3 Stocks to Swing Trade.

“Analyst Vivek Arya noted that there is likely to be a "soft-landing" for semiconductors, with the sector poised to benefit from themes such as reshoring, generative artificial intelligence and cloud computing and automation in the long-run.

"We assume a soft-landing (non-memory semi sales down [less than 5% year-over-year], also confirmed by recent Taiwan Semiconductor (TSM) results/outlook) as consumer chip inventory correction is completed by [the first-half] and as industrial/auto chip pricing remains resilient," Arya wrote in a note to clients.” Source: tradingview/seekingalpha

 

AMAT

Applied Materials, Inc. is a global leader in the development, manufacture, and sale of equipment, services, and software for the semiconductor, flat panel display, solar, and related industries. The company provides equipment and services to manufacturers of electronic devices, including semiconductors, flat-panel displays, and solar cells. Its products and services are used to make devices that store, process, and transmit information, and to generate, store, and distribute energy.

AMAT has formed an inverse head and shoulders pattern, which is a bullish reversal pattern.

Targets are explained in the video below.

 

AMD

 Advanced Micro Devices, Inc. (AMD) is a multinational semiconductor company that designs and manufactures microprocessors, graphics processing units (GPUs), and other computer and consumer electronics components. AMD's products are used in a wide range of devices, including personal computers, game consoles, servers, workstations, and embedded systems. The company also provides professional graphics and visualization products, as well as technology for data centers and the cloud. AMD's main products include processors, graphics cards, and chipsets for the PC and server markets, and embedded processors and semi-custom System-on-Chip (SoC) products for the gaming and professional markets.

AMD broke out of the channel and like to go higher based on the “soft-landing” news for the semiconductor companies.

 

 

MU

Micron Technology, Inc. (MU) is an American multinational corporation that specializes in the manufacture and marketing of memory and storage technologies. The company produces a wide range of memory and storage products such as DRAM, NAND, NOR flash memory, and SSDs (solid state drives). These memory and storage products are used in a wide range of devices and systems, including personal computers, servers, mobile devices, and consumer electronics. The company also provides memory solutions for various industries including automotive, industrial, networking, and telecommunications. Additionally, Micron offers memory and storage technologies, solutions and services for cloud, data center, embedded, mobile, automotive and consumer markets.

MU has is forming a Double Bottom pattern on the chart, which is a bullish reversal pattern. If the pattern is intact, MU is much likely to higher from here.

 

Here is the video on how to find the targets for the swing trade.