Tech stocks lose big in Q3 2015 drag on IT sector
Investors face sharp losses in the S&P 500 information technology group during the third quarter with ten IT stocks down 15 percent or more. Qorvo fell 44.3 percent, Yahoo plunged 27 percent, and Hewlett-Packard slipped 16 percent as the sectorajgled amid merger effects and market weakness.
MENTIONED IN THIS ARTICLE
S&p 500
Qorvo
Yahoo
Hewlett-Packard
S&p Capital IQ
Respec
Tively
TriQuint Semiconductor
RF Micro
Applied Materials
Skyworks Solutions
How we're performing USA's portfolio allocation by risk
Data from SigFig shows nationwide 500k investors manage online portfolios totaling 200 billion dollars. The 5 day average drops 1.06 percent with a 6 month horizon. Largest holding is Apple and most bought is Western Gas Partners while Bank of America appears as most sold.
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USA
America
SigFig
AAPL
WLL
BAC
WYY
ANDE
FIT
Nyny Aggressive
Ralph Lauren names CEO successor amid leadership shifts
Ralph Lauren will keep executive chairman and chief creative officer roles as it hires from Old Navy to lead the fashion and home arm. Twitter founder Jack Dorsey, interim CEO for three months, may become permanent chief as early as Thursday. Cumulus Media names Mary Berner as new chief, a longtime board member since May.
MENTIONED IN THIS ARTICLE
Ralph Lauren
Old Navy
Twitter
Jack Dorsey
Cumulus Media
Mary Berner
Analysts See Growth Ahead for Twitter Despite Stock Slump
Investors see Twitter at the intersection of mobile Internet and social networking with growth potential. Shares closed at 26.94, near IPO level, while analysts expect adjusted EPS up 136 percent this year to 0.33 and 85 percent in 2016. Some see 18 month upside to 38.62, others warn overvaluation compared to future cash flow.
MENTIONED IN THIS ARTICLE
Twitter
Standard & Poor
Facebook
Solid private payroll gain seen as possible jobs rebound
ADP reports 200000 private sector jobs added in September, beating some forecasts and hinting at a government payroll figure around 203000. Analysts note August and September estimates may be revised as seasonal factors affect early counts while unemployment remains near 5.1 percent and labor shortages persist across sectors.
MENTIONED IN THIS ARTICLE
ADP
Labor Department
Amituckmo
Jim O’sullivan
U.S
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