High-Quality Names Hold Trend: AMAT, LRCX, CAT Show Resilience

jfsrevg
04-09

22 liquid leaders above key SMAs, closing strong with no signs of profit-taking today

$Linde PLC(LIN)$ – Specialty Chemicals

$Intel(INTC)$ – Semiconductors

$Marvell Technology(MRVL)$ – Semiconductors

$Analog Devices(ADI)$ – Semiconductors

$Texas Instruments(TXN)$ – Semiconductors

$Teradyne(TER)$ – Semiconductor Equipment

$Applied Materials(AMAT)$ – Semiconductor Equipment

$Lam Research(LRCX)$ – Semiconductor Equipment

$COHERENT(COHR)$ – Scientific Instruments

$SLB Ltd(SLB)$ – Oil & Gas Equipment

$Caterpillar(CAT)$ – Heavy Machinery

$Corning(GLW)$ – Electronic Components

$Vertiv Holdings LLC(VRT)$ – Electrical Equipment

$Merck(MRK)$ – Drug Manufacturers

$Wal-Mart(WMT)$ – Discount Stores

$Western Digital(WDC)$ – Computer Hardware

$Arista Networks(ANET)$ – Computer Hardware

$Cisco(CSCO)$ – Communication Equipment

$Lumentum(LITE)$ – Communication Equipment

$Ciena(CIEN)$ – Communication Equipment

$Nokia Oyj(NOK)$ – Communication Equipment

$Charles Schwab(SCHW)$ – Capital Markets

Optical Networking Rebounds Broadly — Can a Sector Rally Without Any News?
Optical networking rebounded hard Wednesday. Lumentum +9.59% to $919.40 led the S&P 500, with AXT +11.44%, Semtech +11.03%, Coherent about +6% and Marvell +3.61% to $229.71. Lumentum had no catalyst - no earnings, no guidance, no order, no rating change. Offered instead: the group had sold off hard, and co-packaged optics makes AXT a beneficiary. Neither explains the name that led. Corning, down 14% Monday, sat it out. The bull case is that AI data must cross the optical layer and capacity is tight. That was just as true last week, while these names fell. How much of this is demand?
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Comments

  • CHINNY168
    04-12
    CHINNY168

    Great article, would you like to share it?

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