Autos and Internet of Things will lead growth in the semiconductor market going forward, a report by a global industry tracker said Sunday. The chip market researcher claimed semiconductors used in automobile-related components may reach $28 billion this year and could surge to $42.9 billion in 2021. http://www.koreaherald.com/view.php?ud=20171210000164
PHLX Semiconductor Index: Semiconductor index with buy-signal!
Since the beginning of 2016, a clear upward trend has dominated the course of the US semiconductor index PHLX and produced a gain of over 140 percent in the barometer. On Wednesday, the index has broken above its highs from 2017 and has thereby set up a fresh follow-up buy signal.
At the same time, this also brought buyers to the scene in this country and spawned a price leap in numerous German technology titles. As a result, technology stocks tend to become more interesting again in the coming weeks and can be traded on the upper side via corresponding long instruments.
Direct price gains up to the upper trend limit of roughly 1,400 points would be quite feasible in the coming days.
North American semi equipment industry posts strong December billings
26 January 2018 North America-based manufacturers of semiconductor equipment posted US$2.39 billion in billings worldwide in December 2017 (three-month average basis), according to SEMI. The billings figure is 16.3% higher than the revised November 2017 level of US$2.05 billion and 27.7% above the December 2016 billings level of US$1.87 billion. https://www.digitimes.com/news/a20180126PR200.html
The US semiconductor index was up 3.26%. Very bullish. It is close to a multi-year high. Buy semiconductor stocks on Monday! Semiconductor rally is coming. https://www.marketwatch.com/investing/index/sox
Texas Instruments (NASDAQ:TXN) had its target price upped by JPMorgan Chase & Co. from $110.00 to $122.00 in a report released on Wednesday. The firm currently has an overweight rating on the semiconductor company’s stock.
But for these chipmakers, half of their costs are also denominated in US dollars, giving these firms a natural hedge against the depreciating greenback.
“No doubt [their] earnings will be affected by the weak [US] dollar, but the impact will not be that big,” Foo told The Edge Financial Daily over the phone, saying previous financial results indicated foreign exchange gains were not all that significant when the US dollar was strong.
the eps has been on the downward trend for 2q, in fact the previous year already show their earning plateu. There just isnt any more growth to look fwd to.
the eps has been on the downward trend for 2q, in fact the previous year already show their earning plateu. There just isnt any more growth to look fwd to.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mohd Fahmi Bin Jaes
28,643 posts
Posted by Mohd Fahmi Bin Jaes > 2017-12-14 11:39 | Report Abuse
.wednesday down, thursday up. easy to predict. then friday down