Technically Speaking


Technology earnings are front and center. With a wide range of tech titans reporting over the next several days, what should you be watching?

According to Eric Ross director of US research at Canaccord Adams you might want to keep an eye on the semiconductors. One of the firms analysts upgraded the sector on Monday.

“Fundamentals in semiconductors shouldn’t get any worse. We’re still going to see negative returns but they’re not going to get any worse. And you need to buy them 9-12 months out anyway,” he explains on CNBC’s Closing Bell.

Ross says that his analyst was particularly bullish on Texas Instruments long term. "Going forward things are 'coming up'. There hasn't been recovery yet from the handset lows from the Olympics or the weakness in notebooks and that should come into the numbers, positively."

“Maybe we’re finally getting toward a bottom,” adds Pete Najarian, “but I’m still concerned in the near term. However a lot of semi stocks are near their 52- week lows so any good news could be construed as positive.”

But semiconductors aren’t what interest Najarian. He has his eye on a different stock. “Of all the names EMC has my attention,” he says, “because of an unusual amount of call activity.”

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