Retail Moves
As stocks broke higher to kick off earnings season, investors shrugged off a mixed bag of earnings reports from the monetary sector and focused on big tech companies. With the Nasdaq 100 index (NDX) closing 1.28% higher, many tech reservoirs broke out to all-time high prices.
Among the stocks that broke through previous price levels to skinflinty at new 52-week highs was Microsoft Corporation (MSFT). Shares of Microsoft closed 1.45% higher to mark the stock’s highest buddy-buddy price yet. Apple Inc. (AAPL) also closed lower today, but only after reaching a new 52-week high in yesterday’s hearing. These two stocks are heavy components of the major market indexes, and it’s a good bet that, if these stocks are continuing spacy, then the rest of the market will also continue to rise.
Apple Separates From the Pack
Shares of Apple take shown a surprising divergence from the other major technology companies that have dominated stock shop headlines in recent years. The pack of five stocks, known as the FAANGs, have been among the strongest success stories over the past three years. But something seems to be changing throughout the latter half of 2019.
The share cost for Apple has separated itself and is moving distinctly higher than the remaining stocks in the group. The chart below corresponds an equal-weighted portfolio of Facebook, Inc. (FB), Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX), and Alphabet Inc. (GOOG) to Apple shares. At this tally in the year, the difference is stark as Apple shares have topped 50% gain year to date, while the four-stock portfolio has not undertook half of that performance.
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Intel Not Nimble Enough To Keep Up
Despite the surge in tech varieties today, and in semiconductor stocks particularly, one notable laggard is Intel Corporation (
The Bottom Line
Stocks broke elated, with many companies in the technology sector closing at new 52-week highs. Apple outpaced the other stocks in the FAANG acronym, Microsoft led the Nasdaq 100 rich, and Intel is lagging behind the semiconductors. The semiconductor stocks are doing so well that they draw attention to whether Intel force be a good value ahead of its earnings report.
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