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Apple is reportedly closing in on a deal to buy up Intel’s smartphone modem business. Plus Facebook is set to report earnings after the bell Wednesday. Yahoo Finance Tech Editor Dan Howley, joined 'The Final Round' to discuss.
Apple is reportedly in talks to buy Intel's smartphone modem chip business. The deal could be reached in the next week and would be valued at $1 billion or more. Yahoo Finance's Adam Shapiro, Julie Hyman, Rick Newman, and Direxion Managing Director Dave Mazza discuss.
Dow Jones futures: Amazon, Facebook, Google and Apple fell as the DOJ said will probe Big Tech online dominance. Chipotle Mexican Grill, Snap and Texas Instruments soared on earnings.
Chipmaker Nvidia is at the forefront of AI and machine learning, but earnings and share prices have dived. Here is what fundamental and technical analysis say about buying Nvidia stock now.
(Bloomberg) -- Texas Instruments Inc. gave stronger-than-predicted sales and profit forecasts for the current quarter, indicating demand for chips may be starting to improve.Third-quarter earnings will be $1.31 a share to $1.53 a share on revenue of $3.65 billion to $3.95 billion, the Dallas-based company said Tuesday in a statement. On average, analysts predicted profit of $1.37 a share and sales of $3.84 billion, according to data compiled by Bloomberg. At the high end, that represents a revenue decline of 7.3% from a year earlier.A better-than-feared outlook from Texas Instruments signals that a slump in orders for electronic components may end soon and helps counter concern that the China-U.S. trade dispute will hurt the overall economy. The company hasn’t experienced any sales hit related to trade or regional differences in orders, executives said on a conference call, repeating their stance that the industry is in a typical cycle of weaker demand that usually lasts about five quarters. Texas Instruments has now reported declining revenue for three consecutive quarters.“Every cycle is unique, but if you look at at least the last two, they behave in the way where you have at least five negative quarters before growth resumes,” Chief Financial Officer Rafael Lizardi said in an interview. “I don’t know what the cycle is going to do. Our job is to be prepared.”Texas Instruments’ semiconductors are part of almost everything that has an “on” switch, making it a bellwether for industry demand. The company gets the largest chunk of its revenue from makers of industrial equipment and vehicles. The U.S.-China trade dispute had raised concern that U.S. chipmakers might be shut out of the world’s biggest market for their products.The company, which gets from 3% to 4% of its revenue from Huawei Technologies, halted shipments when the Chinese telecommunications company was blacklisted by the U.S. government. Texas Instruments resumed supplying some parts after verifying those shipments would be in compliance with the new rules, Dave Pahl, the company’s head of investor relations, said on the call.Earlier, the world’s sixth-largest chipmaker reported second-quarter net income fell to $1.31 billion, or $1.36 per share, from $1.41 billion, or $1.40 a share, in the same period a year earlier. Revenue dropped 9.5% to $3.67 billion. Analysts had estimated a profit of $1.22 a share on sales of $3.6 billion.Texas Instruments shares rose more than 6% in extended trading after closing at $120.07 in New York. The stock has gained 27% this year on optimism that the trade dispute will be resolved and inventory stockpiles will be cleared out later this year.(Updates with comments from CFO in the fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Semiconductor stocks are poised to test a record high after better-than-expected second-quarter results from Texas Instruments Inc. boosted optimism despite a global slump in chip sales.An exchange-traded fund that tracks the Philadelphia Semiconductor Index gained as much as 1.2% post-market, aided by a 7% surge in the shares of Texas Instruments, as well as advances by Analog Devices Inc. and Microchip Technology Inc. On Tuesday, the 30-member benchmark index closed 1% below its April record.Chipmakers have been on a roller coaster ride in 2019 as investors have grappled with a trade war between the U.S. and China and lower sales. The chip benchmark suffered its worst month in more than a decade in May after a trade deal between the world’s two largest economies fell apart.Texas Instruments cited "broad-based weakness" and said that the end markets it supplies performed as expected. Asked on the earnings call about demand in China, Chief Executive Officer Rich Templeton said he saw "nothing unusual." The Dallas-based company forecast third-quarter revenue that, at the midpoint, trailed the average analyst estimate. Semiconductor companies’ earnings and forecasts are often seen as a leading indicator of global economic growth because of the months it takes to manufacture the components and then build them into finished electronic devices. May marked the fifth-consecutive month of chip sales declines, according to the Semiconductor Industry Association.To contact the reporter on this story: Jeran Wittenstein in San Francisco at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Sales declined 9 percent, a steeper drop-off than the previous quarter, for Texas Instruments. However, shares are soaring in after-market trading.
Texas Instruments (TXN) delivered earnings and revenue surprises of 6.61% and 1.75%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Chipmaker Texas Instruments late Tuesday beat Wall Street's sales and earnings targets for the second quarter. The Texas Instruments earnings news sent its stock higher in extended trading.
We take a look at some Chinese ETFs in the wake of increasing number of U.S. manufacturers relocating their production units to other Southeast Asian countries.
Moody's has reviewed the following ABCP program in conjunction with the proposed amendment. At this time the amendment, in and of itself, will not result in any rating impact on the respective program's ABCP. Moody's does not believe it will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
The Bay Area housing crisis has shifted Cisco's philanthropic to a more regional approach, specifically focused on homelessness.
Texas Instruments stock rose after the chip maker reported second-quarter earnings results that surpassed Wall Street expectations.