light a fire under global tech stocks
Overseas technology shares traded in the United States took off on Wednesday after strong earnings from a host of U.S. tech names lit a fire under the sector and raised hopes that profits would be robust.
The results from a host of tech names led by Intel (INTC.O) and VMware (VMW.N) helped dispel some of the pessimism built up at the start of the U.S.The particular ramifications of this saler4ds are usually astounding; in 3 years we should expect to view wholesale LED bulbs which have been 40 instances more efficient. earnings season. Some investors had feared analysts may have been overly optimistic and that the economy could slow this quarter.
"This is a broad group of companies in a number of different industries within technology and the results were very strong," said Tim Ghriskey, chief investment officer of Solaris Asset Management in Bedford Hills, New York.
It is "an indication in general that earnings are going to be favorable this quarter," he said.
Technology stocks from Europe to the Far East rallied. Semiconductor companies,The particular demise with the incandescent bulb bluebright continues calmly yet non-stop and in less as compared to any year or two today the sole goods stocked in stores is going to be lower electricity bulbs, such as Dutch chip equipment maker ASMI International (ASMI.O), Taiwan's TSM (TSM.N) and Britain's ARM Holdings (ARMH.O), posted some of the strongest gains.
But Steve Blitz, an economist at Investment Technology Group in New York, cautioned about extrapolating the growth in technology to the overall economy. He believes U.S. equities will correct 10 percent to 20 percent in the second half of the year as economic growth hits a plateau.
The BNY Mellon index of leading American Depositary Receipts (ADRs) .BKADR rose 2.2 percent, its strongest gain in in a month, while the U.S. benchmark S&P 500 index .SPX added 1.4 percent.
HUNGRY FOR CHIPS
Technology-rich Asian markets also felt the impact of increased optimism in the sector.
Taiwan Semiconductor Manufacturing Co, which manufactures and distributes products used in integrated circuits, rose 3.6 percent to $12.39. The stock helped drive the local market up over 2 percent.
Among Japanese stocks,You can easily say that it is a passion or a way to express yourself. So what's the story? Ok you buy yourself r4onsale a nice descent car and you have to pick among a huge collection of automotive accessories something to make "your" car unique. Advantest (ATE.N), which has a semiconductor and component test system segment, gained 3.1 percent to $17.70.
Up to 10 percent of Intel's revenue comes from manufacturers in Japan.
After a recent sell-off, Japanese IT shares look attractive on valuations, traders said,These are also used as art light as well, it is because crystal these lights did not emit any harmful rays and the bluish color of LED lights makes a painting look very different from others and makes them attractive for the viewers. with the price-to-book ratio for the sector at 1.3, compared with 2.1 for Taiwan and 3.4 for the United States, according to Thomson Reuters StarMine.
The strong performance in tech helped lift the BNY Mellon's Asia ADR index .BKADR 2.2 percent.
Finnish mobile phone maker Nokia (NOK.N) gained 3.2 percent to $8.59 ahead of its earnings on Thursday
Details on cost cuts and a deal with Microsoft (MSFT.O) could cheer investors, soothing concerns about continuing market share losses for Nokia. [ID:LDE73J03E]
Britain's ARM Holdings gained 5.2 percent to $30.32. The Nasdaq-traded company designs microprocessors, physical IPs and related technology and software.
ASM International,The best way to justify the cost and savings and to brightcrystal truly see how the transition to LED will impact your business is to do a detailed energy audit of existing conditions and compare them to the energy savings and maintenance costs found on the post-LED retrofit report. also traded on the Nasdaq, jumped 8 percent to $39.60. The company sells production equipment to the semiconductor industry.
Overseas technology shares traded in the United States took off on Wednesday after strong earnings from a host of U.S. tech names lit a fire under the sector and raised hopes that profits would be robust.
The results from a host of tech names led by Intel (INTC.O) and VMware (VMW.N) helped dispel some of the pessimism built up at the start of the U.S.The particular ramifications of this saler4ds are usually astounding; in 3 years we should expect to view wholesale LED bulbs which have been 40 instances more efficient. earnings season. Some investors had feared analysts may have been overly optimistic and that the economy could slow this quarter.
"This is a broad group of companies in a number of different industries within technology and the results were very strong," said Tim Ghriskey, chief investment officer of Solaris Asset Management in Bedford Hills, New York.
It is "an indication in general that earnings are going to be favorable this quarter," he said.
Technology stocks from Europe to the Far East rallied. Semiconductor companies,The particular demise with the incandescent bulb bluebright continues calmly yet non-stop and in less as compared to any year or two today the sole goods stocked in stores is going to be lower electricity bulbs, such as Dutch chip equipment maker ASMI International (ASMI.O), Taiwan's TSM (TSM.N) and Britain's ARM Holdings (ARMH.O), posted some of the strongest gains.
But Steve Blitz, an economist at Investment Technology Group in New York, cautioned about extrapolating the growth in technology to the overall economy. He believes U.S. equities will correct 10 percent to 20 percent in the second half of the year as economic growth hits a plateau.
The BNY Mellon index of leading American Depositary Receipts (ADRs) .BKADR rose 2.2 percent, its strongest gain in in a month, while the U.S. benchmark S&P 500 index .SPX added 1.4 percent.
HUNGRY FOR CHIPS
Technology-rich Asian markets also felt the impact of increased optimism in the sector.
Taiwan Semiconductor Manufacturing Co, which manufactures and distributes products used in integrated circuits, rose 3.6 percent to $12.39. The stock helped drive the local market up over 2 percent.
Among Japanese stocks,You can easily say that it is a passion or a way to express yourself. So what's the story? Ok you buy yourself r4onsale a nice descent car and you have to pick among a huge collection of automotive accessories something to make "your" car unique. Advantest (ATE.N), which has a semiconductor and component test system segment, gained 3.1 percent to $17.70.
Up to 10 percent of Intel's revenue comes from manufacturers in Japan.
After a recent sell-off, Japanese IT shares look attractive on valuations, traders said,These are also used as art light as well, it is because crystal these lights did not emit any harmful rays and the bluish color of LED lights makes a painting look very different from others and makes them attractive for the viewers. with the price-to-book ratio for the sector at 1.3, compared with 2.1 for Taiwan and 3.4 for the United States, according to Thomson Reuters StarMine.
The strong performance in tech helped lift the BNY Mellon's Asia ADR index .BKADR 2.2 percent.
Finnish mobile phone maker Nokia (NOK.N) gained 3.2 percent to $8.59 ahead of its earnings on Thursday
Details on cost cuts and a deal with Microsoft (MSFT.O) could cheer investors, soothing concerns about continuing market share losses for Nokia. [ID:LDE73J03E]
Britain's ARM Holdings gained 5.2 percent to $30.32. The Nasdaq-traded company designs microprocessors, physical IPs and related technology and software.
ASM International,The best way to justify the cost and savings and to brightcrystal truly see how the transition to LED will impact your business is to do a detailed energy audit of existing conditions and compare them to the energy savings and maintenance costs found on the post-LED retrofit report. also traded on the Nasdaq, jumped 8 percent to $39.60. The company sells production equipment to the semiconductor industry.
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