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obama provides more tailwinds for led lighting manufacturers

by:Demo     2020-08-23
The two companies recommended by Jon Najarian that are optimistic about the future of LED lighting are Philips Electronics (NYSE:PHG)and Cree, Inc. (NASDAQ:CREE).
To show that the market is catching up --
Both PHG and CREE have recently broken the 50-day moving average.
If you tend to support American companies, Kerry is based in North Carolina and Philips is based in Amsterdam.
A recent press release from Cree highlights an upcoming project that will install 4,200 LED LED Light module fixtures in the part of the Pentagon being renovated.
When making a choice between the two companies, I had to be inclined to invest in Kerry because they would soon have a Pentagon project.
Thanks to the new government\'s upcoming stimulus plan, more federal government buildings, possibly thousands more, seem to be a realistic new market for Kerry.
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