Trouble Ahead For The Tech Sector? [Apple Inc., Facebook Inc, Google Inc, Tesla Motors Inc, Twitter Inc]

market cautionAre big misses by Google Inc (NASDAQ:GOOGL) and International Business Machines Corp. (NYSE:IBM) signs there’s trouble ahead for the tech sector?

It’s been a mix of good news and bad news over the past few days for some of the biggest tech companies out there.

Sure, there were earnings beats by the likes of Apple Inc. (NASDAQ:AAPL) and Texas Instruments Incorporated (NASDAQ:TXN), both of which soundly exceeded analysts’ expectations.

But there were also some big doozies.

Last week, Google disappointed Wall Street by missing revenue estimates. Then after reporting lower-than-expected revenue and earnings, IBM’s stock plunged as much as 9 percent Monday morning.

On top of that, money has been running away tech stocks in massive amounts.

Watch the video below for more details:

Technology Select Sector SPDR ETF (XLK) Holdings

Top 10 Holdings (59.46% of Total Assets)
Company Symbol % Assets
Apple Inc. AAPL 15.50
Microsoft Corporation MSFT 9.82
Verizon Communications Inc. Com VZ 5.35
AT&T Inc. T 4.70
International Business Machines IBM 4.53
Google Inc. GOOGL 4.30
Google Inc. GOOG 4.22
Facebook, Inc. FB 3.96
Intel Corporation INTC 3.78
Cisco Systems, Inc. CSCO 3.30

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