Why Apple, Alibaba Lead 6 Hot Tech Stocks You Should Be Watching
Loading the player… From new products and partnerships to key chart moves, here’s a look at six top tech stocks you should keep an eye on today: Apple ( AAPL ), Alibaba ( BABA ), Netflix ( NFLX ), Facebook ( FB ), Microsoft ( MSFT ) and Google owner Alphabet ( GOOGL ). Apple Apple is working on its answer to the Amazon Echo and Google Home personal-assistant speakers, according to a report from The Information on Tuesday. The report says Apple will unveil the device at its developers conference in mid-June. Shares are on track for a four-day win streak, up 1.6% intraday on the stock market today , with the stock’s volume tracking higher than average on Wednesday. Apple is nearing the 100 price level, which the stock gapped below after the company’s quarterly earnings report missed expectations. Alibaba Chinese e-commerce giant Alibaba has revealed that the SEC is investigating its accounting practices in relation to its consolidation policies, transaction practices and operating data from Singles Day, its biggest shopping day of the year. Shares are plunging 6.1% in heavy volume, breaching the 50-day line. Shares are now trading 17% below their 52-week high. Netflix Netflix is rising amid fresh reports that the European Union is seeking to require a quota for local content on streaming platforms. And this week, Netflix announced it will be the exclusive host of new Disney films, beginning in September. Shares climbed above the 50-day line in Tuesday’s session and are continuing 2.2% higher today in fast trade. The stock is now 24% below its all-time high. Facebook And Facebook, which re-entered buy range in Tuesday’s session, is retaking its 10-day line in above-average volume today, rising 0.2%. The stock is now trading just 2% below its all-time high. Microsoft Microsoft is nearing its 50-day line after retaking its 200-day line in Tuesday’s session. Shares are now 7% below their late-December high and up 1.5% Wednesday. Alphabet Alphabet is rallying 0.8%, also nearing its 50-day line after taking its 200-day line Tuesday. It’s trading 8% below a flat base buy point at 791.05.