NEW YORK ( TheStreet) -- The markets rallied Monday as tech stocks showed continued strength. The Dow Jones Industrial Average gained 108.68, or 0.92%, to 11,980.52. The S&P 500 added 7.49, or 0.58%, to 1,290.84. The Nasdaq rose 28.01, or 1.04%, to 2,717.55. Guy Adami said on CNBC's "Fast Money" TV show that Texas Instruments' ( TXN) earnings were fine but that the stock had run up 20% since its third-quarter earnings. He said he was looking for a pullback to buy it cheaper. Joe Terranova said the chip company is vulnerable to any hiccup in Asia, which accounts for 60% of its revenues. For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
3 Stocks I Saw on TV
Brian Kelly said Texas Instruments' earnings, combined with VMware's ( VMW) comments on corporate spending gave a good read through the rest of the tech space. Adami said IBM ( IBM) has the most reasonable valuation in the tech space. CNBC reporter Jon Fortt said VMware noted data center modernization has been driving its business. He said the margins, at 29.6%, were in line. Kelly recommended a derivative trade such Teradyne ( TER) which is receiving orders from larg -cap companies for its chip testing equipment. In after-hours trading, American Express ( AXP) was trading lower after its profits missed estimates. Weiss said the credit card company is bogged down by regulatory issues. He said he would rather move on an invest in other companies that are participating in the consumer revival. "There's nothing exciting to generate alpha in a portfolio." In an interview with CNBC reporter Mary Thompson, AIG ( AIG) CEO Ben Benmosche said doctors had told him that the chemo treatment he's been taking for cancer has worked well. He said he expects to stay on the job for another 12 to 18 months until a successor is chosen. He said the company has to do a better job of promoting itself. Noting CSX's ( CSX) revenue beat today, Kelly said the rail company has been helped by higher auto shipments. Seymour said the numbers of CSX has been so so good that it's hard to see them getting any better.