Scalper1 News
What’s going on with semiconductor stocks? Are they rallying in anticipation of strong sales and more merger activity, or is it just a dead-cat bounce? The Philadelphia semiconductor index (SOX) popped 3.8% Wednesday, helped by an upside reversal for Intel (INTC) after its Q3 report, plus rumors tha t several names in the space are potential takeover targets. The SOX extended gains Thursday, rising an additional 1%, but at 13% off its high, the Scalper1 News
Scalper1 News