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Semis, Apple suppliers face tough reports - KeyBanc

Published 01/16/2019, 01:24 PM
Updated 01/16/2019, 01:24 PM
© Reuters.  Semis, Apple suppliers face tough reports - KeyBanc
  • KeyBanc says chip companies will likely have a tough earnings season with ON Semi (ON +0.1%), Cypress Semi (CY +0.7%), Microchip (MCHP +0.5%), NXP Semi (NXP +0.1%), and Texas Instruments (TXN -0.2%) facing the most pressure.
  • Key quote: "With lead times beginning to ease and inventory levels higher, we anticipate a cyclical correction should result in below-seasonal outlooks."
  • Apple (NASDAQ:AAPL) suppliers with elevated risk on weak smartphone demand: (SWKS +0.9%), (CRUS +1.2%), (QRVO -0.1%), (SYNA -0.4%).
  • Source: Bloomberg First Word.
  • Related semi ETFs: SOXL, SOXX, SMH, USD, PSI, XSD, SOXS, SSG, FTXL, XTH
  • Now read: Micron (NASDAQ:MU) And Texas Instruments Warned Us About Tech


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