Why ON Semiconductor Corp. (ON) Outpaced the Stock Market Today

In the latest trading session, ON Semiconductor Corp. (ON) closed at $64.51, marking a +0.94% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.55%. At the same time, the Dow lost 0.06%, and the tech-heavy Nasdaq gained 1.24%.The investment community will be paying close attention to the earnings performance of ON Semiconductor Corp. in its upcoming release. The company is predicted to post an EPS of $0.99, indicating a 20.8% decline compared to the equivalen ...