Tech Stocks Gain Ahead of Apple (AAPL) Earnings

All the major indicies are pushing 1% gains after the weekend break, despite mixed results in the early morning. As is usually the case, the Russell 2000 is leading the way up, adding 1.08% with 1285 stocks advancing and 645 declining.

Technology stocks rose Monday as the market prepares for more earnings reports. Apple (Nasdaq:AAPL) is expected to beat analyst EPS estimates of $1.42 when the company reports after the bell. Chip-maker Texas Instruments (Nasdaq:TXN) is also on deck. I'm looking to Texas Instruments for more signs that semiconductor demand is increasing for businesses and that this recovery has legs. 

Last week I looked at two small-caps on the Top Daily Gainers list that are worth taking a second look at: Autochina International (Nasdaq:AUTC), and Brooks Automation (Nasdaq:BRKS). Autochina International is a recently listed stock that finances commercial vehicles and operates a network of after-sales service stations in China. The stock added another 10% today.

As you know, I'm bullish on Chinese stocks in general, because the Chinese government has the cash on hand to support its economy. And China has shown that it will put that money to work. I have several Chinese stocks in the SmallCapInvestor PRO portfolio that are showing excellent returns.

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