The market started entertaining second thoughts about prospective legislation which, as it turns out, isn't the game-changer it was first assumed to be. Read More...
Benzinga
KeyBanc Sees Semiconductors’ Recessionary Fears Largely Priced In; Gives Out Top 5 Picks
KeyBanc analyst John Vinh’s quarterly semiconductor cycle analysis highlighted certain aspects. Firstly, he saw the current correction in the SOX essentially already appears to reflect risks associated with a recession, with the current 52% contraction in forward P/E multiples beating the 48% peak-trough observed during the 2008- 2009 recession. Secondly, the Q1 IC shipments remained strong, while the China lockdowns negatively impacted May shipments. Thirdly, aggregate supply chain inventories
