Author Archives: Scalper1

Apple Chip Suppliers NXP, Cirrus Retake Key Level

Two Apple (AAPL) chip suppliers reclaimed a key level in Friday’s shortened trading session: NXP Semiconductors (NXPI) and Cirrus Logic (CRUS). NXP Semi on Friday was given regulatory approval from China’s Ministry of Commerce to complete its $12 billion dollar merger with Freescale Semiconductor (FSL). European and U.S. regulators have already signed off on the deal. NXP expects to close the transaction and the divestment of its RF power business

Paris Attacks Lift Aero-Defense Stocks

Europe’s defense industry is set to reap a $50 billion windfall as the Nov. 13 terrorist attacks on Paris prompt governments to ramp up spending on military capabilities. The buildup will span cybersecurity to fighter jets, armored vehicles and drones, all in an effort to defeat Islamic State. IBD’s Aerospace/Defense stock group was No. 38 in Friday’s IBD, an improvement from No. 80 six weeks ago. Since the terrorist attack in

Universal Display Up On iPhone Speculation

Light-emitting diode makers Universal Display (OLED) and LG Display (LPL) were up Friday, hitting five- and four-month highs, respectively, after a Japanese news report said its products might be in the next Apple (AAPL) iPhone. The Nikkei Asian Review reported Thursday that Apple plans to bring organic LED technology (known as OLED) into its iPhones, starting in 2018. The report said that this was a driving force behind LG Display’s decision