Well, as usual, I was "leaning' the wrong way today. I thought the semi-equips would lose some ground, but 23 of the 28 stocks were in the "green" for the day. The Group, as a whole, was up 2.2 percent for the day.
In the pre market this morning the semi-equips were very strong. As the early morning progressed, the semi-equips continued to rise and then "fell back" later in the day, but still finished with a good gain for the day. The 4 semi-equips as part of the SOX, AMAT, KLAC, NVLS and TER reached their highs for the day in the morning of 8.8, 7.0, 6.4 and 5.9 percent respectively. They closed the day with gains of 4.2, 4.1, 3.0, and 1.3 percent respectively.
The SOX finished down slightly for the day after being in the "green" for most of the day. AMAT, KLAC, and NVLS were in the top 3 spots in the SOX index with TER finishing in 7th place.
Hard to know what caused the strength in the semi-equips today, even though they fell off considerably during afternoon trading, the gains were good for the day. In after hours trading, AMAT, KLAC and NVLS seem to be trading higher than their close today.
Don |
