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Ahead Of Intel Earnings, S&P Looks At Chip ETFsBenzinga • Thu, Jan 17 -
Relative Strength Of SemiconductorsBespoke Investment Group • Thu, Nov 29, 2012 -
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Dynamic Technology ETFs: A Multi-Year Record Of Lagging PerformanceRichard Bloch • Mon, Jun 25, 2012 -
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Cascade Earnings Preview: Full-Year EPS Lift ExpectedBenzinga • Thu, Mar 29, 2012
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Tuesday Options RecapFrederic Ruffy • Tue, Mar 6, 2012 -
10 Reasons Semi Sales Will Be Sub-Seasonal In Q1Paul Peterson • Mon, Dec 19, 2011 -
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Chip Sector M&A Headed For A SlowdownThe 451 Group: Inorganic Growth • Fri, Oct 14, 2011 -
Semiconductor ETFs Lag Market, Stay Below 50-Day Moving AverageJohn Spence • Tue, Sep 27, 2011 -
Cautious Optimism About SemiconductorsWall Street Strategies • Thu, Aug 4, 2011 -
Tech Sector ETF Rankings for 3Q11David Trainer • Wed, Jul 20, 2011
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IT Spending to Increase in 2011: How Should You Invest?Trade Radar Operator • Wed, Dec 22, 2010 -
ETFs in 3 Sub-Sectors Hitting Fresh 52-Week HighsGary Gordon • Thu, Dec 2, 2010
To learn more about Seeking Alpha Pro, click here.
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Chips Sector Growing at a Healthy ClipCullen Roche • Wed, Jun 2, 2010
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Ahead Of Intel Earnings, S&P Looks At Chip ETFsBenzinga • Thu, Jan 17
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Relative Strength Of SemiconductorsBespoke Investment Group • Thu, Nov 29, 2012
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Dynamic Technology ETFs: A Multi-Year Record Of Lagging PerformanceRichard Bloch • Mon, Jun 25, 2012
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Cascade Earnings Preview: Full-Year EPS Lift ExpectedBenzinga • Thu, Mar 29, 2012
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Tuesday Options RecapFrederic Ruffy • Tue, Mar 6, 2012
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10 Reasons Semi Sales Will Be Sub-Seasonal In Q1Paul Peterson • Mon, Dec 19, 2011
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Chip Sector M&A Headed For A SlowdownThe 451 Group: Inorganic Growth • Fri, Oct 14, 2011
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Semiconductor ETFs Lag Market, Stay Below 50-Day Moving AverageJohn Spence • Tue, Sep 27, 2011
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Cautious Optimism About SemiconductorsWall Street Strategies • Thu, Aug 4, 2011
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Tech Sector ETF Rankings for 3Q11David Trainer • Wed, Jul 20, 2011
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IT Spending to Increase in 2011: How Should You Invest?Trade Radar Operator • Wed, Dec 22, 2010
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ETFs in 3 Sub-Sectors Hitting Fresh 52-Week HighsGary Gordon • Thu, Dec 2, 2010
There are no Transcripts on PSI.
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at MarketWatch.com (Jun 7, 2010)
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at MarketWatch.com (Jun 7, 2010)
PSI vs. ETF Alternatives
PSI Description
The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductors Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
See more details on sponsor's website
See more details on sponsor's website
Sector: Technology
Country: United States
Key Info
- In Your Portfolio: A Guide to Sector ETFs, Technology ETFs
- Asset Class Performance: Sectors
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, April 24, 12:28 PM Are wireless chip stocks decoupling from Apple? Even with Apple off slightly as bleak June quarter guidance outweighs fresh capital returns, iPhone/iPad combo chip supplier Broadcom (BRCM +6.6%) is surging thanks to a Q1 beat and strong Q2 guidance, and is helping out some peers - QCOM +1.4%, SWKS +2.6%, INVN +1.8%, SNDK +1%. During its earnings call, Broadcom, which also provides combo chips for many Samsung phones, stated mobile chip sales only fell 1.6% Q/Q in seasonally weak Q1, and forecast sequential growth for the business (Apple-dependent Cirrus Logic sure isn't doing the same). Qualcomm reports after the close. 4 Comments [Tech, Earnings, On the Move]
