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Live Coverage Has Ended

Good news for Analog, too

Photo of Joel South
By Joel South Published

Live Blog Update #2 Published

← Back to Full Coverage: Stock Market Live July 21: S&P 500 (VOO) Inches Higher on More Good Earnings News

It’s probably worth mentioning that Texas Instruments isn’t the only stock Seaport upgraded today. Analyst Jay Goldberg similarly upgraded Analog Devices (Nasdaq: ADI | TXN Price Prediction), also to neutral, and for exactly the same reason it upgraded TI.

Analog Devices stock is up 1.3%, TI is now up 0.7%, and the Voo is up 0.6%.

Contact [email protected] for any questions or corrections.

All Updates from Live Coverage

Stocks Drop Near the End of Trading

| Joel South
Live

Stocks lost momentum near the end of trading with the Dow Jones closing down slightly while the Nasdaq posted the best gains among major indexes.

  • Dow Jones: -19.12 (-.04%)
  • S&P 500: +8.81 (+.14%)
  • Nasdaq Composite: +78.52 (+.38%)

Energy stocks performed the worst (-1.08%) while Communications Services gained 1.28% thanks to Alphabet‘s (Nasdaq: GOOG) strong gains.

Bullish on Verizon

| Joel South
Live

Circling back to Verizon and its morning earnings beat, Goldman Sachs analyst James Schneider has reviewed the news and says Verizon stock should hold onto hold its gains after raising guidance for both EBITDA and free cash flow. Although the decline in wireless subscribers was a surprise, Schneider thinks they were actually “better than feared. The analyst is keeping his buy rating on the stock, and Verizon stock is up 5.3%.

Texas's Star Rises

| Joel South
Live

In happier analyst news, Seaport Global Securities analyst Jay Goldberg upgraded Texas Instruments (Nasdaq: TXN) today. Removing his sell rating on the stock, Goldberg upgraded to neutral. “We thought the analog inventory cycle was not going to improve and the macro economy was slowing,” aid the analyst. “We were wrong. While we see no strong catalysts, it now appears conditions will not deteriorate and inventories may start to improve.”

Texas Instruments is trading 0.8% higher in the market’s opening minutes. The Voo is now up 0.2%.

View Full Live Blog (4 Updates)
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Photo of Joel South
About the Author Joel South →

Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.

He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.

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