Tech Stocks Jump, Apple Leads (AAPL, NFLX, OPXT, DANG, HIT, AMZN)
Technology stocks were outperforming On Tuesday with gains coming across the sector. Apple Inc.(NASDAQ:AAPL) continued to hit record highs followed by the recent consolidation.
Netflix Inc (NASDAQ:NFLX) went up 0.42% to $122.45. The Company has strong plans for the growth. Netflix will be offering HD content on more than its streaming service and Blu-ray discs. The Company is increasing its international presence and recently has opened its streaming service in the U.K. and Ireland.
Opnext Inc (NASDAQ:OPXT) surged up 46.02% to $1.65 on a thickly traded volume of 7.10 million shares. Oclaro Inc and Opnext Inc have entered into a definitive agreement to merge in an all-stock transaction. The shareholders of Opnext will receive a fixed ratio of 0.42 shares of Oclaro common stock for every share of Opnext common stock.
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) soared 6.30% to $7.93. The stock upgraded the rating on the stock from perform to outperform with a price target of $9.50.
Hitachi Ltd (ADR) (NYSE:HIT) went up 0.21% to $63.21. Hitachi Data Systems Corporation, subsidiary of the Company will showcase virtualization, capacity efficiency and big data technologies, high-performance voice, data and video solution at industry events throughout April 2012.
The Company plans to cut its costs by 450 billion yen per year or $5.4 billion by fiscal 2015.
Amazon.com Inc (NASDAQ:AMZN) moved up 2.76% to $208.57. The Company intends to locate a new fulfilment center in Indiana. This will create up to 1,050 new jobs by 2015 and around $150 million in investment in the state.
The Company has entered into a distribution agreement with J.K Rowling’s new website and Pottermore, an ebook shop.