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Good Things Come To Those Who Wait
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So I'll continue to wait on Xilinx, Inc. (XLNX). XLNX is part of a very strong semiconductor group ($DJUSSC) and it was one of my Top 15 stocks for 2020. I called it my "sleeper" as it was mired in a downtrend from the past 9 months or so. The longer-term chart, however, was much more bullish. Therefore, I wanted to see if last quarter's earnings would be the catalyst for the next big advance in XLNX
shares.
It wasn't. Earnings were reported last night and they did come in better then expected, but revenues fell short and next quarter's revenue guidance was cut. That's why XLNX has been largely ignored by Wall Street the past several months:
