Abby Giveth
Stocks are set for green open following comments from Goldman Sach’s Abby Joseph
Cohen, as she has upped the firm’s model portfolio equity allocation from 65% to
70%.
As most recall, Abby lowered her allocation for tech just about one year ago
to the date, a day which coincidently marked the beginning of the massive slide
in tech. Coincidentally, Goldman is one of the lead underwriters of the Marc
Andreesson-led Loudcloud
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Thursday.
 The challenge for the Nasdaq today will be for it to book a third up
day in a row.
The Nasdaq futures are up 39 points, and the Dow futures are up 42 points.
The S&Ps look to open up 6.2 points while the yield on the 10-year note
is holding at 4.97%.
Wednesday Movers
Despite warning of rough third and fourth quarters ahead, JDS Uniphase
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is trading higher. The optical product maker closed Tuesday at 28 and is
currently trading up to 29 in pre-market activity.
Broadcom
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lower in early action. Broadcom closed Tuesday at 47 7/8 but is trading down to
44 3/4 in pre-market activity.
Big-cap techs are looking up, as Cisco
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following a Tuesday close of 24. Sun Micro
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following a 22 1/4 close.
Juniper Networks
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to 66 5/8 following a Tuesday close of 64 1/16.