FTXL News and Press, First Trust Nasdaq Semiconductor ETF From 02/28/23

Summary Outside of a brief period last summer, the Technology sector has seen its relative strength line sit in negative territory for nearly the whole of the past year. While Tech’s relative strength is not as weak as it once was and is closing in on the first positive readings ...

Summary First Trust Nasdaq Semiconductor ETF (FTXL) tracks an index of the most liquid US semiconductor companies. The US currently accounts for 12% of the global semiconductor market, but that could be poised to grow. I rate FTXL a Buy, based on a combination of long-term valuation...

Summary Artificial Intelligence (AI) has garnered a fair amount of hype over the past two months. However, investors may be focusing on the wrong set of companies. In this report, we focus on two areas that we believe are overlooked and offer outsized opportunities: cybersecurity an...

Summary Loosening Big Tech's labor stronghold may help level the global playing field. We believe many of our international holdings will be able to capitalize on dislocated labor markets. International investing offers the opportunity to access markets with technology innovators wh...

Summary Legislation in the US and EU aims to boost domestic and regional semiconductors manufacturing significantly, threatening to rebalance global semiconductors manufacturing away from Asia Pacific economies. The December 2022 announcement by Taiwan Semiconductor Manufacturing Co. (T...

Summary For global equity investors, what’s important is to identify broad trajectories of growth and inflation rates, and then to forecast turning points, or changes in those trajectories. Olga Bitel, Global Equity Strategist, and Hugo Scott‐Gall, portfolio manager and co...

Summary Last week, the Federal Reserve continued to decelerate its rate hikes with a quarter-point hike. Investors have been celebrating that the worst is behind us and the prospects of a soft landing in the economy is the base-case scenario. Despite the perceived Fed pivot, the Fed...

Summary As we head into the end of January, technical conditions in major stock indexes are showing a lot of strength. We think a bear market that could easily trim 50% from indexes is in the cards, but timing is everything. We find price action-driven measures more reliable than su...

Summary Semiconductor earnings paint a bleak picture for the sector, but not in the long term. What's driving the rebound in chip stocks in 2023. The impact of ChatGPT and AI on the semiconductor space. Chip stocks were not immune to the volatility that rattled mar...

Summary When I think about the lessons learned from 2022, I think the biggest lesson is valuations matter. I do think this is the most predicted recession that I've ever seen, certainly, in my career. Investors of all stripes, whether you're an asset allocator or a stock picker, I t...