SanDisk, Cree Lead Chipmakers
Elyse Andrews, Cabot Headline News
January 27, 2010
Two
chipmakers, SanDisk (SNDK) and Cree Inc. (CREE), are paving the way
forward for the sector, which recently made it into the top 40 among
Investor’s Business Daily’s 197 industry groups.
Analysts
expect SanDisk to report 68 cents a share on a 34% increase in sales
when it reports quarterly numbers on Thursday, IBD reported. SNDK broke
out late last year and could be forming a base here.
Cree
has grown earnings 38%, 100% and 90% in the last three quarters,
according to IBD. Sales increased 9%, 20% and 35% during that time.
CREE has bounced off of its 10-day line, hitting a new high, but has
since dipped.
SNDK is a Cabot Top Ten Report stock and CREE is a Cabot Green Investor stock.
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