URGENT: These 3 Breakout Semi Stocks Are Screaming Buys

I’m not gonna say I told you so…

But reports of tech stocks’ death were greatly exaggerated.

After taking a much needed breather in March, the Nasdaq 100 is up 5% in the last five days.

And this week…

My breakout stock scanner spit out a handful of screaming buys from the most explosive group of all tech stocks: semiconductors.

Chip stocks are up 42% in the last six months — more than double than tech stocks over the same period.

No surprise here…

These shares are SOARING as Americans spend their trillions in stimulus cash on new tech toys.

It’s time to make friends with this trend!

Today, I highlight three breakout semi stocks that could each net you a fast, double-digit profit.

Click the image below to get started.

Or if you’d prefer, read on below for the transcript of today’s video.

Video Transcript:

Hey there, it’s J-Rod here for Rich Retirement TV. And today I’m going to show you three of my favorite breakout semiconductor stocks.

But before I do, I just need to highlight that tech stocks are rebounding spectacularly.

Just when you thought they were down, they presented you with a come-from-behind victory.

And this shouldn’t come as a surprise.

Tech stocks have been the leader of the last 10 years easily. And I believe they’ll be the leader for the next 10 years — as long as tech companies are innovating and making things easier for us to do.

I believe we’re going to continue to see a great surge in these names, particularly in semiconductor stocks, which are really breaking out.

When I ran my screener this week, the breakouts I saw were incredible.

But before we get to that, first I want to show you this chart here.

Tech’s been the whipping boy of the stock market for some time. But when you take a look here at the Nasdaq, it’s up 18% over the last six months.

And semiconductors specifically are leading the charge, since they’re a driving force behind almost every tech device.

We’re looking here at SOXX, the ETF that tracks semiconductors. It has blown away the Nasdaq, by three times here — 42% versus 18% for the Nasdaq.

And even though we’ve seen a pullback, you take a look here and we are back to back to rip-roaring highs first for semis.

So let’s take a look at three of these exciting names right now.

Breakout Semi Stock #1: Avnet Inc. (AVT)

The first name on my list today is Avnet Inc. (AVT), a distributor of semiconductor supplies.

If you’re making semiconductor equipment, AVT is one of the companies supplying the things for you. And AVT is just exploding here.

Take a look just in the last couple of days, we see an explosive move here at about $42, which has been a resistance level for the stock after a nice consolidation holding at the 50-day moving average.

I see AVT easily moving to $50 or $60.

Let’s zoom in just a little bit here, and you’ve got an even longer-term breakout — and that’s worth noting.

Again, you take a look at moving averages, I love when a stock takes over the averages. And we’ve got a big breakout here above the 200-week moving average.

I think there’s a lot of room here for the stock to reclaim its five-year high, just under $50.

So that’s stock number one. Let’s take a look at stock number two.

Breakout Semi Stock #2: Onto Innovation Inc. (ONTO)

Onto Innovation Inc. (ONTO) is another semiconductor-related name. These guys make semiconductor testing equipment for very specialized types of chips.

They also make equipment that goes in and finds defects, which helps you identify any kind of problems with your chips.

This is another name just like AVT that’s exploding right now. The stock has more than doubled in the last six to eight months.

And it’s broken out huge here above $67.50, which has been an area of near-term resistance.

Just like AVT, you see a pullback here in February and March. But ONTO has held very strong at the 50-day moving average.

I see this range here between $67.50 and $55 a share, which gives you a $12.50 range. So that puts you at a price target of $80 bucks.

That’s more than 20% upside from where the stock is trading now.

Breakout Semi Stock #3: CMC Materials Inc. (CCMP)

Last on my list for today is CMC Materials Inc. (CCMP). This one’s a little bit more expensive than the other two socks that we just looked at.

But the breakout is just beautiful. I’d be remiss not to put it in front of you here.

You’ve got the stock moving in a sideways pattern compared to the other two stocks that we’ve looked at.

But through much of the time, it has held at the 200-day moving average over the last year or so.

Over the last couple of days, it exploded here above $180. That’s been the area that the stock had real trouble getting past in 2021 alone.

Here on April 1, the stock blasted through here 6% at four straight updates for the stock.

Volume hasn’t been explosive like some of the other breakouts we’ve seen. But I like here the force of the move and the momentum that we’ve seen ahead of the move.

And then after the move, you’ve got a roughly $50 range here between $180 and $130, where the stock has been trading for much of the last six months.

You throw that on top of the $180 breakout, and that gives you $230 here easily. We could see that momentum push this stock even higher. $250 is not out of the question for this name

CCMP is another company like AVT that supplies chipmakers with supplies. And that supply has been tight thanks to the pandemic.

But as the world is reopening and trade is resuming on a higher level, the supplies that tech companies need to get their products to market are opening back up.

So these three names are all going to take advantage of this momentum as key names related to the semiconductor space.

If you’re looking for the rebound rally stocks, look no further than these three names.

Thank you so much for watching today’s video. Again, I’m J-Rod for Rich Retirement TV. I’ll see you next time.

On the hunt,

Jonathan Rodriguez

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Jonathan Rodriguez