Tuesday, August 29, 2006
Sector Spotlight: Networkers
Since CSCO posted good quarterly earnings, the networking sector, slowly but surely, has been trending up. Last year, I bought this sector at the bottom and made a killing when it caught fire. Stocks like JDSU, CNXT, FNSR and BWNG all topped out, after going .com crazy to the upside, in late March of '06.
Since then, the sector has been under assault, falling more than 30% from its highs. However, with a good set of numbers from CSCO and AKAM coupled with positive comments from FNSR, EQIX, and AVNX, maybe the sector is set to run again.
Maybe.
My favorites are: EQIX, TLAB, FNSR and AKAM.
The following networking stocks are showing some mojo today:
TERNE +4.3%
AIRT +3.6%
XXIA +3.3%
DVW +2%
FDRY +2%
NOTE: Oil & Natty are getting crushed today, due to the absense of Tropical Storm activity in the Gulf of Mexico. Let's face it: nobody knows when or where a hurricane is going to hit. To invest in lieu of a potential hurricane knocking supply offline is insane. I like the sector on a pullback and probably will not buy any energy stocks, until new Tropical Storm activity is confirmed or geo-political events cause a stir.
Since then, the sector has been under assault, falling more than 30% from its highs. However, with a good set of numbers from CSCO and AKAM coupled with positive comments from FNSR, EQIX, and AVNX, maybe the sector is set to run again.
Maybe.
My favorites are: EQIX, TLAB, FNSR and AKAM.
The following networking stocks are showing some mojo today:
TERNE +4.3%
AIRT +3.6%
XXIA +3.3%
DVW +2%
FDRY +2%
NOTE: Oil & Natty are getting crushed today, due to the absense of Tropical Storm activity in the Gulf of Mexico. Let's face it: nobody knows when or where a hurricane is going to hit. To invest in lieu of a potential hurricane knocking supply offline is insane. I like the sector on a pullback and probably will not buy any energy stocks, until new Tropical Storm activity is confirmed or geo-political events cause a stir.
