Yahoo finance API is not available right now, please try again soon...

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.

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.

Continue to Next Part

Browse this series on Market Realist:

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

Article Source: finance.yahoo.com
Stock Market

Stock Market

* 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.

FAIR USE POLICY Below: All clips are cited with references in this video.
US Copyright Act of 1976 17 U.S.C. ? 107 allows for the use of work that is used for comment, criticism, or education and is non-profit in nature. Please see the provision below…
Notwithstanding the provisions of sections 17 U.S.C. ? 106 and 17 U.S.C. ? 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include:
the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes;
the nature of the copyrighted work;
the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and
the effect of the use upon the potential market for or value of the copyrighted work.
The fact that a work is unpublished shall not itself bar a finding of fair use if such finding is made upon consideration of all the above factors.

Stock Market

Tags: , , , ,
Previous Post
oil-pipeline-2415
Europe

Futures Lower, Global Stock Rally Loses Steam

Next Post

Ex-Goldman Banker Faces Criminal Case in Leak From Fed

Comments

    • Nicholas Awesomepants
    • October 26, 2015

    Illuminati confirmed

    View Comment
    • Tom MacDonald
    • October 26, 2015

    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
    • sara of gaia
    • October 26, 2015

    Nice catch, thank you :-)

    View Comment
    • Doug Robinson
    • October 26, 2015

    The mark of the beast!

    View Comment
    • Art Zavala
    • October 26, 2015

    THIS. IS. STUPID.

    View Comment
    • dknight78
    • October 26, 2015

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

    Are you going to apologize on September 15?

    View Comment
    • montyp1369
    • October 26, 2015

    Anyone who believes this piss needs a frontal lobotomy

    View Comment
    • Tess S
    • October 26, 2015

    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
    • AJ Boni (youareit)
    • October 27, 2015

    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
    • DiAnna Malone
    • October 27, 2015

    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
%d bloggers like this: