The four horsemen ride again.
The relief rally in Google (GOOG) shares today following yesterday’s impressive first quarter results (see transcript)has spurred widespread buying in Internet shares; it’s also triggered moves by the other “four horsemen” stocks that dominated the tech sector in 2007.
All four of the stocks suffered deep declines earlier in the year, and all have since rallied nicely.
- Google is up $89.26, or 19.9%, to $538.38; the stock is still off 22.2% from its year end level of $691.48.
- Apple (AAPL) is up $6.29, or 4.1%, to $160.78; the stock has rallied nicely since bottoming around $120 in March, but remains 19% below its year-end level of $198.08.
- Amazon (AMZN), is up $5.86, or 7.9%, to $79.89; AMZN is down 14% from $92.64 at year end.
- Research In Motion (RIMM) is up $4.58, or 3.9%, to $123.21; after trading down to the high 80s earlier in the year, the stock has actually gained about 7% for the year.
