4 Tech Stock Stories Making Huge Headlines on Friday
Google Inc. (NASDAQ:GOOG): Closing price $1012.69
It’s a momentous day for Google. After posting earnings Thursday afternoon, the stock crossed the $1,000 line shortly after the opening bell Friday morning, and went higher, fueled by a 28-percent increase in paid clicks in third quarter from the year before. Total revenues jumped by 12 percent to $15 billion. Shares closed on the day at $1,011.65, up by 13.82 percent in extremely heavy volume.
Apple Inc. (NASDAQ:AAPL): Closing price $508.62
Zacks Equity Research reports that Apple will introduce the revamped version of its new iPad at an event in San Francisco on October 22. The much-awaited debut has chatter speculating on the possible upgrades, the site expect that the refreshed offerings will be “radically” different. It is anticipated that the new iPad will be slimmer, and probably equipped with a fingerprint sensor. Apple elected to revamp its iPad, after seeing a slide in iPad sales during the June quarter.
Amazon.com Inc. (NASDAQ:AMZN): Closing price $329
Google is not the only tech firm with a right to be happy Friday. Amazon shares hit a new all time high, while analyst Eric Sheridan at UBS elevated the online retailer’s rating from Neutral to Buy, and his price target from $305 to $385. Sheridan said that Amazon has an opportunity to accelerate revenue growth heading into the shopping season, and that Amazon is well positioned moving forward, as it has labored hard in 2013 on uniting its hardware and software through actions like hardware intros, software improvements, streaming content additions, and its Amazon Payments system. The stock closed on the day up by 5.8 percent at $328.81 in heavy trading.
Scientific Games Corp. (NASDAQ: SGMS): Closing price $18.42
Scientific Games announced Friday that it has completed its purchase of WMS Industries Inc., combining leading firms offering lottery games, gaming machines and game content, systems, sports betting technology, and social, mobile and interactive content and services.