At first, there was no demand; now there is too much demand.
This is why you just have to love the stock market.
The result: Apple’s stock recently surged over 2 percent on October 30 hitting a new all-time high.
Apple suppliers got a boost, too.
Unfortunately, in my opinion, this is what makes investing so hard, rumors fly around, and stocks move on a whim.
That said, until this report is verified by the company, it is just a tale.
Just look at some of the volatility in these stocks over the past few weeks.
Skyworks is now basically kissing it’s all-time and likely to break out in my opinion. It is due to report results on November 3, after Apple.
I think Broadcom is in the same boat as Skyworks, and the chart looks pretty much the same, recently.
Broadcom likely won’t report till sometime in December.
- Mott Capital Management uses a long-term thematic growth approach to investing in equities. We search for investments that both reflect and help to shape generational and demographic shifts. Mott uses a philosophy of buying these companies for a 3- to 5-year time horizon, with the belief that a long-term holding period gives themes and our chosen companies a chance to fully develop. In our view, the long time horizon also serves to mitigate the risk associated with the short-term impact of market volatility.