Tech May Take the Mantle

Watch the group and be ready for your favorites.
Stocks quotes in this article: INTC, STX, WDC, NXPI, AAPL, YELP, HPQ, TCS, M, BBBY, FIVE

Technology wants to run here. You can tell.

Intel's (INTC) up ahead of its quarter next week. Seagate (STX) and Western Digital (WDC) and NXP Semi (NXPI) keep going higher, Apple's (AAPL) not coming in after its amazing run yesterday. Even Yelp's (YELP) going higher and we know that the more-highly-valued social, mobile and cloud entities haven't done anything in ages.

Plus, is there a day that Hewlett-Packard (HPQ) doesn't go higher?

This is the group that might have to take the mantle next. The retailers have done about all they can to keep moving this market higher, especially after The Container Store (TCS), Macy's (M), Bed Bath (BBBY) and Five Below (FIVE) let people down.

Tech isn't perceived as something that can be hurt by lower oil, which is what we are getting. And much of tech, with the exception of the highly-valued cloud plays, is simply inexpensive

I would watch this group and be ready with your favorites. 

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TAGS: Investing | U.S. Equity | Technology | Stocks

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