There are stocks one never gets tired of, i.e. the Facebook Inc (NASDAQ:FB)’s and Apple Inc. (NASDAQ:AAPL)’s of the world. News or rumors about those companies always make the headlines and draw a lot of attention from traders, investors and fund managers. That’s right, it’s the big boys from the technology industries. They are always on a move and today is no different.
After a short rally at the end of April, Apple Inc. (NASDAQ:AAPL) shares have been falling during today’s trading session from yesterday’s closing price of $442.78, reaching $439.29 at the closing bell. Having debuted in the bond market yesterday afternoon, Apple Inc. (NASDAQ:AAPL) bonds have been among most traded securities. As a result of the bond offering, Goldman Sachs have reduced their earnings estimates, according to MarketWatch.
Google Inc (NASDAQ:GOOG) shares have been sliding as well. After ending April on a high, closing yesterday at $824.57, the stock fell 0.75% today, reaching $820.43 at 4:00 PM. Earlier today, Reuters announced that Google Inc (NASDAQ:GOOG) executives and their auditor will be called again before a British government committee to testify about taxes, after an investigation led by the above mentioned news company has brought to light irregularities in certain accounting practices of Google.
Facebook Inc (NASDAQ:FB) released their quarterly financial reports today, after the end of the trading session, therefore there is a lot of speculation about the figures to be released. Wall Street expects the company to announce Earnings Per Share (EPS) of $0.13 and revenues of $1.44 billion. Market participants will pay special attention to the progress of mobile advertisement revenues and expect their share of total ad revenues to be in the range of 25-27%, according to Bloomberg.
Update: Facebook Inc (NASDAQ:FB) just missed earnings by a cent, but mobile revenues above $750 million aresomething to key on.
Research In Motion Ltd (NASDAQ:BBRY) stock has imitated the behavior of fellow tech giants and has been falling 3% to a closing price of $15.80, thus ending the rally started in mid-April. This correction comes after Research In Motion Ltd (NASDAQ:BBRY) CEO, Thorsten Heins, made a sensational statement yesterday, claiming that tablets have no future. This outburst alarmed market participants, who have started to question the integrity of Mr. Heins, as the recent trends predict the tablet industry to continue booming.
Image: Facebook Inc (NASDAQ:FB) CEO, Mark Zuckerberg
The stock price of Nokia Corporation (ADR)(NYSE:NOK) has seen little change today, as it fluctuated around yesterday’s closing price of $3.38. With no news or rumors, Nokia Corporation (ADR)(NYSE:NOK) stock has followed it’s fellow tech stocks and ended the day with a small slide. The session high of $3.39, reached in the early hours of the trading session, was again reached at 3:15 PM and has afterwards fallen to $3.34 – the closing price.