Technology Sector Update for 01/19/2016: IFON,SHOP,HDP

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Top Tech Stocks

MSFT -0.53%

AAPL -0.21%

IBM -0.72%

CSCO +1.16%

GOOG +1.38%

Technology stocks posted small gains Tuesday, with shares of tech companies in the S&P 500 advancing about 0.1%.

In company news, InfoSonics Corp ( IFON ) surged Tuesday after it today unveiled a next-generation "phablet" update to its popular Cyrus device.

The Cyprus LTE has a unique 2.5 dimensional curved screen, front and rear cameras with LED flash and all encased within a uni-body design. It's also equipped with five LTE bands, three 3G bands and four 2G bands.

IFON shares rose over 15% at $1.45 apiece, matching their session high.

In other sector news,

(+) SHOP, Upgrade to Overweight from Equal-Weight at Morgan Stanley.

(-) HDP, Files shelf registration for a proposed follow-on offering of a yet-to-be-determined number of shares.

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This article appears in: Investing , Commodities

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