CUBE is now a member of TSC's "red hot index" - via HLIT - oh, joy:
Is TheStreet.com Red Hot index an index fund or a stock?
The Red Hot index tracks the performance of a group of stocks selected by trader and TSC columnist and co-founder James J. Cramer. He first unveiled the idea in a column in August 1999, and it garnered so much reader response that he decided to create an index using these particularly volatile stocks as a measure of the market's temperament and so-called hot money. The Red Hot index is neither a mutual fund nor a stock.
How is the Red Hot index different from TheStreet.com Internet Sector index, TheStreet.com E-Finance index and/or TheStreet.com E-Commerce index?
The Red Hot index is an index expressly created and tracked by Cramer and his colleagues at Cramer Berkowitz. It does not currently have a ticker symbol, so its daily quote is not yet available. However, this link provides a convenient place to check all of the components' daily performance on one screen.
What is an index?
Similar to the S&P 500, the Dow Jones Industrial Average or the Russell 2000, the Red Hot index measures the average performance of a group of stocks. This index tracks the value of a certain basket of stocks, which are subject to change as Cramer -- and TSC readers -- deem necessary to reflect the nature of the market.
Do any mutual funds or options track the Red Hot index?
No index funds or options currently track this index.
What companies make up the Red Hot index?
The Red Hot index is an equal-weighted measure of these 20 stocks:
Ariba (ARBA:Nasdaq)
Broadcom (BRCM:Nasdaq)
Brocade (BRCD:Nasdaq)
Copper Mountain Networks (CMTN:Nasdaq)
Conexant (CNXT:Nasdaq)
Exodus (EXDS:Nasdaq)
Extreme Networks (EXTR:Nasdaq)
Foundry Networks (FDRY:Nasdaq)
Harmonic (HLIT:Nasdaq)
Internet Capital Group (ICGE:Nasdaq)
JDS Uniphase (JDSU:Nasdaq)
Juniper Networks (JNPR:Nasdaq)
Phone.com (PHCM:Nasdaq)
PMC-Sierra (PMCS:Nasdaq)
Qualcomm (QCOM:Nasdaq)
QLogic (QLGC:Nasdaq)
Red Hat (RHAT:Nasdaq)
Redback Networks (RBAK:Nasdaq)
Sycamore Networks (SCMR:Nasdaq)
VeriSign (VRSN:Nasdaq)
The index was originally created with 18 companies, but its fans demanded more. So Cramer, with assistance from his colleague Matt Jacobs, polled readers to see which two companies should be added to the index. As a result, Internet Capital Group and Harmonic were added to the Red Hots after the market closed Sept. 2, 1999.
Then, on Oct. 7, 1999, Foundry Networks replaced Net2Phone (NTOP:Nasdaq) in the Red Hots after another vote by TSC readers. Also, as Cramer promised, Sycamore Networks was added to the index after the close Oct. 28, replacing Gadzoox Networks (ZOOX:Nasdaq).
This list of companies is subject to change at any time.
Does TheStreet.com recommend that I invest in the companies that make up the Red Hot index?
TheStreet.com does not make investment recommendations of any kind. Additionally, the 20 companies that make up the Red Hot index are not necessarily better than companies that weren't included.
Performance of the Red Hot index is intended to reflect market volatility, and, as in many other sectors of the market, investing can pose substantial risks. |
