We scored and ranked the 30 components of the SOXX and find 70% with a negative multi-factor model score.
Some names where we see downside potential include Intel (INTC), Skyworks (SKWS), Applied Materials (AMAT), and Broadcom (AVGO).
Below is a chart of the Semiconductors Sector ETF (SOXX) as well as the stocks listed above.
Twitter: @GuyCerundolo
The author or his firm have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
