Wednesday, March 23, 2011

Techs Jabil (JBL) ( AOL) (DELL) (HPQ) (JDSU) Jump on Otherwise Down Day

Shares of technology stocks Jabil (NYSE:JBL), AOL Inc. (NYSE:AOL), Dell Inc. (NASDAQ:DELL), Hewlett-Packard Co. (NYSE:HPQ) and JDS Uniphase Corp. (NASDAQ:JDSU) are all trading up today, even though the overall sector has been under pressure.

Jabil (JBL) soared over 11% after the electronics contract manufacturer gave an upbeat second-quarter report and third-quarter forecast.

AOL Inc. (AOL) climbed 3.3% after UBS (NYSE:UBS) analyst Bryan Pitz raised his rating on the stock to buy from neutral.

Other gains came from Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) and JDS Uniphase Corp. (JDSU).

However, the Nasdaq Composite Index (COMP) fell 18 points to 2,665, and the Philadelphia Semiconductor Index (SOX) was also in the red.

Much of the performance was blamed on negative broad-market reaction to the rising price of oil, which reached the $105-a-barrel range, and a big decline in U.S. new-home sales in February.




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