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Stocks in SOX: Sector Rotation Shifts to Chips

Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.

Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number are projected to move higher by that percentage over the next 12 months.

Analysis of the Philadelphia Semiconductor Index

Looking at the overvalued/undervalued data, 17 members of SOX are undervalued and eight are overvalued. Only three stocks in the SOX are Buy rated, and these are the semiconductor stocks I will focus on today.

A huge warning for the index this morning is the fact that 11 components have been downgraded this morning to Hold from Buy according to ValuEngine. When you look at the ratings in the table the stocks that were downgraded have their 3-Engine rating highlighted in Red.

Seventeen SOX members traded higher over the past 12 months, while eight have declined. Four stocks are projected to decline over the next 12 months, but the best upside potential is for Intel, projected to gain 6.8% over the next 12 months. SOX stocks are not cheap on a P/E basis as thirteen have ratios above 15.0.

Here are profiles for the three semiconductor stocks in the SOX that are Buy rated according to ValuEngine.

Intel Corp (INTC - Get Report) ($26.31): Closed above its 200-day simple moving average at $26.10 on Friday. My semiannual value level is $21.14 with a weekly pivot at $26.11 and monthly risky level at $27.97. This stock was added to my ValuTrader Model Portfolio on at $24.75 on July 12.

Marvel Technology (MRVL - Get Report) ($11.12): Is a laggard in the SOX trading below its 50-day and 200-day simple moving averages at $11.44 and $13.93. My semi annual value level is $10.02 with monthly and quarterly risky levels at $12.87 and $13.80. This stock was added to my ValuTrader Model Portfolio ValuEngine.comat $11.30 on June 25.

Taiwan Semiconductor (TSM - Get Report) ($14.24): Closes have been above its 200-day simple moving average at $13.86 since July 31. My semiannual and annual value levels are $12.58 and $11.32 with a semiannual pivot at $13.91, and monthly and quarterly risky levels at $15.52 and $15.80.
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INTC $34.46 0.00%
MRVL $8.74 0.00%
SOXX $90.63 0.00%
TSM $22.45 0.00%
AAPL $117.81 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

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