Google and Apple spark tech buying

October 14, 2011: 2:15 PM ET
Google, Apple

Click chart for more market data.

NEW YORK (CNNMoney) -- Google extended its weekly gains to almost 15% after reporting another impressive quarter.

The Internet juggernaut again beat the estimates by a wide margin. Google recorded a 34% surge in revenue and 27% increase in earnings year-over-year, disproving the effects of the law of big numbers and the popular opinion that its growth stage is long gone.

Google (GOOG, Fortune 500) is not the only hot tech stock this week. The stronger-than-initially expected iPhone 4S sales are boosting a handful stocks.

Apple (AAPL, Fortune 500) is the obvious, direct play, but many investors are focusing on the stocks of companies that supply parts for the latest iPhone.

For example, Nuance (NUAN) provides the speech-recognition software, and its stock is up 25% for the past month.

Other major parts suppliers include Samsung, Broadcom (BRCM, Fortune 500), Avago Technologies (AVGO) and TriQuint (TQNT).

These are some of the popular themes on StockTwits this Friday

lamonicabuzz: Google's "other" revenues (not advertising) 4% of total sales. Up from 3.5% a year ago. $GOOG still one-trick pony. But pony is Secretariat.

JoshPritchard: $GOOG ends the quarter with north of $42B in cash; after Q4, they should be ~$45B. SO, after digesting $MMI, they'll still have ~$100/share

ldrogen: $GOOG is adding through subtraction by shutting down non focus products, so smart, consolidate and focus

StockSage1: "Your experience on a phone could actually become better than your experience on a computer, the phone knows where you are...." Page $GOOG

TysonBrowning: The "what parts are in $AAPL devices game" never gets old. See $AVGO $TQNT $SWKS $QCOM http://t.co/9usBJx8B

vader7x: $ARMH $BRCM $QCOM $SKWS $AVGO $TQNT $SNE $GLW $NUAN $CRUS $FLEX $TXN $AAPL http://t.co/4K9hPVQS: iPhone4s winners  To top of page

Index Last Change % Change
Dow 17,805.76 -9.18 -0.05%
Nasdaq 4,772.28 14.03 0.29%
S&P 500 2,069.40 2.37 0.11%
Treasuries 2.23 -0.03 -1.15%
Data as of 10:24am ET
Company Price Change % Change
Apple Inc 118.57 0.97 0.82%
Hewlett-Packard Co 38.58 0.95 2.52%
Facebook Inc 76.38 0.76 1.00%
Kinder Morgan Inc 40.71 -0.04 -0.10%
Bank of America Corp... 17.08 -0.02 -0.12%
Data as of 10:09am ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.96%3.98%
15 yr fixed3.07%3.09%
5/1 ARM3.20%3.23%
30 yr refi3.96%4.07%
15 yr refi3.08%3.17%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.