Welcome to Week 25 of the Big Idea Portfolio. Once more I'm in the lead, thanks to some modest rallying for all but Riverbed Technology
|S&P 500 SPDR||$126.50**||$133.46||5.50%|
Source: Yahoo! Finance.
* Tracking began at market close on Jan. 6, 2012.
** Adjusted for dividends and other returns of capital.
The week that was
After two weeks of rallying, most of the major indexes fell over the past five trading days. Only the small-cap Russell 2000 gained, up 0.3% over the past five days. The Dow Jones Dow Jones Industrial Average led the laggards with a 0.8% decline while the S&P 500 fell 0.7%. Tech stocks performed about in line as the Nasdaq closed off 0.1%, according to data published by The Wall Street Journal.
Expect more volatility this week. The Supreme Court is days away from ruling on the legality of Patient Protection and Affordable Care Act, commonly known as Obamacare. Intuitive Surgical
Tech poppers and floppers
Most of Silicon Valley's top stocks volleyed back and forth over the past week. Count Facebook
In mobile news, the Research In Motion
How will RIM answer? We got a taste this morning with a weekend report in the U.K.'s Sunday Times that says management is thinking about breaking apart and then selling the handset and BlackBerry messaging units separately to unlock value for shareholders. Analysts don't seem to care; Morgan Stanley cut its rating on the stock to "Underweight" and set a price target of $7. Shares of Research In Motion closed at $9.86 apiece on Friday.
Finally, while there doesn't appear to be any particular news that drove losses at Riverbed, a growing number of Fools now see value in the name. Foolish colleagues Rich Smith and Rich Duprey have both made outperform CAPScalls on the stock, citing an attractive valuation and strong competitive positioning, among other things. Mr. Market has yet to pick up on what we see.
Which tech stocks do you like now and over the next three years? Please weigh in using the comments box below.
See you back here over the weekend for more tech-stock talk. And remember to check out the Fool's latest special report -- "The 3 Dow Stocks Dividend Investors Need" -- and add the Big Idea portfolio stocks to your Foolish Watchlist for ongoing, up-to-the-minute coverage. Both the report and the Watchlist are 100% free to Fools:
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Apple, Google, Rackspace Hosting, Riverbed Technology, and Salesforce.com at the time of publication. Check out Tim's web home, portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
The Motley Fool owns shares of Apple, Facebook, Google, Intuitive Surgical, Microsoft, Riverbed Technology, and salesforce.com. Motley Fool newsletter services have recommended buying shares of Riverbed Technology, Rackspace Hosting, Apple, Google, salesforce.com, Intuitive Surgical, and Microsoft, creating bull call spread positions in Apple and Microsoft, creating a bear put spread position in salesforce.com, and creating a synthetic long position in Riverbed Technology. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.