S&P 500 Winners: Texas Instruments, Pulte Group, JDSU
The S&P 500 (NYSEARCA:SPY) is up today by 1.07% and stands at 1,307. These stocks are outperforming the general index.
Texas Instruments Inc. (NYSE:TXN): The chipmaker has seen its baseband processors designed into Nokia (NYSE:NOK) and Samsung feature phones, but it isn’t a major player in the Smartphone processor space. TXN shares recently traded at $33.79, up $2.72, or 8.75%. They have traded in a 52-week range of $24.34 to $36.71. Volume today was 22,432,569 shares versus a 3-month average volume of 10,436,300 shares. The company’s trailing P/E is 14.08, while trailing earnings are $2.40 per share.
Pulte Group, Inc. (NYSE:PHM): Previously bearish big players are betting on a rebound in housing, buying the stocks and bonds of builders such as Pulte after homebuilder confidence rose last month. PHM shares recently traded at $8.02, up $0.52, or 6.93%. They have traded in a 52-week range of $3.29 to $8.58. Volume today was 18,691,183 shares versus a 3-month average volume of 12,356,900 shares. The company’s trailing earnings are $-1.03 per share.
JDS Uniphase Corporation (NASDAQ:JDSU): Jefferies James Kisner is launching positive coverage on JDS Uniphase. While noting the harmful near-term impact Thai flooding is having on JDS and other optical component vendors, Kisner likes the company’s “near-trough valuation,” and thinks Street estimates are too low given new opportunities in markets such as gesture recognition. JDSU shares recently traded at $12.63, up $0.85, or 7.22%. They have traded in a 52-week range of $8.59 to $29.12. Volume today was 5,356,469 shares versus a 3-month average volume of 5,656,570 shares. The company’s trailing P/E is 45.11, while trailing earnings are $0.28 per share.