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Semiconductor ETF SOXX’s Worst Month Since 2002: 'A Significant Discount,' Ed Yardeni Says

Reviewed by ClearTape · Source: Benzinga

Key takeaways

The semiconductor sector is trading at a significant discount, making it an attractive buying opportunity.
21.2%
15.9
131%

What happened

The semiconductor sector experienced its worst month since 2002, with the iShares Semiconductor ETF (SOXX) closing July down 21.2%.

Why it matters

This sharp selloff in semiconductor stocks has prompted veteran Wall Street strategist Ed Yardeni to declare that tech is now 'on sale,' with semiconductor shares trading at a 'significant discount' to the broader market.

Short-term and longer-term

Short-term. The semiconductor sector is trading at a significant discount, making it an attractive buying opportunity.

Longer-term. The semiconductor sector is trading at a significant discount, making it an attractive buying opportunity.

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