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Fly News Breaks for June 6, 2016
AAPL, SWKS, CRUS, AVGO
Jun 6, 2016 | 09:00 EDT
Pacific Crest believes that promotional activity by Apple (AAPL) and Samsung led to better sell-through and inventory results in May. The firm thinks that these promotions reduce the risk of inventory corrections and are positive for smartphone component suppliers. The firm recommends buying the shares of smartphone component makers Broadcom (BRCM), Cirrus Logic (CRUS), and Skyworks (SWKS).