Prediction confirmed: The MobiAppIndex breached the 65 point barrier! This week also the became the greatest gain for the index in almost three (3) months -- 6/22 saw a 5.61% gain. For comparison, the international sector performed the best with EEM and FONE both gaining over 4% on the week. Next weeks' prediction: continued upwards slow climb for the MobiApp Index.
No real news on the VELT gain, but there was a related report indicating that Android ad revenue gained share on iOS. No real news for any of AUGT (biggest loser), COOL (another loser) or EPOC (a winner) either. COOL was supposed to have an earnings announcement, however. Earning season is coming up again.
Upcoming Earnings: AUGT 10/10 11am ET, 10/22 VOCS, 11/2 GLUU, 11/5 EPOC, 11/5 ROVI, 11/13 VELT, 11/14 ROVI, 11/21 P.
Winners: VELT +21.1%, EPOC +11.43%, P +8.4%, NCTY +5.35%, ROVI +3.94%, VOCS +2.72%, GLUU +2.47%
NOTE: MM would have claimed top honors this week with a 25.08% gain.
Losers: AUGT (14.4)%, COOL (12.07)%, COBR (3.95)%, MITK (1.07)%
Comparison: DJI +2.14%, Nasdaq +1.52%, S&P500 +1.94%, EEM +4.25%, FONE +4.75%
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