3 Semiconductor ETFs in Focus as Intel Slashes Outlook
Jarred Cummans submits:
In a period of economic instability, like we have seen for the majority of this year, consumer spending is usually low. The low buying power that consumers hold during uncertain times wreaks havoc on a slew of companies whose profit relies on the consumer’s willingness to buy. So it came as a bit of a surprise last quarter when Intel reported stellar earnings, sending semiconductor funds soaring. Amid what appeared to be low spending habits, Intel generated a healthy profit. It seemed that the tech industry was on the road to recovery, but that may have just been the eye of the storm, as new information from Intel (INTC) points to a foggy future for the semiconductor industry [see also ETFs To Play A U.S. Export Boom].
