Hot Watch List: Xerox Corp (NYSE:XRX), International Business Machines (NYSE:IBM), Oracle Corporation (NYSE:ORCL), Baidu Inc (NASDAQ:BIDU), SouFun Holdings (NYSE:SFUN)

Technology Stocks News 14

Morgan Stanley initiated coverage on shares of Xerox Corp (NYSE:XRX) in a research note released on Monday morning. The firm issued an overweight rating and a $15.00 target price on the stock. Xerox Corp (NYSE:XRX) stock performance was -0.08% in last session and finished the day at $12.20. Traded volume was 14.51million shares in the last session and the average volume of the stock remained 8.42million shares. The beta of the stock remained 1.71. Xerox Corp (NYSE:XRX) insider ownership is 0.30%.

Sapa has signed a five-year global services agreement with International Business Machines Corp. (NYSE:IBM) to operate the IT infrastructure for all of its locations. With the new agreement, Sapa will be able to use a cloud infrastructure for new workloads to support its rapid growth and expansion into new geographies. The outsourcing contract was signed on June 6. The contract will remain in place for five years. International Business Machines Corp. (NYSE:IBM) dropped -0.44 percent to $187.22 Tuesday on volume of 3.14million shares. The intra-day range of the stock was $186.37 to $188.08. International Business Machines Corp. (NYSE:IBM) has a market capitalization of $189.50billion.

The Vocational Training Authority (VTA) of Sri Lanka and Oracle Corporation (NYSE:ORCL) Singapore Pte Ltd, have signed a Memorandum of Understanding (MoU) to implement the Oracle Academy’s Introduction to Computer Science program, and Advanced Computer Science program into the  VTA’s Vocational Training Centers (VTC) island-wide. Oracle Corporation (NYSE:ORCL)’s stock on July 08, 2014 reported a decrease of -0.81% to the closing price of $40.56. Its fifty two weeks range is $31.05 -$43.19. The total market capitalization recorded $180.69billion. The overall volume in the last trading session was 12.35million shares. In its share capital, ORCL has 4.45billion outstanding shares.

Conversations with Baidu Inc (ADR) (NASDAQ:BIDU)’s leading search agency partners suggest ad spending  could exceed the company’s 20% growth estimate for the second quarter, according to JG Capital. On Tuesday, shares of Baidu Inc (ADR) (NASDAQ:BIDU) dropped -3.03% to close the day at $182.30. Company return on investment (ROI) is 16.70% and its monthly performance is recorded as 5.78%. Baidu Inc (ADR) (NASDAQ:BIDU) quarterly revenue growth is 27.03%.

SouFun Holdings Ltd. (SFUN) dropped the most in a month, leading a decline among Chinese real-estate listing websites traded in the U.S., on concern developers are delaying sales fees as property prices slump.  SouFun Holdings Ltd (NYSE:SFUN) stock performance was -7.18% in last session and finished the day at $9.83. Traded volume was 9.70million shares in the last session and the average volume of the stock remained 6.83million shares. The beta of the stock remained 2.15. SouFun Holdings Ltd (NYSE:SFUN) insider ownership is 0.37%.

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