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Apple Among 5 IBD 50 Stocks Riding Hot CES Trends

“Where the Consumer Electronics Show goes, technology follows. And this year, tech wearables, 3D cameras and smart, connected versions of once un-smart, un-connected objects emerged as some of the annual show’s dominant themes,” Bill Peters reports for Investor’s Business Daily. “”

“For instance, NXP Semiconductors (NASDAQ:NXPI) introduced a chip that allows a driver to lock and unlock his or her smart car via smartphone,” Peters reports. “The Netherlands-based company, whose technology helps Apple’s (NASDAQ:AAPL) Apple Pay mobile payments system complete transactions securely, also said that it would widen its stake in Cohda Wireless, a company whose software allows connected cars to talk to one another and potentially increase safety.”

“Speaking of Apple, the tech giant was, as in previous years, not at CES. But some tech companies hawking wearables were, a sign that Apple’s decision to create a smart watch was well-timed. The Apple Watch will reportedly hit shelves as soon as March,” Peters reports. “As more smartphones link up with cars and whatever else can carry an electrical current, chipmakers Skyworks Solutions (NASDAQ:SWKS) and Avago Technologies (NASDAQ:AVGO) could also catch some tailwinds. The two companies’ chips are in the iPhone 6, with Skyworks’ helping the phone connect to the Internet and Avago’s helping it filter out unwanted frequencies.”

Read more in the full article here.

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