After the morning's trading, the Nasdaq is up 0.6%, the S&P 500 has moved up 0.2% and the Dow is unchanged. The technology sector is a category of stocks relating to the research, development and/or distribution of technologically based goods and services. This sector contains businesses revolving around the manufacturing of electronics, creation of software, computers or products and services relating to information technology. The technology sector offers a wide arrange of products and services for both customers and other businesses. Consumer goods like personal computers, stereos and televisions are continually improved and upgraded, offering the latest technology to all users. Businesses receive information and services from software and database systems, which allow the companies to make strategic business decisions.
The biggest movers in the Technology sector (XLK) (+0.5%) are:
|Company||Market Cap||Percentage Change|
|QIHOO 360 (NYSE:QIHU)||$3.26 billion||+5.5%|
|Cirrus Logic (Nasdaq:CRUS)||$1.78 billion||+5.4%|
|M\x2FA-COM Technology Solutions (Nasdaq:MTSI)||$680.9 million||-3.4%|
|Apple (Nasdaq:AAPL)||$479.37 billion||+2.7%|
|CommVault Systems (Nasdaq:CVLT)||$3.06 billion||+2.6%|
|Demand Media (NYSE:DMD)||$818.5 million||-2.5%|
|Landauer (NYSE:LDR)||$563.3 million||+2%|
Software Summary: Finviz.com Stock Screener
QIHOO 360 (NYSE:QIHU) has risen 5.5% and is currently trading at $28.82 per share. So far today, the company's volume is 3.4 million shares.
Increasing 5.4%, Cirrus Logic (Nasdaq:CRUS) is trading at $28.58 per share. So far today, the company's volume is 1.4 million shares, in line with the current daily average.
M\x2FA-COM Technology Solutions (Nasdaq:MTSI) is down 3.4% to reach $14.42 per share. The company's volume for the day so far is 8,217 shares. This is a sign that there will be less trading activity than there was yesterday.
After an increase of 2.7%, Apple (Nasdaq:AAPL) has reached a current price of $523.14. The company's volume for the day so far is 8.9 million shares, consistent with its current three-month average.
CommVault Systems (Nasdaq:CVLT) has risen 2.6% to hit a current price of $68.98 per share. The company is currently trading a volume of 111,193 shares.
Falling 2.5%, Demand Media (NYSE:DMD) is currently at a share price of $9.22. At 87,799 shares, the company's volume so far today is 0.3 times the current daily average.
Landauer (NYSE:LDR) is at $60.89 per share after an increase of 2%. So far today, 8,111 shares of the company's stock have changed hands. At this rate, trading activity will likely be down from yesterday when 33,053 shares changed hands.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.