Here's a look at four hot stocks the Yahoo Finance team will be watching for you today.
First up is AutoZone (AZO). The country's largest auto parts chain reported earnings of $6.29 beating estimates by a penny. AutoZone revenues rose 5.2% from last year to $2.05 billion when estimates were for $2.1 billion. AutoZone flourished during the country's economic slump mainly because people are owning their cars much longer than they used to. 11.4 years is the average age of a car in the U.S. right now and some experts believe that number could grow 20% by 2018. AutoZone is up more than 28% year to date.
Next, Toll Brothers (TOL). The luxury home building company reported earnings this morning of $0.54 per share beating estimates of $0.43. It's significantly down from last year's $2.35, which the company says was due fewer tax-related adjustments. Revenue jumped 65% to $1.04 billion, beating analysts expectations of $1 billion. Investors will be watching Toll Brothers and its rivals very closely to measure how the housing market is doing amidst rising mortgage rates. Toll Brothers has remained somewhat flat this year, up just 0.3% year to date.
Now, Texas Instruments (TXN). The chipmaker has narrowed its fourth quarter earnings forecast. It's because of a lack of demand by companies to build up inventories of chips to be used in cars, computers and smartphones. The company said it now estimates earnings of $0.44 to $0.48 per share when it previously had predicted $0.42 to $0.50. Revenue was also narrowed with current estimates at $2.92 billion to $3.04 billion while previous estimates had the high end at $3.10 billion. Texas Instruments is up almost 35% year-to-date.
Finally, Burlington Stores (BURL). The company released its first report since its IPO back in October. Burlington reported a loss of $0.05 a share which was pretty much in line with estimates for a loss of $0.05 or $0.06. They also posted revenues of $1.06 billion when analysts were expecting $1.05 billion. Comp sales rose 3.9%. The stock is up almost 13% since its IPO.