|Bid||132.51 x 1200|
|Ask||133.00 x 900|
|Day's Range||133.10 - 140.43|
|52 Week Range||101.55 - 159.94|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 26, 2018 - Nov 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||163.48|
Jim Cramer recommends seven technology stocks to investors as the stock market continues its multi-day losing streak.
The Dow Jones Industrial Average on Thursday fell to sessions lows, with technology and communication-services shares leading losses for the broader market. The Dow most recently was down 365 points, or 1.4%, at 25,351, while the technology-laden Nasdaq Composite Index was taking it on the chin, off 1.9% at 7,497. The S&P 500 index also was trading sharply lower, retreating 1.4% at 2,770. Less than a handful of shares of the S&P 500's technology sector were trading in the green, with losses led by declines of at least 3% in Adobe Inc. , and Autodesk Inc. . Shares of internet-related company Netflix Inc. , which is in a new S&P 500 sector called communication services, were down sharply.
The technology sector's bounce Tuesday was practically unanimous, as the SPDR Techology Select Sector ETF rose 1.6% with all 65 equity components gaining ground. The top gainer was Adobe Inc.'s stock , which rose 7.1% after the software company provided an upbeat outlook. The other top gainers are shares of Arista Networks Inc. , up 2.8%, and Autodesk Inc. , up 2.7%. Among the most active components, Advanced Micro Devices Inc.'s stock tacked on 0.4%, Micron Technology Inc. shares rose 1.2% and Microsoft Corp. shares advanced 2.0%. The technology ETF was still down 2.2% over the past three months, while the Nasdaq Composite has lost 3.6% and the S&P 500 has slipped 0.7%.
Stocks that moved substantially or traded heavily Monday: Harris Corp., up $18.38 to $173.25 The defense contractor said it will combine with competitor L3 Technologies in an all-stock deal. Autodesk Inc., ...
Investing.com - Tech stocks were the weak link in the market again midday, as investors remained wary of the riskier higher-priced stocks.
Last night on Mad Money Jim Cramer singled out ADSK and six other companies that were "so far in the red they're worth buying on continued weakness." "They recently reported strong earnings and they just need to wait for these names to come down to a price they're willing to pay and start buying," Cramer said. In this daily bar chart of ADSK, below, we can see an uptrend over the past 12 months - a very difficult to trade uptrend but an uptrend nevertheless. The daily On-Balance-Volume (OBV) shows a peak back in May and new lows this month.
The stock market sold off Wednesday. IPO stock Square fell over 7%, as its support at the 50-day line gave way.
The stock market was sharply mixed Tuesday on rising interest rates. Hot IPO stock Square is testing support amid the stock's sudden drop.
Stocks extended their losing skid, with the S&P 500 today falling below its 50-day moving average in another bearish signal for the broad market.
Design software maker Autodesk (ADSK) has entered an agreement to work jointly with Surbana Jurong to promote the adoption of advanced technology in the construction sector. Based in Singapore, Surbana Jurong is a leading Asian consultancy firm focused on infrastructure and urban development. Surbana Jurong is owned by Temasek, an investment company that has invested in many startups including Ant Financial.
Autodesk (ADSK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Dow stocks were in the driver's seat in afternoon trading Thursday. Intel was a top gainer in the Dow. Chinese stocks also outperformed.
Zacks.com highlights: ESCO Technologies, Tristate Capital Holdings, Autodesk and Great Lakes Dredge & Dock
Autodesk (ADSK) is underway with the transition to a cloud-based subscription business model, where customers pay ongoing subscription fees instead of one-time software license purchases. Many Autodesk customers have transitioned to cloud-based subscriptions. But there are about 2.0 million customers still on legacy software licenses, and the company is working to get them to transition to subscriptions.
Intuit (INTU) is making changes to its executive suite, betting on leaders of its small business group to take it forward. The small business group has been Intuit’s growth engine. Intuit has settled on Sasan Goodarzi as its new CEO. Goodarzi, currently the leader of Intuit’s small business group, will replace current CEO Brad Smith and transition into the new role beginning January 1, 2019. The outgoing CEO Smith will transition into the executive chair role.
On September 7, IBM (IBM) struck a deal with Sally Beauty, the world’s leading retailer and distributor of beauty supplies. IBM iX, which helps clients implement digital business platforms, is expected to assist Sally Beauty in transforming its business. IBM’s global consulting firm, Bluewolf, plans to work jointly with IBM iX to support Sally Beauty’s digital business concept. Bluewolf also serves T-Mobile (TMUS) and Autodesk (ADSK).