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Shares of electronics distributors Avnet (AVT) and Arrow (ARW) are trading sharply higher following bullish comments on the stocks this morning by Stifel Nicolas analyst Matthew Sheerin.
FORBES: Arrow, Avnet Rally; Stifel Turns Bullish On Distributors
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The former CEO of Arrow Electronics (nyse: ARW - news - people ), a distributor of computer products, Kaufman now teaches innovation courses at Harvard's Business School with Forbes.com columnist Clayton Christensen.
FORBES: The $100 Computer
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Among the largest underlying components of FXL, in trading today Western Digital Corp. ( NASD: WDC) is off about 1.9%, Avnet Inc ( NYSE: AVT) is down about 2.1%, and Arrow Electronics, Inc. ( NYSE: ARW) is lower by about 2.2%.
FORBES: First Trust Technology AlphaDEX Fund Experiences Big Outflow