Good day for the SOX and SMH. Marvell stock rallied over 20% on Q4 guidance boosted by AI demand
finance.yahoo.com
This while MCHP hit new 52 week lows. And it is not the only stock in the group under performing. In fact 13 of the 30 are really struggling.
ACLS, ALGM, AMD, AMKR, ASML, INTC, MCHP, MPWR, NXPI, ON, QRVO, SWKS and WOLF are either much closer to 52 week lows than the middle ground or certainly under performing at best. I am worried that this is due to us being late in the cycle for stocks. Lets look at some 9 Month charts of the 13 stocks in the SOX.
Obviously most of these stocks have under delivered with earnings and guidance:
AVGO, COHR, MRVL, NVDA, TSM and TXN are outperforming.
AMAT, ADI, ENTG, GFS, KLAC, LSCC, LRCX, MU, QCOM, RMBS and TER are not outperforming but are also well off 52 week lows.
ACLS, ALGM, AMD, AMKR, ASML, INTC, MCHP, MPWR, NXPI, ON, QRVO, SWKS and WOLF are either much closer to 52 week lows than the middle ground or certainly under performing at best.
RtS |
