Semiconductors Have Been On Fire

There is no doubt that the V-shaped recovery for stocks has been swift. You can see below the returns for many indices since the Christmas low. Possibly the most impressive is the +30.5% return for the PHLX Semiconductor Index:

Source: FactSet

For MAP, our focus is in identifying the leaders. The following 2 stocks have been showcased in our research continuously because the data suggested there was large demand for the shares. Since the 12/24/18 low, Xilinx, Inc. (XLNX) is +60.47% & Keysight Technologies Inc. (KEYS) is +55.6%. Bottom line, if you are going to out-perform a bullish market, one way to do it is by finding the leading stocks. Looking for unusual institutional activity in shares is one way to find the leaders of tomorrow.