The semiconductor industry had a rough 2018, with most of the major chipset manufacturing stocks closing in the red.

Broadcom’s attempt to acquire Qualcomm to create a wireless powerhouse was thwarted yet again when its revised bid was rejected unanimously by Qualcomm’s board of directors.

This is Boring stuff (relative to the Semiconductor play last year), I grant you. But times change and so should peoples’ perspectives and strategies.

The Semiconductor Index (SOX) measures to 870 on its weekly pattern. We have monthly charts targeting the low/mid 900’s. Why is it going there?

While many are forecasting low-single digit unit growth for semiconductor devices, average selling price (ASP) trends will drag down the overall revenue outlook for the industry.

CCMP, the Semiconductor manufacturing materials company, is now sold for a ridiculous 2 day profit and CBT, which I was just bemoaning missing out on yesterday, replaces it on its nice pullback.

I was going to buy CBT as well, but was so stretched out time-wise that I failed to realize its earnings were yesterday. Now the opportunity is gone. Win some, lose some, miss out on some.

Lam Research’s quarter is out and we have our answers. It was indeed correct for us to be bullish on the Equipment sector for Q2’s results reporting.