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Why Semiconductor Stocks Are Falling & Earnings from BA, T, UPS

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On today’s episode of Free Lunch, Ryan McQueeney recaps the morning’s top earnings reports from Boeing, AT&T, United Parcel Service, and Northrop Grumman. Later, he explains why Texas Instruments’ tepid guidance is causing semiconductor stocks to fall today.

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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, Facebook Live, Twitter, Ustream, and more.

U.S. stocks were down again on Wednesday morning as mixed earnings reports and pressure in the semiconductor industry had investors spooked.

Boeing (BA - Free Report) was able to cool some of that fear with its earnings results, as the aerospace giant managed to beat estimates and raise its guidance. However, sluggish profit results from the likes of A&T (T - Free Report) , trade war woes at UPS (UPS - Free Report) , and an apathetic response to Northrop Grumman’s (NOC - Free Report) overshadowed this positivity.

On the first half of today’s show, Ryan recaps the results of this morning pre-market reporters. Which numbers were investors reacting to today? Find out on Free Lunch!

Later, Ryan highlights the latest earnings results of Texas Instruments (TXN - Free Report) and points to a number of tepid comments made by the company’s management. The semiconductor giant issued a warning about a slowdown in the industry, confirming the fears of Wall Street.

Make sure to check out the second half of today’s episode for more on this idea, as Ryan reviews what TXN said and why it might affect other chipmakers. Semiconductor stocks have been underperforming the broader market this year, and Ryan wants to get to the bottom of it.

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