News Formal

Semiconductor stocks' epic rally has room to run, if history is any guide

  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Semiconductor stocks have gained more than 50% this year with AMD, Universal Display and Marvell Technology leading the rally. The chip sector's recent market history suggests the gains can continue.

The rally could still have room to run, if recent market history is any guide. Two weeks after similar gains in the Van Eck semiconductor ETF, the bullish trend tends to continue.

The ETF trades positively 83% of the time, while adding another 2%, according to a CNBC analysis of Kensho, a hedge fund trading tool. The top-performing semiconductor stocks are

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

My free Credit Karma app helped my credit score spike by 50 points overnight - Business InsiderAfter getting engaged, the author started paying down debt and raising her credit score. A feature on the Credit Karma app made a huge difference. Looking for unique Logo,T-shirt,Business card,Banner Designer?Please contact my fiverr link
Source: BusinessInsider - 🏆 729. / 51 Read more »