All eyes were on Alcoa (AA) Monday as it kicked off earnings season. But with Intel (INTC) and Sandisk (SNDK) reporting next week, the sector to watch may be the semiconductor space. Should you expect chip stocks to dominate this season's earnings story?
Last Monday, chip stocks jumped after an industry report showed sales rebounding in May. And on Monday, shares of NVIDIA (NVDA) and Intel climbed after Bear Stearns upped its earnings estimates and price targets.
Eric Bolling likes Intel (INTC) and Texas Instruments (TXN) and adds you can’t ignore tech for a long time. He thinks capex spending is coming back into the market.
Jeff Macke says double-digit orders of new PC’s will be huge for Dell (DELL), Hewlett Packard (HPQ) and Intel.
Pete Najarian likes Maxim (MXIM), NVIDIA , Intel and TXN.
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Trader disclosure: On July 9th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Finerman's Firm And Finerman Own (HD),Finerman's Firm Owns (COP), (JNJ), (KALU), (MSFT), (MDG), (AL), (YUM), (KFT), S&P Puts; Bolling Owns (ICE), (SLW), (NMX) Gold, Silver, Copper, Corn, Natural Gas; Bolling Is Short (FXI) And Owns (FXI) Puts; GE Is The Parent Company Of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones