The Internet of Things is a $19 trillion opportunity,according to former Cisco Systems CEO John Chambers. That figure may be overstating it, but the IoT does present one of the most significant investment opportunities of our times.
Category: Skyworks Solutions
How Skyworks Solutions Inc Is Growing Beyond Apple
A first quarter earnings beat and a stronger outlook for the ongoing quarter sent its stock soaring to new 52-week highs, as it rose over 13% in a single day. For the fiscal second quarter, Skyworks believes that its revenue will grow 8% year-over-year to $840 million, exceeding the consensus forecast of $818 million, while earnings of $1.40 per share should significantly outpace analyst estimates of $1.24 per share.
Better Buy: Skyworks Solutions Inc. vs. Infinera
Investing in the tech sector can be tricky. Competition tends to be fierce, which makes it difficult to stay one step ahead.
What Happened in the Stock Market Today
Financial stocks remained popular on a day that saw a new administration take over the executive branch, and that kept the Financial Sector Select SPDR ETF among the most heavily traded exchange-traded funds. Meanwhile, gold price volatility swung in the positive direction for owners of the Direxion Daily Gold Miners Bull 3X ETF Procter & Gamble shares gained 3% following the release of surprisingly strong quarterly earnings results.
Friday’s ETF Movers: SOXX, XBI
In trading on Friday, the iShares PHLX Semiconductor ETF is outperforming other ETFs, up about 1.5% on the day. Components of that ETF showing particular strength include shares of Skyworks Solutions , up about 12.9% and shares of Cirrus Logic , up about 5.4% on the day.