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• Why are Internet stocks slowing?

  Posted Jul 18 2008, 08:36 AM by Todd Harrison
  Filed under: Google, Internet, Cisco, oil, economy, Earnings, todd harrison
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  I spent the weekend with some of the smartest techies on the planet, guys and gals from all over the world: They drank the Kool-Aid a long time ago. By the time I got back to New York I was ready to get with it and stop living in the Stone Age (I still don’t even have a Facebook page). But if the Internet has so much growth potential and will eventually displace everything including television, then why are the stocks associated with the information highway system limping along at a snail’s pace or have curled up like armadillos? Internet stocks haven’t been world beaters for a long time and right now the Internet Holders is at a 52-week double bottom and vulnerable to the four year low of 44.   Read More...

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• Hot money: Going from oil to tech?

  Posted Dec 05 2007, 03:45 PM by Charley Blaine
  Filed under: Investing, Google, Apple, Internet, oil
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  It looks to me like the hot money has started to flee crude oil. And the winners from that retreat look like Apple and Google.

  Crude peaked on Nov. 21 at an intraday high of $99.29 a barrel -- a day that saw the Dow Jones industrials fall 211 points. It dropped to $86.95 in electronic trading Wednesday night. (Check out this chart of crude oil.) And this despite OPEC's decision to hold its production quotas at current levels at a meeting in Abu Dhabi.

  Tech stocks started to move almost as soon as crude peaked and have been among the strongest market sectors in the last few weeks.

  Since Nov. 21, the U.S. Oil Fund, the exchange-traded fund that invests in crude oil, has fallen nearly 12%, while Apple is up 10%. Google is up nearly 6%. The Morgan Stanley High-Technology 35 Index is up nealry 5%.   Read More...

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