SWKS - Forget Short Squeezes! Buy These 3 High-Quality Stocks Instead
In recent weeks, many investors have been introduced to the short squeeze , a phenomenon that's sent shares of struggling businesses like GameStop and AMC Entertainment skyrocketing. I'm not here to tell you whether or not piling onto that bandwagon is the right call. I'm here to share three solid end-of-2020 earnings reports that were largely overlooked because of the frenzy that short squeezes have set off.
I'm talking about Skyworks Solutions (NASDAQ: SWKS) , Facebook (NASDAQ: FB) , and Visa (NYSE: V) . Each had a solid end to a less-than-desirable 2020 and look like great long-term investments .
Shares of connectivity semiconductor-specialist Skyworks Solutions were up by a double-digit percentage immediately after the company's fiscal 2021 first-quarter report (the three months ended Jan. 1, 2021). And for good reason. Revenue and free cash flow increased 69% and 28%, respectively, from a year ago to $1.51 billion and $366 million.
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Forget Short Squeezes! Buy These 3 High-Quality Stocks Instead