10 Tech Stocks Leading Wall Street's Monday Rally
Stock Surge
Technology stocks helped rally the market as Wall Street experienced a surge Monday -- the Standard & Poor's 500 index set an all-time high and the Nasdaq index closed up 0.8 percent to reach a 12-year high. The Dow Jones index also closed up 0.7 percent. Here's a look at 10 companies that led the boom.
Microsoft
CEO: Steve Ballmer
April 29, 2013: $32.61
April 26, 2013: $31.79
Change: 2.6%
Last Friday, a federal judge ruled in favor of Microsoft over Google's Motorola Mobility division in the first of two patent trials.
Lenovo
CEO: Yang Yuanqing
April 29, 2013: $18.60
April 26, 2013: $18.16
Change: 2.6%
Lenovo has confirmed it is in negotiations to buy a server business, but stopped short of saying that business was IBM's.
Hewlett-Packard
CEO: Meg Whitman
April 29, 2013: $20.50
April 26, 2013: $19.97
Change: 2.7%
Hewlett-Packard Enterprise Group Executive Vice President Dave Donatelli Monday rallied the company's partners to capitalize on the indecision surrounding the potential sale of IBM's x86 server business and Dell's proposed $24.4 billion leveraged buyout.
ScanSource
CEO: Mike Baur
April 29, 2013: $28.65
April 26, 2013: $27.82
Change: 3.0%
ScanSource reported earnings of 50 cents per share on sales of $683 million last week, within the company's guidance.
Apple
CEO: Tim Cook
April 29, 2013: $430.12
April 26, 2013: $417.20
Change: 3.1%
Apple's Cook has been under pressure lately but remains a Wall Street favorite.
Accenture
CEO: Pierre Nanterme
April 29, 2013: $81.13
April 26, 2013: $78.66
Change: 3.1%
Accenture's stock hit a 52-week high last week and continued to rally again Monday. Earlier this month, the company rolled out a new platform to manage hybrid clouds.
NetSuite
CEO: Zach Nelson
April 29, 2013: $88.70
April 26, 2013: $85.75
Change: 3.4%
Last week NetSuite reported 50 percent growth in channel sales in its first fiscal quarter.
Premiere Global Services
CEO: Boland Jones
April 29, 2013: $11.22
April 26, 2013: $10.83
Change: 3.6%
Premiere Global Services beat Wall Street's earnings expectations two weeks ago, although missing analysts' expected revenue mark. Shares jumped more than 5 percent and have continued to draw investors.
FalconStor
CEO: James McNiel
April 29, 2013: $1.65
April 26, 2013: $1.59
Change: 3.8%
FalconStor also saw its stock surge days after announcing its first-quarter financials last week.
BlackBerry
CEO: Thorsten Heins
April 29, 2013: $15.61
April 26, 2013: $15.02
Change: 3.9%
BlackBerry has dropped out of the Top 5 mobile phone companies but its latest BlackBerry OS must be impressing investors.