Will Apple Help OmniVision & TriQuint Bounce Back?

However hard the market slams a stock, there's always the chance it'll come bouncing right back. We'll consult our Motley Fool CAPS community to find shares on the rebound, examining one specific sector of the economy in search of companies with rising CAPS ratings.               

There are 257 stocks listed under "electronics" in the CAPS' screener, of which more than a handful carries well-respected four- and five-star ratings. Those accolades mean our 180,000 CAPS members are confident that these stocks will beat the market in the months ahead, but let's see what members are saying about the ones below:

Source: Motley Fool CAPS.

International and financial worries still grip the market, but with the market on a roll, let's take a closer look at why investors think these other companies won't be jumping from the frying pan into the fire.

Drying out
Apple (Nasdaq: AAPL), with a market cap of over $517 billion, is the world's largest company.  The Cupertino juggernaut just launched the iPad 3 and they've already sold out. Last quarter it sold 37 million iPhones, 15.4 million iPads, and 5.2 million iMacs. But some people worry that with a share price north of $550, it may have too much froth built in to it to make the stock a good buy now.

While I'd argue that a company with those kinds of numbers that still trades at less than 12 times forward earnings estimates represents a discount, investors may want to play the picks-and-shovels angle of Apple's ascent instead.

OmniVision Technologies is expected to have worked its way back into Apple's good graces and will appear not only in the new iPad but also a forthcoming iPad "mini." It was the company's ejection from the iPhone last year in favor of Sony that distressed OmniVision investors -- so the inclusion of its sensors in this new, hugely popular device ought to make up for some of the volume it lost.

TriQuint Semiconductors has been a staple of Apple products too, and no one expects them to be ousted. A few other stalwarts, including chipmakers Qualcomm and Broadcom, are likely to maintain their position, and Corning (NYSE: GLW) should still have a slot with its Gorilla Glass.

Just as China has been the engine that's powered much of the globe's economy, Apple is the train driving tech stocks higher. If a company can win a spot in one of its iconic products -- Nuance Communications (Nasdaq: NUAN) scored a big win when it became the voice of Siri in the iPhone, seeing its shares nearly double in value in less than a year -- the coattails should pull them higher. But if a supplier loses standing, as happened to OmniVision, watch out below.

Nearly 900 CAPS members have weighed in on OmniVision, and 95% of those rating it believe it will come out on top and beat the market averages in the process.

Yet investors can't count on Apple alone to bolster their investment theses, as TriQuint's history shows. Despite being a dependable supplier, shares are nearly half what they were a year ago because of sour results in the government-spending market. They'd probably look even worse had Apple not been there to prop them up.

Motley Fool blogger Eric Novinson believes TriQuint is one of a handful of value stocks to be mined from Apple's supplier list, which probably helps explain why all 106 CAPS All-Stars unanimously believe it will beat Wall Street's expectations.

Add OmniVision and Triquint to your Watchlist, and let us know in the comments section below whether you think they'll be found in the iPad 3 tear down.

The ball's in your court
You don't have to be an international giant to make it big, but if you want to ride Apple's coattails into history, look no further than The Motley Fool's brand-new report, "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Find out how you can cash in on the booming smartphone and tablet market today.  Click here to get your free report.