Tech Stocks Leading Sector Today (TSM, ALTR, TXN, INTC)
The Philadelphia Semiconductor Index (SOX) is up nearly 5% today as semiconductor stocks are pushing the NASDAQ Composite up more than 1%, almost twice as much as the DJIA and S&P 500. A good earnings report from one company and…
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The Philadelphia Semiconductor Index (SOX) is up nearly 5% today as semiconductor stocks are pushing the NASDAQ Composite up more than 1%, almost twice as much as the DJIA and S&P 500.
A good earnings report from one company and heightened expectations for deliveries of chips for mobile devices and for programmable chips used in a variety of manufactured goods, including cars.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) reported better-than-expected revenues this morning and led the charge with a gain of 2.75% at$13.83. The shares moved to with a dime of a new 52-week high earlier this morning.
Altera Corp. (NASDAQ: ALTR) is up nearly 9.5% at $40.57. Texas Instruments Inc. (NYSE: TXN) is up nearly 7.5% at $33.31. Avago Technologies Ltd. is up 7.7% at $34.09. Intel Corp. (NASDAQ: INTC) is up more than 1.5% at $25.43, within $0.50 of a new 52-week high.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
