Salesforce (CRM) reports Street-beating Q2 >>> READ MORE

The 5 Most Vulnerable Stocks in the Market Right Now

The bears are showing just how uncommitted the bulls really are

      View All  

Stocks to Sell: Skyworks Solutions (SWKS)

Skyworks Solutions Inc (NASDAQ:SWKS) isn’t a household name, though it’s possible there’s something in your house that was partially manufactured by the semiconductor company.

It’s one of the component suppliers for the Apple Inc. (NASDAQ:AAPL) iPhone, and for better or worse, it’s linked to the success or failure of Apple. While Apple has been one of the year’s best performers so far, the likelihood that its next iPhone could be priced at an unmarketable $1000 (or more) could end up being viewed as a key liability.

Moreover, Apple “frenemy” Qualcomm, Inc. (NASDAQ:QCOM) recently filed a lawsuit against four of Apple’s iPhone manufacturers, alleging a breach of contract. While Skyworks Solutions wasn’t one of the four companies named in the suit, the fact that Apple’s legal woes are now spreading to its partners is anything but reassuring.

All of a sudden, the 40% gain SWKS mustered so far this year (until today’s correction) looks very vulnerable.

Next Page

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC