Dow Jones futures edged lower overnight, along with S&P 500 futures and Nasdaq futures. Tesla's new Model Y is in focus.The stock market rally saw further gains Thursday. The Dow Jones led and the S&P 500 hit a fresh high.

Texas Instruments is in a decent financial position with $8.8 billion of cash on hand as of September 2024, versus $13.9 billion of debt. The firm has indicated it will continue to borrow as long as interest rates are below either the rate of inflation or the company's dividend yield,

Some of Texas Instruments' markets are "already on the cyclical upturn," Chief Executive Haviv Ilan said on the earnings call, according to a FactSet transcript. But in terms of the big industrial and automotive markets, he and his team "haven't seen the bottom yet," Ilan added.

Investing.com - Chipmaker Texas Instruments reported Thursday soft earnings guidance for the current quarter that overshadowed fourth-quarter results that topped analysts' expectations on both the top and bottom lines.

The semiconductor company predicts a return to growth after more than two years of revenue declines, but the industrial and automotive markets have yet to bottom.

Texas Instruments (NASDAQ:TXN) received a reiterated Buy rating and a $250.00 price target from Rosenblatt analysts ahead of its fourth-quarter earnings report, which is scheduled for release after the market closes on January 23,

Boeing (NYSE: BA) fell 3% after it issued preliminary fourth quarter results that trailed estimates. Results were impacted by the International Association of Machinists and Aerospace Workers (IAM) work stoppage and agreement, as well as charges in the defense segment.

UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) shares were up 8.3% on Friday . The company traded as high as $6.65 and last traded at $6.76. Approximately 1,518,371 shares changed hands during trading,

AXT, Inc. (NASDAQ:AXTI – Get Free Report) has been given a consensus rating of “Buy” by the five brokerages that are covering the stock, Ratings reports. Five investment analysts have rated the stock with a buy rating.

StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a research report released on Tuesday. The brokerage issued a sell rating on the business services provider’s stock.

The major indexes added to strong weekly gains. Tesla and AI chipmakers such as Nvidia and Arm are testing key levels.