Cavium Networks Back On Its Growth Path

I really can't complain about how Cavium (NASDAQ:CAVM) has done since my last article on the company, as the shares have risen almost 60% and outperformed a comp group that includes Broadcom (NASDAQ:AVGO), Intel (NASDAQ:INTC), Mellanox (NASDAQ:MLNX), and Qualcomm (NASDAQ:QCOM) - the best of which (Broadcom) is up about 45% since that positive early August write-up.

Cavium has done a lot to reassure the Street that it can drive meaningful organic growth with Octeon, Fusion-M, LiquidIO, LiquidSecurity, and Xpliant. While it still looks as though Cavium is hitting "singles and doubles" outside of Octeon, that's for the time being and there are credible growth acceleration opportunities in these smaller contributions. It's harder to make a positive valuation call today, but it's also hard to recommend stepping aside so long as beat-and-raise quarters are in play.

Continue here:
Cavium Networks Back On Its Growth Path

Investopedia: Is The New Smartphone ETF A Smart Idea?

Smartphones have proved to be a breakaway success in consumer electronics - not to mention a multibillion-dollar market opportunity. Not surprisingly, this has fueled runs in a number of stocks and significant investor interest in playing the ecosystem. Now, investors have an easier one-stop shop for this play with the introduction of First Trust's Smartphone Index Fund (Nasdaq:FONE). (For some background on the smartphone market, check out The Apple Ecosystem.) 


Smartphone ETF: How It's Built
FONE is an exchange-traded fund (ETF) that is designed to closely track the Nasdaq OMX CEA Smartphone Index. This index includes a variety of companies organized into three primary categories - handsets, software applications and hardware components, and network providers - with 45% weightings to the first two and 10% to the last. Within each segment, the components are equally weighted.

The Good 

There is no question that FONE offers a diversified play on a broad definition of the smartphone market. All in all, the fund holds 73 positions with the top 10 positions amounting to about 28% of the total holdings. While the expense ratio is something of an issue, it is hard to see how a retail investor could assemble anything close to a diversified portfolio of similar component, service and equipment stocks and not spend more in commissions.

Please read the full piece at:
http://stocks.investopedia.com/stock-analysis/2011/Is-The-New-Smartphone-ETF-A-Smart-Idea-FONE-AAPL-BRCM-GOOG-MSFT-FLEX-ARMH0301.aspx