We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intel Corporation (INTC) - free report >>
QUALCOMM Incorporated (QCOM) - free report >>
Texas Instruments Incorporated (TXN) - free report >>
Advanced Micro Devices, Inc. (AMD) - free report >>
Image: Bigstock
Semiconductor ETF (XSD) Hits New 52-Week High
For investors seeking momentum, SPDR S&P Semiconductor ETF (XSD - Free Report) is probably on radar. The fund just hit a 52-week high and is up 82.7% from its 52-week low price of $68.95/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
XSD in Focus
This ETF offers exposure to the companies in the semiconductor industry. It is well diversified across components and has equal-weighted exposure. XSD charges 35 basis points in annual fees (see: all the Technology ETFs here).
Why the Move?
The semiconductor segment of the broad U.S. stock market has been an area to watch lately on solid earnings. A spate of better-than-expected reports from well-known players like Texas Instruments (TXN - Free Report) , Lam Research Corporation (LRCX - Free Report) , Intel (INTC - Free Report) , Qualcomm (QCOM - Free Report) and Advanced Micro Devices, Inc. (AMD - Free Report) has spread optimism in the sector.
More Gains Ahead?
Currently, XSD has a Zacks ETF Rank #1 (Strong Buy) with a High risk outlook, suggesting that the outperformance could continue in the months ahead. Further, many of the segments that make up this ETF have a strong Zacks Industry Rank, so there is definitely still some promise for those who want to ride on this surging ETF a little longer.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>