TXN vs. INTC Ahead of Earnings and Reports from IBM, UTX, & More

On today’s episode of Free Lunch, Ryan McQueeney recaps earnings results from IBM, United Technologies, Procter & Gamble, and Comcast. Later, he previews upcoming reports from chip giants Texas Instruments and Intel.

Want more video content from Zacks? Subscribe to Zacks Investment News now!

Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Twitter, and other major streaming platforms.

Stocks whipsawed in morning trading, but several notable companies, including a few Dow members, saw solid gains on the back of impressive earnings results.

This included IBM IBM, which reported on Tuesday afternoon. The IT behemoth reported year-over-year revenue and earnings declines, but its profit outlook for 2019 was upbeat compared to early estimates, and investors were happy to send the stock higher.

Similarly, United Technologies UTX moved into the green thanks to its results and outlook. The defense and industrial conglomerate easily beat EPS estimates, and its guidance for 2019 fell near the higher end of expectations. The stock added about 5% at the open on Wednesday.

Another Dow member that posted results today was Procter & Gamble PG. The consumer staples company added to the positivity, reporting better-than-expected earnings and revenue results. Procter & Gamble also affirmed its prior guidance and is looking for per share profits to rise 3% to 8% this year.

Even Comcast CMCSA got in on the fun this morning. Thanks in part to the Sky acquisition, Comcast’s quarterly revenue surged 27%, helping the company surpass estimates on the top and bottom lines. Shares of the cable and internet giant opened about 4% higher today.

On the first half of today’s show, Ryan recaps all of these earnings results. Later, he previews the upcoming reports of Texas Instruments TXN and Intel INTC.

Texas Instruments is due to report after the bell today, and Intel will join with its report tomorrow afternoon. Each of these two reports should be great reads on the semiconductor industry, which struggled in 2018.

But chip stocks struggled last year not because they weren’t seeing growth, but because investors saw an end to that growth coming in 2019. So what are analysts expecting to see from these reports? What kind of guidance will TXN and INTC need to post to cool fears of a dramatic pullback? Ryan explores these questions on today’s show!

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?

From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.

This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.

See Stocks Today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
International Business Machines Corporation (IBM) : Free Stock Analysis Report
 
United Technologies Corporation (UTX) : Free Stock Analysis Report
 
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
 
Intel Corporation (INTC) : Free Stock Analysis Report
 
Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research