Time To Buy The Chip Dip?
| Using Kensho technology, CNBC will surface research and analytic insights designed to create actionable, historical content around market moving events. LET THE CHIPS FALL WHERE THEY MAY...
The Semiconductor stocks have been caught in the trade war crossfire – the majority of these companies have considerably high revenue exposure to China. The challenging environment for these names has caused the VanEck Vectors Semiconductor ETF, the SMH, to tumble over 9 percent in the past month.
After similar drops, the group tends to rebound a bit, with the ETF recouping nearly 3 percent a month later. The top components in that period: Cree, MACOM Technology and Xilinx.  GROWING ITS NETWORK
Shares of Cisco Systems rose after the company reported better-than-expected earnings for the third quarter of its 2019 fiscal year. The networking company's sales grew 4 percent during the quarter - and its revenue guidance for the fiscal year also topped expectations. In response, the stock jumped over 6 percent on Thursday.
Since 2010, the stock has only had gains of 6 percent or more in a single trading day on 6 other occasions. Following those moves higher, the bullish trend tends to continue, with the stock adding another 2.5 percent the following month. The Technology Select Sector SPDR ETF, the XLK, also tends to benefit – its shares gaining over 3 percent in that period. 
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