Posted 1/10/2024, 5:22:00 AM
Semiconductors and Cybersecurity Lead October Market Recovery, Poised to Outperform Again
- Semiconductors and cybersecurity sectors led the market recovery in October, and appear to be regaining momentum to lead again
- NVIDIA (NVDA), Marvell (MRVL), and Advanced Micro Devices (AMD) broke out in semiconductors on high volume
- CrowdStrike (CRWD), Zscaler (ZS), and Datadog (DDOG) showing signs of strength in cybersecurity
- Ratios of semiconductor (SMH) and cybersecurity (HACK) ETFs vs S&P 500 breaking out, signaling continued outperformance
- After December pullback, risk-reward attractive to gain exposure to these leading sectors