XLK - Qualcomm Qorvo stocks lead semis higher after earnings

November, 05 2020 01:45 PM SPDR Select Sector Fund - Technology

The Philadelphia Semiconductor Index is up is up 3.8% vs. the 2.8% gain from the broader tech sector (XLK) driven by the 'stunning' earnings report from Qualcomm ([[QCOM]] +13.0%) driven by 5G trends, and Qorvo's ([[QRVO]] +7.7%) beats and strong current quarter forecast.Other top semi gainers include Applied Materials ([[AMAT]] +6.1%), MKS Instruments ([[MKSI]] +6.0%), Cree ([[CREE]] +5.4%), and Skyworks ([[SWKS]] +4.9%). Skyworks shares started the week in the red despite reporting its own FQ4 beats and upside guidance.Previously: Qualcomm price targets raised after 'stunning' quarter, ahead of 2021 'sweet spot' (Nov. 05 2020)Here's a look at how the VanEck Vectors Semiconductor ETF (SMH) has performed compared to the S&P 500 and tech sector over the past month. Compare the six month, one year, and five year returns here.

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Qualcomm, Qorvo stocks lead semis higher after earnings

Company Name:	SPDR Select Sector Fund - Technology
Stock Symbol:	XLK
Market:	NYSE

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