skyworks is a perfect example. it wasn't that long ago that 100% of their business was dependent on phones. they're not hit by supply-chain operations like qualcomm was last quarter this is the future just from being phones to being cars to beingpelotons to being factories, you name it i'm comfortable with that risk i think this stock goes a lot higher it was also a core position, now it's become a very, very big pos position. >> it's been a heroic stock i switched out this from intel the thing about with nxpi is, you know, how is the chip shortages affecting their pricing, their demand? if it's been hobble by this one, i'm curious how it backed up into them. all of these companies, whether it's nxpi, skyworks or qualcomm, there's a lot of insight going on, talking about how long these supply chains last is very important. >> it's going to affect a lot of these chip stocks, but once we get back up to speed, you get a catch-up effect as well. >> the demand isn't going anywhere chips are needed in everything it has t

twitter, skyworks, chevron, all pitched by committee members in recent weeks, many times, which is why they're going on the hot seat next. >>> and nfl player brandon copeland joins us with his top naial ckfincpis for the new draft picks in the nfl we're back in two. (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that. f ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. ♪ ♪ >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour. >>> the u.s. says china is not doing enough t

plus, skyworks solution on some deal news. the full details and how they're playing this and mad skills. why this mobile gaming company could be the new target. what is driving these actions. falling in the after hours sessions getting under way. josh lipton with all the details. josh >> remember, this stock was up about 25% so far this year and also, a big part of that high hopes, they say, for new ceo pat gelsinger. reports on the bottom and the top for guidance though, q2, 1.05 in the bottom line. closer to a 1.09 but $17.8 billion, close to $17.6 billion. they did raise their 2021 guidance as well turning to the segments, ccg business $10.6 billion and $10.2 billion and the data center, $5.6 billion and also looking for closer to $5.8 billion there look with chris roland it was upside for q1 but that q2 guidance is either conservative or suggests a slowdown in the business the data center business did disappoint versus expectations that segment is the one that investors value the most the higher margin server chips on the

stock three is skyworks solutions.ss investors narrowly beating forecasts these days, a narrow beat is not enough the chip maker with third quarter profit slightly higher investors are saying we needed more skyworks down 7.5%. >>> still on deck. breakout the big hats and fill up that mint julep, y'all. the kentucky derby is a day away we have a live report with frank holland coming up. >> announcer: today's big number $350 million that's how much victims of ransomware paid in crypto currency last year according to the report by the ransomware task force that is rethe times the amount paid in 2019 hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. ♪ i wish that i knew what i kn

skyworks is too cheap.hen there's nothing you know, it's also 19 times earnings that's over. >> weren't they considered to be the largest single provider to apple, in terms of the phone itself, what went in there. >> exactly, david. exactly, now they have other businesses including automotive. we know how hot automotive is. it was a brilliant acquisition day borrowed money, like 2%. >> not bad >> if you could get a mortgage of 2%, you'd be happy. >> you can make things creative if you're borrowing at 2%. >> it's no longer just hostage to apple. >> interesting, jim. >> and then tonight, tractor supply. >> oh, boy, i used to be at macy's this is the fastest growing retailer in the country. david, there are 42,000 people from tractor supply. remember, you used to dismiss me when i would talk about tractor supply it shows you were completely wrong, and i don't mind that >> no. >> it doesn't bother me one bit. ridiculed me ridiculed and dismissed you, was it that bad, that tough? >> and then i got some other peo

romaine: skyworks solutions, huge apple supplier. about 70% of their revenue comes from apple.rs say they were too tied to apple, they needed to diversify. this gets them there, a lot of ai stuff that will go into cars, smart refrigerators. snap, digital ad spending is alive and well. revenues going up, and that is why you see the shares up. pinterest, twitter, a lot of the other digital ad space companies also moving higher. and of course, the granddaddy's next week, facebook. tom: we've got a huge earnings stream. what have you learned about earnings season now? i would suggest equity strategists have to reset this weekend after what we saw. even intel kind of ok, and other names like mattel that were really good. romaine: really good, but you are dealing with a pull forward from the pandemic, a much different competitive environment for a lot of these companies, not just in the chip space. on top of that, you are dealing with this cost issue. we had the ceo yesterday of both dow and chipotle, both dealing with rising costs. what they forecast on that is going to be key. tom:

