We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Cypress Semiconductor (CY): Stock Soars 8.7%
Read MoreHide Full Article
Cypress Semiconductor Corporation was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.90 to $14.11 in the past one-month time frame.
The upside was driven as the company is likely to gain by Apple’s shift toward USB-C connectors for its chargers in order to facilitate fast charging.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has remained unchanged over the same time frame, suggesting that more solid trading could be ahead Cypress Semiconductor. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Cypress Semiconductor currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Is CY going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strength Seen in Cypress Semiconductor (CY): Stock Soars 8.7%
Cypress Semiconductor Corporation was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.90 to $14.11 in the past one-month time frame.
The upside was driven as the company is likely to gain by Apple’s shift toward USB-C connectors for its chargers in order to facilitate fast charging.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has remained unchanged over the same time frame, suggesting that more solid trading could be ahead Cypress Semiconductor. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Cypress Semiconductor currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Cypress Semiconductor Corporation Price
Cypress Semiconductor Corporation Price | Cypress Semiconductor Corporation Quote
A better-ranked stock in the Semiconductor - Communications industry Marvell Technology Group Ltd. (MRVL - Free Report) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CY going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>