Closing Bell Movers: Texas Instruments up 8%, F5 up 11% on earnings

The S&P 500 closed higher for the 5th consecutive session on Tuesday, with Tech and Utilities as the top performing sectors, and while the index continues to flirt with the 7,000 level, a breach remains elusive.  This may finally change on Wednesday however, as the earnings calendar finally arrived for the Tech heavyweights with reports from notable Hardware names, and the results have not disappointed.  Afterhours, Texas Instruments (TXN) is up over 8% and Seagate (STX) is up 8% following results, while Western Digital (WDC) is up 6% and Sandisk (SNDK) is up 3% in sympathy.  Futures are also pointing higher – S&P e-minis are up 0.1% and Nasdaq 100 contract is up 0.3%,

In commodities, precious metals are on offense one again after a day of consolidation with gold above $5,160 and Silver above $112 as President Trump was explicit in his comments that he is not concerned with weaker US Dollar over the past few days.  In commodities, WTI Crude Oil is also adding to gains above $62 per barrel level in the wake of API inventories data showing a modest draw after two weeks of relatively large builds.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• Stride (LRN) up 31.2%
• F5, Inc. (FFIV) up 10.4%
• Texas Instruments (TXN) up 8.5%
• Seagate (STX) up 7.8%; Western Digital Corporation (WDC) up 5.8%; Sandisk Corporation (SNDK) up 3.4% in sympathy
• Nextpower (NXT) up 7.8%

ALSO HIGHER –

• LegalZoom.com (LZ) up 4.5% after S&P SmallCap 600 admission
• American Healthcare REIT (AHR) up 4.0% after S&P MidCap 400 admission
• Amneal Pharmaceuticals (AMRX) up 3.6% after S&P SmallCap 600 admission
• Apellis Pharmaceuticals (APLS) up 3.6% after S&P SmallCap 600 admission
• Dutch Bros (BROS) up 2.9%  after S&P MidCap 400 admission

DOWN AFTER EARNINGS –

• Qorvo (QRVO) down 10.1%
• Greif (GEF) down 3.3%
• Logitech International S.A. (LOGI) down 1.3%

ALSO LOWER –

• Venu Holding  (VENU) down 18.3% after equity offering
• StandardAero (SARO) down 4.3% after equity offering