Investors Grapple Over Apple and Google Shares in Anticipation of iPhone 5
Stocks in the Services sector are trading up today. The sector is trading up 0.21% overall. Five of the biggest stocks in the sector are mixed today. Following is some information about what is moving these stocks:
- Google, Inc. (NASDAQ:GOOG): Google, Inc. shares are trading down today in anticipation of Apple, Inc.’s (NASDAQ:AAPL) introduction of its iPhone 5. It remains to be seen whether Android-based smartphones will be threatened by Apple’s most recent iteration of its smartphone offering. The shares recently traded at $504,73, down $10.31, or 2%, on the day. The shares have traded in a 52-week range of $473.02 to $643.96 and its market capitalization is $162.97 billion. About the company: Google, Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. (Note that Reuters categorizes Google, Inc. as operating both in the Services and the Technology sectors.)
- Amazon.com, Inc. (NASDAQ:AMZN): Amazon.com’s shares are trading up today on investor enthusiasm for its recently announced Kindle Fire tablet. The shares recently traded at $216.87, up $0.82, or 0.38%, on the day. The shares have traded in a 52-week range of $151.40 to $244 and its market capitalization is $98.48 billion. About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
- Las Vegas Sanda Corp. (NYSE:LVS): Las Vegas Sands Corp., which has a large presence in the Special Administrative Region of Macau, China, is trading down today on concerns that China’s slowing economy will reduce visitors to its casinos. The shares recently traded at $37.92, down $0.42, or 1.2%, on the day. The shares have traded in a 52-week range of $34.61 to $55.47 and its market capitalization is $27.61 billion. About the company: Las Vegas Sands Corp. owns and operates casino resorts and convention centers. The Company operates in the United States, Macau and Singapore. Las Vegas Sands Corp’s casinos offer a wide range of gaming activities and entertainment as well as overnight accommodations, while its expo centers host a wide range of entertainment shows, expositions, and other activities.
- Wynn Resorts, Limited (NASDAQ:WYNN): Wynn Resorts, Ltd., like Las Vegas Sands Corp., has a large presence in Macau, and so its shares are also trading down on concerns about China’s economy. The shares recently traded at $112.55, down $2.55, or 2.22%, on the day. The shares have traded in a 52-week range of $85.80 to $172.56 and its market capitalization is $14.02 billion. About the company: Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suits, restaurants, golf courses, and on-site luxury automotive dealerships.
- International Business Machines (NYSE:IBM): IBM shares are trading down today, in the wake of news from Oracle Corp. (NASDAQ:ORCL) that its new software performs faster data analysis than competing systems offered by IBM and SAP AG (NYSE:SAP). The shares recently traded at $174.38, down $0.49, or 0.28%, on the day. The shares have traded in a 52-week range of $134.39 to $185.63 and its market capitalization is $208.26 billion. About the company: International Business Machines Corporation (NYSE:IBM) provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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