Why Tech Works

 | Jan 21, 2014 | 2:06 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

vz

,

intc

,

gild

,

biib

Tech keeps working. It is working because people are recognizing that the PC isn't over and that you aren't as leveraged to the consumer with tech as you would be with so many of the housing-related plays or with retail in general.

People are also recognizing that Europe is a big buyer of tech and it hasn't slowed.

Most importantly, the Verizon (VZ) news of increased capex fits entirely with the rebirth of telco equipment spending.

Please do not forget how far behind tech is from the market itself, even after this very big move. The Nasdaq's outperformance isn't just biotech this year, although two of my four horsemen of the Big Pharma Apocalypse that I write about in "Get Rich Carefully," Gilead (GILD) and Biogen Idec (BIIB), remain huge outperformers.

The only fly in the ointment is Intel (INTC) and I remain a believer that this year, with its now-very-lowered expectations, is going to prove rewarding for the long-suffering shareholders.

Columnist Conversations

GS has cleared the important hurdle on the way up which increases the odds for an eventual rally towards the 1...
A good quarterly report has sent shares of Calamos Asset Management (CLMS) sharply higher. CLMS was up about ...
Electronics distributor Ingram Micro (IM) reported better than 16% growth in its Q3 sending the stock up about...
Market posting decent day considering Ebola getting headlines again. Believe investors have learned not to pa...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.