|Bid||5.30 x 21500|
|Ask||5.32 x 3200|
|Day's Range||5.16 - 5.38|
|52 Week Range||5.16 - 54.39|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-74.72%|
|Beta (5Y Monthly)||-2.67|
|Expense Ratio (net)||1.08%|
The big picture is that the skyrocketing debt is creating a very serious problem. It just keeps surging to record levels at an unprecedented rate, cautions Mary Anne and Pamela Aden, editors of The Aden Forecast.
The U.S.-China trade deal plays a profound role in the performance of the semiconductor sector given their exposure to China. "Due to their considerable exposure to the Chinese market and a heavily intertwined supply chain in Asia, semiconductor stocks have seen collateral damage as the US-China trade spat has escalated," said a Direxion Investments "Xchange" post. "To make matters worse, semiconductors are effectively everywhere today from computers to smartphones to televisions," the post added.
When it comes to traders looking leveraged exchange-traded fund (ETF) opportunities, the semiconductor sector is one in which China will have a profound impact. "It is really important to look at where China is in the overall value chain," said Jimmy Goodrich, vice-president of global policy at the Semiconductor Industry Association, a US trade group representing some of the biggest names in the industry from Intel to Broadcom. It is really important to look at where China is in the overall value chain," he added.
With escalation in trade war between the world's largest economies, the semiconductor sector has been the worst hit given its significant exposure to China.
The semiconductor industry industry is in play after chipmaker AMD reported its second-quarter earnings results on Thursday. While the company was able to be on par with analyst estimates for earnings per share and beat revenue expectations, revenue was actually down 13 percent compared to the same quarter last year. For the bears, this could put the Direxion Daily Semiconductor Bear 3X ETF (SOXS) in play.