This Day On The Street
Continue to site
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

Tech Stocks Offer Security Banks Can't

SAN FRANCISCO -- The ironic thing about Tuesday's Citigroup (C - Get Report)-inspired market rally is that it merely preserved the continued outperformance of tech stocks.

While Dow-watchers were enjoying their 379-point run-up, neither that index nor the S&P 500 could boast the jump of more than 7% posted by the Nasdaq.

That gap was in similar effect on Wednesday, with the Nasdaq recently up 1.6% to the S&P's 1.2% climb and the Dow's 0.8% rise.

Over the past three months, the Nasdaq is now down by only 9% or so, while the Dow and S&P have fallen nearly 20%, even after Tuesday's jump.

Several reasons exist for this, with the main one supporting the notion that said outperformance will continue: Most tech stocks will be here, in their current form, without government assistance, a year from now.

A skim of the Nasdaq's most-active list on Tuesday offers you Microsoft (MSFT - Get Report), Intel (INTC - Get Report), Cisco (CSCO - Get Report), Oracle (ORCL) and Apple (AAPL - Get Report).

All of these companies have their own share of challenges in 2009, but we're all fairly certain that each stock will rise again when the global economic engine starts revving again.

And what does a New York Stock Exchange list look like today? It gives you the giants of finance -- Citigroup, Bank of America (BAC - Get Report) and General Electric (GE - Get Report) -- as day-trading favorites.

This is the market's equivalent of playing in a basketball conference with too many weak teams. The Big East gets 7 bids, the Mid-American Conference champ gets a date with UConn in the first round.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.95 0.00%
BAC $16.11 0.00%
C $53.76 0.00%
CSCO $29.13 0.00%
GE $27.31 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs