| Internet stocks were moving in the opposite direction of blue chips and technology stocks in midday trading Friday thanks to better-than-expected earnings and analyst moves.
Leaders Lift ISDEX Despite Nasdaq, Dow Tumble::
Internet stocks were moving in the opposite direction of blue chips and technology stocks in midday trading Friday thanks to better-than-expected earnings
http://news.earthweb.com/bus-news/article.php/307121HOME |
At 11:45 a.m. Eastern, internet.com's Internet Stock Index had gained 1.92, or .20 percent, to 947.07, the Nasdaq Composite had lost 13.43 to 4,535.49 and the Dow Jones industrial average had shed 99.59 to 10,414.98.
Major indices were falling despite a report from the government that U.S. consumer prices climbed at a lower rate than expected in January. Clothing prices, which posted their sharpest decline in 11 years, offset higher costs for heating oil, gasoline and tobacco. The consumer price index climbed 0.2 percent last month while the core rate, which excludes food and energy costs, also posted a 0.2 rise.
InternetNews Realtime IT News - Leaders Lift ISDEX Despite Nasdaq ::
Leaders Lift ISDEX Despite Nasdaq, Dow Tumble. Internet stocks were moving in the opposite direction of blue chips and technology stocks in midday trading
http://www.internetnews.com/bus-news/article.php/307121/Leaders+Lift+ISDEX+Despite+Nasdaq+Dow+Tumble.htmHOME |
Sector leaders were mostly in positive territory, including Ariba Inc. (ARBA) was up 8-9/32 to 234-15/32, Broadcom Corp. (BRCM) had climbed 3-3/16 to 193-1/2, Checkpoint Software (CHKP) was up 5-3/4 to 195-3/4, CNET Inc. (CNET) had jumped 5-1/16 to 65-7/8 and Juniper Networks (JNPR) had vaulted 23-1/2 to 264-3/4.
Other strong gainers included Network Solutions Inc. (NSOL), gaining 8-3/8 to 312 and Verisign Inc. (VRSN) up 4-31/32 to 228.
Inktomi Corp. (INKT) was up 5-1/8 to 126-1/4. Dain Rauscher Wessels initiated coverage Friday with a "strong buy," setting a $190 price target.
Brocade Communications Systems Inc. (BRCD) had risen 30-3/4 to 274-3/8. The maker of networking equipment reported fiscal first quarter earnings of 12 cents a share. That beat analyst expectations by 4 cents.
Climateer Investing: February 2008::
COM'S ISDEX, THE INTERNET STOCK INDEX, BREAKS 1000, A GAIN OF 1000% IN LESS THAN FOUR YEARS" That tout was dated March 10, 2000. The Nasdaq closed that day
http://climateerinvest.blogspot.com/2008_02_01_archive.htmlHOME |
Hoover's Inc. (HOOV) was up 1-19/32 to 10-9/16. David Simons, managing director of Digital Video Investments, told Business Weekthe business information provider may be an acquisition target and is currently priced below its fair value.
In the losing column was Global Crossing Ltd. (GBLX), down 5-3/16 to 55-7/8. The fiber-optic network builder's fourth-quarter loss more than tripled due to high network construction costs.
IXL Enterprises Inc. (IIXL) was off 4-3/8 to 35-5/8. The company was downgraded to "accumulate" from near-term "buy" by Merrill Lynch.
Sycamore Networks Inc. (SCMR) had slumped 7-3/8 to 115-1/8. The maker of fiber-optic network equipment plans to sell an additional 15 million shares to expand marketing efforts.
Subscribe to internet.com's HotWatch, a monthly e-mail newsletter
featuring Internet Stock Report's top 10 noteworthy Internet stocks for the
month. Each month you will receive in-depth analysis on the top 10 Internet
stocks to watch with the information you need to assess the fast-paced
nature of Internet stocks. Staying on top of market changes in the Internet Stock
market is what counts. You receive 12 timely issues sent to
you by e-mail. Don't wait, our next issue will be out before you know it
with a whole new perspective on the market. Sign up today at: e-newsletters
Pre-Article:Hot Sector, Hot Underwriter Should Fuel Inforte Flight
Next-Article:Telewest Network Jammed by Unmetered Surfers |