another ugly day for tech stocks, there are some tentative signs of life.
A handful of analysts are talking up some tech names, saying they've been punished enough and may actually have some upside potential. However, futures are dancing back and forth around fair value, so the so the opening of the stock market seems uncertain so far.
Among those in the research spotlight is Broadcom (BRCM), a chipmaker that was upgraded by Morgan Stanley to a Strong Buy. Bank of America reiterated its Strong Buy on Broadvision (BVSN), maker of e-commerce transaction software. ADC Telecommunications (ADC), a maker of high-speed telecommunications equipment, beat earnings estimates by a penny and was talked up by several analysts.
Have a nice trading week.
A handful of analysts are talking up some tech names, saying they've been punished enough and may actually have some upside potential. However, futures are dancing back and forth around fair value, so the so the opening of the stock market seems uncertain so far.
Among those in the research spotlight is Broadcom (BRCM), a chipmaker that was upgraded by Morgan Stanley to a Strong Buy. Bank of America reiterated its Strong Buy on Broadvision (BVSN), maker of e-commerce transaction software. ADC Telecommunications (ADC), a maker of high-speed telecommunications equipment, beat earnings estimates by a penny and was talked up by several analysts.
Have a nice trading week.
