Paid Roaring Stock Market Dec 21, 2023 2 min read paid The stock market came roaring back today led by the stock prices of companies that are benefitting from the Roaring 2020s. Strong results and guidance from Micron Technology boosted shares 9% today, while lifting other chip and semiconductor equipment stocks (chart). Micron is the largest US memory chip maker. Its chips go into a wide range of products. The rally since the correction low on October 27 has been breathtaking Ed Yardeni
Paid Chips Are Hot Despite Recession Fears Mar 29, 2023 2 min read paid Semiconductor investors didn't get the recession memo. They have anticipated the industry’s improvement for many months. The S&P 500 Semiconductors industry stock price index has jumped 55.8% from its late 2022 low, as of Tuesday’s close (chart). The index remains 20.9% off of its November 29, 2021 peak. As is often the case in this industry, investors jumped into semiconductor shares before Ed Yardeni
Paid Chips Are Cheap Again Jul 7, 2022 1 min read paid One of the worst performing S&P 500 industries so far this year has been Semiconductors. It is down 36.9% ytd as its forward P/E dropped 44% from 25.0 to 14.0. Meanwhile forward earnings rose 13.1% ytd to a record high. (See our "Blue Angels" chart below). Ed Yardeni
