Tech's Top Movers

The Nasdaq 100, a tech-heavy index, finished last week up 0.42% to close at 1,932.43. Investors appeared noncommittal amid uncertainty over the economic consequences of a contentious health-care bill that yesterday passed in a close vote in the U.S. House of Representatives.

Pops and drops
Here's a closer look at the index's top movers, both to the upside and downside. Returns are calculated from the Nasdaq 100's closing price on Friday, March 12.

Last week's winners:

Company

Percentage Gain

CAPS Stars
(out of 5)

Cintas (Nasdaq: CTAS  )

5.47%

****

CH Robinson Worldwide (CHRW)

5.07%

***

Flextronics International (Nasdaq: FLEX  )

4.87%

****

Celgene (Nasdaq: CELG  )

4.81%

****

eBay (Nasdaq: EBAY  )

4.71%

***

Sources: Capital IQ, Motley Fool CAPS.

Last week's losers:

Company

Percentage Loss

CAPS Stars
(out of 5)

SanDisk (Nasdaq: SNDK  )

(4.58%)

***

Joy Global (Nasdaq: JOYG  )

(4.30%)

****

DIRECTV (Nasdaq: DTV  )

(4.16%)

***

Virgin Media (VMED)

(3.78%)

*

Research In Motion

(3.62%)

**

Sources: Capital IQ, Motley Fool CAPS, Yahoo! Finance.

A weekly tour of tech
The week's top stock, Cintas, a Motley Fool Inside Value pick and a supplier of corporate uniforms and related equipment, last week reported slightly better-than-expected earnings last week.

But the news is actually better than that. Revenue declined 5.1% during the company's fiscal third quarter, a vast improvement over the 10.2% decline Cintas suffered in Q2. Meanwhile, the balance sheet has improved nicely thanks to healthy free cash flow -- more than $350 million worth over the past nine months.

Contract manufacturer Flextronics -- a potential millionaire-maker penny stock a year ago -- rallied without reporting any major news, but it's up again today, maybe on hopes that a broad recovery in goods manufacturing bodes well for the business.

The New York Federal Reserve's manufacturing survey showed the new order index jumped 10.5 points in the region, rising to the index's highest level since October of last year, RTT News reports. Good news like this is bound to move the depressed shares of Flextronics, which traded for just more than 15 times this fiscal year's projected earnings as of this writing.

Finally, the week's top loser, SanDisk, wasn't much of an offender. If anything, the lack of news explaining the week's downturn suggests that investors decided to take some profits after seeing shares of the flash memory maker hit new highs the week prior.

What do you have to say about these stocks? Other tech issues? Log into Motley Fool CAPS today and let your voice be heard. You can also weigh in using the comments box below.

Cintas and eBay are Stock Advisor selections. Motley Fool Options has recommended a bull call spread position on eBay. Try any of our Foolish newsletter services free for 30 days.

Fool contributor Tim Beyers is also a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is a mover. And a shaker.


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