XSD: Buy The Dip On The Equal-Weight Semiconductor ETF

Nov. 28, 2022 1:37 AM ETSPDR S&P Semiconductor ETF (XSD)SMH2 Comments

Summary

  • Domestic and global chips stocks have gotten hammered this year and sales dropped in the third quarter.
  • With weak sentiment and poor price action, I see a value case for this growth niche.
  • Technicals suggest waiting for a pullback on XSD, but shares appear to have put in a good bottom in October.
production of central processing units, gloved hand holds a cpu

Tanaonte

Semiconductor stocks have suffered substantially in 2022. As of last week, the chip industry was one of Goldman Sachs Investment Research’s recommended underweights even after a 33% year-to-date price drop. While the major investment bank is soft on semis, I reviewed the evidence independently, and found

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