During an appearance on the Fox Business Channel‘s Varney & Co. on Thursday, host Stuart Varney asked me point blank if I was worried about what’s ahead for tech stocks.
You can certainly understand why he’d ask such a question. The health of the U.S. economy continues to be a real worry for many and the growing political mess we know as Washington can only make matters worse.
Against that troubling backdrop the tech-focused Nasdaq Composite Index is up 31% so far this year and 207% from its financial crisis lows of March 2009 – returns that handily trump the respective 22% and 142% gains of the record-setting Dow Jones Industrial Average.
Whispers of “another tech bubble” and “another dot-bomb implosion” have been getting louder, and the excellent and the always-probing Varney wanted to know if I was worried – or perhaps even bearish.
Let me say to you what I said to the Fox viewers.
If you’re running away from the technology sector right now, you’re making the biggest mistake of your investment career.
And in today’s Strategic Tech Investor, I’m going to show you why…
We know the drill: U.S. retailers count on the holiday shopping season for as much as 20% to 40% of their total sales for the year.
And we know that this year won’t be any different.
What we don’t know is how much American consumers are going to spend: Will this season go like gangbusters, or will it just be a bust?
The National Retail Federation (NRF) is expecting a gangbusters holiday season, having just forecasted a record $602 billion in sales, a healthy 3.9% jump from 2012.
But the respected Gallup polling group is expecting a bust, saying that U.S. consumers expect to spend an average $704 each, or about 10% less than during the Christmas season a year ago.
Investors often handicap the major retailers, trying to guess which one will get the biggest share of the holiday shopping bucks.
We’re not going to waste our time with that futile exercise.
You see, we know that the holiday season is also a big time of the year for gadget sales: American consumers are only too happy to drop small fortunes on computers, smartphones and the other consumer-electronic gadgets that are the tangible results of this country’s dominant high-tech sector.
We can predict who those winners will be, and can identify the stocks we believe will zoom as a result.
Today, I’m going out on a limb once again to predict that the tech sector will have a great Christmas overall. And I’ve identified four market leaders who should do well for investors this holiday season.
And in today’s Strategic Tech Investor, we’re going to tell you just who those winners will be …