BOSTON (TheStreet) -- Goldman Sachs' (GS) top technology-stock picks for this year include ever-popular performers such as Apple (AAPL), maker of the iPad and iPhone, to companies only known within their industries, such as chip-equipment manufacturer Teradyne (TER).
The New York-based investment bank gives price targets and the premiums they represent to their closing price as of Dec. 29, 2010. Each company gets a "buy" rating on Goldman Sachs' so-called Conviction Buy List. On the list are eight technology stocks.
Technology stocks are off to a roaring start this year as the prospects of an economic rebound fuel hopes that businesses and consumers will spend big. The chip sector has rebounded strongly after a prolonged recession, and the question is now whether that can be sustained.
Semiconductor stocks, as tracked by Morningstar, are up 5.4% this year, while semiconductor-equipment and materials shares are up 8.1%, and communications-equipment stocks are up an average of 11%. The S&P 500 Index has gained 3.2% so far in 2011.Below are the stocks, in order, of Goldman Sachs' projected share-price return potential, ranked from least to most.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV