MRB on CNBC – June 1, 2019
Salvatore Ruscitti, U.S. equity strategist at MRB Partners, notes investors should remain cautious on semiconductors given their high exposure to China.
“Chip stocks will remain vulnerable until U.S./China trade negotiations improve. We recommend staying on the sidelines with a neutral stance,” he wrote in a note Thursday. “A further significant escalation in the U.S./China trade dispute that restricts access to the fast-growing Chinese market would represent a significant threat to the longer-term prospects of the semiconductor industry and warrant a downgrade of the sub-group to underweight.”