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Last Update: 08-Feb-13 11:21 ET
S&P Information Technology Index (+1.2%) trading higher today, ahead with the broader market
The tech sector is trading higher today, ahead of gains in the broader market. Semiconductors are showing strength as well with the SOX trading 1.0% higher. Within the chip index, NXPI (+3.8%) is a notable standout. Among other major indices, the SPY is trading 0.5% higher today, while the QQQ is up 1.2% and the NASDAQ is trading 0.9% higher on the session. Among tech bellwethers, AAPL (+1.8%) is showing notable strength, while VZ (-0.2%) is under pressure.
In tech earnings last night, LNKD (+18.3%) reported a solid beat and upside guidance, RVBD (-18.4%) posted an inline qtr but guided much lower, ATVI (+13.8%) posted a beat and offered conservative guidance, and OPEN (+0.8%) reported a slight beat and guided just lower. Among rumors, there are reports of 5 inch AAPL (+1.9%) iPhone spotted at supplier are circulating this morning. There's also STX (+3.8%) LBO chatter making the rounds. Among notable analyst upgrades this morning in the tech space, NTES (+5.8%) was upgraded to Buy at Deutsche Bank, VOD (+1.9%) was upgraded to Buy at BofA/Merrill, ALU (+4.2%) was upgraded to Overweight at Morgan Stanley, ARMH (-0.5%) was upgraded to Outperform at Credit Suisse, ATVI (+13.9%) was upgraded to Buy at Sterne Agee and LNKD (+18.3%) was upgraded to Buy at Credit Agricole. Also of note, GOOG (+1.4%) was added to Best Ideas List at Morgan Stanley. Among downgrades, RVBD (-18.4%) was downgraded at FBR and Cantor, NUAN (-19.1%) was downgraded at Needham, Stifel, and Craig Hallum following dissapointing earnings, and IT (-1.1%) was downgraded to Neutral at Piper
In tech earnings last night, LNKD (+18.3%) reported a solid beat and upside guidance, RVBD (-18.4%) posted an inline qtr but guided much lower, ATVI (+13.8%) posted a beat and offered conservative guidance, and OPEN (+0.8%) reported a slight beat and guided just lower. Among rumors, there are reports of 5 inch AAPL (+1.9%) iPhone spotted at supplier are circulating this morning. There's also STX (+3.8%) LBO chatter making the rounds. Among notable analyst upgrades this morning in the tech space, NTES (+5.8%) was upgraded to Buy at Deutsche Bank, VOD (+1.9%) was upgraded to Buy at BofA/Merrill, ALU (+4.2%) was upgraded to Overweight at Morgan Stanley, ARMH (-0.5%) was upgraded to Outperform at Credit Suisse, ATVI (+13.9%) was upgraded to Buy at Sterne Agee and LNKD (+18.3%) was upgraded to Buy at Credit Agricole. Also of note, GOOG (+1.4%) was added to Best Ideas List at Morgan Stanley. Among downgrades, RVBD (-18.4%) was downgraded at FBR and Cantor, NUAN (-19.1%) was downgraded at Needham, Stifel, and Craig Hallum following dissapointing earnings, and IT (-1.1%) was downgraded to Neutral at Piper
