Rate this post by selecting a number. 1 is the worst and 5 is the best.

Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3878 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Wednesday, January 05, 2022 - 1:29 pm:    Sector Briefing: Technology (171.81 -1.85) Four sectors trade in negative territory, including top-weighted technology (-1.1%), which sits only ahead of real estate (-1.6%) on today's leaderboard. Key factors driving today's performance include: Weak showing from top components like Apple (AAPL 179.16, -0.54, -0.3%), Microsoft (MSFT 321.66, -7.35, -2.2%), and NVIDIA (NVDA 284.10, -8.80, -3.0%) and losses in roughly half of the remaining components of the sector. Slight outperformance among chipmakers. The PHLX Semiconductor Index trades ahead of the tech sector, but it is still down 0.4% as 2/3 of the group's components sit in the red. The SOX Index has narrowed this week's gain to 1.1% versus a 1.2% week-to-date loss in the tech sector. Notable movers: Enphase Energy (ENPH 165.30, -12.98, -7.3%): weakest performer in the sector, falling past its 200-day moving average (175.03). Stock was downgraded to Neutral from Buy with a $187 target at BofA Securities. Salesforce (CRM 233.68, -14.55, -5.9%): falling to its lowest level since June. UBS downgraded the stock to Neutral from Buy. Adobe (ADBE 527.43, -26.58, -4.8%): falling past its December low to its lowest level since early June. UBS downgraded the stock to Neutral from Buy. AMD (AMD 139.91, -4.51, -3.1%): falling past its 50-day moving average (143.28) to a two-week low. NVIDIA (NVDA 284.10, -8.80, -3.0%): trading near yesterday's low. Microsoft (MSFT 321.66, -7.35, -2.2%): slipping toward its December low (317.25). Broadcom (AVGO 657.93, -13.00, -1.9%): surrendering yesterday's gain. Oracle (ORCL 87.48, -1.36, -1.5%): slipping back toward its 200-day moving average (86.38). Apple (AAPL 179.16, -0.54, -0.3%): slipped to Monday's low before narrowing its loss. Seagate (STX 116.77, +0.75, +0.7%): rising to a fresh record high. HP (HPQ 39.53, +0.33, +0.9%): rising to a fresh record high. Visa (V 223.74, +1.28, +0.6%): rising toward its 200-day moving average (225.42). Mastercard (MA 380.51, +5.12, +1.4%): hit its best level since early August before narrowing its gain. Micron (MU 98.32, +1.98, +2.1%): rising past its high from 2000 to a fresh record. Qualcomm (QCOM 193.19, +5.96, +3.2%): rising to a fresh record high. Intel (INTC 55.36, +2.22, +4.2%): best performer in the sector, rallying back above its 200-day moving average (54.91) to its best level since late October. Northland Capital upgraded the stock to Outperform from Market Perform with a $62 target.