Why Is the Large-Cap Tech Sector Recording Gains?

Why Is the Large-Cap Tech Sector Recording Gains?

Technology large-cap stocks had a large gain on Friday

Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Apple (AAPL) are some of the top holdings in the large-cap technology sector (QQQ). These stock have shown sudden increases in the last few days, mainly due to these companies' better-than-expected earnings.

On Friday, Amazon stock rose 6%, Alphabet rose 8%, Microsoft rose 10%, and Apple rose 3%, as the chart below shows. Amazon surprised investors with its second straight net profit and a healthy 23% revenue growth. Alphabet's stock rose because of the strong gains it made in the mobile search space. The company also surprised its investors by announcing spending of around $ 5.1 billion in share buybacks over an undisclosed period. This move has never occurred in Google's 11-year history as a publicly traded company.

gains

Apple's stock rose on expectations of another robust earnings quarter

Microsoft's stock made interesting moves on Friday. Its stock crossed the 15-year-old barrier of $ 51 to close at $ 52.87 on the back of better-than-expected revenues and earnings per share.

Apple will announce its fiscal 4Q15 earnings on October 27. Analysts expect another robust quarter for Apple, as users have received new iPhones the iPhone 6S and iPhone 6S very well. Please note that the iPhone accounted for 63% of Apple's revenues in the quarter that ended in June, so the company depends a lot on iPhones for its growth. A number of other promising businesses for Apple--such as Apple Pay, Apple Watch, Apple TV, and the iPad Pro--could also help drive growth in the near future.

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  • Part 2 – Cloud Plays Important Role in Driving Large-Cap Tech Sector

Article Source: finance.yahoo.com
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* I don’t know why I did this, but I felt I needed to record a clip by CNN about the “tech glitch” where a CNN reporter clearly indicates that a list of “problematic stocks” was circulated to traders and stockbrokers on the floor before the market opened. This CNN news clip has since been removed, and I can’t find it anywhere. I don’t think this was a real situation, but was rather a test run for what is coming in September, specifically on Elul 29.

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11 Responses to “Why Is the Large-Cap Tech Sector Recording Gains?”

  1. Nicholas Awesomepants

    Illuminati confirmed

    View Comment
  2. Tom MacDonald

    A List of Companies was handed out on Floor of NYSE BEFORE trading began-CNN then pulls story 5 hours later!! Very Suspicious

    New York Stock Exchange "Tech Glitch" Exposed: The REAL REASON for the July 8, 2015 Shut Down

    Join Cape Breton Nova Scotia Daily Brew: http://caperbuzz.com
    Follow Me: https://plus.google.com/+TomMacDonald/

    View Comment
  3. sara of gaia

    Nice catch, thank you :-)

    View Comment
  4. Doug Robinson

    The mark of the beast!

    View Comment
  5. Art Zavala

    THIS. IS. STUPID.

    View Comment
  6. dknight78

    You're mildly (okay, extremely) insane. What fun for you!

    Are you going to apologize on September 15?

    View Comment
  7. montyp1369

    Anyone who believes this piss needs a frontal lobotomy

    View Comment
  8. take a lot a the magazine put out by thefor 2015 economist front page middle bottom of the page you see a chart the shows the stock market crashes arrows pointing down!!?//*

    View Comment
  9. AJ Boni (youareit)

    I was watching Fox Business News as the market opened and they had a similar discussion on the Varney show. My recollection was the female reporter on the floor saying a list of 220 stocks with problems had been circulated..so yes something strange now when added to the extended outage that soon developed from the alleged "software glitch"..

    View Comment
  10. DiAnna Malone

    Published on Jul 9, 2015
    I don't know why I did this, but I felt I needed to record a clip by CNN about the "tech glitch" where a CNN reporter clearly indicates that a list of "problematic stocks" was circulated to traders and stockbrokers on the floor before the market opened. This CNN news clip has since been removed, and I can't find it anywhere. I don't think this was a real situation, but was rather a test run for what is coming in September, specifically on Elul 29.

    View Comment

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