vacancies advertise contact news tip The Vault
facebook rss twitter

HEXUS.sharewatch: big weeks for Google and Apple

by Scott Bicheno on 18 October 2010, 12:19

Tags: Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG)

Quick Link: HEXUS.net/qa2lf

Add to My Vault: x

While it's already established that the mobile Internet is where much of the tech action will be for the foreseeable future, boosts to the share prices of its two biggest players - Google and Apple - serve to cement that feeling further.

Last week Google reported its Q3 results and they generally exceeded expectations, so much so that its shares jumped 11 percent as soon as trading commenced on Friday. In the past you might have expected such results to be priced into Google's shares in advance, but Google isn't the sexy tech stock it once was.

Its Q3 results, however, may well designate Google sexy once more. The reason is: diversication. Yes, Google is still coining it from its core keyword advertising, but it's also already getting a ton of cash from display and mobile, making the AdMob acquisition already look like a bargain. These markets are still at their relative infancy, so things bode well for Google.

The stock that supplanted Google as the darling of investors is 34 year old Apple, thanks entirely to its mobile products. While the iPhone continues to go from strength to strength, sales of the iPad continue to beat even the most optimistic forecasts.

Apple's shares shot past $300 last week and its market cap is approaching $300 billion. It is currently the second biggest company in the world by market cap behind Exxon Mobil. Apple announces its figures this week and the uplift is probably in anticipation of another expectation-beating quarter.

It's interesting to see that Intel's were the only shares on our list to fall last week, despite it reporting another strong quarter.

 

Company Listing Share price 27/9/10 Share price 4/10/10 Share price 11/10/10 Share price 18/10/10 7-day change Market cap (bn)
AMD AMD 6.84 7.05 7.05 7.12 1.0% 4.80
Apple AAPL 292.32 282.52 294.07 314.74 7.0% 287.53
ARM ARMH 19.79 19.25 18.36 18.86 2.7% 8.31
Avnet AVT 26.84 26.84 27.51 27.63 0.4% 4.20
Cisco CSCO 22.09 21.91 22.48 23.36 3.9% 130.47
Dell DELL 12.65 13.04 13.69 14.49 5.8% 28.18
Google GOOG 527.29 525.62 536.35 601.45 12.1% 191.69
HP HPQ 40.98 40.77 41.15 42.82 4.1% 97.10
IBM IBM 134.11 135.64 138.85 141.06 1.6% 177.92
Ingram Micro IM 16.40 17.08 17.41 17.76 2.0% 2.78
Intel INTC 19.42 19.32 19.52 19.32 -1.0% 107.57
Microsoft MSFT 24.77 24.38 24.57 25.54 3.9% 221.01
Nokia NOK 10.06 10.31 10.83 10.88 0.5% 40.75
Nvidia NVDA 12.26 11.35 10.86 11.29 4.0% 6.48
Oracle ORCL 26.96 27.24 28.00 28.90 3.2% 145.28
Qualcomm QCOM 44.55 44.26 44.76 44.79 0.1% 71.89
Tech Data TECD 39.45 40.19 40.99 42.12 2.8% 1.96
Dow .DJI 10860.26 10829.68 11006.48 11062.78 0.5% N/A
FTSE 100 .FTSE 5598.48 5592.90 5657.61 5703.37 0.8% N/A
NASDAQ .IXIC 2381.22 2370.75 2401.91 2468.77 2.8% 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!