NEW YORK ( TheStreet) -- Amazon (AMZN - Get Report), Apple (AAPL - Get Report) and Oracle (ORCL - Get Report) should offer investors some relief from the gathering economic gloom over the next few months, say analysts, pointing to the companies' downturn-busting credentials.
Weak consumer spending, a stateside debt crisis and European economic jitters have certainly taken their toll on tech stocks, pushing the Nasdaq down more than 5% this year. Experts, however, expect great things from Amazon, Apple and Oracle during the final quarter of 2011.
A tight spending climate, for example, plays neatly to Amazon's strengths, while Apple will be basking in the warm glow from its latest, greatest iPhone, not to mention its rapidly growing presence in China.Oracle, on the other hand, is a past master at dodging economic bullets, a useful skill in this environment. "They have survived many times before," notes Richard Davis, an analyst at Canaccord Genuity. "I think that they are in a better position
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts