A handful of big companies made big moves Tuesday as several Apple (AAPL) chip suppliers and two pharmaceutical distributors hit new closing highs. Today’s Screen of the Day features Big Cap Leaders, generally top stocks with market values of at least $15 billion priced at 15 or higher. Avago Technologies (AVGO) ended the day at 113.18. Analysts expect the Singapore-based firm to announce its biggest earnings growth in four years when it reports
Avago Technologies (AVGO) is expected to report its biggest year-over-year earnings growth in four years, and biggest revenue growth in more than four years, when it posts its fiscal Q1 results after the close Wednesday. Avago could get a boost from its role as an Apple (AAPL) supplier. “Based on our analysis and monthly survey work, we believe very strong Apple iPhone sales with Avago’s leading radio-frequency dollar content should drive strong”
Semiconductor companies comprise half of IBD’s current top 10 stocks, powered by Apple’s (AAPL) iPhone or GoPro’s action camera. Avago Technologies (AVGO), NXP Semiconductors (NXPI) and Skyworks Solutions (SWKS) all benefit from strong smartphone sales, Pacific Crest Securities analyst John Vinh said in a research report Monday. “Our monthly carrier surveys indicate that December smartphone sell-through was largely in line with store expectations,