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Technology Sector Update for 06/28/2019: MU, MSFT, AAPL, IBM, CSCO, GOOGL, GOOG, JKS, TSLA, QCOM


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Top Technology Stocks:

MSFT: +0.56%

AAPL: -0.57%

IBM: Flat

CSCO: +0.25%

GOOG: Flat

Leading technology stocks were mixed in Friday's pre-bell trading.

Early movers include:

(+) Micron Technology ( MU ), which was up 4% after consensus Q4 earnings estimate has been raised to $0.48 per share from the previous estimate of $0.47 per share, while the estimate for 2019 has decreased to $6.23 per share from $6.25, and the full-year 2020 forecast was cut to $2.68 per share from $2.81 per share.

(=) Qualcomm ( QCOM ) was unchanged after media reported that Vietnamese industrial conglomerate Vingroup is developing 5G smartphones in partnership with Japan's Fujitsu and Qualcomm.

(-) Tesla ( TSLA ) was down 0.8% after saying its Model S vehicle that caught fire in a Shanghai parking lot in April had no systemic flaws, Reuters reported. The electric automaker said that the fire was caused by a single battery module fault located at the front of the car.

(-) JinkoSolar Holding ( JKS ), a solar module manufacturer, was up 0.5% after reporting Friday Q1 adjusted earnings of RMB0.840 ($0.124) per American depositary share, up from RMB0.296 per ADS in the prior-year period.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Technology , Commodities
Referenced Symbols: MU , QCOM , TSLA , JKS , MSFT



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