SOXS News and Press, Direxion Daily Semiconductor Bear 3x Shares From 05/27/22

AMD-competitor NVIDIA cut guidance for the current quarter below analyst estimates due to a revenue shortfall from Russia and China. AMD only reported 3 weeks ago and didn't see similar impacts on gaming sales in China. The stock isn't priced for the chip company to even match con...

Broadcom has announced a mega $69 billion deal to acquire VMware. The deal is the latest in a hugely successful acquisition spree in recent years. Given the modest profitability of VMware, I have some questions, outweighed by a superior performance of the core business. For ...

We are bullish on TXN because of the company's strong position in consumer electronics, PC, and smartphone markets. We are optimistic about TXN's exposure to industrial and automotive markets that are growing quickly. We remain concerned about the extent of double ordering and the...

The SOXX ETF has been ensnared in a bearish momentum since its last bull trap in March 2022. However, the writing was already on the wall since November 2021. We discuss the critical levels that SOXX investors must watch before adding exposure. We have yet to observe a bear trap rever...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

Nvidia is scheduled to report its Q1 FY23 results on May 25. Its revenue is likely to amount to $8.05 billion, up 42% year-over-year. But Nvidia's management may issue a conservative guidance in light of worsening chip shortages. For further details see: Nvidia: Get Set,...

AMD announced great Q1 earnings and had excellent guidance that has already baked in current headwinds. The acquisitions of Xilinx and Pensando are helping AMD enter into new markets and capitalize on increased demand for servers. The weak PC market and supply chain issues continu...

The Korean press is circulating rumors of a letter of intent being submitted for Magnachip. The article mentions two letters of intent (by different parties), with a third party still in the process. The rumored price is ~$25 per share, which seems fair but is not necessarily the ...

Long track record of increasing dividend payments and share buybacks. Both gross margin and net income margin are improving. Market leader in both analog and embedded processors. Appears undervalued according to price multiples with a 15%-30% upside potential. For furthe...

We rate ON Semiconductor as a strong buy due to its solid and growing position in the automotive and industrial power IC markets. We expect growth in power IC and the automotive markets to easily outpace growth in the analog market over the next 2-3 years. We believe ON's bottom l...