January's tech winners and losers

|About: Autohome Inc. (ATHM)|By:, SA News Editor

The tech sector (NYSEARCA:XLK) is up 1% and the Philadelphia Semiconductor Index gains 1.6% as we close out a week of big tech earnings (including Amazon, Apple, and Microsoft) with President Trump optimistic on a China trade deal.

The US-China trade ware made January a rough month for China-exposed tech stocks. Chinese internet stocks were among the largest decliners in the month with Autohome (NYSE:ATHMdown 7.5%, Bitauto (NYSE:BITAdown 22%, and Uxin (NASDAQ:UXINdown 29.8%.

Qualcomm (NASDAQ:QCOMfell 23% to become one of the largest U.S. large-cap decliners in the past month. Legal challenges with Apple and the FTC weighed QCOM before this week's earnings report beat estimates.

January gainers included Luxoft (NYSE:LXFT+90.8% after DXC acquired the company for $2B, Xerox (NYSE:XRX+42.8% on mixed earnings and Citi mentioning its buyout potential, and AMD (NASDAQ:AMD+32% benefitting from Nvidia's earnings warning.

Related broad tech ETFs: XLK, VGT, TECL, FTEC, IYW, ROM, QTEC, RYT, FNG, TECS, IGM, FXL, XNTK, REW, JHMT, XITK

Subscribe for full text news in your inbox