Two Ways: All Eyes on Tech
Strengthen your portfolio in good times and bad.
Big Beta Comeback?
Technology stocks could be among the first to roar back when the market turns. So says Robert Sharps, a portfolio manager for institutional clients at T.Rowe Price. In a story in Businessweek, Sharps touts the attractiveness of the sector, saying many Big Beta companies have abundant cash and high-free cash-flow yields.
These stocks don't always outperform coming out of a downturn, he says, but when they do, it's by a wide margin. See Toddo on TV: Get Ready for a Monster Move in the Market.
From the Bull Pen: The tech stock to consider is IBM (IBM). Have a look at the daily chart. Bulls can set an initial position here with a sell stop below $90.
From the Bear Cave: Not all tech is created equal. Bears can look to Nokia (NOK) for a downside play. One can consider downside entry if and when it approaches $15.
Quick Check Around the World
Asian trading closed with the Hang Seng 3.61%, Nikkei 1.60%, Sensex 2.31%, Taiwan 2.48% and Shanghai 3.97%.
Glancing towards Europe, we see the CAC 0.34%, DAX 0.79%, FTSE 0.56%
As of 8:05 a.m. EST, S&P futures are trading +1 to 840.00, and Nasdaq futures are +3 to 1237.00.
A Look At Commodities
Crude oil is trading -1.28 to 39.89. Gold is +4.60 to 918.80. Silver is +0.22 to 12.970, and copper +7.40 to 157.40.
The dollar index is +0.0850 to 86.4450.
On the Radar
08:30 Change in Nonfarm Payrolls
08:30 Unemployment Rate
08:30 Change in Manufacturing Payrolls
08:30 Average Hourly Earnings MoM
09:45 Average Hourly Earnings YoY
10:00 Average Weekly Hours 33.3
Happy Friday! Good luck and have a great weekend!
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