Skyworks Solutions Inc (NASDAQ: SWKS) has pulled back from its 52-week high, creating an entry point for investors that believe in the mobile smart phone trend and the revolutionary tablet trend emphasized by Apple. Skyworks Solutions create the chips and components that are used to build iPhones, iPads, and BlackBerries.
"The sector has been beaten, and then beaten some more," Said Andy "Raw" Kibbens, co-CEO of The Markets Are Open, "But Skyworks has held in there, and that makes me bullish."
Skyworks Solutions fell 0.45% today and now trades at $20.08 per share. The stock hit a 52-week high of $21.42 at the end of September, but has since fallen over $1 amidst raised earnings guidance.
To read Kibbens' full report, click here.
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