Indian IT companies are considering strong growth on a year-end IT spending sign and are offering more jobs in the US to beef up their workforce. Midsize Bangalore-headquartered software exporter MindTree Ltd unveiled plans add more U.S. citizens to staff four or five software-development centers that it is going to set up in the US over the next five years.
As the US presidential elections ended, there are projections of a year-end budget flush as corporations invest extra money on IT systems, compliance and technology change management.[article_detail_ad_1]
Moving the discussion to U.S. tech stocks, 2012 is near to end and many of you may like to know which large-cap companies have been performing relatively well in this sector. We found it interesting that top gaining company maintains a large gap from its followers and has scored over 100% in YTD performance.
In 2012, Sprint Nextel Corporation (NYSE:S) is on the top of the sector’s winner list with a year-to-date performance of +134.19%. The stock, as of last close, traded +160.95% up from its 52 week low and was -9.27% behind its 52 week high. Its latest closing price was +34.88% above the SMA200 while the distance from SMA 50 and SMA 20 was -2.05% and -2.83% respectively.
At a very large distance, Seagate Technology PLC (NASDAQ:STX) has YTD performance up at +95.12%. Its price, as of the latest close, was up +107.70% compared with the 52 week low and was -12.85% below the 52 week high. The stock’s latest closing price was up +10.34% from the average-price of 200 days while it kept its distance from the SMA 50 at +10.81% and +11.78% compared with the SMA 20.
The year-to-date performance of another top performer Linkedin Corporation (NYSE:LNKD) stands at 83.56% with a decline of -5.59% in the last three months and +78.10% in the previous twelve months. Its price, as of the latest close, was +91.97% up from the 52 week low and was -7.84% below the 52 week high. Its latest closing price was +9.48% up from an average-price of 200 days while it kept its distance from the SMA 50 at +7.40% and +5.02% compared with the SMA 20.
Catamaran Corp (USA) (NASDAQ:CTRX) so far this year moved up +74.01% and its monthly performance stands at +0.82%. The stock was up +75.88% from the 52 week low and was -7.51% below the 52 week high. Its latest closing price was +8.07% up from an average-price of 200 days while it kept its distance from the SMA 50 at +0.55% and +0.91% compared with the SMA 20.
On the flip side, Hewlett-Packard Company (NYSE:HPQ) is declining the most in this category with more than 40% fall in 2012. It is being followed by two technology bellwethers Facebook Inc (NASDAQ:FB) and Dell Inc. (NASDAQ:DELL).
Leave a Reply