SOXX starting another leg higher
Report by Cerundolo Investment Research
After a 17% pullback from the March high the iShares Semiconductor ETF (SOXX) is emerging from a consolidation phase and about to start another bullish leg higher. Guy Cerundolo scored the constituents of the SOXX and found 53% of the stocks with a bullish multi-factor model score. His top five scoring stocks are: Nvidia, Broadcom, KLA Corp, Applied Materials and Monolithic Power Systems. A full listing and chart review of the constituents is available on request.
