Stock Market 2015: Updates on Tech Stocks Microsoft, Facebook, Twitter and Apple
Tech stocks are in the news Tuesday as earning season continues. Microsoft and several other companies will report their fourth quarter results this month.
Microsoft will not report until Jan. 26 but is expected to reveal details on Windows 10, its next operating system, this Wednesday.
Microsoft shares have been falling mostly since late December. The company last hit its 52 week high at $50.06 on Nov. 14, 2014. It has spent most of January in the $45-47 range. Analysts at Morningstar rate this company a hold.
Apple had a nice uptick the first several days of January but has not been able to get anywhere close to its 52 week high of $119.75 that it saw on Nov. 25, 2014. Apple will look to its upcoming smartwatch that is set to be released in either March or April to get the stock popping again.
Apple will release its fourth quarter earnings Jan. 27. Analysts expect earnings per share to come in at $2.56.
Over the past month, Facebook shares have fallen nearly 5 percent. The social media company has mostly been a good stock since its IPO and is up over 35 percent in the last year, but this last month has been a downfall for the stock.
A recent study by Deloitte and Facebook show the company has helped stimulate the economy and create jobs.
Facebook next reports its earnings Jan. 28.
Twitter, another social media company, has been performing awful the last few months (down over 25 percent). Way back in February 2014, the company was trading as high as $67.24. Now, the company is trading at $30 almost $40.
Morningstar rates Twitter three out of five stars, and Sabrient rates it a strong sell.
There must be a reason why Twitter cannot get its stock price back into numbers that would please investors. It could be it's just never going to be as popular as Facebook. Or, it could be something bigger than that. Stay tuned.
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