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HEXUS.sharewatch: eerie calm descends on markets

by Scott Bicheno on 2 February 2009, 10:00

Tags: Dell (NASDAQ:DELL), Ingram Micro (NYSE:IM), Avnet (NYSE:AVT), Computer 2000

Quick Link: HEXUS.net/qaqu3

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The many challenges facing the world in these interesting times were put into perspective this morning in the UK as it snowed, a bit.

Yes, it's at times like this that we're forced to sit back and take stock of what's really important. The fact that it's now slippery on the roads and pavements puts everything in perspective and it's only right that schools, airports and public transport be closed as we decide on the best response to this new threat.

Mercifully there was no such high drama in the stock markets last week, at least not the bits we follow. In fact things were almost ‘normal' as a few companies were up, a few were down and the indices were pretty flat.

The most dramatic movement was from distributor Ingram Micro, which lost seven percent of its value after an analyst downgrade on Friday. The other two disties on our list went in opposite directions as Tech Data followed suit, while Avnet was up six percent.

Avnet has a more service oriented offering than the other two, so it could be that this business model is considered to be better suited to weathering the current storm (economic) than one more centred on product and credit.

The second biggest loser of the week was Dell, which closed close to the ten year low of $9.30 set last November. The global plunge in PC spending seems to have hit Dell hard and rumours that it's poised to enter the smartphone market seem to have elicited little enthusiasm from investors.

 

Company Listing Share price 12/1/09 Share price 19/1/09 Share price 26/1/09 Share price 2/2/09 7-day change Market cap (bn)
AMD AMD 2.69 2.29 2.07 2.19 5.8% 1.33
Apple AAPL 90.58 82.33 88.36 90.13 2.0% 80.27
Avnet AVT 17.45 17.96 18.68 19.82 6.1% 2.99
Dell DELL 11.12 10.27 10.14 9.50 -6.3% 18.47
Google GOOG 315.07 299.67 324.70 338.53 4.3% 106.55
HP HPQ 37.49 34.77 35.79 34.75 -2.9% 83.66
IBM IBM 84.70 84.92 89.49 91.65 2.4% 123.13
Ingram Micro IM 13.22 13.50 13.19 12.27 -7.0% 2.02
Intel INTC 14.15 13.74 13.12 12.90 -1.7% 71.75
Microsoft MSFT 19.52 19.71 17.20 17.10 -0.6% 152.03
Nvidia NVDA 7.93 7.99 7.71 7.95 3.1% 4.27
Tech Data TECD 19.15 19.41 19.04 18.11 -4.9% 0.91
Yahoo YHOO 13.13 11.59 11.32 11.73 3.6% 16.26
Dow .DJI 8599.18 8281.22 8077.56 8000.86 -0.9% N/A
FTSE 100 .FTSE 4448.54 4147.06 4052.47 4149.64 2.4% N/A
NASDAQ .IXIC 1571.59 1529.33 1477.29 1476.42 -0.1% N/A


HEXUS Forums :: 1 Comment

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Thats because only about 30% of the traders have turned up.

No one wants to do any real work from home remotely, so long as that fealing is mutual they don't have too.

Some friends of mine on the “sell” side i've been chatting to this morning goes like this
Big German Bank - less than 20% have turned up.
Big British Bank - About 40% have turned up.
A formally US, that is now Jap - About 30%.