Investing
Apple Suppliers Ramping on Apple's Blowout Earnings (AAPL, AVGO, BRCM, CRUS, NUAN, SWKS, TQNT, SNDK)
Published:
Apple Inc. (NASDAQ: AAPL) managed to blow away its earnings expectations last night and Apple shares are up 7.6% at $452.51 for an all-time high this morning. One trade that many investors try to do is to look in the Apple ecosphere of suppliers. It turns out that many of those companies are trading higher this morning riding the Apple coattails. Here are a handful of some of the reactions were are seeing:
Avago Technologies Limited (NASDAQ: AVGO) was up over 2% last night at $34.60.
Broadcom Corp. (NASDAQ: BRCM) is up 3.6% at $36.50.
Cirrus Logic, Inc. (NASDAQ: CRUS) was up over 7% last night at $23.45.
Nuance Communications, Inc. (NASDAQ: NUAN) was up 5.2% at $29.45 last night.
Skyworks Solutions, Inc. (NASDAQ: SWKS) was up 6% at $22.35 last night.
TriQuint Semiconductor Inc. (NASDAQ: TQNT) is up over 8% at $6.31 but that was on one thin volume trade.
SanDisk Corp. (NASDAQ: SNDK) was up almost 3% at $52.67 last night.
Not all of these will stay at the same price at the open and some of these may have news of their own.
JON C. OGG
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