Several B2B stocks were sprinting ahead Wednesday, as investors were apparently anticipating strong quarterly results.
Commerce One (CMRC) climbed 12%, PurchasePro.com (PPRO) leapt ahead 14%, Clarus (CLRS) rose 10% and Ventro (VNTR) was up 14%. "If you look at any of these companies individually, all of them are going to have a strong September, and people are getting a sense of that," said Patrick Walravens, B2B analyst at Lehman Brothers. "People have been holding off a bit in August, and in general, this is a sector that moves very fast. There are a lot of developments in the coming weeks." For instance, by the quarter's end, he expects that VerticalNet (VERT) will introduce new software, and PurchasePro will launch its site with America Online (AOL). (Walravens rates PurchasePro an outperform and VerticalNet a buy. His firm has performed underwriting for VerticalNet, but not for PurchasePro.) Meanwhile, i2 Technologies (ITWO) said Wednesday that Sears (S) would use its software to get a better handle on inventory at one of its units. Sears' HomeCentral business, whose 14,000 technicians make house calls to fix anything from refrigerators to washing machines, will use i2's software to boost productivity and cut parts inventory. i2's stock was up 4%.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo 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.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,890.46 | 1,351.95 | 2,927.23 | 20.47 |
Oil *
118.75
|
|
UP
6.51 |
UP
1.99 |
UP
11.37 |
UP
0.72 |
10 Yr
2.05%
SPDR Gold
168.02
|
|
+0.05%
|
+0.15%
|
+0.39%
|
+3.65%
|
Data delayed 20 minutes |
Connect with TheStreet