Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



3 Tech Stocks Crushing the Dow

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

While the Dow Jones Industrial Average (DJINDICES: ^DJI  ) was tumbling in early trading Tuesday, shedding more than 40 points as of 11:30 a.m. EST, three stocks were notching notable gains. Dow component Cisco Systems (NASDAQ: CSCO  ) was up more than than 1%, while hard-drive maker Seagate (NASDAQ: STX  ) added nearly 3%. iRobot (NASDAQ: IRBT  ) , which had enjoyed a solid gain yesterday, surged 20% higher on Tuesday.

Inflation stays muted
Data released early on Tuesday showed that inflation in the U.S. economy was largely subdued. Core consumer price index on a month-to-month basis rose more than expected, but only slightly -- increasing 0.20% where economists had anticipated a gain of 0.1%. However, on a year-over-year basis, core CPI came in line with expectations at 1.7%, while noncore measures of inflation (which include food and fuel) were reported lower than expected.

With inflation limited, the Federal Reserve may be more likely to continue stimulating the economy, which should be positive for the markets. Yet that didn't appear to be the case on Tuesday; investors may have been looking ahead to tomorrow, when the Fed will reveal its decision on interest rates.

Cisco announces new product
Cisco announced a new product this morning -- a Cisco Desktop as a Service solution. Using the cloud-based product, Cisco's customers can get access to a virtual desktop on a subscription basis. 

That announcement may not have been important to enough to move Cisco shares, though new products could help. Investors may have been reacting more to an upgrade from Standard & Poor's. Analysts boosted Cisco credit rating to AA- from A+. That type of upgrade generally doesn't carry as much weight as a buy recommendation from a major bank, but it does suggest that S&P believes Cisco's financial situation is improving.

Seagate gets upgraded
Seagate did benefit from a recommendation from a major bank -- analysts at JPMorgan Chase upgraded the data storage specialist from underweight to neutral. JPMorgan doesn't believe investors should run out and buy Seagate shares, but the bank no longer sees doom and gloom for the company. In fact, JPMorgan has turned much more positive on the hard-drive market in general, upgrading Seagate's main competitor, Western Digital, to buy.

Previously, JPMorgan had believed flash-based memory would largely overtake traditional hard drives in PCs, but that transition does not seem to be going as quickly as the bank anticipated.

iRobot surges on buy recommendation
We're only two days in, but so far this has been a great week for iRobot shareholders. Yesterday, shares benefited from Google's purchase of Boston Dynamics, a robotics company. Today, they're surging in the wake of Raymond James' strong buy recommendation and $39 price target.

iRobot is largely known for its household robots, most notably its Roomba autonomous vacuum. Raymond James believes the newest model will meaningfully boost sales in 2014, while iRobot's mopping robot will enter new markets.

Our top stock pick for 2014
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2767939, ~/Articles/ArticleHandler.aspx, 10/1/2016 5:13:00 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 7 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 5:01 PM
^DJI $18308.15 Up +164.70 +0.91%
CSCO $31.72 Up +0.33 +1.05%
Cisco Systems CAPS Rating: ****
IRBT $43.98 Up +0.14 +0.32%
iRobot CAPS Rating: *****
STX $38.55 Up +0.76 +2.01%
Seagate Technology CAPS Rating: ****
GOOGL $804.06 Up +1.42 +0.18%
Alphabet (A shares… CAPS Rating: *****
JPM $66.59 Up +0.94 +1.43%
JPMorgan Chase CAPS Rating: ****
WDC $58.47 Up +0.20 +0.34%
Western Digital CAPS Rating: ***