If you've ever wondered how tough it is to invest in semiconductors, look no further than AMAT today, which reported a great quarter and fabulous guidance but the stock is down 5% on heavy volume. Of the roughly 20 companies that reported quarterly earnings between last night's close and this morning's open, I count six technology companies among the group; every one of those companies raised guidance but only three of those stocks are trading higher. Sixteen of the 20 companies (regardless of sector) either affirmed or raised guidance. Tough market. The bears have been right for so long that this action has me wondering if something lurks just around the corner, but it sure isn't related to corporate earnings.......
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