Keep an Eye on These 2 Upgraded Stocks This Week

NASDAQ: TXN | Texas Instruments Inc. News, Ratings, and Charts

TXN – Many analysts still see the possibility of the economy avoiding a recession, despite the possibility of further aggressive interest rate hikes. Moreover, consumer confidence surged in September. Therefore, quality stocks Texas Instruments (TXN) and Energy Transfer (ET), which were recently upgraded in our proprietary rating system, could be ideal additions to your watchlist this week. Read on….

The Federal Reserve raised the benchmark interest rate by 75 basis points in September for a third consecutive time. Amid widespread macro headwinds, the Conference Board has estimated a 96% likelihood of a recession in the United States within the following year.

However, Treasury Secretary Janet Yellen remains hopeful about the U.S. economy’s strength in avoiding a recession. She said, “We want to see a strong labor market and inflation coming down to more normal levels.”

In addition, consumer confidence improved in September for the second consecutive month, supported by jobs, wages, and declining gas prices. Moreover, the Expectations Index, calculated based on consumers’ short-term outlook for income, business, and labor market conditions, increased last month.

Given the backdrop, fundamentally sound stocks Texas Instruments Inc. (TXN - Get Rating) and Energy Transfer LP (ET - Get Rating) could be ideal additions to your watchlist. These stocks were recently upgraded in our proprietary rating system.

Texas Instruments Inc. (TXN - Get Rating)

TXN designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog; and Embedded Processing. It markets and sells its semiconductor products through direct sales, distributors, and a website. 

TXN’s revenue came in at $5.21 billion for the second quarter that ended June 30, 2022, up 13.8% year-over-year. Its net income increased 18.6% year-over-year to $2.29 billion. Moreover, the company’s EPS came in at $2.45, up 19.5% year-over-year. 

Analysts expect TXN’s revenue to increase 10% year-over-year to $20.18 billion in 2022. Its EPS is estimated to increase 14.5% year-over-year to $9.46 in 2022. It surpassed EPS estimates in all four trailing quarters. Over the past three months, the stock has gained marginally.

On September 29, TXN’s overall rating was upgraded to B, which equates to a Buy in our POWR Ratings system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

TXN has a B grade for Sentiment and Quality. It is ranked #35 out of 92 in the B-rated Semiconductor & Wireless Chip industry. Click here to see the additional POWR Ratings for TXN (Growth, Momentum, Stability, and Value).

Energy Transfer LP (ET - Get Rating)

ET provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, three natural gas storage facilities in Texas, two natural gas storage facilities located in the state of Texas and Oklahoma, and 19,830 miles of interstate natural gas pipeline.

On August 24, 2022, ET announced that its subsidiary, Energy Transfer LNG Export, LLC, entered into a 20-year LNG Sale and Purchase Agreement with Shell NA LNG LLC related to its Lake Charles LNG project. Under the agreement, Energy Transfer LNG will supply Shell with 2.1 million tonnes of LNG per annum. This collaboration is expected to generate mutual long-term benefits for both companies.

ET’s revenues came in at $25.95 billion for the second quarter that ended June 30, 2022, up 71.8% year-over-year. Its net income increased 111.8% year-over-year to $1.33 billion. In addition, its EPS increased 95% year-over-year to $0.39. 

ET’s revenue is expected to increase 32.8% year-over-year to $89.53 billion in 2022. It has surpassed EPS estimates in three of four trailing quarters. Over the past nine months, the stock has gained 35.2%.  

ET’s overall rating was upgraded to B (Buy) in our POWR Ratings system on September 29. It has an A grade for Momentum and a B grade for Value.

The stock is ranked #35 out of 94 stocks in the B-rated Energy – Oil & Gas industry. We’ve also rated ET for Sentiment, Growth, Stability, and Quality. Get all the ET ratings here.

Want More Great Investing Ideas?

3 Stocks to DOUBLE This Year


TXN shares were trading at $158.56 per share on Monday morning, up $3.78 (+2.44%). Year-to-date, TXN has declined -14.18%, versus a -22.65% rise in the benchmark S&P 500 index during the same period.


About the Author: Riddhima Chakraborty


Riddhima is a financial journalist with a passion for analyzing financial instruments. With a master's degree in economics, she helps investors make informed investment decisions through her insightful commentaries. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
TXNGet RatingGet RatingGet Rating
ETGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Stock Market Update: It’s Complicated!

The S&P 500 (SPY) may have bounced 17% from recent lows, but the outlook for stocks from here is...in a word...COMPLICATED. Read on to get Steve Reitmeister full market outlook and trading plan for this complicated market environment.

Becoming More Bullish on Stocks, But...

Stocks are on a roll with the S&P 500 (SPY) up more than 10% from the recent lows. Before you start getting too giddy, you should read this updated market outlook and trading plan Steve Reitmeister.

Stock Market Held Hostage

Uncertainty is the term most often applied to this stock market. Uncertainty over tariffs. Uncertainty of whether the S&P 500 (SPY) will fall into bear territory. Uncertainty over what happens next. Steve Reitmeister dives into the uncertainty to make sense of the market in this week’s commentary...

Stock Market Standing on the 50 Yard Line

Steve Reitmeister contemplates where the stock market stands now and what happens next in trying to stay on the right side of the market action. One path points to bear and one to new highs for the S&P 500 (SPY). Which will it be?

Bear or Bull Market?

The S&P 500 is on the brink of bear market territory...but that outcome is not a given at this time. Steve Reitmeister shares insights gleaned from his 45 years of investing to shine a light on current conditions along with his top picks...

Read More Stories

More Texas Instruments Inc. (TXN) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All TXN News