All else being equal, my top stock picks for you this month are Cirrus Logic (CRUS) and Skyworks Solutions (SWKS), notes Nate Pile, growth stock specialist and editor of Nate's Notes.

Chips stocks are still on fire, and both of these stocks are tracing out patterns that suggest they may be getting ready for another push into new-high territory.

No, it has not managed to break through $65 in a convincing manner yet, but, as you can see in the chart to the left, Cirrus’ stock has been bumping up against that level for a little over a month now.

chart 1

And though there are never any guarantees, based on what is going on with the rest of the sector, I would not be at all surprised if we see the stock start to push into new all-time high territory as the start of another leg up sometime in the next few weeks.

For its fiscal 2017, Cirrus reported revenues of $1.5 billion and net income of $261.2 million, or $3.92 per share, as compared to revenues of just under $1.2 billion and net income of $123.6 million, or $1.87 per share, in the prior year. CRUS is a strong buy under $60 and a buy under $68.

As you can see in the chart below, Skyworks is continuing to trace exactly the sort of slow-but-steady uptrend we like to see if we are looking for confirmation that we’re in a bull market.

In our view, technically, we are probably not close to the end of it just yet — in which case, the stock would be “going parabolic” rather than trending higher in a linear fashion.

chart 2

For its second quarter, Skyworks generated revenues of $851.7 million and net incomes of $224.9 million, or $1.20 per share, as compared to revenues of $775.1 million and net income of 208.1 million, or $1.08 per share, in the prior year’s second quarter.

Provided you’re scaling-in to an investment position over time, Skyworks remains a strong buy under $98 and a buy under $105 per share.

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