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Technology Stocks : Semi Equipment Analysis
SOXX 301.15-1.2%4:00 PM EST
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To: Return to Sender who wrote (76057)6/25/2017 8:06:51 PM
From: Donald Wennerstrom2 Recommendations

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Return to Sender
Sam

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Looking at the weekly newsletter and other articles throughout the week, there is expressed worry about the long up cycle for the market is coming to an end. This concern also is put forth for the semis. One of the ways to review what might be happening in the semi area is to take the SOXM weekly earnings estimates and create a table. The following table is a "snapshot" of the past 15 weeks of the SOXM earnings estimates which covers the present 28 stocks in the SOXM. For most of the weeks, both the Current Year and Next Year estimates are increasing week to week with only minor "hiccups" to the rising trend lines. Using the week of 3/17/17 as the baseline and comparing to Friday's closing data, the percent changes can be calculated for both the earnings estimates and the SOXM index price. Note how the earnings estimates are up 7.7 and 9.5 percent while the SOXM index is up 8.3 percent very close to the average of the earnings estimates.

While the data in this table cannot predict the future, it is a vehicle for updating each week to review any changes in the trend lines. While MU is reporting earnings this Friday(the only SOXM stock to do so for an Aug FY), the June Calendar quarter ends this coming Friday and many stocks will be reporting the results in July and Aug. For the SOXM index to continue rising, the earnings estimates have to continue rising.

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