Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of semiconductor equipment company Cymer
So what: Equipment makers all over the industry are higher today, following Intel's announcement that it planned to spend around $9 billion on capital equipment this year. Stifel Nicolaus analyst Patrick Ho may have helped by pointing to Cymer and ASML Holdings
Now what: Today's move is really a tide that lifts all boats, and it's less about anything specific from Cymer. That said, the company has been posting positive earnings surprises for the past year; as Intel ramps up spending, those solid results should continue. Long-term, I think this is a very bullish move, but I don't want to get caught up in the hype by buying at a high point today. Instead, I'll wait and hope for a better entry point next week.
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