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Market Moving Tech Stocks Reporting Earnings After The Close



July 25, 2011 – Comments (0)

After the closing bell, leading internet movie rental provider Netflix Inc.(NASDAQ:NFLX) will report earnings. This stock is a market leader and will have a major effect on the Nasdaq 100 tomorrow. Shares of Netflix stock are trading higher this afternoon by $7.18 to $283.74 a share. This stock has held up well since breaking out on July 5, 2011. Whenever a leading stock reports earnings it is always a gamble as to how the stock will react after the earnings are released.

Texas Instruments Inc.(NYSE:TXN) is another leading technology stock that will report earnings after the close today. This leading semiconductor stocks is trading lower by 0.30 cents to $31.47 a share this afternoon. Traders must be aware that the Texas Instruments earnings report can impact the semiconductor sector tomorrow morning. Recently, the stock has been trading below all of the major daily chart moving averages which is a slight negative for the stock. On the positive side, Texas Instruments stock has traded off of its recent daily chart low of $30.17 a share. Once again, trading a stock into earnings is very risky.

Broadcom Corp.(NASDAQ:BRCM) is scheduled to report earnings after the bell. This leading semiconductor stock has been rallying higher since making a June 20, 2011 pivot low at $30.71 a share. The stock is trading lower this afternoon by 0.72 cents to $34.76 a share. Traders must keep a close eye on the reaction to Broadcom's earnings. This stock is a market leading semiconductor stock and a part of the NASDAQ 100.

Nicholas Santiago

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