vacancies advertise contact news tip The Vault
facebook rss twitter

HEXUS.sharewatch: tech rally led by AMD

by Scott Bicheno on 1 December 2008, 10:21

Tags: AMD (NYSE:AMD), Yahoo! (NASDAQ:YHOO), Google (NASDAQ:GOOG)

Quick Link: HEXUS.net/qaqch

Add to My Vault: x

 

Following some fairly hefty falls in the past couple of weeks, tech stocks had somewhat of a rally last week as markets all showed decent gains.

Macroeconomic factors may well have played a part, with the US doubling its commitment to bailing out key companies and the UK continuing to experiment with ways to encourage consumers to spend more money they don't have.

However a few tech companies have significantly out-performed the market, led by the biggest loser of the previous two weeks: AMD. There doesn't seem to have been any specific news concerning AMD to make its shares increase by nearly 27 percent, so we must assume investors thought they'd undervalued the stock and started buying.

Other gainers included beleaguered Yahoo!, which saw board member and major shareholder Carl Icahn further increase his stake in the company, and Google, which may have encouraged investors with talk of cutting staffing costs.

In this crazy, unpredictable economic climate, HP Microsoft and Apple were the only losers last week. Apple may have suffered from once more being told off for misleading advertisements, but other than that there's no clear culpability on the part of any of these tech giants.

The figures below were taken at around 9:30 this morning and so represent prices at close of business on Friday except for the FTSE 100, which was down over one percent in early trading today.

 

Company Listing Share price 3/11/08 Share price 10/11/08 Share price 25/11/08 Share price 1/12/08 6-day change Market cap (bn)
AMD AMD 3.50 3.16 1.86 2.36 26.9% 1.44
Apple AAPL 107.59 98.24 92.95 92.67 -0.3% 82.38
Avnet AVT 16.74 16.32 13.86 14.24 2.7% 2.15
Dell DELL 12.20 12.55 10.14 11.17 10.2% 21.87
Google GOOG 359.36 331.14 257.44 292.96 13.8% 92.21
HP HPQ 38.28 34.64 35.70 35.28 -1.2% 86.40
IBM IBM 92.97 86.27 79.89 81.60 2.1% 109.63
Ingram Micro IM 13.33 13.59 10.10 10.77 6.6% 1.78
Intel INTC 16.03 14.63 13.56 13.80 1.8% 76.76
Microsoft MSFT 22.33 21.50 20.69 20.22 -2.3% 179.87
Nvidia NVDA 8.76 8.72 6.80 7.47 9.9% 4.16
Tech Data TECD 21.45 21.99 16.47 17.44 5.9% 0.88
Yahoo YHOO 12.82 12.20 10.21 11.51 12.7% 15.95
Dow .DJI 9325.01 8943.81 8443.39 8829.04 4.6% N/A
FTSE 100 .FTSE 4363.97 4486.38 4093.60 4226.22 3.2% N/A
NASDAQ .IXIC 1720.95 1647.40 1472.02 1535.57 4.3% 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!