority that must not be forgotten – not least because it is still causing a lot of long-term sickness and absence.

Culture change

During the pandemic’s first few years, there was a question over how many of our new habits, from elbow bumping (remember that?) to remote working, were here to stay.

Turns out old habits die hard – and in most cases that’s not a bad thing – after all handshaking and hugging can be good for our health.

But there is some pandemic behaviour we could have kept, under certain conditions. I’m pretty sure most people don’t wear masks when they have respiratory symptoms, even though some health authorities, such as the NHS, recommend it.

Masks could still be thought of like umbrellas: we keep one handy for when we need it, for example, when visiting vulnerable people, especially during times when there’s a spike in COVID.

If masks hadn’t been so politicised as a symbol of conformity and oppression so early in the pandemic, then we might arguably have seen people in more countries adopting the behaviour in parts of east Asia, where people continue to wear masks or face coverings when they are sick to avoid spreading it to others.

Although the pandemic led to the growth of remote or hybrid working, presenteeism – going to work when sick – is still a major issue.

Encouraging parents to send children to school when they are unwell is unlikely to help public health, or attendance for that matter. For instance, although one child might recover quickly from a given virus, other children who might catch it from them might be ill for days.

Similarly, a culture of presenteeism that pressures workers to come in when ill is likely to backfire later on, helping infectious disease spread in workplaces.

At the most fundamental level, we need to do more to create a culture of equality. Some groups, especially the most economically deprived, fared much worse than others during the pandemic. Health inequalities have widened as a result. With ongoing pandemic impacts, for example, long COVID rates, also disproportionately affecting those from disadvantaged groups, health inequalities are likely to persist without significant action to address them.

Vaccine inequity is still a problem globally. At a national level, in some wealthier countries like the UK, those from more deprived backgrounds are going to be less able to afford private vaccines.

We may be out of the emergency phase of COVID, but the pandemic is not yet over. As we reflect on the past four years, working to provide clearer public health communication, avoiding COVID complacency and reducing health inequalities are all things that can help prepare for any future waves or, indeed, pandemics.

Simon Nicholas Williams has received funding from Senedd Cymru, Public Health Wales and the Wales Covid Evidence Centre for research on COVID-19, and has consulted for the World Health Organization. However, this article reflects the views of the author only, in his academic capacity at Swansea University, and no funding or organizational bodies were involved in the writing or content of this article.

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The Grinch Who Stole Freedom

The Grinch Who Stole Freedom

Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours),

Before President Joe Biden’s State of the…

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March 11, 2024

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The Grinch Who Stole Freedom

Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours),

Before President Joe Biden’s State of the Union address, the pundit class was predicting that he would deliver a message of unity and calm, if only to attract undecided voters to his side.

President Joe Biden delivers the State of the Union address in the House Chamber of the U.S. Capitol in Washington, D.C., on March 7, 2024. (Mandel Ngan/AFP/Getty Images)

He did the opposite. The speech revealed a loud, cranky, angry, bitter side of the man that people don’t usually see. It seemed like the real Joe Biden I remember from the old days, full of venom, sarcasm, disdain, threats, and extreme partisanship.

The base might have loved it except that he made reference to an “illegal” alien, which is apparently a trigger word for the left. He failed their purity test.

The speech was stunning in its bile and bitterness. It’s beyond belief that he began with a pitch for more funds for the Ukraine war, which has killed 10,000 civilians and some 200,000 troops on both sides. It’s a bloody mess that could have been resolved early on but for U.S. tax funding of the conflict.

Despite the push from the higher ends of conservative commentary, average Republicans have turned hard against this war. The United States is in a fiscal crisis and every manner of domestic crisis, and the U.S. president opens his speech with a pitch to protect the border in Ukraine? It was completely bizarre, and lent some weight to the darkest conspiracies about why the Biden administration cares so much about this issue.

From there, he pivoted to wildly overblown rhetoric about the most hysterically exaggerated event of our times: the legendary Jan. 6 protests on Capitol Hill. Arrests for daring to protest the government on that day are growing.

The media and the Biden administration continue to describe it as the worst crisis since the War of the Roses, or something. It’s all a wild stretch, but it set the tone of the whole speech, complete with unrelenting attacks on former President Donald Trump. He would use the speech not to unite or make a pitch that he is president of the entire country but rather intensify his fundamental attack on everything America is supposed to be.

