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Texas Instruments reported first-quarter results above analysts' expectations and raised guidance for the second quarter, sending its stock higher in after-hours trading. "We believe the inventory correction that began in the second half of last year largely ended in the first quarter," said Chief Executive Rich Templeton.
Ashok Kumar, an analyst at Raymond James, told CNBC’s “Squawk Box” that he expects Texas Instruments’ earnings to improve in the second half of the year.
Nokia, the world's largest maker of mobile phones, said Monday that it filed complaints against wireless technology company Qualcomm in Germany and the Netherlands.
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
Stocks closed down sharply in its second-worst daily decline of the year as the woes in the subprime mortgage market continued to rattle the major markets, particularly financial stocks."I don't this is over," said Patrick Fay, director of equity trading at DA Davidson, in an interview with CNBC.com. "The market has been overdone for a while and it needs a correction."
Find out which stocks are moving and what traders are saying about them as they execute orders on the floor.
Qualcomm raised its forecast for fiscal second-quarter earnings and revenue on Tuesday, citing stronger-than-expected worldwide demand for products based on its CDMA mobile phone technology.
Wall Street analysts maintained largely positive views on Texas Instruments following the chip maker's quarterly update, with a number of analysts predicting an uptick in demand in the latter part of the year.
Texas Instruments narrowed earnings guidance and tightened sales expectations for the fiscal first quarter. The semiconductor company said after Monday's close that it expects fiscal first-quarter earnings to range from 29 cents to 33 cents a share, compared with earlier guidance of 28 to 34 cents.
Stocks closed higher as investors overcame concerns about subprime lending to spark a late-day rally. "We're going through a short-term bounce," Mark Arbeter, Chief Technical Strategist at Standard & Poor's, told CNBC. "Volume, so far, on the upside has been fairly light, which is not encouraging. "
And you thought with last week's earnings warning from Advanced Micro Devices and the mixed financial bag from National Semiconductor that we'd be done with chips for awhile.
Stocks were set to start the week lower after concerns about sub-prime mortgage lending dented enthusiasm for a very busy Merger Monday.
"Bull Market Intact? Analysts Hit the Street In Force, Recommending Altria, Monsanto" After a week where $1 trillion in value was lost and stocks shaved off, on average, 5%, Wall Street analysts finally felt safe enough to come out from hiding.
Chip stocks break out as blackberrys buzz, gaming gains. A pesky Alan Greenspan can't stop grumbling about a possible recession with the Former Fed Chief sparking the violent sell-off in the market this past week. With respect, the market today tells a different story about America, Mr. Greenspan.
U.S. stocks may have more room to run, but analysts say it might be wise to buy on the dips as the market looks for the next big catalyst to move it forward.
Global sales of microchips are expected to rise about 10% to $273.8 billion this year after increasing 8.9% to $247.7 billion in 2006, an industry group said on Friday.
Analysts said the deal would boost revenue at TI, which already sells Motorola chips for cheaper handsets but recently blamed its poor quarterly results on weak demand for more-costly phones that use multiple TI chips.
Stocks opened initially higher as strong earnings from United Technologies helped boost the Dow. Energy stocks gained as oil moved above $53 a barrel.
But the company's current-quarter forecast disappointed as it said growth was skewed toward low-priced phones.
Stocks in the U.S. are leaning towards a higher open, as investors brace for a barrage of earnings news. Oil is bucking its recent downtrend and is slightly higher as cold weather finally settles into the Northeast. European stocks are trading higher, helped by mining, metals and oil stocks. Asian markets closed higher with Tokyo at a 9-month high.