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shares of skyworks tumbling despite posting an earnings and revenue beat s skyworks also missing grosso rising costs and shares are down 8%. >>> clorox also falling today after reporting an earnings beat but a revenue miss the company also providing weak full year guidance due to higher commodity and manufacturing costs. those are down a little over 2%. plus you can catch the clorox ceo on "mad money" tonight at 6:00 p.m. eastern. >>> the debate over capital gains tax is heating up this week as the biden administration lays out its plan to pay for big spending bills robert frank has a look at why more people than you might have thought will get sftuck with a higher tax burden. >> biden says his plan to increase capital gains tax would only hit taxpayers who make more than $1 million a year, about 500,000 people but economic research shows those million dollar earnes actually change every year so the total number would be larger they looked at million dollar earners over a nine-year period. only half made the list for one of those nine years. just 6% were million dollar earners over the

. >>> skyworks and western digital are both out. >> skyworks falling despite better than expected resultsimate. revenues just ahead at 1.17 billion versus 1.15 billion. the company also had strong third-quarter guidance on revenues an earnings but we keep seeing this pattern with chip stocks as they fall. we'll see if we hear more on the conference call. >>> shifting to western digital, that stock up after hours beating on both the top and bottom line. earnings came in at 102, adjusted, compared to a 68-cent estimate a big blowout on revenues at 4.14 billion versus 3.9 and change is the estimate the company notes improving pricing trends in flash memory and also issuing strong fourth quarter revenues and earnings guidance >> bertha, thank you so much an earnings miss and mixed guidance weighing on shares of citrix systems the ceo of the cloud computing company on the outlook for demand as more employees head back to offices. here's another check on today's biggest after hours movers you've seen a couple from bertha, but amazon up 4%, twitter down 9%. we're back in a couple minutes ♪ ♪ (up

you have another apple supplier, skyworks solutions.t's outlook beat, but it is down in premarket trading. become an he reported more than 30% decline in revenue for -- the company reported more than 30% decline in revenue for mobile phones. apple warned about the semiconductor shortage yesterday. that is why the stock gave back its early gains on the back of earnings. once again, lower by nearly 1% in premarket trading. jonathan: execution risk has got to be the story of the week so far. i know you get your second dose of the vaccine today, so good luck. we hope to see you on monday in good shape. kailey: fingers crossed. jonathan: what am i talking about? she'll be fine. lisa: you didn't say that to me. jonathan: i did. i got the second dose, i came into work and felt absolutely terrible. lisa was given the second dose the day of, when i felt terrible, and lisa walks in and says, i'm a mother. i can take it on. i'm like come all right. then 24 hours later, how did you feel? lisa: actually, during the show i started getting a chill and

skyworks solutions down. its outlook disappointing some investors.urant brands up about 2% on a big earnings beat. the burger king parent company saying systemwide sales topped 2019 levels with some chains doing better than others the company's ceo will sit down with wilfred and sara next hour on "closing bell." >>> ahead on "power lunch" the kentucky derby will be run tomorrow the most exciting two minutes in sports the big moment for the reopening down there in louisville and an even bigger one for sports betting. the ceo of churchill downs will join us next to discuss that. >>> plus a stock draft recap man, did we have fun yesterday doing that who drafted the best portfolio 'lbrk it down when "power lunch" returns did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna tak

it is also the reason i sold qualcomm i like that and skyworks >> pat gehl singer sbnt on mod money withs next hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. lately, it's been hard to think about the future. but thinking about the future, is human nature. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones. >>> it is time to answer your questions. courtney a video question to you first. >> hey everybody at the "halftime" show. i absolutely love your show

skyworks, up 4%, silicon laboratories, up 10%. susan: yeah.motive -- $2.75 billion in cash, which i was surprised for. makes chips. i think they supply apple, from my recent memory. now, this also mean that skyworks will get into 5g and electric cars as well. win/win for both. check out harley davidson getting a downgrade from morgan stanley to underweight, only worth $38 so you're going to lose $10 from here. it's expensive after it hit a three-year high, and investors are underappreciating the challenges ahead. sketchers, you know what they are, right? have you ever bought a pair? am i asking the wrong -- stuart: oh, that's a type of shoe. it's not a shoe store -- susan: it's a brand. mostly for teenagers and high schoolers, but they beat on top and bottom lines. strong overseas sales helping. and finally, honeywell, better sales, better profit. aerospace sales were down, strength and productivity in safety, but here's a problem -- and this is something that we hear over and over again so far this season -- inflation. higher input costs. hop

plus, skyworks solution on some deal news.bile gaming company could be the new target. what is drivin