The U.S. delay on tech tariffs sparked a broad semiconductor rally, with the iShares Semiconductor ETF jumping 2.5%. Bank of America analyst Vivek Arya sees the 1-2 month tariff pause as incrementally positive for the industry, citing potential benefits for companies tied to AI and infrastructure.

The article discusses three undervalued stocks - Crocs, Academy Sports and Outdoors, and Universal Display - that underperformed the S&P 500 in 2024 but are expected to do well in 2025 due to their strong business fundamentals and growth prospects.

The article recommends three tech stocks to consider as investors rebalance their portfolios for 2025: AMD, IBM, and Universal Display. AMD is seen as a solid AI hardware investment, IBM's AI services are expected to see soaring demand, and Universal Display's OLED technology is finding more real-world use cases.

The Thin-Film Encapsulation (TFE) market is expected to grow rapidly, driven by the increasing demand for flexible and wearable electronics. The market is projected to reach USD 600 million by 2032, with a CAGR of 20% between 2024 and 2032. Advancements in OLED technology are also contributing to the growth of the TFE market.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Atlassian Corporation (NASDAQ:TEAM) from $200 to $225. Piper Sandler analyst Rob Owens upgraded the stock from Neutral to Overweight. Atlassian shares gained 2.4% to close at $182.57 on Tuesday. See how other analysts view this stock. Needham increased the price target for Universal Display Corporation (NASDAQ:OLED) from $198 to $242. Needham analyst James Ricchiuti maintained a Buy rating. Universal Display shares gained 2.1% to close at $212.98 on Tuesday. See how other analysts view this stock. Baird slashed First Solar, Inc. (NASDAQ:FSLR) price target from $344 to $307. Baird analyst Ben Kallo maintained an Outperform rating. First Solar shares fell 2.6% to close at $217.00 on Tuesday. See how other analysts view this stock. Keybanc boosted the price target ...Full story available on Benzinga.com

June closed on a high note for the stock market, with the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), gaining 3.2%, despite significant disparities in sector and industry performances. The technology sector, as tracked by the Technology Select Sector SPDR Fund (NYSE:XLK), led the 11 S&P 500 sectors in performance last month, surging 7.7% and achieving its strongest monthly gain this year. In stark contrast, utilities lagged, with the Utilities Select Sector SPDR Fund (NYSE:XLU) dropping 6.3%, marking the worst month since September 2023. Top Performing Industry ETFs In June The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) rallied 11.3% last month, topping the rankings among industry ETFs. Hot on its heels was the VanEck Semiconductor ETF (NYSE:SMH), which climbed 8.4%, showcasing strong momentum in the semiconductor sector. Since hitting its low ...Full story available on Benzinga.com

Growth stocks are experiencing a remarkable resurgence, posting their best month in over a year when compared to value stocks, as the rally in tech and mega caps continues to dominate market dynamics. The iShares Russell 1000 Growth ETF (NYSE:IWF) has surged by 6.5% so far in June 2024. This gain puts it on track for its seventh month of increases in the last eight. Investors have shown elevated confidence in growth-oriented sectors, particularly technology, which continues to benefit from strong earnings reports, heightened expectations for future cash flows and positive market sentiment, especially towards AI-related industries. In stark contrast, the iShares Russell 1000 Value ETF (NYSE:IWD), representing the other major equity style, has declined by 1.4% in June. This divergence highlights the challenges facing value stocks, which typically encompass sectors like financials, energy, utilities, and consumer staples. These sectors have struggled to attract investor interest due to their less impressive performance and subdued earnings expectations. The performance gap between growth and value in June 2024 stands at a striking 7.9 percentage points, marking the most substantial monthly performance difference since May 2023. ...Full story available on Benzinga.com

The semiconductor rally continues its unstoppable advance, fueled by the propulsion of artificial intelligence, with the U.S. chipmaking industry now soaring to a combined valuation of $6.3 trillion. The PHLX Semiconductor Sector Index, mirrored by the Invesco PHLX Semiconductor ETF (NYSE:SOXQ), is poised for a 6% gain this week, marking its strongest performance in two months and achieving record high levels. Since late October 2023, the index has surged by 78%, while the broader chip industry has seen an astonishing 169% increase from its October 2022 low. In stark contrast, the broader tech sector, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has risen by 39% from its October 2023 low and by 88% since October 2022. Nvidia’s Dominance ...Full story available on Benzinga.com

Is it a good or bad thing when a stock experiences a golden cross technical event?

Universal Display (OLED) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Examine Universal Display's (OLED) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

Universal Display (OLED) reports top-line growth year over year in the first quarter of 2024, driven by healthy demand for OLED displays across multiple market verticals.