The Traderszone Network

Published in TZ Latest News 31 March, 2015 by The TZ Newswire Staff

Apple Supplier Stocks Rebound After Last Week’s Chip Scare

Longtime leading chip stocks were especially hard hit last Wednesday when IBD’s market outlook suffered a downgrade. Many leading chip names fell 6% or more and opened sharply lower on Thursday as well. The rebound started Thursday with many positive reversals, including three stout Spotlight names that happen to be Apple (AAPL) suppliers. A brief trip to the 10-week line in each case, though, was not an ideal time to buy shares.

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