Three Chipmakers to Watch in 2013
Don't look now, but the Philadelphia Semiconductor Index (SOX) is starting to show signs of life. Since Nov. 16, after a 15% pullback between September and October, it's gained 6.5%. After a 1.4% gain last week, the SOX is back above its 50-day simple moving average, meaning a trip to its 200-day SMA -- around 390 -- is now in play.
Last week, Broadcom (BRCM) fueled positive sentiment in the chip space after the company raised its fourth-quarter earnings guidance Thursday, citing upside in mobile and wireless. Investors also like news that it will supply sample chips to customers supporting long-term evolution (LTE), a wireless technology being adopted by wireless providers around the world....622 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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