Wireless stocks, is this where it's at or not. After last Thursday we were beginning to wonder. Thursday the wireless stocks rallied pretty big, with Nokia leading the way with a strong forecast in cell phon growth globally this year.
Though you can not leave out Texas Instruments (up $1.01 to $33.00), TI is the number one maker of cell phone chips that counts Nokia as its biggest customer, saw its stock rise about 3 percent, and chipmaker RF Micro (up $0.37 to $8.69, Research), another large Nokia customer, gained about 4.5 percent.
Nokia (up $0.83 to $21.05)'s U.S. shares rallied nearly 4 percent, while rival Motorola (up $0.44 to $23.21) gained about 2 percent.
Nokia also launched three new phone models, unveiling the handsets in China as it targets new clients in fast-growing emerging markets, Reuters reported.
When talking wirelss you can never talk that without mentioning this one. Qualcomm (up $0.42 to $51.14), which makes integrated circuits and software for wireless products. Its shares rose as well.
We are thinking this one looks suprisely strong as well. Check this out for yourself, but it might be one to watch for little while and see for yourself. Skyworks (up $0.11 to $6.94, SWKS), which makes chips and integrated circuits for mobile phones.
A pair of analyst upgrades this week helped boost shares of the company, which had a difficult 2005 thanks to lost market share. Analysts think the company is poised to gain share from its rivals this year. Skyworks currently trades at around 30 times expected 2006 earnings.
In the small-cap front, you could look into this one Anadigics (up $0.11 to $7.46, ANAD), which makes integrated circuits.
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