vacancies advertise contact news tip The Vault
EPIC Competition in the run up to 2015 - win something everyday! [x]
facebook rss twitter

HEXUS.sharewatch: HP and NVIDIA lead tech stocks down

by Scott Bicheno on 28 February 2011, 12:46

Tags: NVIDIA (NASDAQ:NVDA), Hewlett Packard (NYSE:HPQ), ARM (LON:ARM)

Quick Link: HEXUS.net/qa4s2

Add to My Vault: x

Whenever all our stocks (bar one in this case) move in one direction, there's usually some global macroeconomic or socio-political factor involved. The critical event this week as been social upheaval in Libya, and its effect on the price of oil.

Unless you've been living in a cave you'll be aware that Libya is the latest North African country to kick-off, after popular uprisings saw off the leaders of Tunisia and Egypt. The difference in Libya is that its leader seems determined not to go down without a fight, and that the country is the world's 18th largest producer of crude oil - according to the CIA, of all sources.

Such is the continued global dependence on oil that anything which might interrupt its orderly flow poses all sorts of potential economic knock-on effects. And, of course, there's always the possibility of further contagion. To date Iran - the fourth largest oil producer - has stayed uncharacteristically quiet about North Africa. That's unlikely to remain the case if any Western countries decide to get directly involved.

Apart from that, there have been some mildly disappointing corporate results of late, most recently from HP. This, together with a possible pause in investor optimism towards the mobile Internet market, has led tech stocks downward. Having said that, the tech-heavy NASDAQ is faring no worse than other indices and the definitive mobile stock - ARM - rallied strongly towards the end of last week.

Company Listing Share price 31/1/11 Share price 7/2/11 Share price 21/2/11 Share price 28/2/11 6-day change Market cap (bn)
AMD AMD 7.49 8.40 9.18 9.29 1.2% 6.37
Apple AAPL 336.05 346.50 350.56 348.16 -0.7% 320.75
ARM ARMH 24.78 29.45 30.48 30.11 -1.2% 13.49
Avnet AVT 35.01 36.92 36.97 34.49 -6.7% 5.27
Cisco CSCO 20.93 22.05 18.85 18.64 -1.1% 103.04
Dell DELL 13.15 13.89 15.43 15.13 -1.9% 29.21
Google GOOG 600.99 610.98 630.08 610.04 -3.2% 196.14
HP HPQ 45.51 47.43 48.67 42.68 -12.3% 92.81
IBM IBM 159.21 164.00 164.84 162.28 -1.6% 197.91
Ingram Micro IM 19.26 20.48 20.39 19.98 -2.0% 3.13
Intel INTC 21.46 21.68 22.14 21.86 -1.3% 119.97
Microsoft MSFT 27.75 27.77 27.06 26.55 -1.9% 223.08
Nokia NOK 10.57 11.06 9.19 8.65 -5.9% 32.39
Nvidia NVDA 23.76 25.67 25.63 23.12 -9.8% 13.43
Oracle ORCL 32.00 32.62 33.68 32.95 -2.2% 166.48
Qualcomm QCOM 53.72 55.23 59.19 59.02 -0.3% 97.01
Tech Data TECD 46.40 49.04 51.20 49.80 -2.7% 2.32
Dow .DJI 11823.70 12092.15 12391.25 12130.45 -2.1% N/A
FTSE 100 .FTSE 5881.37 5997.38 6086.09 6001.20 -1.4% N/A
NASDAQ .IXIC 2686.89 2769.30 2833.95 2781.05 -1.9% N/A


HEXUS Forums :: 0 Comments

Login with Forum Account

Don't have an account? Register today!
Log in to be the first to comment!