Tech lunch: Tech recovers from semi slump

Seeking Alpha

Published Nov 21, 2018 01:05PM ET

Tech lunch: Tech recovers from semi slump

  • Another day, another Apple (NASDAQ:AAPL) supplier with cuts as Foxconn looks to slash $2.88B in costs including its iPhone unit. But Apple received some better news as an analyst sees the iPhone XR recovering in China unit sales.
  • Overall, the sector (NYSEARCA:XLK) is recovering and up 1.5%. The S&P 500 Index is up 1% and the Philadelphia Semiconductor Index is up 1.3%. The S&P 500 is up 1% and the Nasdaq gains 1.6%.
  • Tomorrow is a U.S. market holiday as Americans celebrate Thanksgiving. Trading resumes Friday for part of the day.
  • Broad tech ETFs: XLK, VGT, SOXL, FDN, SOXX, SMH, GGT, TECL, FTEC, USD, VOX-OLD, IYW, PSI, TDIV, ROM, XSD, QTEC, IYZ, IGV, RYT, SOXS, FNG, TECS, IGM, PSCT, FCOM, FXL, PBS, XNTK, XTL, REW, IGN, PSJ, SSG, PTF, PXQ, XSW, FTXL, LTL, JHMT, XWEB, XITK, XTH, XK, FNGD, FNGU
  • Previously: Apple assembler plans $2.88B in cuts (Nov. 21)
  • Previously: Rosenblatt sees iPhone XR recovery in China (Nov. 21)
  • Now read: Best And Worst Q4 2018: Consumer Cyclicals ETFs And Mutual Funds

Original article

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