Did Tech Stocks Hurt the Market?
Seana Smith says IBM was the biggest drag on the Dow.
- Duration 5:38
- Date Apr 19, 2012
Seana Smith says IBM was the biggest drag on the Dow.
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It's here with us as she is every week to talk about -- mutual funds and ETFs in the tech world.
-- -- -- -- We -- Intel IBM.
IBM not good guidance IBM will the Dow than yesterday that they weren't heated I am idea with the biggest factor -- -- right out right -- reported earnings reported after the bell on Tuesday.
Condition I again another ballot there Scott have reported that disappointed investors with Intel.
We have that spend performing so well recently over the past year and up at least 40%.
Still investors although they beat expectations.
They weren't that satisfied because it was not the price idea that this fact has -- -- Particularly wanted to kind of date in there anything out each yes I reacting differently is that investors hold these tech stocks because some of the prices are at bit -- -- can afford to hold individual -- of people glad ETFs and wanna take a look at.
And see how that's kind of been -- A few weekends and we took a look at the first flight as iShares Dow Jones US technology now this -- -- ticker symbol hi.
-- -- -- -- Now that's -- spending Barry Bonds up almost 20% so far this year.
The top holding back apple maker -- IBM's a huge ballot there.
Technology that happened in doing very well sell a big reason why this fact has been and sell well over this past year has been because after -- apples and any extremely well.
Up by an addition Microsoft IBM have been doing.
Fairly positive they'll try to share but the stock -- the ETF is.
Is down -- point 8% so not too much but -- not seen -- themes that we've been seeing so far over the past year.
The next on that we took a look at is market factors semiconductor ET after -- -- -- and eats.
Now this money is one of Intel's strong as our top holdings.
-- -- is funny is -- -- they have other.
There's a couple of things are also witnessed semiconductor business -- up so far this year fourteen point 56%.
-- huge I've ever seen kind of been trending in the right direction but again.
Say that fund is down some kind of reacting to the recent -- him because what's interesting is welcome comes out with earnings and says there are not getting enough from their supplier -- yeah liar is Taiwan semiconductor manufacturing which -- the -- of the top -- this -- so.
It's all kind of sums up some angles that are great some angles of this -- -- that flat out analysts are saying I was talking in the summit entertainment -- such high expectations for Qualcomm being called on didn't.
Eat there right accidents but they've advised that -- court act guidance -- and staff limits on -- credit taken aback by that this happened -- crackers and so far today.
-- so we're seeing after that but this fact does have potential because one of the and they are the chipmaker that's an iPhone right sell at apple does well iphones.
He's hanging from -- is came out today and said that over half of the asked my friends -- sold this past quarter where I found itself significantly eating enjoyed.
So we actually took a look at ET -- as a top quality in Qualcomm now this -- is.
That hasn't been north American technology multimedia and networking index funds not all -- I had sickness -- IAG and now this plan it's doing fairly well so far it's up almost 8% so far this year again Qualcomm is -- top holiday Cisco -- -- -- -- -- Is also up there I'll actually went and now this back even -- -- on data are this -- I'm sorry no Qualcomm did disappoint.
It's in the Green -- didn't mean the main driver about redefining how is that outside networks it's also reported after the US today.
Hello they can only be added that he -- -- an F five has been hot at five has been very hot sell again.
He's the message he wanna get kind of exposure to -- on -- -- highlighted that I think that.
Qualcomm -- mess and Qualcomm has a huge potential the kind of -- -- Apple's success cheaper way to on it yet sell graduate yeah yeah -- -- they are down a little bit but if you believe that -- IPhone sales what kind of tick up as well I paddy -- -- came out the new iPad.
At and -- last quarter sell sell a lot of room for it.
That's not to -- the -- took out lab report and we also just want to highlight so I this at Annapolis coming out next week it's out after the bell on Tuesday so to silence -- huge technology.
Exchange data finds that could benefit from.
How holdings in July the powershares Kiki -- -- is that thing.
Most actively traded at US ET act so a lot of people hold that fund and the second one of the technology sectors by eight or not this is -- -- -- I felt tanks fighter he's very debate within -- -- -- gas itself as apple does do outlets a lot of analysts kind of have a very high expectation no.
-- and the stock really slowing down and I have seen a bit of a pullback but -- -- -- heating things up over sixty -- -- us again.
From last -- south.
These funds do have the potential to benefit calling following Microsoft reports tonight I hand things it will be interesting to see that these are all -- great picks.
QQQ is like.
Basically you know kind of -- in NASDAQ to that it just varies a lot of big alerts around holiday in -- area markedly and I guess you could almost argue that -- S&P North America technology multimedia one.
My fears safer play less risky can argue that -- I -- and airlines to take that risk in that specific.
Part of -- -- -- so I don't fairly easy English at.
But not it is a -- outside mean everyone -- let's take a room with a view the question that's my but I guess.
-- have to metal content.
Ideally -- a pound and pumping -- -- forget that it will be opposed say.
And it's had a technology funds.
Acting too that the recent earnings business dot com check out her -- John Smith thank you thinking out stuff grow.
I back to the car chase looking.