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The Income Investor

October, 2017 Archives

New Tech Cycle Drives Chipmaker Breakout

By Dr. Carla Pasternak

 

The popular FANG stocks (Facebook, Amazon, Netflix, Google) have been on a roll but are trading down from their 52-week highs. They might rebound,  but in the meantime, the semiconductor stocks are breaking out . Year-to-date, the benchmark PHLX Semiconductor Sector Index or SOX has outpaced the S&P 500 nearly threefold, with much of the gains occurring since mid-April.

 

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