Texas Instruments' weak revenue guidance hurt semiconductor ETFs lately. But, rebounding smartphone sales, greater spending on technology, holiday deals and likely U.S.-China trade truce bode well.
This semiconductor ETF (FTXL) has hit a 52-week high. Are more gains in store?
Impressive results of the chipmakers have pushed semiconductor ETFs higher over the past month.
Here is a look at the 25 best and 25 worst ETFs from the past trading month. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
The fourth quarter brings strong gains for Wall Street buoyed by easing U.S.-China trade worries, stronger-than-expected corporate earnings and Fed's third rate cut.
Inside the ETF events that ruled the broader market in the third quarter.
Semiconductor ETFs slumped Friday as the Trump administration stepped up its fight with China's Huawei Technologies. The largest such fund, the iShares PHLX Semiconductor ETF , was down 3.2% midday and on track for its biggest weekly loss since the week ending March 20, amid the worst of the pandemic market panic. The First Trust Nasdaq Semiconductor ETF was down 2.9%. A leveraged product, the Proshares Ultra Semiconductor fund, slid nearly 7%. As the pandemic hastens the global economy's reliance on technology, semiconductors are likely to be in heavy demand, but the ongoing trade skirmishes between the U.S. and China are drawing in companies other than Huawei, such as Taiwan Semiconductor. The company is in the top ten holdings for SOXX, but not FTXL.
Semiconductor exchange-traded funds jumped Tuesday on the back of a 6% rise for shares of Skyworks Solutions Inc . The company reported earnings that missed analyst expectations after the market closed Monday, but the stock rallied Tuesday, along with competitors like Qualcomm . The First Trust Nasdaq Semiconductor ETF , which has the most exposure to Skyworks, according to FactSet, was up 5.2% at midday. The Invesco Dynamic Semiconductors ETF rose 3.5%, and the SPDR S&P Semiconductor ETF gained 3.3%. The Invesco ETF has done best in the year to date, losing about 6.4%.
The technology sector has been the best-performing sector of 2019 and is heading toward having its best year in a decade driven by chipmakers.
October has been kind to the U.S. stock market thanks to U.S.-China trade progress, better-than-expected corporate earnings and a third Fed rate cut.
Intel smashed estimates on both earnings and revenues and offered an upbeat guidance.
Semiconductor ETFs look well positioned for a rally. Investors can play these ETFs.
These sector ETFs breezed past the broader market last week.
As most companies in this space have seen no negative earnings estimate revisions, semiconductor ETFs might continue to see smooth trading in the weeks ahead.
These ETF areas crushed the S&P 500 in 2019.
These smart-beta ETFs beat the broader market with ease in 2019.
The Zacks Analyst Blog Highlights: SEA, SBIO, WOOD, CRAK and FTXL
Despite occasional trade tensions, U.S. equity gauges have added solid gains this year. But these sector ETFs handily beat the soaring broader market.
As most companies in this space have seen no negative earnings estimate revisions and have a favorable Zacks Rank, semiconductor ETFs might continue to see smooth trading in the weeks ahead.
Despite occasional trade tensions, U.S. equity gauges have added solid gains this year. But these sector ETFs handily beat the soaring broader market.