Morning Market Report 3/29/2018

The KUIK Morning Market Report for Thursday, March 29:

Markets are mixed.

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Up

                    100

 points

          23,948

7:01 AM

S&P500

Up

0.2%

percent

           2,610

Nasdaq Composite

Down

-0.2%

percent

           6,938

           (1.50)

30 Year Treasury

Down

                       (2)

Basis Points

             3.00

Annual Yield

Today, IHS Markit issued its annual worldwide semiconductor industry data for 2017, showing that South Korea’s Samsung Electronics passed Intel as the No. 1 semiconductor supplier in the world, based on revenue. Samsung had year-over-year sales growth of 53.6% and its highest semiconductor revenue ever. That confirmed preliminary data issued in early January by market research firm Gartner, which showed that Intel was knocked off its perch as the top semiconductor supplier for the first time since 1992. IHS also said it was the first time in 25 years that Intel had not landed on the top of the chip heap. But both firms said that Samsung’s title is not as secure as Intel’s was when it first hit the top. Samsung’s 2017 gain is based on big price hikes for chips with volatile prices. More than two-thirds of semiconductor revenue growth for Samsung was from memory.

Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/intel-loses-chip-throne-after-25-years-but-samsung-lead-is-built-on-sand-2018-03-28

For today’s Morning Market Report click to listen->