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SOXL - Semiconductor Chips Are The Modern Dutch Tulip Bulbs
Direxion Daily Semiconductor Bull 3x Shares
The semiconductor stocks continued melting up last week until Intel threw some cold water on the Dutch tulip bulb price-chasing party. Texas Instruments Incorporated (TXN) reported Tuesday after the close. Revenues declined 5% from the year-earlier quarter. The management stated that demand continued to slow across most markets. TXN then said Q2 revenues would drop 10% from Q2 2018. It said earnings would be down 13%. Management also explained that historically down-cycles last 4-5 quarters. With the company 2 quarters into a down-cycle, it would seem that the "green shoots" sighted by some companies in