Internet stocks were trading higher at midday Thursday as investors were applauding deals and rewarding several companies for better-than-expected earnings.
Southern California Real Estate Bubble Crash Blog » Blog Archive ::
Once upon a time an investor could only get stock quotes in the newspaper at the end of the day or call up a broker and get a quote. The investor would have
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At 11:30 a.m. Eastern, internet.com's Internet Stock Index had climbed 14.31, or 1.55 percent, to 936.64, the Nasdaq Composite was up 47.40 to 4,410.64 and the Dow Jones industrial average had risen 30.17 to 10,729.33.
The Hindu Business Line : Sensex up 81 on Budget eve; but market ::
FII buying. Foreign investors continued to pump in funds into the domestic equity markets. In February alone, net FII purchases stood at over $1.6 billion,
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Morningstar: Investors Can Be Their Own Worst Enemy | Stock Strategist::
as a fellow prone to mood swings, from wildly optimistic to irrationally . When this is followed by a reversion to the mean, new investors get burned.
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Leading the upward charge was Network Solutions Inc. (NSOL). Shares were up 36-3/8 to 292-3/8 after the domain registrar reported a fourth-quarter profit of 25 cents a share. That beat forecasts by 2 cents.
Online auctioneer Ubid Inc. (UBID) had gained 3-1/16 to 29-3/4 on news that it was being acquired by CMGI Inc. (CMGI) for $407 million in stock. CMGI shares were down 4-15/16 to 115-9/16.
Tumbleweed Communications Corp. (TMWD) had jumped 13 to 81. The provider of e-mail solutions for electronic commerce companies got a boost from U.S. Bancorp Piper Jaffray's Hany Nada who initiated coverage Thursday with a "strong buy."
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The news may keep potential customers from buying the new iPhone and may .. Get a Quote 'Autopilot' portfolio: 10 stocks for long-term investors
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Thomson Financial Europe AM at a glance share guide: Stocks, oil ::
LONDON (Thomson Financial) - US SUMMARY: Stocks up on strong earnings, benign US economic data released this week contributed to investors' buying mood.
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Cybershop.com Inc. (CYSP) had jumped 1-7/16 to 6-5/8. The online department store Thursday announced plans to shutter its retail operations to raise money for a new Internet incubator to be launched soon.
AppNet Inc. (APNT) had jumped 7 to 58-3/8. The Internet consulting firm Thursday reported several large contract wins and said demand is growing for its Web consulting services.
On the downside, FreeShop.com Inc. (FSHP) had fallen 3-3/16 to 38-1/4. The Internet marketer filed this week to sell an additional 3 million shares and reported a wider fourth-quarter loss.
Go.com Inc. (GO), Walt Disney's Internet unit, was off 3/4 to 27-1/4. The unit reported wider fiscal first-quarter losses due to increased spending on its online catalog business and amortization costs.
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Investors Get in Buying Mood, Driving Up Net Stocks