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HEXUS.sharewatch: gains across the board

by Scott Bicheno on 24 August 2009, 16:06

Tags: Computer 2000

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Last week we reflected on the significance of Japan, Germany and France emerging from recession.  We then detailed some more cautious optimism that was leading to predictions of the end of the recession in the UK and US too.

At the end of last week, the Institute of Chartered Accountants announced that its index of UK business confidence has moved into positive territory for the first time since Q3 2007. This led the Institute to concur that the UK economy is likely to record growth on Q3, and hence no longer be in recession.

Second quarter earnings announcements in the tech sector have generally exceeded expectations and broad-line distributor Tech Data was no exception last week, earning its stock a seven percent improvement over the course of the week.

This general mood of cautious optimism was perfectly exemplified by the rest of our list - all of which showed a small gain. The Dow, FTSE 100 and NASDAQ are all at their highest levels for ten months, but few people are betting on them rising too sharply for a while.

Company Listing Share price 3/8/09 Share price 10/8/09 Share price 17/8/09 Share price 24/8/09 7-day change Market cap (bn)
AMD AMD 3.66 3.70 3.69 3.70 0.3% 2.47
Apple AAPL 163.39 165.61 166.78 169.22 1.5% 151.59
ARM ARMH 6.39 6.32 6.20 6.30 1.6% 2.66
Avnet AVT 24.40 25.04 24.30 25.29 4.1% 3.82
Dell DELL 13.38 13.20 14.20 14.49 2.0% 28.31
Google GOOG 443.05 457.10 460.00 465.24 1.1% 147.28
HP HPQ 43.30 43.54 44.09 44.78 1.6% 106.86
IBM IBM 117.93 119.33 118.57 119.90 1.1% 157.17
Ingram Micro IM 16.82 16.69 16.49 16.72 1.4% 2.73
Intel INTC 19.25 18.50 18.77 18.89 0.6% 105.75
Microsoft MSFT 23.52 23.57 23.70 24.41 3.0% 217.51
Nvidia NVDA 12.93 13.71 13.43 13.93 3.7% 7.61
Qualcomm QCOM 46.21 45.99 46.15 47.29 2.5% 78.61
Tech Data TECD 34.93 34.97 34.39 36.83 7.1% 1.85
Dow .DJI 9171.61 9370.07 9321.40 9505.96 2.0% N/A
FTSE 100 .FTSE 4608.36 4731.56 4713.97 4850.89 2.9% N/A
NASDAQ .IXIC 1978.50 2000.25 1985.52 2020.90 1.8% N/A


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