Entrepreneur
Kurra Bewarse Username: Entrepreneur
Post Number: 3914 Registered: 05-2011 Posted From: 24.164.46.35
Rating: N/A Votes: 0 | Posted on Wednesday, January 12, 2022 - 5:34 pm: | |
Sector Briefing: Technology (168.92 +0.97) Seven sectors display gains with the top-weighted technology sector (+0.6%) trading just behind real estate (+0.6%). Key factors driving today's performance include: Positive start in top components like Apple (AAPL 175.99, +0.91, +0.5%), Microsoft (MSFT 319.77, +4.79, +1.5%), and NVIDIA (NVDA 280.47, +2.30, +0.8%) and gains in roughly half of the remaining sector components helping the top-weighted group extend this week's gain to 1.8%. Good showing from chipmakers. The PHLX Semiconductor Index is up 0.4% with all but eight of its components trading higher. Notable movers: Applied Materials (AMAT 155.92, +3.47, +2.3%): best performer in the sector, rallied to a one-week high before narrowing its gain. KLA Corp (KLAC 435.36, +9.75, +2.3%): rising toward its December high (442.44). Microsoft (MSFT 319.77, +4.79, +1.5%): rising to a one-week high. The U.K.'s CMA announced a March 9 deadline for phase 1 decision in the investigation of Microsoft's acquisition of Nuance (NUAN 55.37, +0.13, +0.2%). Accenture (ACN 379.37, +5.23, +1.4%): rising back above its 50-day moving average (378.45). Stock went ex-dividend today. Salesforce (CRM 237.71, +2.87, +1.2%): rising to a one-week high. Lam Research (LRCX 679.29, +6.08, +0.9%): returning to levels from Friday. Visa (V 216.26, +1.88, +0.9%): rising above Friday's low. NVIDIA (NVDA 280.47, +2.30, +0.8%): seeking its third consecutive gain. Mastercard (MA 369.02, +2.73, +0.7%): hit a fresh high for the week before narrowing its gain. Qualcomm (QCOM 186.47, +1.07, +0.6%): touched a one-week high before narrowing its gain. Texas Instruments (TXN 185.70, +1.06, +0.6%): trading near yesterday's high. Apple (AAPL 175.99, +0.91, +0.5%): seeking its third consecutive gain. Cisco (CSCO 62.25, -0.12, -0.2%): on track for its first loss in a week. Oracle (ORCL 88.03, -0.45, -0.5%): slipping back toward its 200-day moving average (86.83). Intel (INTC 55.52, -0.38, -0.7%): touched its best level since late July before turning negative. PayPal (PYPL 187.60, -3.92, -2.1%): slipping into the lower half of yesterday's range. Jefferies downgraded the stock to Hold from Buy with a $200 target. Paycom Software (PAYC 357.02, -10.18, -2.8%): weakest performer in the sector, slipping to the midpoint of its range from Monday. |