not broken to new highs even as the S&P 500 makes its own records, those five have also plummeted over the past month.Quint Tatro, president at Joule Financial, said semiconductor stock Micron Technology looks best here.
Micron has fallen nearly 30% from an April peak, a far sharper decline than the 3% drop for the SMH semiconductor ETF. Shares have also fallen 10% in the past month. Morgan Stanley on Thursday, for example, said "winter is coming" for the semiconductor space and that the industry looked to be late cycle, which presents a "challenging background" for future earnings growth.
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