ETFs holding hot chip stocks are sizzling on a slew of takeover deals. But are these exchange traded funds right for your portfolio? On Monday, No. 1 firm Intel (INTC) said it plans to buy programmable chipmaker Altera (ALTR) for $16.7 billion. It's another sign of merger momentum: Avago's (AVGO) record $37 billion deal to buy Broadcom (BRCM) Thursday propelled semiconductor ETFs to new highs last week. Intel slipped 1.6% on stock market news of
Monday 1 June 2015
Now Altera Deal Fires Up Chip ETFs; Will Sizzle Fizzle?
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
ETFs holding hot chip stocks are sizzling on a slew of takeover deals. But are these exchange traded funds right for your portfolio? On Monday, No. 1 firm Intel (INTC) said it plans to buy programmable chipmaker Altera (ALTR) for $16.7 billion. It's another sign of merger momentum: Avago's (AVGO) record $37 billion deal to buy Broadcom (BRCM) Thursday propelled semiconductor ETFs to new highs last week. Intel slipped 1.6% on stock market news of
ETFs holding hot chip stocks are sizzling on a slew of takeover deals. But are these exchange traded funds right for your portfolio? On Monday, No. 1 firm Intel (INTC) said it plans to buy programmable chipmaker Altera (ALTR) for $16.7 billion. It's another sign of merger momentum: Avago's (AVGO) record $37 billion deal to buy Broadcom (BRCM) Thursday propelled semiconductor ETFs to new highs last week. Intel slipped 1.6% on stock market news of
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