Some Minor Technical Damage Done In Today's Session
This afternoon, the major stock indexes are trading slightly lower on the trading day. Earlier today, the Dow Jones Industrial Average pierced the psychological 13,000 level. Since that high was made around the noon hour the markets have been slowly declining lower. Despite today’s shallow point decline in the major stock indexes there are still some technical sell offs worth noting.
This morning, the big three leading technology stocks are all trading lower. They are Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), and Google Inc (NASDAQ:GOOG). These three stocks will usually dominate the action in the NASDAQ Composite and the NASDAQ 100 Index, however, today it is the semiconductor stocks that are keeping the tech heavy index in the green.
KLA-Tencor Corporation at Year Record Breaking Price - NASDAQ:KLAC
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation achieved its new 52 week high price of $52.11 where it was opened at $51.26 down -0.98 points or -1.91% by closing at $50.26.
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8x8, Inc. Announces Record Third Quarter Fiscal 2012 Results
8x8, Inc. (Nasdaq:EGHT), provider of innovative business communications and cloud computing solutions, reported record financial results for the third quarter of fiscal 2012, the period ended December 31, 2011.
Q3FY'12 Business Highlights:
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Joseph Piotroski's 9-point scoring system has proven a successful way to find value stocks that beat the market. Can we combine his method with the "good company at cheap price" precepts of Magic Formula Investing (MFI) to find potential winners? In this article, we take a look at MFI stocks with 8 or 9 Piotroski scores.