20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Shares of Skyworks (NASDAQ: SWKS) are ticking higher following strong quarterly results and even better guidance.
D.A. Davidson analyst Thomas Diffely boosted his price target on the stock to $65.00 and reiterated a Buy rating.
Explaining strength in Skywork’s business, Diffely wrote, “The core PA business is ramping due to Apple’s (AAPL - $93.09) upcoming iPhone 6 launch, ongoing 4G LTE buildout in China and even 3G upgrade cycles in some emerging economies… The Integrated Mobile business is benefiting from broad-based content gains and rising device complexity, and the ongoing adoption of 802.11ac. Finally, the proliferation of connectivity (Internet of Things - IoT) continues to drive the high margin Broad Markets segment.”
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Diffely now thinks that the robust strength in Skywork’s business will allow the company to earn an annual $5.00 per share in the next couple years.
The $65 price target is based on 15 times 2015 earnings plus net cash.
Shares of Skyworks were last trading at $50.22, up 8.39 percent.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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