Top Picks for a Chip Rally

Chip stocks came roaring out of the gate at the start of January, with the PHLX Semiconductor Index (SOX) rising more than 20% in just seven weeks. The group has cooled off since topping out Feb. 27, but the index and many components have bounced off support levels that should yield even higher prices in the months ahead.

Although your instincts may tell you to take sector profits, it looks like the perfect time to add to existing positions or pick up new exposure in this unexpected 2012 market leader. However, careful stock selection will be more important now than in January because not all segments will participate equally in the next rally wave....540 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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