Today's pick is Silicon Laboratories (SLAB). I've been watching this one for a while and I like the chart and the fundamentals. It's consolidating right now at the $45 range, but some pressure could allow for an entry between $43 - $44. Once it closes at $46 for a day or two, SLAB will probably run to $48-$49 without too much trouble.
They've been able to increase their earnings per share and sales consistently throughout 2009. They've grown EPS by 78% ,quarter over quarter '09 vs. '10. Sales growth has also increased over the same time period by 28%. Analysts expect EPS growth of 24% in 2010.
Silicon Labs designs analog and mixed signal ICs and RF chips used in radio tuners, mobile handsets, modems and set-top boxes. Their devices let us interact with the digital feed from our t.v.'s, cell phones and other mobile devices.
Obligatory disclaimer: Past results do not guarantee future performance. The suggestions above are simply suggestions and the blogger is not liable for any losses incurred as a result of actual investment activity on the part of the reader.
Happy Trading!
Sunday, February 28, 2010
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