PreMarket Prep Stock Of The Day: Will NXP Semiconductors Continue To Rally Despite Market Retreat? On days like this (Tuesday), which got off to a bad start on Monday after the close with Walmart Inc.''s (NYSE: WMT ) rare guidance cut, there are still stocks that will move higher. Of course, an issue will need a positive catalyst to do so and NXP Semiconductors NV (NASDAQ: NXPI ) did with a second-quarter beat. Dennis Dick , co-host of the PreMarket Prep Show, identified it as an issue that may rally despite the retreat in the broad market, making it the PreMarket Prep Stock Of The Day. What A Rally: On July 5, the issue bottomed at $140.33 and rebounded to close at $145.91. That marked the lowest level for the issue since it bottomed in November 2020 at $136.02. So far, the rebound off that low has been capped with a double top from last Thursday at $180.14 and Friday at $180. Also, the highest close for the rally was made last Thursday at $179.95. The issue drifted lower on Friday … Full story available on Benzinga.com