NEW YORK (CNNMoney) -- With Apple crushing estimates and VMware raising guidance, technology stocks grabbed the attention of investors on Wednesday.
Apple (AAPL, Fortune 500) beat consensus earnings estimates by a wide margin.
Shares of Apple advanced 3% on the news and the stock is now up 20% for the year.
Shares of VMware (VMW), which is a leading company in cloud computing, rose 2% on better than expected earnings and sales guidance.
Meanwhile, Zillow (Z) priced its IPO offering above the range.
The real estate website sold 3.4M shares at $20 each.
Its stock more than doubled in early morning trading before pulling back a bit in the afternoon.
These are some of the more popular themes on StockTwits Wednesday:
milktrader: Since 2007, if you bot the close after $AAPL gapped up over 5% you would have even odds that you'd get positive returns between 1&10 days.
RogWilco: So $AAPL more than tripled its revenue in Asia from $1.8B to $6.3B after seemingly only scratching the surface of that market. Dang.
dkberman: #Apple now has $78 billion of cash in the bank. That's worth more than all of Goldman Sachs, market value $65 billion.$AAPL$GS #ipad
EddyElfenbein: $AAPL earned more in the second quarter than the stock was worth 13 years ago. $$
IEM_Chris: Quite the weakness when indices showing flat... strong fade on $AAPL $VMW, entire cloud space getting dragged down.
MichaelKrey: VMware's $VMW sterling Q2 more proof that it's in a great spot with the hot cloud computing trend.
abubnic: Next to impossible to make money on a new $IPO on first day. Insiders get all the breaks/benefits of initial pop. Better to hold off. $Z
Techinsidr: Wow $Z is going nuts - awesome debut.... The Google of real estate? ![]()
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 15,421.03 | 33.45 | 0.22% |
| Nasdaq | 3,494.66 | -7.46 | -0.21% |
| S&P 500 | 1,670.07 | 0.91 | 0.05% |
| Treasuries | 2.03 | 0.09 | 4.48% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 13.61 | 0.17 | 1.26% |
| Pfizer Inc | 29.55 | 0.77 | 2.68% |
| Ford Motor Co | 15.26 | 0.31 | 2.04% |
| Microsoft Corp | 34.71 | -0.14 | -0.40% |
| General Electric Co | 24.00 | 0.34 | 1.46% |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.65% | 3.65% | |
| 15 yr fixed | 2.80% | 2.78% | |
| 5/1 ARM | 2.59% | 2.60% | |
| 30 yr refi | 3.64% | 3.63% | |
| 15 yr refi | 2.79% | 2.78% |
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