Why these 10 tech stocks have changed this week – .

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Why these 10 tech stocks have changed this week – .


In this article, we’ll take a look at some of the notable stocks that have moved this week. You can skip our detailed analysis of these stocks and go read Why these 5 tech stocks have changed this week.
This week has been a roller coaster ride for the market given the Evergrande situation in China and the Fed meeting. It has also been an eventful week for stocks such as salesforce.com, inc. (NYSE: CRM), Micron Technology, Inc. (NASDAQ: MU), Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Facebook Inc. (NASDAQ: FB), Amazon.com Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG). Let’s see why the spotlight has been on every action this week and how elite funds have positioned themselves among them.

Elon Musk

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10. Tesla, Inc. (NASDAQ : TSLA) shares are up nearly 5.5% this week amid the broader market rally and Musk’s comments that the semiconductor chip shortage that has been a headwind for many automakers could be a short term problem. Tesla, Inc.’s (NASDAQ: TSLA) “beta button” that allows owners to request the most sophisticated version of the company’s self-driving software at the touch of a finger could help sentiment further. The “beta button” went live on Friday. While the stand-alone software from Tesla, Inc. (NASDAQ: TSLA) is not really fully stand-alone, it has the potential to be in the future. Catherine D. Wood’s ARK Investment Management held more than 5.4 million shares of Tesla, Inc. (NASDAQ: TSLA) at the end of June.

9. Apple Inc. (NASDAQ : AAPL) the stock is up more than 2% this week on the rise in the market. With more certainty about the potential future path for interest rates following the release of data from the Fed meeting this week, some investors are more bullish and this has likely helped Apple Inc. (NASDAQ: AAPL).

Apple Inc. (NASDAQ: AAPL) also made headlines after a showbiz union said Apple claims it has less than 20 million TV + subscribers in the United States and Canada in early July. Considering the scale of Apple’s other business, the current number of Apple TV + subscribers is not a big deal for the stock. Many smart money funds look bullish according to the latest 13F deposit data. The number of elite funds that were long Apple Inc. (NASDAQ: AAPL) rose to 138 at the end of the second quarter, from 127 in the first quarter.

8. Facebook, Inc. (NASDAQ : FB) fell nearly 2% this week despite the broader market rally. Although Facebook, Inc. (NASDAQ: FB) rallied on Friday, the stock fell earlier in the week amid speculation about the negative impact of changes to Apple’s privacy policy on financial results from Facebook, Inc. (NASDAQ: FB). Eagle Capital Management increased its position 7% from the previous quarter to over 7.4 million shares in Facebook, Inc. (NASDAQ: FB) at the end of June.

7. Amazon.com, Inc. (NASDAQ : AMZN) rose 0.87% this week as the stock continues to consolidate technically. Amazon.com, Inc. (NASDAQ: AMZN) also made headlines with this week’s announcement that the company plans to open its own department stores, which could increase clothing sales. Amazon.com, Inc. (NASDAQ: AMZN) is already physically active with its purchase of Whole Foods several years ago. Amazon.com, Inc. (NASDAQ: AMZN) was the most widely held smart silver stock at the end of the second quarter according to our database of 873 elite funds, with 271 funds we track holding stocks. from Amazon.

6. Alphabet Inc. (NASDAQ:GOOG) is up about 2.6% this week as the company nears the $ 2 trillion market cap level. Meanwhile, Alphabet Inc. (NASDAQ: GOOG) remains the dominant search provider and according to The Information, Alphabet Inc. (NASDAQ: GOOG) is also looking for potential search offerings for Instagram and TikTok videos. 190 main funds of which we follow the shares held in the shares of Alphabet Inc.

Like Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Facebook Inc. (NASDAQ: FB), Amazon.com Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), salesforce .com, inc. (NYSE: CRM) and Micron Technology, Inc. (NASDAQ: MU) also moved this week.

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Disclosure: none. Why these 10 tech stocks have changed this week was originally published on Insider Monkey.

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