By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks showed signs of life
Tuesday as the sector prepared for an onslaught of earnings
reports, beginning with semiconductor giant Intel Corp., after the
close of trading.
Intel (INTC) shares rose more than 3%, to $32.51 in advance of
the chip leader's third-quarter results. Analysts surveyed by
FactSet expect Intel to report a profit of 65 cents a share on
$14.45 billion in revenue for the period ended in September.
Netflix Inc. (NFLX), which reports its third-quarter results
after Wednesday's market close, was up by $1.55 a share at
$440.10.
Other gains came from Pandora Media Inc. (P), Oracle Corp.
(ORCL), Amazon.com Inc. (AMZN) and online travel agency Orbitz
Worldwide Inc. (OWW), which rose 3% to $7.65 after having its
rating upgraded to outperform from market perform by FBR Capital
Markets analyst Jake Fuller.
Apple Inc. (AAPL) rose 10 cents a share to $99.88 in advance of
a company event Thursday that is expected to focus on the release
of new iPads
Alibaba Group (BABA) shed 1.2% to slip to $84.17 a share.
However, UBS analyst Erica Werkun initiated her coverage of the
Chinese Internet company with a buy rating and $100-a-share price
target.
The Nasdaq Composite Index (RIXF) rose 23 points to 4,236 and
the Philadelphia Semiconductor Index (SOX) added 1.7%.
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