Apple continues to dominate, while reports of an imminent Facebook IPO caused several social media stocks to rally, including Pandora, Zynga, GroupOn, and Linked In. Check out this week's best and worst performers.

The AlwaysOn X Fund portfolio advanced 3.4% last week, while the NASDAQ was up 1.1%, and the S&P 500 was up 0.1%. For the year, the AO X Fund is up 9%, the NASDAQ is up 8.1%, and the S&P 500 up 4.7%.
Apple had an extremely strong quarter, with earnings growth of 116% and revenue growth of 73%. iPhone sales were the main driver, with 34 million iPhones sold during Q4, up 128%. iPad sales were also strong with 15.4 million units sold, up 111%, and Macs grew 26%, with 5.2 million sold. iPod sales continued to decline, down 21%, with 15.4 million sold. Retail revenue was up 37% vs. last year, and Apple generated $17.5 billion in cash from operations and now has $98 billion in cash on its balance sheet. For the week, AAPL advanced 6.4%.
About the author: Michael Moe

Michael Moe is an AlwaysOn contributing editor, a co-founder of NeXt Asset Management, and he previously co-founded ThinkEquity Partners.