Chip stocks (SOXX) show early strength after JPMorgan upgrades the sector. "The inventory...

|By:, SA News Editor

Chip stocks (SOXX) show early strength after JPMorgan upgrades the sector. "The inventory correction appears to be mostly over as demand from several end markets appears to be improving," analyst Chris Danely writes, naming Texas Instruments (TXN +3.8%) as his top pick, and raising ratings on Xilinx (XLNX +5.3%) and ON Semiconductor (ONNN +4.6%) while remaining cautious on Intel (INTC +0.6%).