Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, September 14, 2007

Article Excerpt

TEXAS INSTRUMENTS INC. $34.68, New York symbol TXN, is the world’s largest maker of cellphone chips, and investors use its results to gauge the prospects of the technology industry. The company now predicts it will earn between $0.49 a share and $0.53 a share in the third quarter of 2007. That’s up from an earlier forecast of $0.46 to $0.52. The company also forecast a slight gain in revenues. However, the stock fell $1 due to weak growth in new orders. Customers have been working down excess chip inventories in the past few months, and ordering fewer replacements due to fears of an economic slowdown. But Texas Instruments is doing a good job of holding down its costs, which will help it cope with lower volumes. Texas Instruments is a buy for aggressive investors. ALCOA INC. $35.48, New York symbol AA, has sold its 7% stake in China’s leading aluminum producer for roughly $2 billion. That’s 43% more than the $1.4 billion or…