- Wednesday, April 17, 12:26 PM Chip stocks have a rough day (SOXX -2.8%) following Cirrus Logic's warning, light guidance from Linear Technology (LLTC -4.6%) to go with a Q1 beat - Linear sees 1%-4% Q/Q revenue growth for calendar Q2, below a 4.7% consensus - and ho-hum Q1 results/Q2 guidance from Intel. Apple suppliers Broadcom (BRCM -4%), Avago (AVGO -5.5%), STMicroelectronics (STM -6.7%), NXP (NXPI -7%), RF Micro (RFMD -2.8%), and OmniVision (OVTI -3.3%) are among the casualties, but they're far from alone. ANAD -6.2%. STM -5.7%. FSL -5%. ADI -4.5%. TXN -4.4%. Comment! [Tech, On the Move]
- Friday, February 22, 2:03 PM Chip stocks are outperforming (SOXX +2%) in the wake of Marvell's FQ4 beat and solid guidance, and Texas Instruments' dividend/buyback hike. Also norteworthy: 1) SEMI estimates the book-to-bill for North American chip equipment makers rose to 1.14 in January; that's up from 0.92 in December, and the first reading above 1 since May '12. 2) Taiwanese analog chipmakers posted strong January sales thanks to demand from LED and smartphone clients; the results could be a positive leading indicator. Comment! [Tech, On the Move]
- Friday, February 1, 1:34 PM Telecom chipmakers Cavium (CAVM +7.5%) and PMC-Sierra (PMCS +13.7%) soar after delivering Q4 beats (I, II), and contribute to a decent rally in chip stocks (SOXX +1.9%). Cavium guided on its Q4 call for Q1 revenue of $68.5M-$70.5M and EPS of $0.17-$0.19 vs. a consensus of $69.1M and $0.17. PMC guided on its call for Q1 revenue of $123M-$132M, largely above a $124.7M consensus. The numbers come amidst growing optimism (I, II) about 2013 telecom capex. Peers Broadcom (BRCM +2%), Marvell (MRVL +3.1%), and LSI (LSI +4.7%) are all doing well. Comment! [Tech, Earnings, On the Move]
- Thursday, January 17, 1:19 PM TSMC (TSM +2.5%) has hit levels last seen during the Dot.com bubble after delivering an in-line Q4 report (revenue was already known thanks to monthly reports) and guiding for a smaller Q/Q sales drop for seasonally weak Q1 than was expected. The world's top chip foundry claims 22% of Q4 wafer sales involved its cutting-edge 28nm process - TSMC struggled with 28nm yield issues earlier in 2012. Chip stocks are getting a lift from the report (SOXX +1.4%), and from ASML's guidance. Comment! [Tech, Earnings, On the Move]
- Wednesday, January 16, 2:19 PM Chip stocks are outperforming (SOXX +1.1%) in spite of receiving soft top-line numbers from Linear Tech (LLTC +1.4%): the chipmaker missed FQ2 revenue estimates and guided for FQ3 Q/Q revenue growth of 1%-4%, below a 5% consensus. S&P 500 chip companies are already expected to post a 28.7% Y/Y earnings drop for calendar Q4 (per Thomson Reuters), thus expectations are quite low. Intel (INTC +0.9%) reports tomorrow: the consensus revenue forecast of $13.51B is below the midpoint of the chip giant's $13.1B-$14.1B guidance range. Comment! [Tech, On the Move]
- Wednesday, January 2, 11:00 AM Chip stocks are outperforming (SOXX +3.4%) after the SIA reports global chip sales rose 8.5% Y/Y in November, albeit while falling 1.3% M/M. Though year-ago figures were depressed by an inventory correction and some were expecting a M/M increase, the sector has already priced in quite a bit of bad news. Equipment maker Lam Research (LRCX +5.5%) is one of the standouts after D.A. Davidson starts coverage with a Buy and $56 PT. Comment! [Tech, On the Move]
- Friday, December 21, 2012, 4:15 PM O2Micro (OIIM) warns it expects Q4 revenue of $16M-$17M, below prior guidance of $17M-$20M and a consensus of $18.6M. The company, no stranger to warnings, blames "broad-based weakness in demand in our end markets, coupled with lower than normal inventories being held in the supply chain." At least a few other chipmakers have similar problems. Shares are likely to fall after rising 8% in regular trading. (PR) Comment! [Tech, Earnings, On the Move]
- Tuesday, December 11, 2012, 12:48 PM Texas Instruments (TXN +3.8%) is up after providing a guidance update that's being received favorably in light of industry and company-specific issues. During its update call, TI noted the wireless processor/connectivity business it's exiting will post a Q4 loss on revenue of ~$200M, and that those sales should be gone by 2014. Computing, industrial, and telecom infrastructure chip demand is also weak, though console and e-reader demand is healthy - that last bit could be a positive for AMZN and BKS. Chip stocks are outperforming (SOXX +2%). (Audi deal) Comment! [Tech, On the Move]
