Semiconductor stocks are still safe to buy despite Intel warning, experts say $INTC $SMH $SOXX (via TradingNation)
pushing the sector more than 1% lower on Friday — the two analysts don't think the moves spell doom for the sector.
"There is some value down here on a pullback" in Intel, Bill Baruch, founder and president of Blue Line Futures, told CNBC'sBut for those not willing to risk buying Intel after its slide, Baruch suggested avoiding "the idiosyncratic risk" and instead buying into the, known on the Street as SOXX, which was above $210 before Monday's opening bell.
"There's a breakout there out above $200, and it's going to stay above there," Baruch said of the fund, which counts
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