Innovation Update

No Anxiety for Tech, Biotech

Stock quotes in this article: AMGN , IMCL , GENZ , INTC , YHOO , EBAY , ERTS , RIMM  

Retailers tend to outperform the market in the first two months of the year, he writes. In particular, consumer electronics companies are the best performing group post-holiday, after faring the worst during the holiday season. Hickey notes that Best Buy(BBY Quote), Circuit City(CC Quote) and RadioShack(RSH Quote) finished the year at oversold levels amid negative sentiment. "The opportunity exists for at least a short-term rally in these names," he writes.

Outside of such pockets of opportunity, however, the market remains overbought, and traders are unsure what to expect from the economy, the Fed and corporate earnings. With December's payrolls on tap Friday morning, it seems like a setup for a letdown -- or at least more volatility.
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In keeping with TSC's editorial policy, Rappaport doesn't own or short individual stocks. She also doesn't invest in hedge funds or other private investment partnerships. She appreciates your feedback. Click here to send her an email.

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