- Friday, November 9, 2012, 10:34 AM Analog chipmakers Diodes (DIOD -7%) and Microsemi (MSCC -5%) are heading south following their Q3 reports (I, II). Though Diodes' Q4 revenue guidance ($160M-$167M vs. $164M consensus) was in-line, its gross margin forecast of 23%-27% is underwhelming, given the midpoint is below Q3's 26.2%. Microsemi is guiding for Q4 revenue of $262M-$268M and EPS of $0.57-$0.60, mostly below a consensus of $268.1M and $0.60. The chip industry remains mired in a slump. (Diodes PR) (Microsemi PR) Comment! [Tech, Earnings, On the Move]
- Wednesday, October 24, 2012, 2:53 PM While Facebook leads an Internet stock rally, chip stocks have sold off over the course of the day (SOXX -1.3%). Broadcom (BRCM -2.9%) and Altera's (ALTR -8%) guidance (I, II) is taking a toll, and the Street might also be concerned about the implications of EMC and Juniper's guidance. During its earnings call, Broadcom said it expected its networking/wireline infrastructure chip sales to be weak in Q4, due to both soft enterprise and service provider spending. Comment! [Tech, On the Move]
- Tuesday, October 23, 2012, 1:24 PM Chip stocks are outperforming a little following ARM's (ARMH +11.6%) pleasing Q3 report (I, II), in which the company reported a 16% Y/Y increase in Q2 unit shipments (from which Q3 royalties were derived). Beaten-down PC chip stocks are among the winners: AMD +3.8%. NVDA +2.9%. INTC +1.1%. Earlier today, AMD launched its Vishera desktop CPU line - AMD is counting on the 4 and 8-core CPUs, which are priced aggressively, to help reverse share losses to Intel's Ivy Bridge. Reviewers offer tempered praise. 2 Comments [Tech, On the Move]
- Wednesday, October 10, 2012, 9:48 AM Avnet (AVT -9.6%) tumbles to 52-week lows after warning it expects FQ1 (Sep. quarter) revenue of $5.85B and EPS of $0.52-$0.58, below a consensus of $6.06B and $0.83. The company blames the impact of delayed IT projects on its hardware distribution ops, and a "pronounced slowdown" in Americas sales for its chip distribution ops. Given Avenet's bellwether status for chip demand, which is already looking shaky, the warning is likely contributing to early weakness in chip stocks (SOXX -0.9%). Rival Arrow (ARW -6.2%) is also selling off. Comment! [Tech, Earnings, On the Move]
- Monday, October 8, 2012, 12:59 PM ISI's Sumit Dhanda downgrades his rating for the chip industry to Neutral, while also downgrading analog chipmakers Texas Instruments (TXN -0.5%), Linear Tech (LLTC -0.7%), Analog Devices (ADI -0.7%), Power Integrations (POWI -3.5%), and Intersil (ISIL -7.3%) in particular. Dhanda, whose move follows a selloff in chip stocks thanks to negative data (I, II), thinks macro issues could lead industry sales to fall 2% in 2013. JPMorgan has also downgraded Intersil, citing PC weakness, share loss, and a possible dividend cut. (previous) Comment! [Tech, On the Move, Quick Ideas]
- Monday, September 24, 2012, 10:21 AM Apple component suppliers trade lower in response to the company's iPhone 5 sales data. CRUS -3.8%. SWKS -2%. AVGO -2.7%. BRCM -1.5%. QCOM -1.5%. TQNT -1.7%. The broader chip sector, which depends a lot on Apple these days, is also underperforming (SOXX -1.3%). 2 Comments [Tech, On the Move]
- Tuesday, August 7, 2012, 1:35 PM Freescale (FSL +10.9%), LSI (LSI +5.8%), and Applied Materials (AMAT +4.9%) lead a major rally in chip stocks (SOXX +2.6%) after Goldman upgrades the companies. Discussing Freescale, Goldman argues downside to estimates is limited given soft guidance and a lean supply chain, and (more importantly for peers) the firm expects EPS to be "up significantly" in 2013 and 2014 thanks to a new chip industry up cycle. MU +5.4%. NXPI +5.8%. MRVL +4.8%. ATML +5.9%. 1 Comment [Tech, On the Move, Quick Ideas]
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Paulo Santos
In one of the funniest twists to the Greek PSI, 4 Greek pension funds have refused the deal. - View all 1 replies
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humahuaca: yeah that one really is odd huh? What are they thinking? Do they own CDS? Will they collapse if they accept the swap? Would love to know
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- View all 0 replies
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Ned Edward
gold, silver, and equities down together feels more like PSI failure in the works than anything bernank said, but i suck at this - View all 1 replies
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USisCorrupt: I call it manipulation and the best way to buy Government subsidized Physical PM's. It great as long as it last.
