The markets are volatile. Tech investors are nervous.
What started with worries about China in the first week of January and then morphed into an oil price slump story is hitting tech sector shares.
We looked at a mixed bag of new tech and more traditional tech stocks and those changing from one to the other and how they performed between Dec 30th 2015 to Friday 22nd January 2016.
1) Apple – has had a bumpy month. It dropped, then rallied then dropped. It dropped from $108.7 on Dec30th to $101.4 on Jan22. During the month Apple dropped below $100 having hit $96.4 and $96.3 on Jan 7th and Jan21st respectively.
Dollar change: – $7.3
Percentage Drop: 6.1%
2) Salesforce, $79.74 on Dec 30th became $70.97 by Jan 25th. But the company had not experienced any bounce from the slight rally last week having bottomed out at 69.51. Market Cap is 47.1bn
Dollar change: – $8.77
Percentage Drop: 10.99%
3) Dec 29th saw ebay riding $27.91 but despite a distinctly bumpy ride in January (it hit $25.26 on Jan 19th) it has moved to $26.6. Market cap is 31.48bn.
Dollar change: – $1.31
Percentage Drop: 4.69%
4) Google, rather Alphabet was trading at $776 on Dec29 and saw a price drop to $726.7 by Jan 25th, Normally dropping $50 per share within one month would cause a stampede, still quite a percentage drop but even today google has a market cap of $506bn.
Dollar change – $49.3
Percentage Drop: 6.3%
5) Oracle’s share price of $37.04 on Dec 30th dropped on Jan25th to $34.73 (market cap of $146bn). In percentage terms this is one of the lowest drops.
Dollar change – $2.31
Percentage Drop: 6.2%
6) Microsoft’s share price of $56.3 on Dec 30th was its peak. It hit a low $48.48 before climbing back to $52.08. Its market cap is $416.48bn.
Dollar Change: -$4.22
Percentage Drop: 7.4%
7) IBM: IBM published its Q415 results on January 19th which did its share price no favours despite growing cloud and analytics revenue.
Market cap is $119bn
IBM was trading at 139.5 on 30th Dec but his a low of $118.4 on Jan 20th before getting a bounce to push it back to $124.6 when the markets closed on Friday.
Dollar Change $21.1
Percentage Drop: 15.1%
8) Intel: Another tech giant with issued financial results in January but which didn’t please the markets was intel. Intel had a one day 9% fall on January 14th to 15th taking it to $29.7 from $32.4. Between Dec 31 it went from $35.4 per share to $29.9 today. Investors reacted badly to intel saving its data centre business had not growth as expected. Market cap is $140bn
Dollar Change: $5.5
Percentage Drop: 15.5%
