• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Technology

Strong Netflix Report 'Suggests' Buying in Other Big Tech Names

The big change in the stock market Tuesday is leadership, but a strong close is still needed.
By JAMES "REV SHARK" DEPORRE
Apr 17, 2018 | 10:58 AM EDT
Stocks quotes in this article: NFLX, FB, TWTR, ANET, GS, CASA, BZUN, PAGS, RYAM

The strong earnings report from Netflix (NFLX) is helping to create some sympathy buying in big-cap technology names. Facebook (FB) etc. are running up on strong buying and other names such as Twitter (TWTR) and Arista Networks (ANET) are coming back from recent struggles.

Goldman Sachs (GS) is unable to gain traction on its report but financials are acting better and that is helping to keep the S&P 500 at the highs.

The big change today is in leadership. The price action is quite different when we have big liquid names that are leading. Recently, the indices have been gaining but there hasn't been any real leadership to attract sustained interest. That has changed Tuesday and creates a much better tone to the trading.

I still don't see a lot of great chart setups on my radar but some that are looking much better today are Casa Systems (CASA) , Baozun (BZUN) , PagSeguro Digital (PAGS) and Rayonier Advanced Materials (RYAM) .

What the market needs now, to really change the character of the action, is a strong close. We have had pretty consistent weakness in the last hour of trading lately and that needs to change for the price action to further confirm that we are in an uptrend.

Facebook and Goldman Sachs are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB and GS? Learn more now.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Rev Shark was long CASA, BZUN, PAGS and RYAM.

Action Alerts PLUS, which Cramer manages as a charitable trust, is long UNH and GS.

TAGS: Investing | U.S. Equity | Technology | Earnings | Markets | How-to | Stocks

More from Technology

SoFi Technologies Is Primed for a Rebound

Bruce Kamich
May 16, 2022 8:50 AM EDT

Here's where the shares may be headed next.

A 'Mag'nificent Way to Play an AdTech Rebound

Bret Jensen
May 15, 2022 9:15 PM EDT

Similar to biotech, the small adtech space has been hammered in recent quarters and has likely hit oversold territory.

SOS! General Apple, General Microsoft Are Under Fire!

Ed Ponsi
May 13, 2022 10:30 AM EDT

In a blow to the bulls, AAPL and MSFT surrender to the inevitable, as Chief Powell aims a bazooka at inflation.

Micron Technology Could Sink Even Further in the Weeks Ahead

Bruce Kamich
May 13, 2022 10:00 AM EDT

Here's what has us worried -- and how low the stock could go.

It's OK to Track ARKK for Bottom Clues, but Don't Go Down With the Ship

Bob Byrne
May 13, 2022 8:30 AM EDT

Cathie Wood's ARK Innovation ETF and its constituent stocks bounced on Thursday, though they collectively remain deep in bear market territory.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 07:14 PM EDT PAUL PRICE

    A New, Very Scary Movie

  • 08:51 AM EDT PAUL PRICE

    Advice From the Future...

  • 12:20 PM EDT PAUL PRICE

    A Blast From the Past Regarding Bitcoin

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login