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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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To: Donald Wennerstrom who wrote (81398)10/14/2018 2:15:12 PM
From: Donald Wennerstrom3 Recommendations

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Now 10+ months into 2018 and the SOX finished on Friday at 1253.58 compared to 1253.05 on 12/29/2017. The chart shows the action along with a few other stocks.

During the year the SOX has been constrained for the most part between the +20 and 0 percent lines. The last couple of weeks, closing on Friday, has brought it to the "0" line. The SOX as well as the other stocks shown had their best performance in the March time frame and since then have been trending downward. Micron is the one exception which held up a little longer, but since June has a steeper downtrend which landed it right next to the SOX at this point in time.

All of these stocks have shown outstanding financial performance over the year so far and their earnings estimates have held up quite well so far going forward. The media press has been full of dire predictions for the "slow down" and "pull back" of DRAM and NAND lack of demand and therefor price deterioration which has also affected the semi-equip stocks as well. AMAT's 4th quarter and FY18 ends at the close of this month. Their report in November(presently scheduled for 11/15) will be another checkpoint for the sector.

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