The National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange has launched a new internet only index, the NASDAQ Internet Index.
The new index will track the performance of internet companies across the full spectrum of online activities, including ecommerce companies, ISP’s, search engines, web hosting and web design firms. The index will benchmark the performance of companies in the sector, giving a quick representation of where stocks including Yahoo and Google are heading.
The index itself does demonstrate the growing maturity and importance of the internet in the financial world, but having said that the NASDAQ also has indexes for a variety of market segments, including a Computer Index, a Technology Sector Index, an Ex-Tech Sector Index and indexes for countries including China and Israel; if anything the move is probably not before time. The NASDAQ also didn’t detail the makeup of the index in their release, but it wouldn’t be hard to guess that Google will be the 1000 pound Gorilla on the index and that if Google sneezes, the index is sure to plummet.
It’ll be interesting to see what other internet juggernauts make up this list – along with who makes up the bottom tier as well. Should be fun to keep an eye on though. Thanks.
Brett
http://www.startupstudents.com
Does this mean that “Internet Biz” is considered real biz by those people in executive chair now?
a handy tool to monitor the great fall next year!
Wow. It’s a long time coming though, the internet is too big to NOT consider as a market sector.
Nasdaq’s ex-tech index:
————————————-
Activision, Inc., Amazon.com, Inc., Amgen Inc.,Amylin Pharmaceuticals, Inc.,Apollo Group, Inc., Bed Bath & Beyond Inc., Biogen Idec Inc, C.H. Robinson Worldwide, Inc., Celgene Corporation, Cephalon, Inc., Check Free Corporation, Cintas Corporation, Comcast Corporation, Costco Wholesale Corporation, DENTSPLY International Inc.,Discovery Holding Co, eBay Inc., EchoStar Communications Corporation, Electronic Arts Inc., Expedia, Inc.,Expeditors International of Washington, Inc., Express Scripts, Inc., Fastenal Company, Fiserv, Inc., Flextronics International Ltd.,Foster Wheeler Ltd.,Garmin Ltd.,Genzyme Corporation,Gilead Sciences, Inc.,IAC/InterActiveCorp,Intuitive Surgical, Inc.,Joy Global Inc.,Lamar Advertising Company,Level 3 Communications, Inc.,Liberty Global, Inc.,Liberty Media Corporation,Millicom International Cellular S.A.,Monster Worldwide, Inc.,NII Holdings, Inc.,PACCAR Inc.,Patterson Companies Inc.,Patterson-UTI Energy, Inc.,Paychex, Inc.,PETsMART, Inc.,Ross Stores, Inc.,Ryanair Holdings plc,Sears Holdings Corporation,Sepracor Inc.,Sigma-Aldrich Corporation,Sirius Satellite Radio Inc.,Staples, Inc.,Starbucks Corporation,Teva Pharmaceutical Industries Limited,UAL Corporation,Vertex Pharmaceuticals Incorporated,Virgin Media Inc.,Whole Foods Market, Inc.,Wynn Resorts, Limited,XM Satellite Radio Holdings Inc.
Nasdaq’s tech sector index:
————————————-
Adobe Systems Incorporated,Akamai Technologies, Inc.,Altera Corporation
Apple Inc.,Applied Materials, Inc.,Autodesk, Inc.,BEA Systems, Inc.,Broadcom Corporation,Cadence Design Systems, Inc.,Check Point Software Technologies Ltd.,Cisco Systems, Inc.,Citrix Systems, Inc.,Cognizant Technology Solutions Corporation,Dell Inc.,Google Inc.,Infosys Technologies Limited,Intel Corporation,Intuit Inc.,Juniper Networks, Inc.,KLA-Tencor Corporation,Lam Research Corporation,Linear Technology Corporation,LM Ericsson Telephone Company,Logitech International S.A.,Marvell Technology Group, Ltd.,Microchip Technology Incorporated,Microsoft Corporation
Network Appliance, Inc.,NVIDIA Corporation,Oracle Corporation
QUALCOMM Incorporated,Research in Motion Limited,SanDisk Corporation
Sun Microsystems, Inc.,Symantec Corporation,Tellabs, Inc.,VeriSign, Inc.
Xilinx, Inc.,Yahoo! Inc.
Thanks Amit. I think it’s safe to say a few of those will make the index. Amazon, eBay and Akamai to name a few.
this’ll be an interesting watch, it’s been long overdue for this index
This is going to be an even greater bubble than the last one because it will have so many real companies on which to build!
Very good idea, but MSNStockWatcher will be even better!
Look for it!
http://fakestev...er.blogspot.com
Good news, the internets (QNET) is currently 2.18% more valuable than it was yesterday.
This should get us one step closer to Bubble 2.0
wonder if i can do put my 401K into the Internet index!!
Let’s hope this index will be keep rising in our century
I’m long on QNET
Just what we need, another index.
“..but it wouldn’t be hard to guess that Google will be the 1000 pound Gorilla on the index and that if Google sneezes, the index is sure to plummet.”
Which is prolly the sole driver behind creating this index. Wallstreet understads that most people can;’t afford more than a few shares of Goog and this index should provide a more affordable alternative to the masses.
This worries me. As if the web industry wasn’t fickle enough.
I think that most penny stocks are scams. When trading penny stocks, it’s important to realize that most are worthless. It doesn’t mean you cannot make money.
You have to go into them realizing they are not investments and you have to sell when you realize the profit you want, because if you don’t, you will be left with nothing.
I normally visit this Site: http://www.sure...pennystocks.com to research. It’s a decent resource.
I know that in penny stocks, they move with good news, chatter online, and when price and volume breakout occurs, you hop in. When the momoentum slows down – GET OUT! Take your profits and limit your losses, that’s the way to make money with them