Skyworks Is the Solution
Technology stocks have gotten crushed over the past four or five weeks and a quick look at the tech-heavy Nasdaq Composite is all the confirmation one needs. While the index is still up more than 14.5% year to date, it has fallen by more than 5% in the past month. We can attribute that to earnings pre-announcements and forecast cuts from the likes of Intel (INTC) and Hewlett-Packard (HPQ) due to weak PC demand, softer results from IBM (IBM), application delivery networking provider F5 Networks (FFIV), interconnect product supplier Mellanox Technologies (MLNX) and others.Nasdaq Source: StockCharts.com View Chart » View in New Window »
One area of tech that has held up from a fundamental perspective is mobile and its no secret that the structural shift from desktop computing to mobile computing in the form of smartphones and tablets will continue. Recent product introductions from Apple (AAPL) and Microsoft (MSFT) confirm this, as do a number of earnings reports we've received in the last several days....341 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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