The Traderszone Network

Published in TZ Latest News 6 May, 2014 by The TZ Newswire Staff

Chip Stocks, Oil And Gas Names Dominate New High List

A rough session for the market Tuesday didn’t stop several semiconductor stocks and oil and gas names from scoring new highs. Chip designer Avago Technologies (AVGO) jumped 3.09, or 5%, to 67.34 on news it’s being added to the S&P 500. It’s replacing LSI Logic (LSI), a company it’s buying. The acquisition gives Avago new exposure to the enterprise-storage and storage-chip market.

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