Technology Sector Update for 12/06/2018: MOMO, SCWX, UXIN, BABA, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: -1.72%

AAPL: -2.51%

IBM: -0.90%

CSCO: -1.33%

GOOG: -1.41%

Tech stocks were dropping pre-bell Thursday.

Early movers include:

(-) Momo ( MOMO ), which was sheding more than 12% in value after reporting Q3 adjusted net income of $0.53 per American depositary share, up from $0.45 per ADS in the prior-year period.

(-) SecureWorks ( SCWX ) was down more than 3% as it reported fiscal Q3 adjusted earnings of $0.06 per diluted share, compared with a $0.04 loss per share a year ago and above the $0.05 average loss estimate from analysts polled by Capital IQ.

(+) Uxin ( UXIN ) and Taobao, the Chinese online shopping website owned by Alibaba ( BABA ), said pre-market Thursday that they have entered into a strategic partnership to promote growth and expand service opportunities for used car e-commerce in China. Uxin was up by more than 2%.

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

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This article appears in: Technology , Commodities
Referenced Symbols: MOMO , SCWX , UXIN , BABA , MSFT

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