CHICAGO, Dec. 9, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Apple (Nasdaq:AAPL-Free Report), Google (Nasdaq:GOOGL-Free Report) and Intel (Nasdaq:INTC-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Technology Stock Roundup
Apple (Nasdaq:AAPL-Free Report) plunged last week due to HFT trading, Google's (Nasdaq:GOOGL-Free Report) legal troubles in Europe continued to increase while Intel (Nasdaq:INTC-Free Report) continued to drive deeper into the wearables market.
Apple Plunges for No Apparent Reason
Apple shares plunged last Monday as a result of high frequency trading (HFT), which is the use of computer algorithms to trade shares at a very rapid pace. As a result, 6.7 million shares were traded in a minute, pulling prices down over 6%.
The decline was a head-scratcher for most, especially considering the company's superb Thanksgiving weekend. But analysts attempted to explain anyway: Apple was affected by Morgan Stanley downgrading the technology sector and lowering Apple's own weighting; people freed up capital to invest in oil and energy, which had grown cheaper over the weekend; and some even came up with data supporting the view that consumer spending was weak during the weekend.
Google Gets More Heat in Europe
Competition authorities in the EU are going at Google from a new angle. They have formally asked Yandex, the most popular search engine provider in Russia to provide information in support of a new anti-trust case against Google for the bundling of Google Mobile Services (GMS) with Android.
GMS is the closed platform that most Android apps are currently built on and is responsible to a very great extent for the Android experience (Google Play, Maps, Gmail, Drive, YouTube, Hangouts and Chrome). Yandex has its own services that it would like to bundle with its own popular search engine. But creating a forked version of Android becomes a problem because Android and GMS are so closely integrated that taking Android without GMS significantly detracts from the experience.
Gigaom contributor David Meyer writes that according to his sources, even large Google partners operating in important Russian speaking countries were forced to use Google search as default. They were also prevented from pre-installing Yandex search on the home screen and were later banned from pre-installing any Yandex services at all.
Intel Drives Deeper into Wearables
Intel is now teaming up with Luxottica to make high-tech, high-fashion eye wear over a number of years. Fashion is Luxottica's strong point: it is well known for brands like Ray Ban, Oakley and Persol. Intel's strong point is technology and its determination to succeed in the wearables market.
This is one of several alliances Intel has made in the recent past, but the last week seemed to be reserved for eyewear, since it also replaced Texas Instruments in Google Glass and promised to sell the device into certain markets.
As far as fashion goes, Intel earlier tied with Fossil to make fashionable hi-tech wearables and a few weeks back, it announced MICA, a hi-tech bracelet for the fashion-conscious.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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