got a little out of hand last year, surging to new highs despite a minor earnings
recession in the sector. However, the dividend yield has continued to improve over that period, and the outlook for the sector has fundamentally improved in 2020. According to FactSet, "At the industry level, the Semiconductors & Semiconductor Equipment industry has the highest number of companies issuing positive EPS
guidance," with eight companies having issued guidance above Street expectations. That means that despite the fairly high multiple at which the sector trades, positive sentiment is only increasing early in the year. It's worth buying a small stake in this ahead of the scheduled signing of a Phase 1 trade deal Wednesday, and a larger stake if and when the price dips to any significant degree.