Cisco, Juniper Networks, Skyworks Solutions Beating the Dow on Monday

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

The Dow Jones Industrial Average (DJINDICES: ^DJI  )  had fallen 25 points early in trading on Monday. A few tech companies, however, were putting up notable performances. Dow component Cisco (NASDAQ: CSCO  ) was outperforming its index, while shares of both Juniper Networks (NYSE: JNPR  ) and Skyworks Solutions (NASDAQ: SWKS  ) were up on the session.

Markets steady on lack of economic releases
The Dow Jones' modest move on Monday could be due to the paucity of economic releases. There was little economic data in the U.S., giving traders nothing to which they can react. The federal budget balance will be released at 2 p.m. EST, giving investors a look at the U,S, government's finances. While the report could move the markets, the budget balance isn't generally regarded as a major economic indicator.

Cisco gets Barron's boost
Even the Dow drifted lower, component Cisco was having one of its best sessions in weeks. Shares of the networking giant rose more than 1.6% early on Monday, following an article in Barron's published over the weekend. The influential investment publication was positive on Cisco, arguing that shares could rally back as much as 20% in the coming year.

Barron's believes Cisco is an "opportunity for bargain hunters" and that its networking gear could see greater demand than anticipated.

Juniper Networks rises on activist interest
Juniper Networks shares were up 8% in late morning. The move in Juniper Networks follows Elliot Management's decision to become an activist investor in the company.

Elliot Management believes that its plan for Juniper could have the stock rallying sharply higher in the coming quarters -- Elliot believes Juniper could be worth as much as $35-40 per share. Even with Monday's rally, Juniper Networks shares are only trading near $25; if Elliot Management is correct, Juniper Networks could have a huge upside.

Skyworks Solutions surges after upgrades
Shares of tech company Skyworks Solutions rose more than 4% following an analyst upgrade.

B. Riley upgraded shares of Skyworks Solutions from neutral to buy. B. Riley believes Skywork Solutions is attractively valued at current levels and that the company is a great way to invest in Chinese smartphone growth. The firm raised its price target on Skyworks Solutions from $28 to $35; shares are currently trading near $29.

Get our top stock pick for 2014
There's a huge difference between a good stock, and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

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

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.

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: 2793020, ~/Articles/ArticleHandler.aspx, 8/31/2015 11:24:56 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...

Sam Mattera

Sam has a love of all things finance. He writes about tech stocks and consumer goods.

Today's Market

updated Moments ago Sponsored by:
DOW 16,503.41 -139.60 -0.84%
S&P 500 1,973.29 -15.58 -0.78%
NASD 4,791.29 -37.03 -0.77%

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

8/31/2015 11:09 AM
^DJI $16505.15 Down -137.86 -0.83%
CSCO $25.79 Down -0.22 -0.83%
Cisco Systems CAPS Rating: ****
JNPR $25.68 Down -0.30 -1.15%
Juniper Networks,… CAPS Rating: **
SWKS $87.94 Down -0.68 -0.77%
Skyworks Solutions CAPS Rating: ****