The lagging semiconductors have made some good progress over the past two trading sessions, particularly with Intel’s positive reaction to earnings. As the sector as a whole attempts to improve its case for a major bottom, it is worth tracking the stalwarts in the space. Skyworks (SWKS) reported a huge earnings beat and climbed over 8% in after hours trading on Wednesday. I have been a long-term technical bull on SWKS due to its months chart breakout for while now. I expect the stock to be on the leaders going forward.
In addition, consider CYMI below as another leader even as the sector has been a notable loser in recent months.
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Hi Chess, any thought on WFM ?
Very weak these days instead market up. Is WFM broken or still within healthy correction ? Thanks.
I’d stay away until bulls show up