Filed under: Earnings reports, Google (GOOG), Apple Inc (AAPL), Dell (DELL), Recession, NASDAQ

Some investors thought that tech shares would fall apart like financial and transportation stocks have. One by-product of the recession would be a slowing of consumer and business purchases of PCs and enterprise equipment like routers. Internet businesses would suffer from a drop in online ads.

It may be that things are not working out that way. The Nasdaq jumped almost 5% over the last month.

As The Wall Street Journal writes (subscription required), Dell Inc. (NYSE: DELL) jumped late in the week on better-than-expected earnings. The largest of the internet companies, Google Inc. (NASDAQ: GOOG), rocketed after good earnings and has kept most of those share price gains. Consumer electronics bellwether Apple Inc. (NASDAQ: AAPL) has kept moving higher as investors expect a new iPhone and Macs continue to sell well.

Overall, the market may continue to fall. Certainly most companies still run great risks with higher inflation and slowing GDP. Tech seems to have dodged those bullets.

Douglas A. McIntyre is an editor at 247wallst.com and author of the Tens Stocks Under $10 Newsletter.

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This entry was posted on Sunday, June 1st, 2008 at 1:21 am and is filed under Stocks News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.