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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intel Corporation | NASDAQ:INTC | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.16 | 0.52% | 31.13 | 31.13 | 31.14 | 29,984 | 10:18:32 |
From May 2019 to May 2024
By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks began with broad gains Monday, with Apple Inc. among the sector's advancers as Barclays analyst Ben Reitzes raised his rating on the iPhone maker ahead of its upcoming earnings report.
Apple (AAPL) rose 1.3%, to close at $96.45 a share after Reitzes lifted his view on the company to overweight, or buy, from equal weight, and also raised his price target on Apple's stock to $110 a share from $95. Reitzes said that he believes Apple Chief Executive Tim Cook "has solidified his strategy and regained the confidence of Apple stakeholders in many ways, reversing many of the warning signs we saw earlier in the year." Apple is scheduled to report its fiscal third-quarter results on July 22.
Apple also took to its Chinese Web site to refute allegations that the location-tracking function of the iPhone is a threat to China's national security.
Other leading tech stocks that closed with gains Monday included Facebook Inc. (FB), Oracle Corp. (ORCL), Amazon.com Inc. (AMZN) and Netflix Inc. (NFLX).
Intel Corp.(INTC) rose almost 1% to close at $31.49 and Yahoo Inc. (YHOO) also added almost 1% to end the day at $35.70. Both companies are scheduled to report quarterly results after the close of trading Tuesday.
EBay Inc. (EBAY) shed 34 cents a share to close at $51.16. On Sunday, Pacific Crest Securities analyst Chad Bartley cut his rating on eBay to sector perform from outperform. Bartley said that a combination of a security breach at eBay earlier this year, and a change in Google Inc.'s (GOOGL) search algorithm likely had a negative impact on eBay's business during the second quarter of the year.
The Nasdaq Composite Index (RIXF) rose almost 25 points to end the day at 4,440 and the Philadelphia Semiconductor Index (SOX) also ended the day in positive territory.
More must-read news from MarketWatch:
Apple denies it's a threat to China's security
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