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Investing

Apple Suppliers Ramping on Apple’s Blowout Earnings (AAPL, AVGO, BRCM, CRUS, NUAN, SWKS, TQNT, SNDK)

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By Jon C. Ogg 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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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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