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Apple Supplier Skyworks, Google, Salesforce.com Lead Five 95+ Stocks Moving Late On Earnings, Deals | Stock News & Stock Market Analysis

Futures for the S&P 500 index were little changed late Monday. Apple-supplier Skyworks Solutions (SWKS), Microchip Technology (MCHP) and Supernus Pharmaceuticals (SUPN) fell late despite beating earnings views. Alphabet (GOOGL)-unit Google and Salesforce (CRM) rose on a new alliance, with Salesforce also offering new guidance.

XAutoplay: On | OffSkyworks, Microchip, Supernus Pharma, Alphabet and Salesforce all have Composite Ratings of 95 or above. Why does that matter? The Composite Rating is an overall rating, from 1 to 99, based on a variety of proprietary IBD ratings, including on earnings. All-time winners often have Composite Ratings of at least 95 near the start of their big runs.

S&P 500 index futures were essentially flat vs. fair value. So were Nasdaq 100 futures. Dow futures rose a fraction. The S&P 500, Nasdaq composite and Dow all hit record highs during Monday stock market trading.

Skyworks Solutions

The Apple iPhone chipmaker topped fiscal fourth-quarter results, but gave current Q1 guidance that was in line with views. But that wasn’t enough for investors, given that Skyworks had rallied more than 10% over the past seven sessions, fueled by Apple’s strong earnings and stock advance as well as the Broadcom (AVGO) offer for Qualcomm (QCOM). Skyworks rose 2.8% to 116.33 in the regular session.

Skyworks fell nearly 6% to 109.50 in late trading, suggesting that the stock will test its recent 110.71 buy point on Tuesday.

Skyworks has a 98 Composite Rating.

Google, Salesforce.com

Alphabet’s Google and Salesforce reached a new partnership to target enterprise customers, providing deeper integration of Salesforce’s offerings with G-Suite and Google Analytics. Salesforce also guided fiscal 2018 revenue to the high end of its $10.35 billion to $10.40 billion guidance from August. It predicts fiscal 2019 revenue of $12.45 billion to $12.50 billion, with the midpoint slightly above analyst targets for $12.46 billion.

Salesforce shares rose 1.8% to 104.28 in late trade. Salesforce fell 0.3% to 102.42 during the regular session, still within the 5% chase zone from a 98.32 entry.

Alphabet shares were up just a fraction to around 1,044. The stock closed down 0.7% to 1,042.68, in range from a 1,006.29 buy point.

Alphabet has a 98 Composite Rating, while Salesforce has a CR of 97.

Supernus Pharmaceuticals

Supernus Pharmaceuticals reported strong earnings and revenue growth for the third quarter. Supernus also raised full-year profit revenue estimates higher. But shares tumbled nearly 10% in late trade.

Supernus had been consolidating since mid-September, but found resistance at its 50-day line on Monday, closing down 2.3% to 41.10.

Supernus has a 97 Composite Rating.

Microchip Technology

Microchip earnings jumped 50%, comfortably above Wall Street estimates. The chipmaker also raised guidance for the current quarter.

Microchip retreated 2.5% to 93 late, after rising 1.8% during the regular session to a record closing high.

Microchip has a 98 Composite Rating

RELATED:

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Apple Supplier Skyworks Beats Fourth-Quarter Targets, But Shares Fall On In-Line Guide

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Supernus Pharma Tops Third-Quarter Sales, Earnings Views

Microchip Technology Tops September-Quarter Views, Guides Higher

 

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