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Ned Edward
S&B's comment got me thinking... Quick poll: Is Greek PSI deal announcement a perfect time to "sell the news"??? Will you buy or sell news?? - View all 2 replies
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Skull & Bones: Don't forget the market reaction to US debt ceiling "fix" last summer......and the "monster rally" in July AFTER QE2 expired.....I can go on -
realornot: "monster rally" in July last yr. >>>> "monster collapse" this July
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Ned Edward
judging by the euro, I'd guess we're getting greece PSI "news" soon. We'll keep celebrating it even after participation is less than 50% - View all 1 replies
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Skull & Bones: Yes, but reaction relatively short-lived....just long enough to squeeze the impatient shorts just like FED announcement.
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Native Texan
"Gross: The cock-a-roaches are in the Greek PSI house. Hedge funds calling the shots - policy exterminators losing their control." - View all 0 replies
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Ned Edward
Reuters: "Greek newspapers have exhausted all synonyms for the word 'near', cannot report on PSI++ progress" - View all 1 replies
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Ned Edward
buried in the rubble of positive headlines, Fitch calls greece in default as soon as PSI effective: http://bit.ly/ydYmjz - View all 1 replies
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nasalpancho: what positive headlines? other than the cheerleading what was positive?
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Ned Edward
S&P will downgrade banks starting today. We'll rally anyway. PSI meeting will fail... again. We rally anyway. Greece will go bust. We Rally - View all 3 replies
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realornot: don't keep counting on it. You can't fool the fools too many times....
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Josh Krause: Banksters need a down week to catch bulls by the tail. Rally again next week into FOMC meeting.
LATEST REPLIES
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Paulo Santos
In one of the funniest twists to the Greek PSI, 4 Greek pension funds have refused the deal. - View all 1 replies
-
humahuaca: yeah that one really is odd huh? What are they thinking? Do they own CDS? Will they collapse if they accept the swap? Would love to know
-
Ned Edward
gold, silver, and equities down together feels more like PSI failure in the works than anything bernank said, but i suck at this - View all 1 replies
-
USisCorrupt: I call it manipulation and the best way to buy Government subsidized Physical PM's. It great as long as it last.
-
Ned Edward
S&B's comment got me thinking... Quick poll: Is Greek PSI deal announcement a perfect time to "sell the news"??? Will you buy or sell news?? - View all 2 replies
-
Skull & Bones: Don't forget the market reaction to US debt ceiling "fix" last summer......and the "monster rally" in July AFTER QE2 expired.....I can go on
-
realornot: "monster rally" in July last yr. >>>> "monster collapse" this July
-
Ned Edward
judging by the euro, I'd guess we're getting greece PSI "news" soon. We'll keep celebrating it even after participation is less than 50% - View all 1 replies
-
Skull & Bones: Yes, but reaction relatively short-lived....just long enough to squeeze the impatient shorts just like FED announcement.
-
Native Texan
"Gross: The cock-a-roaches are in the Greek PSI house. Hedge funds calling the shots - policy exterminators losing their control." - View all 0 replies
-
Ned Edward
Reuters: "Greek newspapers have exhausted all synonyms for the word 'near', cannot report on PSI++ progress" - View all 1 replies
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Ned Edward
buried in the rubble of positive headlines, Fitch calls greece in default as soon as PSI effective: http://bit.ly/ydYmjz - View all 1 replies
-
nasalpancho: what positive headlines? other than the cheerleading what was positive?
-
Ned Edward
S&P will downgrade banks starting today. We'll rally anyway. PSI meeting will fail... again. We rally anyway. Greece will go bust. We Rally - View all 3 replies
-
realornot: don't keep counting on it. You can't fool the fools too many times....
-
Josh Krause: Banksters need a down week to catch bulls by the tail. Rally again next week into FOMC meeting.