Technology Sector Update for 01/23/2018: MSFT, AAPL, IBM, CSCO, GOOG, VZ, QCOM, ADBE, LOGI, TSLA

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Top Technology Stocks:

MSFT: +0.4%

AAPL: +0.3%

IBM: flat

CSCO: -0.2%

GOOG: flat

Technology shares were positive in pre-market trading on Tuesday.

Expected movers:

– Verizon Communications ( VZ ): Q4 revenue exceeds expectations

– Qualcomm ( QCOM ): urges stockholders to re-elect its board nominees rather than Broadcom’s ( AVGO )

– Adobe Systems ( ADBE ): price target from RBC boosted to $208 from $193, Outperform maintained

– Logitech ( LOGI ): fiscal Q3 results top Street estimates; raises FY guidance

Other news:

– Tesla (TSLA): says CEO Elon Musk won’t receive guaranteed compensation; 10-year plan tied to performance

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