Maybe they’re still basking in the afterglow of this week’s great Cisco ($CSCO) report. Or maybe the new IT Upgrade Cycle as Cost-Cutting theme is the real deal. For whatever reason, techs have held up extremely well during this week’s market tumult.
Here’s a look at the top up stocks on the Nazz by volume right now (12:15) …this is happening with the Dow firmly under 10k and materials still behind the woodshed.
(Data source: MarketWatch)
Nasdaq Most Active by Price Up
|Symbol||Company||Last||Chng.||% Chng.||Volume||$ Traded|
|CSCO||Cisco Systems Inc||23.4699||+0.3099||+1.34%||40,101,398||941,175,801|
|ETFC||E*Trade Financial Corp||1.465||+0.015||+1.03%||22,881,734||33,521,740|
|AMAT||Applied Materials Inc||12.01||+0.21||+1.78%||17,958,872||215,686,053|
Nice to see a little bit of decoupling this afternoon. Not all stocks should be hit equally each time the market gets the jitters. Have a great weekend, guys.