This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Night Watch: Oracle, WorldCom Tick Higher

Technology stocks were mostly higher after the close, and traders were coming back to some names that have been unloved lately on Wall Street.

Oracle (ORCL - Get Report), which just before the closing bell said it would at least meet analysts' estimates for the fourth quarter, was ticking up 0.2% to $8.68. Oracle closed the regular session strong, finishing up 10.7% to $8.66.

WorldCom (WCOM) was adding 2.5% to $1.45 on word it would get out of the wireless resales business and cut some of the 2,200 jobs at the division.

Volume was stronger than it has been in the last few days. In the first 90 minutes of trading, around 3.8 million shares changed hands among the top-20 volume movers on the Instinet platform.

Among other active stocks, AT&T (T) was down 2.1% to $11.40, and Intel (INTC - Get Report) was losing 0.1% to $28.15.

Otherwise stocks were stronger. The Nasdaq 100 Unit Trust (QQQ) was up 0.1% to $29.70. Palm (PALM) was gaining 1.2%, and Sun Micro (SUNW) was adding 0.3%. Microsoft (MSFT - Get Report) was up 0.2%.

Altera (ALTR) was climbing 1.6% to $16.86 after the company said it expects to see sequential revenue growth this quarter of 4% to 6%, sticking with a prediction it made in its most recent earnings report. Competitor Xilinx (XLNX) was gaining 0.6% to $32.08.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs