CNBC: These 3 Stocks Are Tied To Apple's Performance

There is little doubt that Apple Inc. AAPL and its stock is in a trading rut having ended Monday's session in the red for the 8th straight day. "America's one-time favorite stock is perhaps long overdue for a comeback," CNBC's Dom Chu said in a video posted on CNBC Pro. "If there is a rebound, not just shares of Apple will benefit." Chu continued that certain technology stocks have their "fate tied to Apple and will rally as well." Using historical data, Chu examined what happened when shares of Apple rose 5 percent in 1-month over the course of the last 5 years. Chu noted that when Apple's stock gained 5 percent, shares of Skyworks Solutions Inc SWKS rose on average 7.79 percent. Shares of NXP Semiconductors NV NXPI rose on average 6.20 percent while shares of NVIDIA Corporation NVDA gained an average of 5.57 percent. All 3 companies are component manufacturers that make up key roles in Apple's supply chain. "If you think the pain for Apple is over, these stocks could be a winning trade," Chu concluded. Shares of Apple were trading higher by more than 2 percent Tuesday afternoon.