The tech sector is trading slightly 0.6% lower today with Semiconductors showing weakness, the QQQ is trading -0.5% lower. Among tech bellwethers, AAPL +0.3% is showing strength, while MSFT -0.62%, ORCL -1.4%, and INTC -0.6% are under pressure.
In earnings LDK -3.2% following earnings and downside guidance, DITC -6% following Q4 results, CIEN -13% following poor Q2 results and downside guidance, DATE +6% following Q1 results, VRNT +1% following Q1 earnings.
In news, NOK -4%, was rumored to be hearing interest from Samsung, USAT +4% discloses 3 year agreement, ESIO +1.2% gets favorable district court ruling in Taiwan, NUAN +0.07% was rumored to be hearing takeover interest.
Among the more notable analyst upgrades this morning, G +1% upgraded at JP Morgan, EBAY +2% upgraded at Pacific Crest. In downgrades this morning, COGO -13% downgraded at Ticonderoga.






