Market News for Skyworks Solutions Inc (SWKS)
On Wednesday at 2 p.m., Fed Chair Jerome Powell said that the central bank is not likely to raise rates next. Unusually, the announcement lifted stock markets before selling accelerated minutes before trading closed. The Feds decision to hold rates at 5.25% to 5.5% is bad news for REIT and dividend income investors. They could equally hold money market instruments to earn over 5% from interest income without risk. Fortunately, REITs like American Tower (AMT), Crown Castle (CCI), and Iron Mountain (IRM) did not drop. Even Realty Income (O) rose on the day. W.P. Carey (WPC) fell slightly. In the technology sector, Apple (AAPL), one of the Magnificent Seven, will post quarterly results. Markets are bracing for a severe drop in revenue from China. The country promoted nationalistic sales of Huawei and Xiaomi phones. Skyworks (SWKS), which posted a weak quarter, dropped by 15.28% on Wed. It depends heavily on selling chips to Apple at around 65%. It suggests that Apple will report weak iPhone sales tonight....
Baystreet Canada - 5/2/2024 9:07:00 AM
More News for ETSY
Stock Analysis for ETSY
Related Stocks: AAPL,APC-GF,APC-GM,APC-GY,APC-GH,APC-GS,APC-GI,APC-GD,APC-GB,APC8-GF,APC8-GM,APC8-GD,AAPL-MM,AAPL-QH,AMT,0HEU-LN,CCI,0I4W-LN,IRM,0JDP-LN,XIACF,XIACY,3CP-GF,3CP-GM,3CP-GH,3CP-GS,3CP-GI,3CP-GD,3CP-GB,XIACF,ETSY,3E2-GF,3E2-GM,3E2-GY,3E2-GS,3E2-GI,3E2-GB,0IIW-LN,SWKS,0L77-LN,O,0KUE-LN,WPC,WPY-GF,WPY-GM,WPY-GS,WPY-GI,WPY-GD,WPY-GB,0LS8-LN
