More Videos
- 3D's Tipping Point and Your Living Room
- Silicon Valley and Hollywood Now Fast Friends
- HP Comes in As Expected; Is It Time to Buy?
- Apple Comes to AT&T's Rescue
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- Dell Has Some Explaining to Do
- Dell May Start to Show Some Promise
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Intel's Andy Bryant Offers An Explanation
MOST SHARED
- Wednesday's Economic News Crunch Could Tilt Markets
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Obama Reiterates Commitment to Boost US-India Ties
- NBA D-League On The Rise
- The Social Media Gaming Threat
- Australia Wheat Exporters Face Challenges: GrainCorp
- Japan Export Rebound Eases Fear of New Recession
- Stifling Anger at Work Can Kill, Survey Finds
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
- Americans Ditch Planes for Trains this Thanksgiving
- AIG Board OKs CEO Pay; Benmosche Agrees to Stay
- Half of Banks' Losses May Still Be Hidden: IMF Head
- Obama Reiterates Commitment to Boost US-India Ties
- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- Turkey Day 101: How Well Do You Know Your Bird?
- Citi Mortgage Reveals Something the US Treasury Won't
RSS FEED
Tech Check
Text Size 
 |
CNBC.com |
I heard from many of you over the weekend, and the tone was a little surprising. Seems with tech, a lot of you are looking for opportunities. And the pro investors among you will be in a shopping kind of "buy-low" mood.
The equity sell-off is tremendously magnified in tech this morning: the bigger they are, the harder they're falling. It seems we're looking at 10 percent moves to the downside at best; double that at worst. Apple [AAPL
Loading...
()
] was down as much as $18 a share; Google [GOOG
Loading...
()
] $36 a share, after sharp declines last week.
Over the weekend, almost everyone I spoke to said they'd wait to see the carnage from today -- into tomorrow, and then start selectively getting back in. In other words, this isn't capitulation in tech shares; it'll be bargain-hunting once the panic passes by. I thought that was interesting. An optimistic tune certainly worth mentioning today.
The most likely bounce-backs: those tech leaders with large cash on the balance sheet, no debt, and top names in the sector. Apple's earnings today will be key. Same with Texas Instruments. Intel, Cisco, Microsoft and Hewlett-Packard also came up a lot as the first ones to see share-price recovery.
Pacific Crest, as an example, issued a $42 target on Microsoft this morning, making Thursday's earnings that much more important to watch.
This won't happen overnight. But with an aggressive Fed and tech fundamentals still strong, it will happen.
Anyhow, that's the early view from Silicon Valley. And don't forget, with Apple's earnings out after the bell today, I'll be live-blogging the company's conference call. A key window into tech just when investors might need it most.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes