With concerns over recession, turmoil in the financial sector, fear of rising rates, high market volatility and a rising aversion to risk, many investors have been avoiding technology stocks.
Investors have feared that these economic headwinds will dampen both consumer spending for technology products and reduced capital expenditures for technology in the corporate sector.
Despite these concerns, some of the newsletter industry's leading advisors are looking beyond the current malaise and seeing longer-term value in some of the tech sector's leading players. They believe that much of the "bad news" is already reflected in the price of the shares, with little recognition being given to their longer-term potential.
For those willing to go against the crowd and buy, as they say, "while blood is running in the street," we offer a six-pack of technology stocks that the some top advisors considers to be among their favorite ideas.
Nikhil Hutheesing, editor of The Forbes Wireless Stock Watch has turned bullish on Altera Corporation (NASDAQ: ALTR), noting, "As wireless networks evolve from the old analog systems to the 3G networks in place today and 4G networks coming soon, demand for Altera's products should rise as well."
Read the full article on Altera.
Tech guru Paul McWilliams, editor of Next Inning, thinks Wall Street is missing the boat with its negative assessment of chip maker Analog Devices, Inc. (NYSE: ADI). Rather, he sees a company that has sold off lower profit businesses and is now poised for improving performance.
Read the full article on Analog Devices.
Glenn Rogers, contributing editor to The Internet Wealth Builder, considers Broadcom Corporation (NASDAQ: BRCM) a "good choice for investors who would like to add to their information technology position with shares of a first-class company."
Read the full article on Broadcom.
Richard Moroney, editor of Dow Theory Forecasts, believes International Business Machines Corp. (NYSE: IBM) is shifting from being a "slow growing, stodgy company" to one now showing "strong operating momentum, despite US economic weakness."
Read the full article on IBM.
Ron Rowland and Brandon Clay, editors with All Star Investor, consider NVIDIA Corporation (NASDAQ: NVDA) a "classic turnaround." The graphics chip maker, they note, has been beaten down and is now a "prudent buy."
Read the full article on NVIDIA.
Leo Fascciocco, editor of the Ticker Tape Digest, anticipates a "big jump" in quarterly for Oracle Corporation (NASDAQ: ORCL). Citing a technical breakout for the stock, he recommends purchase for those with a 6 month time horizon.
Read the full article on Oracle.
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
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Reader Comments (Page 1 of 1)
8-29-2008 @ 1:07AM
Mike Sanders said...
I'm not sure that tech will make the cut, this time around... The smart money is occilating between the financials and the materials (mining, fertilizer and oil). I see a moderate upside to the mats, a little better when the money comes home to roost, in the financials and tech will underperform, in my opinion.
8-29-2008 @ 9:58AM
charles nickerson said...
It depends how the race goes.