NEW YORK (TheStreet) -- Tech specialists and top industry representatives are convening in Las Vegas this week to take part in the 2012 International Consumer Electronics Show.
While always a popular event for consumers looking to find out what their favorite tech companies have been up to, this tradeshow also provides investors with important information regarding the state of the sector and global consumer.
Aside from flashy product unveils, a number of top industry executives are slated to share their takes on the industry. On Monday evening, Microsoft (MSFT) CEO Steve Ballmer took center stage to give the preshow keynote address, followed by top officials from companies such as Qualcomm (QCOM), Intel (INTC) and Ford (F).
With ample exposure to many of the names highlighted above, broad-based tech ETFs like the PowerShares QQQ Portfolio (QQQ) and iShares Dow Jones U.S. Technology Sector Index Fund (IWM) will be interesting to watch as the CES keeps the tech sector in focus this week. Although it is famous for its consistent absence from the convention, even Apple (AAPL) tends to get a great deal of coverage over the course of the festivities.The cloud, personal gadgets, and other burgeoning corners of the tech landscape are expected to draw big crowds this year. This fanfare will help to thrust companies like Google (GOOG), Amazon (AMZN) and Cisco (CSCO) into the spotlight. ETF investors can turn to niche-focused tech funds like the First Trust Dow Jones Internet Index Fund (FDN) and First Trust ISE Cloud Computing Index Fund (SKYY) to gain access to these names. It may not be the first fund that comes to mind, but the Emerging Global Consumer ETF (ECON) is another product that aggressive ETF investors may want to keep an eye on in the days ahead. 3D TVs, smartphones, and ultrabooks may draw the biggest crowds in Las Vegas. However, in their plans for the future, companies are increasingly turning their collective attentions towards products designed for the blossoming emerging markets. According to industry analysts, tech spending is forecasted to breach the $1 trillion mark for the first time in 2012. The increasing purchasing power of consumers in the developing world will be essential to achieving this goal. According to a report from AFP, this demographic is expected to account for 46% of tech sales this year. This is up significantly from years previous. At the same time that emerging nations are gaining ground, the developed world is seeing its lead erode. Long term, one researcher forecasts that global tech spending from the developed world is on track to dip below 50%.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $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
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV