Chips Take Off as Stock Market Digests New Highs: The Market Today


Major indexes are digesting moves to new record highs as a new month and quarter begin. Recent economic data has showed a strong recovery in business activity and employment. Investors are now waiting for quarterly results starting next week.

There’s also been a breakout in semiconductor stocks like Applied Materials (AMAT) amid shortages in microchips. Sarah discusses the trend with Chris Seifel of Seifel Capital, who’s been researching the industry. He breaks down key stocks to watch and details how the strong demand cycle may last longer than most analysts anticipate.

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David Russell is VP of Market Intelligence at TradeStation Group. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.