The RF to Light 100 dropped 0.3% last week, YTD + 9% at 2303.
In the News: US GDP rose to 5.3%, the dollar strenghtened and the 3-month libor moved up to 5.23% anticipating another Fed rate hike in June. Wall Street finished the week higher based on positive economic data. However, semiconductor shares did poorly. Emerging markets bear brunt of sell-off, hitting its peak last Monday when trading was halted in India after a 10% crash of the Mumbai's benchmark index.
Market oversold indicator : up to 62%
Market overbought indicator: up to 69%
Top 5 - last week: Comtech (15%), Sycamore (11%), JDSU (10%), Microsoft (6%), Teledyne (6%) - YTD : Sirenza (164%), Finisar (123%), Broadwing (96%), Amkor (69%), Atheros (65%)
Bottom 5 - last week: ATC (-13%), Conexant (-9%), Triquint (-9%), Bookham (-8%), Mindspeed (-7%) - YTD : HEI (-44%), Bookham (-32%), Juniper (-29%), Intel (-27%), Powerwave (-21%)
by market sectors:
Space & Defense : - 1%, YTD + 11%
Comm. Services : 0%, YTD + 12%
Network Systems : + 1%, YTD - 1%
RF Semiconductors: - 2%, YTD + 7%
RF Components : + 1%, YTD + 16%
F/O Components : + 3%, YTD + 24%
Miscell. : 0%, YTD + 8
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