Your Next Significant Fortune

Last week I was pointing out that the Financial Times reckons semiconductor shares are cheap and next year could be a good opportunity for each of us to make our next significant fortune by buying at the bottom of the market.

 

The FT acutely observed: “The darkest hours for chipmakers have tended to be the best moment to buy their shares. That could come early next year, since inventory levels were not that high going into this downturn.”

 

Yesterday, CNN took up the refrain:  

 

“Analysts said Thursday semiconductor companies are likely to remain weak into the new year as the sector continues to reel from weakening demand,” said CNNMoney.

 

CNN quoted analyst Adam Benjamin of Jefferies & Co. who said investors should wait until February at least before building significant positions in the sector, “given our expectation for a weaker-than-expected March guidance and our expectation that the earliest we will hear any positive data points out of the semi supply chain will be the week of February 16th after the Chinese New Year shutdowns.”

 

‘Benjamin said investors should begin building positions in the semiconductor sector in early February’, reported CNN.

 

 

 

 

Tags: expectation, investors, supply chain

Related Tech News

Share your knowledge - Leave a comment