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  • (IYW) and (FXL) are the best ETF plays on Smart Phones 0 comments
    Jun 26, 2009 1:56 PM | about stocks: IYW, FXL, AAPL, AVGO, QCOM

    Michael Jackson’s death has proven that mobile Internet is the new trend in technology and need for a smarter phone is essential for modern lifestyle. First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) is an ETF that emphasizes on a “smarter phone.” Some of the top 10 holding companies include Apple, Inc. (NASDAQ:AAPL), Broadcom Corporation (BRCM), Marvell Technology Group, Ltd. (NASDAQ:MRVL) and Micron Technology, Inc. (NASDAQ:MU).  Craig Berger of FBR Capital Markets states that the chipmakers are selling their chips to all the appliance makers due to an increase in demand for upscale smart phones. Another ETF, (NYSEARCA:IYW) is the iShares Trust Dow Jones US Tech Sector, holds larger stakes in Apple (AAPL), Qualcomm (NASDAQ:QCOM) and Texas Instruments (NYSE:TXN).

    Stocks: IYW, FXL, AAPL, AVGO, QCOM
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