6/11T9:31 Stocks in the News

Stocks in the News:


SWKS Skyworks: Channel checks continue to suggest strong demand for SWKS - Oppenheimer (10.81 )
Oppenheimer says channel checks continue to suggest strong demand for SWKS in the June quarter. Outside of strong demand and share gains from the usual suspects (RIMM, Samsung, LG and Nokia), the firm has learned of strong demand and share gains at Mediatek, potentially putting it close to the 10% of revenue threshold despite its recent mixed performance. Firm raises their estimates for the June quarter to $0.18 vs. consensus of $0.17. Firm also raises their tgt to $13 from $11.

Market Comments:

-The market sells off but is sitting on support now.
-The dollar rallies to recent highs on Fed jaw boning. I don't believe the Fed will be raising rates at the next meeting but the Futures markets are signaling a rise. I believe that it is absolutely absurd to think that the Fed could even consider raising rates during the continuous banking crises. Just look at the renewed weakness in the Financial sector, the Fed's hands are tied. Gold will go higher into the end of the year. Don't forget his is the weakest time of year for metal prices.

Stocks: A list of ideas that are holding up well and are exhibiting positive MACD histograms and good volume trends.

NSM- +EPS
MRVL - +EPS
MPWR - +EPS
ANAD - +EPS
SWKS
NETL + EPS
IPI
BIDU
RL
MVL