From Zacks: Semiconductors have been shining and are leading the broader technology sector thanks to improving overseas demand and innovative technologies.
From Zacks: The Q1 earnings season is in its last leg with 412 S&P 500 members or 82.4% of the index’s total membership having already reported their quarterly results, as of May 5, according to the latest Zacks Earnings Preview report.
From Zacks: Semiconductor stocks were the star performers of the broader technology space in 2016 thanks to upbeat earnings, consolidation activities and innovative technologies.
Researchers at Gartner, Inc. recently released a bullish forecast for 2017 semiconductor sales, which bodes well for the individual companies as well as the index funds in the industry.
From Taki Tsaklanos: Semiconductors have been real outperformers last year. By far the strongest performer in the semiconductor space was NVIDIA as well as AMD.
With valuations soaring to historical records, the semiconductor industry is making some investors nervous — but its rally could still actually only be in the early innings.
Semiconductor stocks and ETFs are in focus today, after motherboard vendors reported a big drop in shipments for the first quarter.
From Taki Tsaklanos: The semiconductor sector is one of the few outperformers since last summer. The breakout that took place last September was visibly in the making for a longer period of time, as seen on the chart, so smart investors saw that coming.
From Brad Hoppmann: Over the past couple of years, FANG stocks — Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google (GOOGL) (now Alphabet) — were portfolio managers’ go-to names for so-called “rental longs.”
From Zacks: Intel (INTC – Free Report) , the world’s largest chipmaker, reported stronger-than-expected Q4 results after the market closed yesterday. The company surpassed our estimates for both revenues and earnings, and provided an upbeat outlook (read: Will Semiconductor ETFs Surprise Again in Q4 Earnings?).
The Semiconductor Industry Association reported that third quarter global semiconductor sales rose 11.5% from the prior period to the highest quarterly sales total in history.
From Zacks: The semiconductor space is in a great shape lately on decent earnings, consolidation activities and emerging technologies that took an upper hand over the still-subdued PC shipments.
From Gary Tanashian: We have been using the Semis as a one of several economic signposts, and as an investment/trading destination since the Semi Equipment ‘bookings’ category in the Book-to-Bill ratio began to ramp up several months ago.
There are three areas of the market bucking the early selling we have seen today. Particular investor interest thus far in the three areas of the market that continue to outperform: energy, semiconductors, and defense contractor-related companies.
Shares of semiconductor ETFs rose late Monday, following news of the blockbuster $32 billion acquisition of chipmaker ARM Holdings (NYSE:ARMH) by Japan’s SoftBank.