Steve, Re: Smelly Socks and SOX
I ran the sox stocks thru my FA scoring system. The results were
interesting:
ADI 1
AMAT 6
AMD -2
INTC 11
LLTC 2
LRCX 2
LSCC 2
LSI 2
MOT 2
MU 4
NSM -1
NVLS 0
TER 3
TXN 5
VLSI 0
XLNX 7
What was really interesting is that, unlike the banks where none of
them were able to double their revenues, 10 of the 16 SOX were able to
do it. But, the percentage that were able to achieve sequential
annual EPS growth was actually less than the banks (only 4 of the
16). There were two that were able to do both: our beloved INTC and
XLNX.
The actions of the top ten big boys was really something to behold.
These funds bought some 96M of the SOX stocks. Look at some of these
numbers: TER 10.6M, 12.7%; VLSI 5.9M, 12.6%; LSCC 2.7M 11.4%; MU
22.7M, 10.7%; and NVLS 3.6M, 10.7%. Those are some big numbers! In
fact, the only net outflow was LLTC and it was minor. All ten of the
top ten were buying MU.
Unlike the banks, only 5 were at a 5 year high PE ratio. In the final
analysis, INTC is far ahead of the pack!
Berney |
