Stocks Moving to Defensive Areas like Energy and Old Tech at Midday




TheStreet TV show

Summary: Stocks are running to defensive sectors as global tensions heat up. Ben Willis of Princeton Securities points out that the energy sector is an easy play as deals continue to happen in the group. Willis also pointed out that while the New York Stock Exchange volume is down 25%, the NASDAQ volume is only down 4%. He said this is mostly because the money is flowing into old school tech names like chip makers. So, even though it looks like tech is doing well, it is more of a defensive move. Stocks keep see sawing throughout the morning between negative and positive territory.