Several of the highest-rated chipmakers provide some technology going into connected cars, and their stocks have been setting up bases. Three are Skyworks Solutions (SWKS), Analog Devices (ADI) and NXP Semiconductors. Let’s take a look at their charts and some of the latest related news. NXP Semiconductors (NXPI) joined the IBD Leaderboard on Friday. The fabless chip company cleared a 105.04 buy point in heavy volume, so shares are in buy range.
Big pharma AstraZeneca (AZN) and big biotech Amgen (AMGN) were both down nearly 3% in heavy trading Tuesday, after Amgen said late Friday that it was withdrawing from their partnership to develop an immunology drug after some patients killed themselves. Amgen said that “suicidal ideation and behavior” in some patients in the clinical trials of brodalumab, which is being tested for psoriasis, psoriatic arthritis and axial spondyloarthritis, would
Data company EMC (EMC) will pay $1.2 billion to acquire privately held Virtustream as part of a major expansion of its cloud computing operations. EMC said that the acquisition is a “transformational element” to help customers move all of their applications to cloud-based environments. “Virtustream is an exceptional company, and this is a critical and transformative acquisition for EMC in one of the industry’s fastest-growing and most important