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Last Update: 14-Feb-13 10:52 ET
S&P Information Technology Index seeing little change, in-line with the broader market
The tech sector is seeing little change today. Semiconductors, however, are outperforming slightly as the SOX trades higher by 0.1%. Within the chip index, AMD (-2.2%) is a notable laggard. Among other major indices, the SPY is trading 0.1% higher today, while the QQQ and the NASDAQ are both down 0.1%.
Among tech bellwethers, AAPL (+0.3%) is outperforming slightly. Tech earnings continued rolling in last night. AMAT (+0.6%), ANGI (+30.2%), CSCO (-1.6%), NVDA (-0.4%), Z (+12.5%) beat on EPS and revs. ITRI (-8.7%) missed on EPS. This morning, DWRE (+9.5%) and SYNT (+0.8%) beat on earnings and revenue. In news, DELL (+0.4%) will hold a shareholder meeting to discuss the potential LBO. In notable analyst upgrades this morning in the tech space, HLIT (+2.8%) was upgraded to Buy at Maxim Group. RAX (-0.9%) was upgraded to Outperform at Raymond James. EZCH (+5.2%) was upgraded to Outperform at Oppenheimer. ARUN (+7.1%) was upgraded to ‘Overweight' at Morgan Stanley. Among downgrades, PLCM (-0.9%) was downgraded to Hold at Stifel Nicolaus. BCOR (+2.1%) was downgraded to ‘Hold' at Craig Hallum. DELL (+0.4%) was downgraded to Market Perform at Raymond James. NVDA (-0.4%) was downgraded to Hold at Needham. IFNNY (-0.2%) was downgraded to Underweight at HSBC. A (-0.2%), CRAY (-0.1%), LOGM (+0.7%), QLIK (+0.4%) are some of the notable tech names scheduled to report after the close.
Among tech bellwethers, AAPL (+0.3%) is outperforming slightly. Tech earnings continued rolling in last night. AMAT (+0.6%), ANGI (+30.2%), CSCO (-1.6%), NVDA (-0.4%), Z (+12.5%) beat on EPS and revs. ITRI (-8.7%) missed on EPS. This morning, DWRE (+9.5%) and SYNT (+0.8%) beat on earnings and revenue. In news, DELL (+0.4%) will hold a shareholder meeting to discuss the potential LBO. In notable analyst upgrades this morning in the tech space, HLIT (+2.8%) was upgraded to Buy at Maxim Group. RAX (-0.9%) was upgraded to Outperform at Raymond James. EZCH (+5.2%) was upgraded to Outperform at Oppenheimer. ARUN (+7.1%) was upgraded to ‘Overweight' at Morgan Stanley. Among downgrades, PLCM (-0.9%) was downgraded to Hold at Stifel Nicolaus. BCOR (+2.1%) was downgraded to ‘Hold' at Craig Hallum. DELL (+0.4%) was downgraded to Market Perform at Raymond James. NVDA (-0.4%) was downgraded to Hold at Needham. IFNNY (-0.2%) was downgraded to Underweight at HSBC. A (-0.2%), CRAY (-0.1%), LOGM (+0.7%), QLIK (+0.4%) are some of the notable tech names scheduled to report after the close.
