While stocks were sluggish during regular trading today, after-hours buyers pounced on two recent inductees to the S&P 500.
Replacing the
Ciscos (CSCO Quote - Cramer on CSCO - Stock Picks) and the
Intels (INTC Quote - Cramer on INTC - Stock Picks) of the world, e-commerce infrastructure provider
Concord EFS (CEFT Quote - Cramer on CEFT - Stock Picks) was recently the heaviest traded stock on
Instinet, gaining 3.2% to $41.75, with over 600,000 shares being exchanged. The shares were also ratcheting up gains on
Island ECN, the other extended-hours platform, as investors scrambled to snap up the stock. The company, which is based in Memphis, Tenn.,
announced yesterday it would cut 250 jobs, or 10% of its workforce, in a streamlining move.
Likewise,
Fiserv (FISV Quote - Cramer on FISV - Stock Picks) was getting snapped up by the after-hours crowd. On Instinet, the shares rose 3.4% to $46.25 and climbed 2.3% to $45.75 on Island. Fiserv, which provides data processing, business support and transaction processing to about 10,000 financial services providers, including banks, insurance companies and brokerage firms, replaced
Old Kent Financial (OK Quote - Cramer on OK - Stock Picks) on the index. The stock, like Concord, was previously on the
S&P MidCap 400.
But poor
Dendrite (DRTE Quote - Cramer on DRTE - Stock Picks). The stock recently tumbled 14.3% to $12 as investors reacted to its after-the-bell earnings warning, which said its first-quarter earnings per share would be "in the low- to mid-single pennies" due to higher-than-expected costs.
Extended hours volume was healthy, especially on Instinet, where winners seemed to outpace the losers. Some blue-chip tech names were on the rise, including
Oracle (ORCL Quote - Cramer on ORCL - Stock Picks), lately up 0.3% to $15.03;
Dell Computer (DELL Quote - Cramer on DELL - Stock Picks), up 1.2% to $26; and even beaten-down
Palm (PALM Quote - Cramer on PALM - Stock Picks) managed to gained 0.4% to $8.44.
The triple Qs, or the
Nasdaq 100 (QQQ Quote - Cramer on QQQ - Stock Picks), was lately up 0.3% to $39.28 on Instinet.
The first quarter may be over, but some things don't seem to change. Indeed, bellwether Cisco continued its slide as the shares were off 0.8% to $15.69 on Instinet. Island players sold off on tech stalwarts
JDS Uniphase (JDSU Quote - Cramer on JDSU - Stock Picks),
Juniper Networks (JNPR Quote - Cramer on JNPR - Stock Picks) and
Microsoft (MSFT Quote - Cramer on MSFT - Stock Picks). Included in the downturn were names like
Ariba (ARBA Quote - Cramer on ARBA - Stock Picks), which lately lost 1.58% to $7.78, and software maker
BEA Systems (BEAS Quote - Cramer on BEAS - Stock Picks), down 1.28% to $29.
 |
| 10 most active stocks on Instinet (6:00 p.m. EST) |
| Company | Price | Change | Session Volume |
| Concord EFS (CEFT Quote - Cramer on CEFT - Stock Picks) | 41.75 | +1.32 | 639,782 |
| Fiserv (FISV Quote - Cramer on FISV - Stock Picks) | 45.75 | +1.01 | 346,600 |
| Oracle (ORCL Quote - Cramer on ORCL - Stock Picks) | 15.03 | +0.05 | 254,036 |
| Microsoft ( MSFT Quote - Cramer on MSFT - Stock Picks) | 54.75 | +0.06 | 253,345 |
| Cisco Systems (CSCO Quote - Cramer on CSCO - Stock Picks) | 15.69 | -0.12 | 203,539 |
| I2 Technologies ( ITWO Quote - Cramer on ITWO - Stock Picks) | 14.50 | -- | 155,225 |
| Intel ( INTC Quote - Cramer on INTC - Stock Picks) | 26.31 | -- | 146,523 |
| Dell Computer ( DELL Quote - Cramer on DELL - Stock Picks) | 26.00 | -0.31 | 140,920 |
| Nasdaq 100 (QQQ Quote - Cramer on QQQ - Stock Picks) | 39.28 | +0.13 | 130,319 |
| Broadcom (BRCM Quote - Cramer on BRCM - Stock Picks) | 28.91 | +0.01 | 125,100 |
 |
This information is provided by Instinet, a wholly owned subsidiary of Reuters (RTRSY Quote - Cramer on RTRSY - Stock Picks). For further information, please contact Instinet at
www.instinet.com. | 10 most active stocks on Island ECN (8:00 p.m. EDT) |
| Company | Price | Change | Session Volume |
| Nasdaq 100 (QQQ Quote - Cramer on QQQ - Stock Picks) | 39.28 | n.a. | 142,568 |
| Fiserv (FISV Quote - Cramer on FISV - Stock Picks) | 46.25 | +1.51 | 125,014 |
| Palm (PALM Quote - Cramer on PALM - Stock Picks) | 8.41 | +0.003 | 112,019 |
| Ariba (ARBA Quote - Cramer on ARBA - Stock Picks) | 7.75 | -0.16 | 105,360 |
| Cisco Systems ( CSCO Quote - Cramer on CSCO - Stock Picks) | 15.75 | -0.06 | 100,965 |
| Concord EFS ( CEFT Quote - Cramer on CEFT - Stock Picks) | 42.25 | +1.18 | 91,062 |
| Ciena (CIEN Quote - Cramer on CIEN - Stock Picks) | 42.25 | +0.50 | 86,881 |
| Oracle (ORCL Quote - Cramer on ORCL - Stock Picks) | 15.03 | +0.05 | 74,201 |
| S&P Composite Index (SPY Quote - Cramer on SPY - Stock Picks) | 116.75 | n.a. | 50,358 |
| JSD Uniphase (JDSU Quote - Cramer on JDSU - Stock Picks) | 18.40 | -0.04 | 47,715 |
|
Island ECN offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EST. Confused? TheStreet.com
explains how the rules change when the sun goes down in
Investing Basics: Night Owl, a section devoted to after-hours trading.
Yi Ping Ho
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