As the war in Iran triggered widespread macroeconomic uncertainty, stocks like Sandisk, Lumentum, and Dow rose anyway.
Source: https://www.barrons.com/articles/best-and-worst-s-p-500-stoc…
State Street SPDR S&P Semiconductor ETF remains a buy, supported by strong momentum and a favorable technical setup. XSD outperformed the S&P 500 by 15 percentage points since July, with a 26% total return and a reasonable 25.1x P/E ratio. The ETF’s modified equal-weight structure limits single-stock risk, with top 10 holdings at just 29.3% and a focus on US SMID caps.
Energy Transfer is seeing strong growth projects spring from increasing power demand coming from AI data centers. Western Midstream is making a big push into the produced water business.
Carnival is at levels last seen before the pandemic recession. Other stocks at new highs include TD Synnex, Gates International, and Belden.
