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Semiconductor Index and Software
Software and semiconductor stocks are strong in the pre-market session, with Microsoft poised to press higher. In addition, speculation over whether INTC is considering a bid for Broadcom (AVGO) has both higher in early trading.
Cypress Semiconductor (CY), Marvell Technology (MRVL), Skyworks (SWKS), ASML Holding (ASML, Lam Research and Teradyne (TER) are active this morning as well, indicating we could see higher levels.
Watchlist Ranked by Performance
I’ve taken the liberty of ranking these stocks by focusing on Friday performance. Industrials are showing institutional footprints as well.
We also like the restaurant stocks. With Friday job numbers beating expectations, we assume the workforce will be spending some of that cash on dining out. Watch the consumer discretionary sector as well.
We’ll be LIVE at 9:20 AM to discuss the markets.
Good luck and Happy Trading,
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