|Bid||0.00 x 1000|
|Ask||0.00 x 1400|
|Day's Range||92.49 - 96.24|
|52 Week Range||86.95 - 114.55|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.28|
|Expense Ratio (net)||0.35%|
"I don't think that we'll see a recovery before the end of 2018," according to tech investor Paul Meeks.
The once red-hot semiconductor industry has been hit hard in 2018 amid broader market uncertainty and a wave of negative reports from analysts on the Street who are becoming increasingly bearish on sector fundamentals and a myriad of other headwinds.
Voting for Democrats was spectacular! A few weeks ago, we told investors that you really wanted to see the Democrats take the House. That way, we would get gridlock and a check on the president, maybe even some help with tariffs. Well, initially this looks to be right. The Dow Jones Industrials (DIA) are up 2% along with the S&P 500 (SPX), while the Nasdaq (QQQ) is up 2.5%. So far, so good.
October was the worst month for the S&P 500 Index (SPY) since September 2011. The index fell 7.3% in the month. The fall started after Federal Reserve Chair Jerome Powell stated that the economy no longer needed the policies that had been put into place during the 2008 financial crisis, such as record low interest rates.
Nvidia (NASDAQ:NVDA) has had a truly dreadful October. Just one month ago, NVDA stock reached a new record high of $293/share. Naturally, investors who love to buy stocks on dips are salivating at the prospect of buying NVDA stock at lower levels.
Which is better for the market, a thaw with China or data that shows the economy is slowing to the point that the Fed needs to be more prudent and less dogmatic with its rate hike philosophy? First, as you know, I have been saying bad news is good news now, bad news being any sign that the eight rate hikes the Fed has put through may be slowing down the economy enough that it doesn't need to panic and overshoot whatever targets are now being embraced. At 10 o'clock we got a truly critical precursor to economic growth that verifies everything I have been hearing from the myriad companies I talk to.
Semiconductor stocks and related exchange traded funds were among the better performing areas of the market Thursday as robust earnings results helped the sector rally. On Thursday, the VanEck Vectors ...
ETF investors are looking at the equity market correction as a good buying opportunity to get in on the cheap. Some of the hardest hit areas of the recent sell-off have also been among the most popular areas ETF investors are diving back into. For example, over the past week, the Communication Services Select Sector SPDR Fund (NYSEArca: XLC) , which includes many prominent media and internet names, attracted $972 million in net inflows, according to XTF data.
Ugh, it’s been a tough ride in Advanced Micro Devices (NASDAQ:AMD) lately. As if the decline in the Semiconductor ETF (NYSEARCA:SMH) wasn’t enough, AMD stock price has fallen 18.8% since reporting its third-quarter earnings. Thankfully yesterday was an up day in the overall market, otherwise Thursday could have been even uglier for AMD.