According to the Semiconductor Industry Association, worldwide chip sales increased by 8.1%, reaching 19.7 billion. The overall market growth rate continues to run slightly ahead of the SIA forecast issues last November-- which projected growth of 7.9% (for all of 2006). The SIA will provide an update to its outlook for the chip market in 2006 on June 7.
Jack, Thank you for your commentary. While there isn't any feedback here on the thread, I do enjoy reading the insightful views you have on the companies and conditions you've discussed. Neil
The numbers for the month of May came in at 75,000 compared to the expected 175,000, the weakest gain since hurricane-depressed October. However, the unemployment rate slipped to a five-year low of 4.6 percent, the Labor Department said on Friday.
The hourly is very weak due to the general market sell-off. A short opportunity will present itself today for a scalp trade.
TSO is on fire this morning...If oil remains strong for the upcoming week, the stock would challenge the 73.20 resistance.