Barclays analyst Blayne Curtis downgraded Skyworks Solutions (SWKS) to Equal Weight from Overweight while raising his price target for the shares to $80 from $75. The analyst sees near-term risks to estimates as he believes Huawei was not taken fully out of September quarter numbers. Longer term, Curtis has concerns about Skyworks' growth potential given its high exposure to Apple (AAP) "into a lackluster cycle" as well as the "lagging" Android performance of Android. Further, the 5G "tailwind" only adds a few dollars of content per phone, and the environment is more competitive given the lack of acoustic filters, Curtis tells investors in a research note.

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link