MARKET COMPOSITE
Chip Equipment Stocks19-00-2024 20:00:00 PM
Price
$156.49
-2.74%
The list of companies include KLAC-KLA Corp., AMAT-Applied Materials Inc., LRCX-Lam Research Corp.
* Latest intraday update before market close @ 19:45:35 PM 04/19/2024
Summary
:
Average return is down -2.8%
Median return is down -2.6%
0 out of 5 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
ASML -3.3%TSM -3.3%AMAT -2.6%KLAC -2.6%LRCX -2.0%

Aggregated price index with volume information

Summary:

  • Chip Equipment stocks down 2.7% on average while median return down 2.5% in a day
  • Chip Equipment stocks down 9.3% on average while median return down 9.1% in a week
  • Chip Equipment stocks down 7.0% on average while median return down 8.3% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
LRCX-2.1%
-9.1%
-8.3%
33.660.7716.276.5886%114.1B2%86%34/\/At resistance2200.3%
AMAT-2.3%
-8.7%
-7.5%
22.320.8410.506.6227%157.7B1%83%36/\/Above resistance2200.3%
KLAC-2.5%
-7.7%
-9.7%
31.891.2914.997.23623%84.9B2%91%35/\/2200.3%
ASML-3.3%
-10.6%
-11.5%
39.091.4520.4517.32241%343.5B19%33/-/Below support860.7%
TSM-3.5%
-10.4%
-6.6%
23.911.890.310.4319%662.4B18%34/\-/Above resistance2200.2%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are
  • 1M losers are : Losers for past month are $KLAC -9.7%, $ASML -11.5%
  • 1W winners are : Winners for past week are
  • 1W losers are : Losers for past week are $TSM -10.4%, $ASML -10.6%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 83.0%, for the past 3 months is 73.9%

In the past month for a 5 days rolling window, the highest corrrelation is 95.0%, the lowest correlation is 8.2%, the latest correlation is 67.7%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 96.4% between AMAT and LRCX

The lowest correlation is 61.8% between ASML and TSM

Stock news

    Shares of Super Micro Computer (SMCI) fell sharply Friday after the company opted not to pre-announce its first-quarter results. This development comes as the semiconductor sector undergoes a sector-wide correction. Bernstein Managing Director and Senior Analyst Stacy Rasgon joins Market Domination to provide insights into this situation. Rasgon acknowledges that while the chip sector is undergoing a correction, "outside of AI" the industry has not been performing well. He notes that other segme...

    The broader market has been in flux with the tech-heavy S&P 500 (^GSPC) down for the last trading week. Recent geopolitical tensions in the Middle East haven't been the sole detractor from 2024's market momentum. One of the leaders in the S&P is chip-making powerhouse Nvidia (NVDA) which is down 15% over the past month. Is the rally for Big Tech players over or just on a pause? F/m Investments President and Chief Investment Officer Alex Morris joins Market Domination to discuss the chip sector a...

    The broader Philadelphia Stock Exchange Semiconductor Index entered a correction phase, declining more than 10% from its record high in March. Will the fortunes rebound with some well-known players in the space expected to report earnings in the coming weeks?

    U.S. stocks were mostly lower as chip stocks extended recent declines and data showed home sales slowed in March.

    Intel said on Thursday it had become the first company to assemble one of Dutch tech group ASML's new "High NA EUV" lithography tools, an important part of the U.S. computer chip maker's drive to outshine rivals. Intel was the first company to buy one of the 350 million euro ($373 million) machines made by top chip equipment supplier ASML. "We agreed to the pricing when we committed to the tools and we would not have done that if we were not confident there were cost-effective uses for it," In...

    Nvidia shares were rising on Thursday. Positive news about demand for artificial-intelligence chips from Taiwan Semiconductor Manufacturing was helping. Nvidia shares were up by 1.7% at $855.24, recovering from a brief loss that came as the market opened.

    The semiconductor industry has come under significant pressure in recent months, with chip stocks such as Nvidia (NVDA) and the broader Philadelphia Stock Exchange Semiconductor Index (^SOX) declining more than 10% from their record highs. This selloff has pushed the overall chip sector into correction territory. The downturn in chip stocks comes from growing concerns about the long-term demand outlook for semiconductors. Yahoo Finance's Seana Smith and Madison Mills breaks down the details. For...

    Tech companies were struggling for direction early Thursday as the Nasdaq Composite Index tried once again to snap its losing streak.

    TSMC, the world’s biggest contract chip maker, is reshaping its business to respond to booming AI-related demand, but capacity is “still not enough.”

    Micron (MU) is reportedly to receive more than $6 million in chip grants under the 2022 Chips and Science Act for establishing factories in the United States.