Daily Stock Pick for 3/11: TriQuint Semiconductor

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Every trading day, we search our database for a brand new TopStock pick that, in our humble opinion, is in solid technical condition and perhaps, ready to move up.

Our base level investment philosophy is based on the concept of "own the best and ignore the rest." Thus, we focus our attention solely on the TopStocks of the market -- the top ranked stocks in the strongest industry groups.

How Do We Find the"TopStocks?"

A question we are constantly asked is: How do we find these TopStocks? In short, we follow a disciplined three-step process.

Step 1: Identity the Top Sectors and Industry Groups
We first determine the market’s leadership by identifying the top performing sectors and industry groups. From 10 sectors and more than 100 Industry Groups, our proprietary ranking systems (which has been designed in conjunction with the nation's leading independent research firm) identifies the top 5 sectors and the top 20 groups based on momentum, industry strength, and indicators that are specific to the industry being ranked.

Step 2: Isolate the Highest Rated Companies
From more than 2400 stocks, the system identifies the top 5% in terms of earnings strength, earnings momentum, company performance, and relative strength.

Step 3: Select the Strongest Stocks in the Top Industry Groups
We then merge the two rankings and select the top ranked companies that are in the top Industry Groups. This keeps us focused on the best performing stocks in the leading sectors of the market.

And then every weekend, we rerun the TopStock ratings and start all over again!

The TopStock Pick of the Day

The TopStock Pick listed below has met all of our fundamental criteria and currently displays a solid technical "set up" for a buy. The stocks highlighted in our daily Stock Pick reports are definitely on our radar, and may even be in some of our portfolios (see disclosure for details).

Stock	Symbol	Industry	TopStock Rating	Annualized Profit Projection	S.T. Stop Loss
TriQuint Semiconductor	TQNT	Semiconductor Manufacturer	9.2	25.9%	$6.89
Company Profile: TriQuint Semiconductor, Inc. supplies modules and components for communications applications, as well as offers foundry services to communications companies worldwide. The company designs its products on various wafer substrates, such as compound semiconductor materials, including gallium arsenide and piezoelectric crystals. It primarily operates in the handsets, networks, and military systems markets. The company's products for the handsets market include transmit modules, power amplifier modules, duplexers, switches, and integrated products. It provides customer premise equipment, wireless local area networks, worldwide interoperability for microwave access networks, global positioning satellite, Bluetooth, cable television, microwave radio, satellite, groundstation, and optical communications for the networks market. The companys network products for the military market include power amplifiers, low noise amplifiers, switches, fixed frequency and voltage controlled oscillators, filters, and attenuators for use in active array radar, missiles, electronic warfare, and space communications systems, as well as in commercial applications comprising wireless telephone applications, optical fiber links and switching networks, millimeter wave radios, phased-array radar, and satellite links. TriQuint Semiconductor, Inc. also provides packaged products, die-level ICs, and multi-chip modules that are used in diverse communications and phased array radar, including ship-based, airborne, and battlefield systems, as well as sat-com, electronic warfare, and guidance applications. In addition, it offers foundry services, such as design, wafer fabrication, test engineering, package engineering, assembly, and test. TriQuint Semiconductor, Inc. markets its products through independent manufacturer's representatives, independent distributors, and direct sales staff. The company was founded in 1981 and is headquartered in Hillsboro, Oregon.
Stock Rating: The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 - 10 with 10 being the highest. Annualized Profit Projections: The projected annualized return is based on the historical relationship of the stock's TSP's technical model Disclosure: At the time of publication the editor and affiliated companies own the following positions: TQNT Note: Positions may be bought or sold while this publication is in circulation without notice.

 

Chart Watch

  TriQuint Semiconductor - Intraday

  TriQuint Semiconductor - Last 3 Months -

  TriQuint Semiconductor - Last 12 Months

  TriQuint Semiconductor - Last 5 Years

 

What To Do With The Data?

Would like to know when any of the TopStock Picks are added to the Top 5 Portfolio or the HedgePro Portfolio (this one "goes both ways" with long and short positions)?

Would like to know EXACTLY when our TopStock Trading team makes a move in the TSP Active Trader (the "best of TSP"