On October 8 I wrote “Tech is back” led by fact-based speculation that Apple (AAPL) had asked supplier to increase production of components for the iPhone 11 by 10%. That, obviously, was a good sign for Apple, which is set to announce earnings on October 30. And, I argued even better for Apple suppliers with their lower (and therefore easier to move) market caps and (in many cases) their lower price to earnings ratios.
The first pick in that group Skyworks Solutions (SWKS), made on October 8 in my Volatility Portfolio on my subscription JugglingwithKnives.com and JubakAssetManagement.com sites, has done just fine. The stock is up 9.67% as of the close on October 15.
My second pick, Cirrus Logic (CRUS) only went into that same portfolio yesterday. Those shares were up 0.17% today.
Other recent tech picks would seem to validate the sector call. VMware (VMW), a pick in my Jubak Picks Portfolio on September 17 is ahead a scant 0.48% as of the close today. Taiwan Semiconductor Manufacturing (TSM) is up 5.09% since my October 7 pick for my long-term 50 Stocks Portfolio.
I’ll have three more longer term tech picks in my newest Special Report on my JubakAM.com subscription site that I’m working on now and that will be posted later this evening.