How Schwab Network’s view on $STM changed

Channel profile →This channel has 14 credited speakers: BFA and JP Morgan, Bank of America, Berenberg, Bird (analyst firm), CEO, Citigroup, Citizens, JP Morgan Chase, Jefferies, Morgan Stanley, Oppenheimer, Truist, UBS, Wall Street Journal1 entry
2026-09-29Bullish
“The Big 3: IONQ, AKAM, STM”
STM has broken above key technical resistance (50-day MA) and is poised for a potential move to $59; the speaker views the current setup favorably.

Your last question, Mike, to be honest, I haven't talked much about STM stock, STMicroelectronics. So, explain to me what you think about STM.

Yes, as you know, this arrow has appeared in my survey programs over the past few days. To be honest, I'm not fully familiar with it or trade in it much, but I'm very impressed with the current situation.

We have reached a resistance level at the 50-day moving average. I use simple moving averages on my long-term charts. We have surpassed that level, and we are now maintaining it.

So, I am now looking for that secondary movement. Above 53.55, and I think we've already surpassed it this morning. We backed away from it, so we still have a chance to reach it.

If we break through this level, we will target an execution price of 59. Okay, October. The execution price of 59 for October is shown here for the STM buy option in this column chart.