We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
It was a great week for semiconductor stocks. After the initial scare related to Taiwan Semiconductor’s (TSM - Free Report) warning about smartphone demand, investors entered the earnings season with trepidations. But after the first few earnings this week, sentiments started shifting, culminating in the reaction to Advanced Micro Devices’ (AMD - Free Report) stellar quarter.
Here are a few charts assuring us that semiconductors aren’t just about smartphones; there’s automotive, industrials, medical, communications, military, IOT and so much more-
AMD, which reported a sales surprise of 6.2% and earnings surprise of 33.3%, saw shares jump 13.7% yesterday for a weekly net gain of 10.5%.
Intel (INTC - Free Report) , which topped our revenue estimate by 6.7% and earnings estimate by 22.5%, saw shares appreciate 2.9% over the past week.
Texas Instruments (TXN - Free Report) , which posted revenue and earnings beats of 3.8% and 9.0%, saw shares up 2.7% for the week.
Micron (MU - Free Report) shares soared 5.3% yesterday to almost totally recover losses through the first few days of the week. The company reported February quarter revenue and earnings that beat the Zacks Consensus Estimates by 1.7% and 4.1%.
NVIDIA (NVDA - Free Report) , which has yet to report, also saw shares jump 4.0% yesterday to make up for losses through the first part of the week.
Xilinx , which reported a sales surprise of just 3.6% and just managed to match the Zacks Consensus Estimate on the bottom line, jumped 1.7% yesterday to post a net 0.9% gain for the week.
KLA-Tencor (KLAC - Free Report) was up 2.2% yesterday but couldn’t make good the losses taken in the first few days of the week as its revenue and earnings surprises were both contained at just 2.0%.
Lam Research (LRCX - Free Report) beat the Zacks Consensus Estimate by 1.4% on the top line and 9.9% on the bottom line. Its shares were up 2.0% yesterday to a net -0.8% over the past week.
Applied Materials (AMAT - Free Report) has yet to report, but yesterday, its shares jumped 2.8% regardless.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
A Rising Tide Lifting All Boats
It was a great week for semiconductor stocks. After the initial scare related to Taiwan Semiconductor’s (TSM - Free Report) warning about smartphone demand, investors entered the earnings season with trepidations. But after the first few earnings this week, sentiments started shifting, culminating in the reaction to Advanced Micro Devices’ (AMD - Free Report) stellar quarter.
Here are a few charts assuring us that semiconductors aren’t just about smartphones; there’s automotive, industrials, medical, communications, military, IOT and so much more-
AMD, which reported a sales surprise of 6.2% and earnings surprise of 33.3%, saw shares jump 13.7% yesterday for a weekly net gain of 10.5%.
Intel (INTC - Free Report) , which topped our revenue estimate by 6.7% and earnings estimate by 22.5%, saw shares appreciate 2.9% over the past week.
Texas Instruments (TXN - Free Report) , which posted revenue and earnings beats of 3.8% and 9.0%, saw shares up 2.7% for the week.
Micron (MU - Free Report) shares soared 5.3% yesterday to almost totally recover losses through the first few days of the week. The company reported February quarter revenue and earnings that beat the Zacks Consensus Estimates by 1.7% and 4.1%.
NVIDIA (NVDA - Free Report) , which has yet to report, also saw shares jump 4.0% yesterday to make up for losses through the first part of the week.
Xilinx , which reported a sales surprise of just 3.6% and just managed to match the Zacks Consensus Estimate on the bottom line, jumped 1.7% yesterday to post a net 0.9% gain for the week.
KLA-Tencor (KLAC - Free Report) was up 2.2% yesterday but couldn’t make good the losses taken in the first few days of the week as its revenue and earnings surprises were both contained at just 2.0%.
Lam Research (LRCX - Free Report) beat the Zacks Consensus Estimate by 1.4% on the top line and 9.9% on the bottom line. Its shares were up 2.0% yesterday to a net -0.8% over the past week.
Applied Materials (AMAT - Free Report) has yet to report, but yesterday, its shares jumped 2.8% regardless.
You get the drift…
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>