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Two Ways: Texas Instruments Higher on Upbeat Forecast

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Strengthen your portfolio in good times and bad.

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Texas Instruments Higher on Upbeat Forecast

Apple (AAPL) dominated most of the earnings headlines last night, but don't forget about semiconductor giant Texas Instruments (TXN).

The Dallas, Texas-based company reported earnings of $0.42 a share, beating consensus expectations by $0.03 while revenues fell 15% year-over-year to $2.88 billion vs. $2.82 billion consensus. Gross margins increased to 51.4% compared to 48.5% for the same period a year earlier.

The company also gave an upbeat forecast for the fourth quarter. It sees EPS coming in around $0.42 to $0.50 and revenues around $2.78 billion to $3.02 billion. Street expectations were $0.40 EPS on revenues of $2.78 billion. Shares are up more than 2% in premarket trading.

From the Bull Pen: The TXN numbers will give a boost to the semis. But bulls can look to related plays in solar stocks. Professor Sean Udall positively mentioned this space on the Buzz yesterday. One can look to SunPower Corp (SPWRA) where the triple top appears to be at risk of breaking to the upside. Those playing it can set a sell stop near $31.

From the Bear Cave: The tech ETF (XLK) is nearing weekly resistance at $22. Bears believing the odds of a correction are high can keep an eye on this stock. Watch for failure at this level. Entry if and when.

A Quick Check Around the World

Asian trading closed with the Nikkei 0.98%, India -0.59%, Hang Seng 0.83%, Shanghai 1.52%, and Taiwan 0.03%.

Across the pond, we see the FTSE -0.11%, CAC -0.11%, DAX -0.01%

As of 8:15 a.m. EST, S&P Futures are trading +5.50 to 1096.25 and Nasdaq futures are +17.25 to 1767.25.

A Look at Commodities

Over in commodities, crude oil is -0.17 to 79.79 while gold is +9.40 to 1066.50 this morning. Silver is +0.18 to 17.805 and copper -0.020 to 2.9465.

The dollar index is -0.0800 to 75.2200.

On the Radar

Economics

08:30 Building Permits 590k cons.
08:30 Housing Starts 607k cons.
08:30 PPI 0.1% cons.
08:30 Core PPI 0.1%

Click here for the full trading radar.

Good luck today!

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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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