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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

5 Tech Stocks Investors Are Less Bearish On

An improving outlook for a company tends to shake out bearishness for companies facing high short-selling. In the technology sector, shares in companies like Oracle (ORCL) and Cisco (CSCO) rose more prominently than normal, after short-sellers covered their negative bets against them. Investors who bet against the prospects in Yahoo (YHOO) lost up to 25% as shares rose from $16 in October 2012 to $19.50. The companies experiencing a sharp decline in bearishness are listed below:

Screen shot 2013-01-03 at 8.48.24 PM

Analyze These Ideas: Access a performance overview for all stocks in the list

Bearishness happened to have declined for large capitalization technology stocks. While the negative positions could have been hedges, the appreciation in these shares is justified. Oracle reported another strong quarterly result, while Cisco did not provide guidance that was too disappointing.

Yahoo’s management change is so-far being greeted positively. Social media companies like Facebook (FB) or LinkedIn (LNKD) may command a premium, but Yahoo still draws healthy traffic to its content-generating sites. Yahoo Finance continues to be a popular portal for investors, and its partnership with CNBC and other media houses ensures there is always fresh material for its users.

Of the companies listed, only communications equipment maker QUALCOMM (QCOM) and Microsoft (MSFT) continued to decline after short-selling volume declined 10% and 14% respectively.

EXCLUSIVE OFFER: Jim Cramer’s Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he’s trading today with a 14-day FREE pass.

Apple could indirectly impact the valuation for Qualcomm. Citi recently downgraded some of the Apple suppliers, but Qualcomm is well-positioned for the continued growth in smartphones. Demand may eventually reach saturation in North America, but so far there is no evidence that this is happening. Demand in China, Europe, and the developing nations will ensure upside for Qualcomm.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

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