An Old-Economy Giant Has 3 High-Tech Nasdaq Stocks Soaring Wednesday
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been a leader over the past year, but more recently, the popular stock index has gone through a slowdown. As some investors start to question whether stock valuations are getting ahead of themselves, the high-growth stocks within the Nasdaq are logical choices for short-term-minded traders to think about taking profits regardless of their long-term prospects. That's a big part of why the Nasdaq was up only slightly as of 11:30 a.m. EDT today, even as the rest of the market saw gains of as much as 1%.
But not all of the Nasdaq was stuck in the doldrums. One particular area saw substantial gains, with several big-name Nasdaq stocks rising on news that pointed to positive fundamental prospects for their respective businesses. In fact, it was an announcement from one non-Nasdaq manufacturing giant that helped spur further gains for these three tech companies.
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Source Fool.com
