Consumer semi stocks are ripe to short

H

hajimow

Consumer sentiment is dropping and with fiscal uncertainty (no matter we get a temp deal or not), should affect consumer semiconductor sector sales in the near future. Networking semi stocks might still do a little better like Altera and Xilinx. I expect the following stocks to underperform the market in january:
ADI, TXN, LLTC, INTC, AMD, NVDA, ...
If you want to short the ETF, you can do it by shorting SMH.
My highest convitcion stock to short in this sector is ADI.
 
I expect ADI to drop more today. Current price is 42.43 (Time 10:04). It has alreadydropped 0.58%). Lots of room to go down. Can easily go to $39 in a couple of weeks.
 
Good morning. It is Wednesday 9:46 AM.
SMH is up 0.88% and ADI just dipped below $42 (down 0.5%). Target is $39 in a month.
 
Yesterday TXN also had a lackluster result and the shares dropped AH. As I said networking semi stocks are still doing relatively good such as ALTR, CSCO, IBM, XLNX.

ADI will report on Mid Feb. I predict another lackluster result based on their last Q outlook for this quarter.
 
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