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IFNNY - Microchip Technology Already Trading On The Recovery-To-Be
Infineon Technologies AG ADR
Investors have been seemingly chomping at the bit all year to buy a semiconductor rebound that has yet to happen. Of course investors look to get early (the market is a discounting mechanism, after all), but it seems like "oh, next quarter it will turn around" is all that investors have needed to hear. To that end, while my relative value call that Microchip Technology (MCHP) wasn't a great candidate to buy back in May has mostly worked out - the SOX has outperformed by about 10% and my favored name, STMicro (