Today’s Research Reports on Trending Tickers: Qorvo and Skyworks Solutions
U.S. markets saw a mixed Monday as health-care and consumer-staples stocks slumped, dragging down the Dow Jones and S&P 500, while the technology sector extended gains in early trading Monday lifting the Nasdaq to a new intra-day record. The Dow Jones Industrial Average declined 0.36 percent to close at 23,348.74, while the S&P 500 Index fell 0.32 percent to close at 2,572.83. The Nasdaq Composite Index hit a high of 6,727.39 before settling to close at 6,698.96, a decrease of 0.03 percent. Corporate earnings remain a key focus for investors. As of Friday, more than 50 percent of the S&P 500 Index has reported earnings, with 76 percent of them topping estimates on the bottom line and 67 percent of them topping sales expectations, according to FactSet.
RDI Initiates Coverage on:
Skyworks Solutions Inc.
Qorvo Inc.’s stock moved 3.43% higher Monday, to close the day at $76.25. The stock recorded a trading volume of 1,620,329 shares, which was above its three months average volume of 1,062,690 shares. In the last year, Qorvo Inc.’s shares have traded in a range of 48.28 – 79.34. The share price has gained 57.93% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $71.78 is greater than its 200-day moving average of $70.85. Shares of Qorvo have gained approximately 44.6 percent year-to-date.
Access RDI’s Qorvo Inc. Research Report at:
On Monday, shares in Skyworks Solutions Inc. recorded a trading volume of 2,815,192 shares, which was above the three months average volume of 1,484,230 shares. The stock ended the day 3.79% higher at 112.00. The share price has gained 56.32% from its 52 week low with a 52 week trading range of 71.65 – 112.30.The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $104.76 is greater than its 200-day moving average of $103.58. Shares of Skyworks Solutions Inc. are trading at a Price to Earnings ratio of 21.50. Shares of Skyworks Solutions have gained approximately 50.01 percent year-to-date.
Access RDI’s Skyworks Solutions Inc. Research Report at:
Our Actionable Research on Qorvo Inc. (NASDAQ:QRVO) and Skyworks Solutions Inc. (NASDAQ:SWKS) can be downloaded free of charge at Research Driven Investing.
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