From Zacks: iShares PHLX Semiconductor ETF (SOXX – Free Report) , the most popular semiconductor ETF, had record outflows of $393 million in the week ended Sep 7. Of this $259 million was pulled out on the day alone, the most since its inception in July 2001.
From Zacks: The once-soaring semiconductor space had hit the wall this year with ETFs returning more-or-less 3% so far (as of Aug 16, 2018). Factors that thwarted growth in the space this year were news of Nvidia‘s (NVDA – Free Report) suspension of self-driving car tests on public roads in March, heightened trade war talks between the United […]
From Zacks: Trade war fears between the United States and its trading partners have been rife since March. Trump’s announcement in early March that the United States will impose a 25% tariff on steel imports and a 10% tariff on aluminum imports first spooked the market.
From Zacks: Turning a deaf ear tothe maxim — “sell in May and go away” — Wall Street held its head high in the month. The proverb is actually ingrained in the S&P 500’s awful historical run for the May-to-October period, but was hardly apt for recent years.
From Joseph Hargett: The market correction in early February set Wall Street on edge. Stocks were clearly overbought and overhyped, and investors rushed for the exits to preserve profits.
From Dana Lyons: The stock of Intel has been a leader in the broad market as well as the semiconductor sector of late; however, it may be facing some chart resistance stemming from past demons.
From Dana Lyons: After setting its all-time high during the dotcom bubble, 18 years later — to the day — the PHLX Semiconductor Index is finally scoring a decisive new all-time high.
From Zacks: Hopes about a bitcoin ETF were downed by the U.S. Securities and Exchange Commission (SEC). A public letter written by Dalia Blass, director at SEC’s Division of Investment Management, in mid Jan stated that there are “significant investor protection issues that need to be examined before sponsors begin offering these funds to retail investors.”
From Zacks: The hottest investment of 2017, bitcoin, hit the brake to start 2018. The cryptocurrency dropped as much as 20% on Jan 17, sliding below $10,000.
From Bryce Coward, CFA: From time to time we illustrate our analysis of highly innovative companies in a Knowledge Leader spotlight. Today we look at Microchip Technology Inc. (MCHP), a highly innovative semiconductor manufacturer that produces programmable microcontroller products used in autos, computing and lighting, among many other applications.
From Zacks: Last week, Nvidia (NVDA – Free Report) reported stronger-than-expected fiscal 2018 third-quarter results.
From Gary Tanashian: With the Semiconductor sector below but hailing its all-time highs, a lot of images come to mind; chief among them the 1999-2000 stock market bubble.
Semiconductor stocks have been on a stellar ride driven by improving overseas demand and innovative technologies.
Global semiconductor sales are forecast to surge to $401.4 billion in 2017, according to the latest data from industry researchers.
From Zacks: The U.S. technology sector is irresistible with the tech-heavy Nasdaq-100 ETF PowerShares QQQ ETF (QQQ – Free Report) having added 18.4% so far this year and gained a stellar 30% plus in the last one year (as of June 9, 2017). This is far better than the S&P 500-based ETF (SPY – Free […]