Lehman Sparks Financial Stocks Last Week, Tech Stocks this Week
After Lehman Brothers affirmed their strong financial position last week, financial stocks including Bear Stearns rallied and the move upward for the financial sector continued today.
Today, Lehman upgraded a basket of semiconductor manufacturers sparking the tech stocks on the Nasdaq market. Among the strongest performers were several analog chip makers following upgrades from Lehman analyst Romit Shah. Microsemi Corp., Intersil, Fairchild Semiconductor International and Analog Devices Inc. were upgraded to “Overweight” from “Equal Weight”.
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