NXPI

Outperforming without a clear catalyst yet

• NXPI +3.36% on the last session vs SPY −0.08%: +3.4 pts of stock-specific move.
• Against the group: its semiconductors peers -1.6% (-1.5 pts vs SPY).
• Aftermath, big gain (+3.4% today so far, past its big-gain line of +2.8%): After its 54 big gains in the past 5 years, NXPI was higher a day later 20 times out of 54; half the outcomes fell between -2.2% and +0.7%. History, not a forecast.
• 2 analyst actions in the past 10 days (0 positive, 2 negative); latest: Citigroup downgraded to Neutral, lowered target $370 → $260.
• 1 insider or congressional trade in the past 30 days.
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
• Activity: volume on pace for 1.8× its 20-day average.