Large-Cap Technology Roundup (MSFT, AAPL, GOOG, INTC, ORCL, HPQ)
Large-cap technology names have been beaten down over the last couple of months, and as a result, many of these companies appear to offer compelling value. During today's trading session, the PowerShares QQQ Trust ETF (NASDAQ: QQQQ), which tracks the performance of the tech-laden Nasdaq 100, has gained 1.12% to $46.21.
Microsoft (NASDAQ: MSFT) has fallen 0.15% to $23.92. Rumors had circulated earlier in the day that the company might be looking at an acquisition in the software security space.
Apple (NASDAQ: AAPL) has surged 2.07% to $263.15 after UBS raised estimates and its price target on the stock.
Google (NASDAQ: GOOG) is up 1.15% to $469.75 on the session.
Intel (NASDAQ: INTC) has lost 1.60% after the stock was downgraded at UBS from Buy to Neutral.
Oracle (NASDAQ: ORCL) has lost 0.68% to $24.10. The company announced yesterday that it had hired former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd as co-president.
Hewlett-Packard (NYSE: HPQ) has fallen 2.96% to $38.74. The company announced yesterday that it is suing former CEO Mark Hurd in an effort to prevent him from joining Oracle.
