The RF to Light 100 rose 2.3% last week, YTD + 2.7% at 2525. The RF Semiconductor market segment jumped 7% in the first 2 weeks with double digit share price increases for Agere, LSI Logic, MEMC Electr. Materials, Atheros, Hittite, Anadigics and Maxim. Space & defense stocks did well lead by Harris (+11% YTD), Rockwell Collins (+6%) and Herley Microwave (+5%).
PIS (personal investment system:
Within 5 year Low: Maxim dropped out
Within 2 year Low: Bookham joined, Sycamore left.
Within 5 year High: Oplink, MEMC and Teledyne joined, ATC left.
Within 2 year High: ATC, Anadigics and Applied Materials joined.
In the News:
Strong earnings and economic reports buoyed the market favoring technology, energy and airline shares on Wall Street. The slide in oil prices hurt the energy sector but favored the broader market and could hold the key for further strength. 10-year Treasury bond jumped to 4.77% from 4.64% the previous week.
New Highs: AEIS, AGR, AMK, AMT, AV, COL, CMCSA, CSCO, DT, ERIC, HPQ, HRS, IFX, LMT, LVLT, MSFT, SI, SPEC, T, TWX, TYC.
New Lows: none
Market oversold indicator : up to 76%
Market overbought indicator: up to 57%
Top 5:
Last week: Amkor (+15%), Anadigics (+15%), Harmonic (+15%), Agere (+14%), LSI (+13%).
YTD : Amkor (+21%), Level 3 (+18%), Agere (16%), LSI (+15%), MEMC (+15%)
Bottom 5:
Last week: Bookham (-17%), Sprint (-10%), California Amp. (-9%), JDSU (-8%), Rogers (-7%)
YTD : Bookham (-18%), Motorola (-12%), California Amp. (-12%), Sprint (-9%), Rogers (-8%).
By Sectors:
Space & Defense : +3%, YTD +3%
Communic. Services: +2%, YTD +2%
Network Systems : +1%, YTD +3%
RF Semiconductors : +6%, YTD +7%
RF Components : +1%, YTD +1%
F/O Components : 0%, YTD +3%
Miscell. : +2%, YTD +2%