When in Doubt Sell Semis (SMH)
Tweet
Share
E-mail
Semiconductors stocks are getting murdered today, with Market Vectors Semiconductor ETF (NYSE: SMH) losing 3.3 percent intra-day. The move lower is tied to expectations of slowing global growth. Semis have been the favorite pinata for bears for about three months and so today's horror show shouldn't come as a surprise to traders. Still, as valuations continue to get squeezed, investors have to begin to wonder when is enough enough?
Intel Corporation (NYSE: INTC) is lower by 3.2 percent intra-day, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) lost 3.11 percent, and Texas Instruments Inc. (Nasdaq: TXN) took a haircut of 3 percent.
Intel Corporation (NYSE: INTC) is lower by 3.2 percent intra-day, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) lost 3.11 percent, and Texas Instruments Inc. (Nasdaq: TXN) took a haircut of 3 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tradr plans two inverse ETFs targeting Oracle and Applied Optoelectronics
- Intel (INTC) Price Target Raised to $120 by Stifel Ahead on Expected Earnings Beat
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
Create E-mail Alert Related Categories
ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
