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Stocks Rose Supported By Jump In Semiconductors

Rob Black Show

Looking for strategies to help you protect your portfolio in these uncertain times? Visit robblack.com. Robblack.com. Powered by EP Wealth. Stocks are higher this morning. With the S&P 500 up more than one-half of a percent at 75.25, the Dow Jones Industrial Average up one-quarter of a percent at 52,487, the NASDAQ up eight-tenths of one percent at 26,075.

Russell 2000 is up 1.2 percent at 2,993. As I look at the winners and losers on Wall Street, I'm seeing a lot of winners on the tech names that we do heavily on this show. Semiconductor names like Micron and SanDisk are up 7 to 9 percent. Apple's up fractionally at 314, close to its all-time high.

NVIDIA down two points and at $201.51. There's a lot of debate on are they done? Has their market cap become so big that it's going to be tough for them to continue to grow? And has competition come in even on the edges enough to lower their profit margins of almost 80 percent? When those margins start slipping back to 40 percent norms, there's going to be pain in the stock. But is that in the next six months to 12 months to 24 months is the question.

It's down the road. It's just how far down the road. We'll talk about that on the show on a regular basis. That's one of the things I pledge to do. You listen. I will show up and give you some market coverage. Today we're seeing semiconductors off to a strong start, pushing major averages higher. Mixed strength in the broader market has turned into more strength as the morning has gone on.

Stocks Rose Supported By Jump In Semiconductors

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Stocks Rose Supported By Jump In Semiconductors

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.