|Bid||69.50 x 1000|
|Ask||69.52 x 1100|
|Day's Range||68.97 - 69.49|
|52 Week Range||67.86 - 83.52|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.70%|
Semiconductor ETFs (SMH) continued to outperform the market despite the US-China trade war. According to the SIA (Semiconductor Industry Association), the first half of 2018 was strong for the semiconductor industry. Worldwide semiconductor sales rose over 20% YoY (year-over-year) in H1 2018 despite the fact that the industry reported record sales of $412 billion in H1 2017.
Investors should keep a close eye on the ETFs that are especially volatile this week with key events like Fed and ECB meeting as well as US-North Korea summit.
Wall Street analysts have expressed mixed views of Advanced Micro Devices (AMD) and NVIDIA (NVDA) and have given consensus “hold” recommendations for both stocks. AMD has a consensus price target of $13.0 and is currently trading at $12.4, while NVIDIA has a price target of $234 and is trading above $236.0.
Expectations for a lower level of volatility in the last week of summer were shattered as North Korea fired another missile on Tuesday morning.