Michael Sheldon Tech Quotations

Given that tech companies are already trading at pretty high valuations, these companies' earnings are going to have to really deliver for the stock prices to show a substantial reaction.

We're not seeing a lot of follow-through in the Nasdaq. You're not seeing a dramatic weakening in the index, but Apple created a bit of a drag for tech stocks, and we haven't seen buyers really step up to the plate.

Following the disappointing tech news after the close, it looks like the market could be in for rough sledding at the open.

The news from Cisco was disappointing for tech investors. The longer-term outlook was positive, but shorter term there were a few items in the report that unsettled.

The news from Cisco was disappointing for tech investors,

Stock prices moved lower for most of the day, but closed off their lows after oil prices retreated. All in all, there was a lot of hesitation before the earnings by the two tech bellwethers.

All three major tech stocks that reported after the bell yesterday beat estimates and raised guidance, and were certainly a positive shot in the arm for tech investors.