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Two Ways: Everything's Bigger in Texas Instruments


Strengthen your portfolio in good times and bad.

Big Texas Instruments

Texas Instruments (TXN) said second-quarter profits and revenue will be higher than previously expected as customers replenish inventories. According to Bloomberg, the second-largest US semiconductor maker said earnings will likely come in around 14 to 22 cents a share on revenues of $2.3 billion to $2.5 billion. Consensus estimates called for the company to make 10 cents a share on sales of $2.21 billion.

Ron Slaymaker, vice president of investor relations, said on a conference call that all major product lines are growing but orders for analog chips is by far the biggest driver for sequential growth this quarter. Shares are up 5% in premarket trading.

From the Bull Pen: Those bullish Texas Instruments can set an initial position here with the intention of adding on a pullback to gapfill near yesterday's close ($19.77). A sell stop can be set near $18. The semiconductor ETF (SMH) is also an option at gapfill. A sell stop can be set below $20.50-20, depending on your risk profile.

From the Bear Cave: For a tech related play, bears can continue to look to AT&T (T) following its 20 DMA to the downside. There's also major resistance at $25. The trend is your friend until this is broken, so a buy stop can be set above that level.

Quick Check Around the World

Asian trading closed with the Hang Seng -1.07%, India 3.14%, Shanghai 0.71%, Nikkei -0.80%, and Taiwan -3.22%.

Glancing towards Europe, we see the FTSE -0.18%, CAC -0.09%, DAX -0.20%

As of 8:00 AM EST, S&P Futures are trading +3 to 942.00, and Nasdaq futures are +7 to 1488.49.

A Look at Commodities

Over in commodities, crude oil is trading +1.18 to 69.27 while gold is +1.70 at 954.20 this morning. Silver is +0.120 to 15.07 and copper +4.95 to 230.25.

The dollar index is -0.6300 to 80.3400.

On the Radar


10:00 Wholesale Inventories: -1.0% cons.

Click here for the full trading radar.

Good luck today!
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No positions in stocks mentioned.

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