Staying Skeptical on Tech

 | Nov 26, 2012 | 4:09 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

FB

,

aapl

,

amzn

,

crm

,

intc

,

csco

,

hpq

,

dell

Tech is talking. I can't believe this group is able to rally without a single good story, except Apple (AAPL) or maybe Amazon (AMZN).

But hope springs eternal, and it is coming from the new dot-coms. Facebook (FB) is roaring again, this time because of a terrific upgrade from Bernstein, which told you when to sell it, when to hold it and when to buy it, in virtuoso form.

Bottom-fishers are out in full force, with Intel (INTC), Hewlett-Packard (HPQ), Cisco Systems (CSCO) and Dell (DELL) managing to tack on some gains.

And Salesforce.com (CRM) won't quit.

I am deeply suspicious of this group. Of all these stocks, only Facebook might actually be able to beat its numbers. There is no positive momentum for disk drives, software and hardware, while mobile is wildly competitive.

To me, the group is just giving you one more opportunity to sell. Don't be greedy. 

Columnist Conversations

Reports on Tuesday. I am getting a little concerned on how the 2015 guidance will come in.
JCP
Soz doing some more good stuff on retail today-- I loved the JCP piece.. Remember you can follow a writer now ...
Despite a big upgrade from Credit Suisse(from Neutral to Outperform)FDX is relatively flat today. The st...
The Market Vectors Gold Miners ETF (GDX) chart continues to exhibit characteristics of a classic cup-and-handl...

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.