2024-06-19 06:50:38 ET
Summary
- I see mixed risks in the chip industry heading into the second half.
- Bullish news hit the tape on Tuesday as Bank of America added Micron to their US 1 list, boosting semiconductor stocks like NVIDIA.
- Semiconductor ETFs have reasonable valuations with strong EPS growth, but caution is advised due to momentum and technicals.
- Leveraged ETFs like SOXL can suffer from negative compounding returns during sideways trading, making them risky investments.
- I outline key price levels to watch and important corporate event risk catalysts possible in the weeks ahead.
The following article is on a 3x leveraged long ETF. Leveraged funds carry additional risks which I will outline in the article. Please take caution when trading such products. ...
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For further details see:
SOXL: Mixed Risks Ahead Of Nvidia's Shareholder Event (Rating Upgrade)