Monday, December 6, 2010

5 Technology Stock in Focus

Apple Inc. ( NASDAQ: AAPL ) earlier this month appointed Ronald D. Sugar,
former Chairman and CEO of Northrop Grumman Corporation (NYSE: NOC), to its
Board. Sugar has been appointed to serve as the Chair of the Audit and Finance
Committee. The Apple stock is currently trading above its 50-day and 200-day
moving averages. The stock gained 3.38% during the month of November.
Year-to-date, the stock is up 51.11%. Microsoft Corporation ( NASDAQ: MSFT )
entered into an agreement with Norton Healthcare to employ its health solutions
platforms, Microsoft Amalga Unified Intelligence System and Microsoft
HealthVault. The Microsoft stock is currently trading above its 50-day and
200-day moving averages. During the month of November, the stock was down 5.28%.
Year-to-date, the stock is down 11.97%. Research In Motion Limited ( NASDAQ:
RIMM ) will announce its third-quarter financial results on December 16, 2010.
Shares of the BlackBerry maker rallied earlier this week after Jefferies
upgraded the stock from Hold to Buy. The Research In Motion stock is currently
trading above its 50-day and 200-day moving averages. The stock gained 8.63%.
Year-to-date, the stock is down 7.21%. Nokia Corporation (ADR) ( NYSE: NOK )
said earlier this week that it completed a transaction to sell its wireless
modem business to Renesas Electronics Corp. The company sold the business for
$200 million. The ADRs of Nokia are currently down 50-day and 200-day moving
averages. The ADRs dropped 13.74% during the month of November. Year-to-date,
the ADRs are down 23.93%. Seagate Technology Plc (NASDAQ: STX) saw Fitch Ratings
recently revise the company's restricted payment capacity. Fitch now estimates
that the company now has around $4 billion of immediate capacity for restricted
payments. The Seagate Technology stock is currently trading above its 50-day and
below its 200-day moving average. The stock was down 8.84% during November.
Year-to-date, the stock is down 20.39%.

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