by David Aurelio.
In the cross hairs of recession fears and trade war talks, one economic indicator shows analyst optimism in 2020. Analysts expect YoY earnings for the Philadelphia SE Semiconductor Index (.SOX) to bottom in 19Q3 and the index to return to positive earnings and revenue growth in 20Q1.
One positive sign that this outlook could hold is foundry giant, and Apple Inc. (AAPL.O) supplier, Taiwan Semiconductor Manufacturing Co Ltd’s (2330.TW) return to positive YoY monthly sales in June of 2019. Today’s September 2019 sales release shows continuation of this trend, with growth of 7.6%.