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2 Hot 5G Stocks to Buy Before They Explode

The smartphone market turned around in the fourth quarter of 2020 and ended a difficult year on a high. IDC estimates that smartphone shipments jumped 4.3% year-over-year last quarter to 385.9 million units, paving the way for a strong recovery in 2021 after a 5.9% decline in shipments last year.

Skyworks Solutions (NASDAQ:SWKS) and Micron Technology (NASDAQ:MU) are two stocks that are already taking advantage of this turnaround, as they manufacture chips that go into 5G (fifth-generation) smartphones. Skyworks is witnessing tremendous growth in its mobile business, while Micron is about to join the party as well. These factors have contributed to a strong start on the market this year.

SWKS Chart

SWKS data by YCharts

These chipmakers are unlikely to lose their impressive stock market momentum in the coming months, as 5G smartphone sales are expected to switch into a higher gear in 2021. Gartner forecasts that

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Is ReneSola Stock a Buy?

Falling costs, improved technology, and policy support — the tailwinds are firmly behind solar stocks. The share of solar energy in global electricity generation is expected to rise from a mere 3% currently to roughly 20% by 2050. That would surely benefit solar stocks and explains investors’ euphoria for the sector. As a result, solar stocks, including ReneSola (NYSE:SOL), have risen significantly lately. After already more than doubling in 2021, let’s see if ReneSola stock is a buy right now.

Focused operations

To better understand ReneSola’s prospects, it’s imperative to briefly look at the company’s history. ReneSola’s beginnings go back to 2005, when it started its solar power business in China. Up till 2017, ReneSola was primarily involved in the manufacture of solar wafers and panels. However, the company was incurring losses and losing market share to competitors.

SOL Net Income (Quarterly) Chart

SOL Net Income (Quarterly) data by YCharts

As the

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One More Reason to Buy Micron Technology Stock

Micron Technology (NASDAQ:MU) investors are likely worried after the company announced that its business will take a hit on account of lower information technology (IT) infrastructure spending and restricted shipments to Huawei.

Management’s guidance for the current quarter was muted, sowing seeds of uncertainty about the direction the memory market might take in the coming months. But the memory specialist is sitting on lucrative tailwinds such as the growth of 5G wireless networks that could help the company regain its mojo. And now, Micron investors can count on another potential boost in the form of a rebounding PC (personal computer) market.

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Image source: Getty Images

The PC market is showing signs of life

PC sales have increased lately as the coronavirus pandemic has forced people to remain indoors, triggering a shift toward remote working and online education. According to Gartner, PC shipments in the third quarter

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Global Semiconductor Sales Rise YoY in July: 5 Stocks to Buy

Global sales of semiconductors rose year over year in July, according to the Semiconductor Industry Association (SIA). The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic.

Moreover, with the economy reopening, sales of smartphones rebounding in markets like China and more people spending time on their mobile phones, the semiconductor industry might stand to benefit in the near term.

Global Semiconductor Sales Increase YoY

Worldwide sales of semiconductors increased 4.9 % in July to $35.2 billion from $33.5 billion a year earlier. Also, sales in July were 2.1 % higher than the June total of $34.5 billion. Moreover, sales in the Americas remained strong in July, increasing 26% year over year, with improvement seen globally in both memory and non-memory products.

Regionally, sales increased on a year-over-year basis in the Americas (26.3%), China (3.5%) and Asia

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