Ron Burgundy Posted April 11, 2014 Share Posted April 11, 2014 Intel, Oracle, Microsoft and Cisco, known as the four horsemen during the late 1990s technology boom due to their strong performance and leading market share, have all rallied since the beginning of March even as many other tech companies' stocks have been crushed. These legacy tech names have emerged as an alternative for those who want exposure to the sector, but are spooked by the slump in high-growth stocks like Netflix. "They have high cash levels, nice profit margins, and when the economy returns, their cyclicality will be a positive," Robert Stimpson, portfolio manager at Oak Associates Ltd in Akron, Ohio. The First Trust Dow Jones Internet ETF has seen outflows of $43.86 million since the beginning of March, while the First Trust Nasdaq 100 Technology fund - which counts Facebook as a holding but holds few other "momentum" names - has seen inflows of $9.4 million over that same period, according to data from ETF.com. View the full article Quote Link to comment Share on other sites More sharing options...
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