Scalper1 News
Apple (AAPL) chip supplier Macom Technology (MTSI) is staging a breakout in the stock market today. But as the market sells off, can the chipmaker’s gain hold up? Macom Tech earns an IBD Composite Rating of 96 out of 99. On Monday, the company announced that it had acquired a diode business for $38 million. Macom says the acquisition will provide it with scale advantages and will boost earnings. Needham on Friday raised its earnings estimates for Scalper1 News
Scalper1 News