US STOCKS-Futures edge up as focus shifts to earnings

                                
 * Texas Instruments issues sales warning
                                
 * Goldman Sachs earnings on deck
                                
 * Futures up: Dow 12 pts, S&P 1.8 pts, Nasdaq 2.25 pts
                                
 * For up-to-the-minute market news see [STXNEWS/US]
 (Updates with comment, updates prices)
                                
 By Chuck Mikolajczak
                                
 NEW YORK, April 19 (Reuters) - U.S. stock index futures
edged higher on Tuesday as investors searched the latest raft
of corporate profits for a reason to rebound from Monday's
selloff.
                                
 Wall Street fell more than 1 percent on Monday as sovereign
debt fears on both sides of the Atlantic and China's monetary
tightening hurt the outlook for global economic growth.
                                
 The benchmark S&P 500 index managed to hold above the
psychologically important 1,300 level but fell through its
50-day moving average, a level investors will watch for signs
of further weakness.
                                
 "Given the jolt the market took yesterday, a refocus on
market fundamentals could be a welcome distraction," said Andre
Bakhos, director of market analytics at Lek Securities in New
York.
                                
 "Right now, we have to look for some stability above 1,300
and from that point we have to re-establish the primary near
term trend.
                                
 Texas Instruments Inc <TXN.N> fell 1.7 percent to $34.20 in
premarket trading after the chip maker warned of
slower-than-usual quarterly sales growth. As Texas Instruments
scrambles to restart production after Japan's earthquake, the
company said it was unclear when the supply of the silicon and
wafers it needs will return to normal. For details, see
[ID:nN18221973]
                                
 Goldman Sachs is expected to report sharply lower quarterly
earnings due to weak trading and a charge for buying back
preferred stock from Warren Buffett's Berkshire Hathaway
<BRKa.N>. Analysts surveyed by Thomson Reuters on average
expect Goldman to post first-quarter earnings of 82 cents per
share, down from $5.59 a year earlier. [ID:nN18231110]
                                
 Bank of New York Mellon <BK.N>, one of the world's largest
custody banks, said first-quarter profit rose 4 percent, helped
by an increase in assets under custody and fee revenue.
[ID:nN18235963]
                                
 Companies also scheduled to report quarterly results on
Tuesday include Intel Corp <INTC.O>, International Business
Machines Corp <IBM.N>, Yahoo Inc <YHOO.O> and CSX Corp
<CSX.N>.
                                
 S&P 500 futures <SPc1> added 1.8 points and were slightly
above value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures <DJc1> gained 12
points and Nasdaq 100 futures <NDc1> rose 2.25 points.
                                
 Economic indicators on tap include March housing starts at
8:30 a.m. [1330 GMT].
                                
 Seagate Technology Plc <STX.O> advanced 2.6 percent to
$18.30 in premarket trading after it announced a deal to buy
Samsung Electronics Co's <005930.KS> hard disk business for
$1.4 billion in cash and stock. [ID:nL3E7FJ1PI]
                                
 Seagate posted a third-quarter profit below market
expectations on lower hard-drive shipments.
                                
 European shares rallied, with LVMH <LVMH.PA> and Burberry
<BRBY.L> results' beating forecasts. [.EU]
                                
 Asian stocks slid, falling further from a three-year high
hit last week.  [ID:nLDE73I01R]
                                
 (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)