Techs Again Taking Charge
On the heels of the semiconductor-led 3.6% Nasdaq rally, stocks
are poised for a mixed open Wednesday, with technology stocks again looking at a
positive open.
The Nasdaq futures are up 15.50 points, and the Dow futures are
down 22 points.
The S&Ps look to open flat while the yield on the 10-year
Treasury has drifted down to 5.26%.
Positive comments from analysts and company managements appear
to be the catalyst behind the positive leanings in tech-land.
Wednesday Movers
Cisco
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PowerRating), which was one of Tuesday’s big movers with a
9% gain, is set for more upside in Wednesday trade. The networking giant closed
Tuesday up 1.66 to 21.39 and is trading up to 21.46 in pre-market activity.
Another big-cap showing signs of a strong open is Sun
Microsystems
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PowerRating). Sun gained 94 cents to 17.02 on Tuesday and is already
trading up to 18.20 in pre-market activity.
Citrix Systems
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open following comments from management that the company will likely beat second
quarter earnings estimates. Citrix closed Tuesday at 23.71 and is currently
trading up to 26.46 in pre-market activity.
RealNetworks
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PowerRating) is set for a strong open following word
Tuesday that it may supply some of the software that will help online music
exchange Napster implement a legal, subscription-based business model. RNWK
closed Tuesday at 12.55 and is currently trading up to 13.50 in pre-market
action.
Positive comments from Goldman Sachs has Ciena
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PowerRating)
heading higher in pre-market trade. The company closed Tuesday at 59.57, and it
is currently trading up to 60.85 in pre-market activity.