Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for May, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- What is the Stock Market's Achilles Heel?
- 3 Dividend Stocks at Reasonable Prices
- RTI: Are You Doing the Elon Musk Trade?
- Buy These ETFs to Profit from "Sector Rotation"
- Oil & Gas Industry Stock Outlook - May 2013
- Uncharted Territory
- 4 Ways to Short Oil with ETFs
- Options Strategies & the Zacks Rank
- This Week's Growth & Income Stocks
- AWS 5/17: The Fed: The Only Game in Town
- PFP 5/17: The ONLY Investment Story
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Texas Instruments Inc. ( TXN - Analyst Report ) or "TI" recently announced its plans to cut more than 500 jobs at its French research and development plant in Villeneuve-Loubet region, near Nice. The headcount reduction is scheduled to be complete in the next few months.
The Villeneuve-Loubet facility makes microprocessors used in smartphones and tablets. Of late, some of its prime customers including Apple Inc. ( AAPL - Analyst Report ) started developing the chips internally, giving TI’s business a jolt. Eventually, the company planned to shift its focus to industrial and automotive customers, which led to these 517 jobs cuts. Currently, Texas Instruments employs 609 people in France.
Last month, the company announced that it plans to eliminate 1,700 jobs worldwide in order to reduce operational costs. This layoff is an attempt by the company to optimize its cost structure and cut spending in its wireless business.
Though the company has made chips for devices such as Motorola Droid and Amazon’s ( AMZN - Analyst Report ) Kindle Fire tablet; Qualcomm ( QCOM - Analyst Report ) and Samsung are far ahead in the race. The increasing competition from players such as these as well as in-house development efforts of large customers has led TI to turn away its focus from the segment.
Management is now looking to restructure its businesses by focusing on its OMAP processors and wireless connectivity on embedded solutions for the automobiles, industrial and other non-consumer markets, which have a longer life cycle.
To continue its strong global growth momentum and increase its market share, TI needs to refine its cost structure. We believe the restructuring action will bring in stability and steady earnings growth in the near future. The longer-cycle businesses will also lend stability to its revenues and the more favorable competitive climate could help it generate stronger margins.
Texas Instruments is one of the largest suppliers of analog and digital signal processing (DSP) integrated circuits. The company’s compelling product lineup, increasing differentiation in its business, restructuring activities and lower-cost 300mm capacity should drive earnings in the longer term.
The company’s third-quarter earnings were up 27.2% sequentially and exceeded the Zacks Consensus Estimate by 17 cents or 37.8%.
Currently, Texas Instruments has a Zacks #3 Rank (Hold).
Read the full Analyst Report on AMZN
Read the full Analyst Report on TXN
Read the full Analyst Report on AAPL
Read the full Analyst Report on QCOM