NXP Semiconductors Auto Growth

Today is Tuesday, July 25, 2023.

The Early Bird Index today is 59.12.

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NXP Semiconductors Auto Growth

NXP Semiconductors (Nasdaq: NXPI) reported good financial results on Monday, causing shares of the company to tick up by 1.95% in after-hours trading.

Financials: NXP Semiconductors reported earnings of $3.43 per share in the past quarter and revenue of $3.3 billion; both were better than expected.

Details: Sales for automotive, NXP’s main category, jumped 9%, which was better than expected.

Outlook: NXP Semiconductors expects revenue between $3.3 billion to $3.5 billion in the current quarter, which was better than expected.

Stock Price: The stock is up 36% this year, and is up 9% in the last 30 days.

Final Thoughts: There are still backlog issues in the industry, but semiconductor stocks are having a recovery year so far.

Notables

Notable Earnings Today: Alphabet (Nasdaq: GOOGL), Microsoft (Nasdaq: MSFT), Verizon Communications (NYSE: VZ), General Motors (NYSE: GM), 3M (NYSE: MMM), Snap (NYSE: SNAP), General Electric (NYSE: GE), Visa (NYSE: V), Spotify (NYSE: SPOT), PacWest Bancorp (Nasdaq: PACW), Lamb Weston (NYSE: LW), Teladoc Health (NYSE: TDOC), Nucor (NYSE: NUE), Cal-Maine Foods (Nasdaq: CALM), Raytheon Technologies (NYSE: RTX), Texas Instruments (Nasdaw: TXN), NextEra Energy (NYSE: NEE), NextEra Energy Partners (NYSE: NEP), EQT (NYSE: EQT), Alaska Air (NYSE: ALK), Alexandria Real Estate Equities (NYSE: ARE), Albertsons (NYSE: ACI), Archer-Daniels-Midland (NYSE: ADM), Ashland (NYSE: ASH), Avery Dennison (NYSE: AVY), Biogen (Nasdaq: BIIB), Canadian National Railway (NYSE: CNI), Chubb (NYSE: CB), Corning (NYSE: GLW), Danaher (NYSE: DHR), Dover (NYSE: DOV), Dow (NYSE: DOW), GE HealthCare (Nasdaq: GEHC), Invesco (NYSE: IVZ), Kimberly-Clark (NYSE: KMB), Moody's (NYSE: MCO), MSCI (NYSE: MSCI), PulteGroup (NYSE: PHM), Sherwin-Williams (NYSE: SHW), TransUnion (NYSE: TRU), Universal Health (NYSE: UHS), Waste Management (NYSE: WM), Xerox (Nasdaq: XRX).

Notable IPOs Today: Keen Vision Acquisition Corporation Units (Nasdaq: KVACU), Earlyworks Co., Ltd. American Depositary Shares (Nasdaq: ELWS), Warrantee Inc. American Depositary Shares (Nasdaq: WRNT).

Notable Equity Crowdfunding Campaigns Ending Today: Hunt A Killer (Wefunder), Oneleet (Wefunder), River Glen (Start Engine).

Notable Economic Events Today: S&P/CS HPI Composite (9:00 a.m. ET), CB Consumer Confidence (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Whirlpool’s “Well-Positioned” View

Shares of Whirlpool (NYSE: WHR) dropped by 1.03% in after-hours trading on Monday after the company posted mixed financial results.

Financials: Whirlpool reported earnings of $4.21 per share in the past quarter, which was better than expected. But revenue was below estimates at $4.79 billion.

Outlook: The maker of home appliances reaffirmed its full-year earnings guidance. In fact, CEO Marc Bitzer said that Whirlpool is “well-positioned to benefit from housing-driven demand recovery.”

Final Thoughts: Whirlpool is up only 4% this year. The company better hope for a housing demand recovery, because these results represent a setback.

F5 Networks Posts Strong Earnings

Technology company F5 Networks (Nasdaq: FFIV) jumped 10.51% in after-hours trading on Monday after posting good financial results.

Financials: F5 Networks reported earnings of $3.21 per share in the past quarter and revenue of $702 million; both were better than expected.

Final Thoughts: The stock is up 3% this year. These results could be a sign of good things to come for the upcoming tech sector earnings.

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Trends to Watch

Bad Banks: FDIC Scolds Banks for Manipulating Deposit Data (The Wall Street Journal)

Another Milestone: Bitcoin Halving Is Less Than 40,000 Blocks Away—Here's What That Means (Decrypt)

Swap: Johnson & Johnson to reduce its Kenvue stake by at least 80% through exchange offer (CNBC)

Moving Over: Crypto Investors Sour on Bitcoin Funds After Massive Inflows, Turn Instead to Ether and XRP (CoinDesk)

Oops: UBS agrees to pay $388 million over Credit Suisse's Archegos failings (Reuters)

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