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Market Talk: Soaring chip stocks 'can go even higher from here'
Reuters Videos141d agobullishVIDEO
Market Talk: Soaring chip stocks 'can go even higher from here'

<body><p>STORY: :: Lisa Bernhard, Reuters</p><p>:: Ross Mayfield, Investment Strategist, Baird</p><p>The S&P 500 and the Nasdaq rallied to record highs on Friday, boosted by gains in semiconductor stocks, while a stronger-than-expected jobs report pointed to labor market resilience.</p><p>Speaking with Reuters' Lisa Bernhard, Mayfield said that with April's nonfarm payrolls data "building on last month's strong report... you start to feel like maybe the labor market is turning a corner."</p><p>Meanwhile, shares of Intel joined the chip rally late Friday, soaring as high as 19%, after the Wall Street Journal reported on Friday that the company had reached a preliminary deal to make some chips for Apple devices.</p><p>"I certainly wouldn't want to stand in front of this momentum-driven sector," Mayfield said of the recent chip rally. "In my mind, it can't be a bubble if earnings are keeping up with price."</p></body>

Investing.com141d agoneutral
Investing.com’s stocks of the week

Investing.com -- Wall Street has risen to new record highs on Friday, bouncing back from losses in the prior session, boosted by a jump in chip stocks and a stronger-than-expected April U.S. jobs report.

Qualcomm Just Ripped 70% in a Month. Is It Time to Sell in May and Go Away?
24/7 Wall St.141d agobearish
Qualcomm Just Ripped 70% in a Month. Is It Time to Sell in May and Go Away?

Shares of Qualcomm (NASDAQ:QCOM) are heading higher Friday, trading at around $215 intraday and up roughly 6% on the session. The move caps a parabolic stretch that has put QCOM stock up 70% over the past month. That kind of vertical move on a $200 billion-plus mega-cap is rare. It’s also forcing investors to ask ... Qualcomm Just Ripped 70% in a Month. Is It Time to Sell in May and Go Away?

Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away?
24/7 Wall St.141d agobearish
Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away?

Shares of Intel (NASDAQ:INTC) are ripping higher again in Friday afternoon trading, with the stock changing hands near $125, up roughly 14% on the session. The move caps a stunning month for the chipmaker. INTC stock is now up approximately 116% over the past month with today’s intraday gain factored in. Through Thursday’s close, Intel ... Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away?

Why It May Be Time To Take Profits In Intel And Other Technology Stocks
Investor's Business Daily141d agoneutral
Why It May Be Time To Take Profits In Intel And Other Technology Stocks

The technology sector is leading the stock market this year, and for some of the best-performing tech stocks, it may be time to take profits. The IBD Smart NYSE + Nasdaq Tables show the tech sector's dominance, with the Computer, Chips, and Electronics sectors up 53% to 141% year to date. Many technology stocks have already climbed 20% or more from their most recent buy points.