The second quarter earnings from Google, Inc. (GOOG) and Microsoft, Inc. (MSFT) rocked the tech sector last week. Then Apple, Inc. (AAPL) reported its earnings after the close on Tuesday, which gave the market a pleasant surprise.
Many have been expecting or hoping that the cyclical technology sector would again take over leadership as it did in late 2011 and in 2012. In this trading lesson, I will be taking an in-depth look at Google, Inc. (GOOG), Amazon.com, Inc. (AMZN), Hewlett-Packard Co. (HPQ), eBay, Inc. (EBAY), and Apple, Inc. (AAPL). All of these stocks have a significant influence on the overall technology sector.
I did review Intel Corp. (INTC) recently, and with the sharp drop in Microsoft Corp. (MSFT) last week, I will save its analysis for later.
By examining the monthly, weekly, and daily technical outlook for the sector, as well as these five technology giants, it should give us some additional insight on the overall sector and identify new opportunities. Let’s first look at the technology sector.
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