Hard to isolate the most alarming part, but one aspect really stood out to me. He glared directly at the Supreme Court Justices sitting there and threatened them with political power. He said that they were awful for getting rid of nationwide abortion rights and returning the issue to the states where it belongs, very obviously. But President Biden whipped up his base to exact some kind of retribution against the court.

Looking this up, we have a few historical examples of presidents criticizing the court but none to their faces in a State of the Union address. This comes two weeks after President Biden directly bragged about defying the Supreme Court over the issue of student loan forgiveness. The court said he could not do this on his own, but President Biden did it anyway.

Here we have an issue of civic decorum that you cannot legislate or legally codify. Essentially, under the U.S. system, the president has to agree to defer to the highest court in its rulings even if he doesn’t like them. President Biden is now aggressively defying the court and adding direct threats on top of that. In other words, this president is plunging us straight into lawlessness and dictatorship.

In the background here, you must understand, is the most important free speech case in U.S. history. The Supreme Court on March 18 will hear arguments over an injunction against President Biden’s administrative agencies as issued by the Fifth Circuit. The injunction would forbid government agencies from imposing themselves on media and social media companies to curate content and censor contrary opinions, either directly or indirectly through so-called “switchboarding.”

A ruling for the plaintiffs in the case would force the dismantling of a growing and massive industry that has come to be called the censorship-industrial complex. It involves dozens or even more than 100 government agencies, including quasi-intelligence agencies such as the Cybersecurity and Infrastructure Security Agency (CISA), which was set up only in 2018 but managed information flow, labor force designations, and absentee voting during the COVID-19 response.

A good ruling here will protect free speech or at least intend to. But, of course, the Biden administration could directly defy it. That seems to be where this administration is headed. It’s extremely dangerous.

A ruling for the defense and against the injunction would be a catastrophe. It would invite every government agency to exercise direct control over all media and social media in the country, effectively abolishing the First Amendment.

Close watchers of the court have no clear idea of how this will turn out. But watching President Biden glare at court members at the address, one does wonder. Did they sense the threats he was making against them? Will they stand up for the independence of the judicial branch?

Maybe his intimidation tactics will end up backfiring. After all, does the Supreme Court really think it is wise to license this administration with the power to control all information flows in the United States?

The deeper issue here is a pressing battle that is roiling American life today. It concerns the future and power of the administrative state versus the elected one. The Constitution contains no reference to a fourth branch of government, but that is what has been allowed to form and entrench itself, in complete violation of the Founders’ intentions. Only the Supreme Court can stop it, if they are brave enough to take it on.

If you haven’t figured it out yet, and surely you have, President Biden is nothing but a marionette of deep-state interests. He is there to pretend to be the people’s representative, but everything that he does is about entrenching the fourth branch of government, the permanent bureaucracy that goes on its merry way without any real civilian oversight.

We know this for a fact by virtue of one of his first acts as president, to repeal an executive order by President Trump that would have reclassified some (or many) federal employees as directly under the control of the elected president rather than have independent power. The elites in Washington absolutely panicked about President Trump’s executive order. They plotted to make sure that he didn’t get a second term, and quickly scratched that brilliant act by President Trump from the historical record.

This epic battle is the subtext behind nearly everything taking place in Washington today.

Aside from the vicious moment of directly attacking the Supreme Court, President Biden set himself up as some kind of economic central planner, promising to abolish hidden fees and bags of chips that weren’t full enough, as if he has the power to do this, which he does not. He was up there just muttering gibberish. If he is serious, he believes that the U.S. president has the power to dictate the prices of every candy bar and hotel room in the United States—an absolutely terrifying exercise of power that compares only to Stalin and Mao. And yet there he was promising to do just that.

Aside from demonizing the opposition, wildly exaggerating about Jan. 6, whipping up war frenzy, swearing to end climate change, which will make the “green energy” industry rich, threatening more taxes on business enterprise, promising to cure cancer (again!), and parading as the master of candy bar prices, what else did he do? Well, he took credit for the supposedly growing economy even as a vast number of Americans are deeply suffering from his awful policies.

It’s hard to imagine that this speech could be considered a success. The optics alone made him look like the Grinch who stole freedom, except the Grinch was far more articulate and clever. He’s a mean one, Mr. Biden.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Mon, 03/11/2024 - 12:00

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