ETF Trends
04-29-2008, 04:10 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/29/semiconductor_wafer.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/29/semiconductor_wafer.jpg) The technology sector and related exchange traded funds (ETFs) seems to be losing some of the steam it had gathered toward the end of 2007.
The tech-obsessed Nasdaq composite index is down 8.6% year-to-date. Technology ETFs wrapped up last year about 13% higher, but so far this year are down about 8%. One segment of the technology sector that could be worth another look is the semiconductors, says Joseph Hargett for Forbes (http://www.forbes.com/finance/2008/04/27/intel-lattice-amkor-pf-ii-in_jh_0427options_inl.html).
The Semiconductors HOLDRs Trust (SMH (http://finance.yahoo.com/q?s=smh)), down 4.7% year-to-date,has been demonstrating an uptrend, seen in a series of higher highs and higher lows. If it keeps heading in this direction, it could attract some attention.
The sector is largely boosted by two companies in particular: Intel (INTC (http://finance.yahoo.com/q?s=INTC)) and Linear Technology (LLTC (http://finance.yahoo.com/q?s=lltc)). Intel posted earnings on April 15 that were in line with analyst expectations, and predicted second quarter review to be higher. Linear's shares have risen 14% year-to-date.
If sentiment toward the semiconductor sector turns bullish, other ETFs that are poised to rebound are:
iShares S&P North American Tech Semiconductors (IGW (http://finance.yahoo.com/q?s=igw)), down 8.8% year-to-date
PowerShares Dynamic Semiconductors (PSI (http://finance.yahoo.com/q?s=psi)), down 4.3% year-to-date
SPDR S&P Semiconductor (XSD (http://finance.yahoo.com/q?s=xsd)), down 5.6% year-to-datehttp://www.etftrends.com/images/2008/04/29/z_6.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/29/z_6.png)
(http://etftrends.typepad.com/photos/uncategorized/2008/04/29/z_5.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/280323696/semiconductor-s.html)
http://www.etftrends.com/images/2008/04/29/semiconductor_wafer.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/29/semiconductor_wafer.jpg) The technology sector and related exchange traded funds (ETFs) seems to be losing some of the steam it had gathered toward the end of 2007.
The tech-obsessed Nasdaq composite index is down 8.6% year-to-date. Technology ETFs wrapped up last year about 13% higher, but so far this year are down about 8%. One segment of the technology sector that could be worth another look is the semiconductors, says Joseph Hargett for Forbes (http://www.forbes.com/finance/2008/04/27/intel-lattice-amkor-pf-ii-in_jh_0427options_inl.html).
The Semiconductors HOLDRs Trust (SMH (http://finance.yahoo.com/q?s=smh)), down 4.7% year-to-date,has been demonstrating an uptrend, seen in a series of higher highs and higher lows. If it keeps heading in this direction, it could attract some attention.
The sector is largely boosted by two companies in particular: Intel (INTC (http://finance.yahoo.com/q?s=INTC)) and Linear Technology (LLTC (http://finance.yahoo.com/q?s=lltc)). Intel posted earnings on April 15 that were in line with analyst expectations, and predicted second quarter review to be higher. Linear's shares have risen 14% year-to-date.
If sentiment toward the semiconductor sector turns bullish, other ETFs that are poised to rebound are:
iShares S&P North American Tech Semiconductors (IGW (http://finance.yahoo.com/q?s=igw)), down 8.8% year-to-date
PowerShares Dynamic Semiconductors (PSI (http://finance.yahoo.com/q?s=psi)), down 4.3% year-to-date
SPDR S&P Semiconductor (XSD (http://finance.yahoo.com/q?s=xsd)), down 5.6% year-to-datehttp://www.etftrends.com/images/2008/04/29/z_6.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/29/z_6.png)
(http://etftrends.typepad.com/photos/uncategorized/2008/04/29/z_5.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/280323696/semiconductor-s.html)