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!

How Nine Tech Stocks Show Everything Old Is New Again

NEW YORK (TheStreet) -- Old technology companies are in vogue again as momentum returns to the nine stocks profiled today. Each has gained between 10% and 40% year to date and between 19% and 66% during the last 12 months.

What prompted my attention was Intel ( INTC) raising its earnings esimates after the closing bell on Thursday. Overly simplified, Intel expects increased demand for business PCs.

On April 7 I wrote, Will Investors Support Microsoft After It Ends Windows XP Support?. The answer is yes as businesses migrate away from Windows XP. Microsoft (MSFT - Get Report) recommends that companies shift to Windows 8.1. That means demand for new PCs as older computers will not run under Windows 8.1.

As a lyric from the Peter Allen and Carole Bayer Sager song goes, "We'll order now, what we ordered then, cause "Everything Old is New Again."

All nine stocks are above their five key moving averages with either rising or overbought 12x3x3 weekly slow stochastics, which makes all weekly chart profiles positive. This is the characteristics of all momentum stocks.

Apple (AAPL) ($91.28) traded at its 2014 intraday high at $95.05 last Tuesday with a monthly value level at $90.23 and a semiannual risky level at $95.32.

Adobe Systems (ADBE) ($66.82) is an important stock to watch this week as the company reports quarterly results after the closing bell on Tuesday. Analysts expect the company to report earnings per share of 16 cents.

Weekly and semiannual value levels are $63.53 and $62.44, respectively, with quarterly and monthly risky levels at $72.23 and $72.53, respectively. A new computer may require the purchase of new Adobe software.

Applied Materials (AMAT) ($22.37) set a multiyear intraday high at $22.41 on Friday on the prospect of increased demand for semiconductor fabrication equipment. We show weekly and monthly value levels at $21.67 and $20.96, respectively, with a quarterly pivot at $22.07.

1 of 4

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
INTC $33.65 -0.87%
MSFT $44.06 0.15%
AAPL $130.42 1.26%
FB $80.41 1.07%
GOOG $555.48 2.13%

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

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