AUSTIN, Texas (TheStreet) -- I know, Greece is threatening to default on their debt and leave the European Union. Spain's unemployment rate is nearing 25% and its banks are in bad need of a bailout of some sort. The euro is hitting a new low against the dollar almost daily.
While Europe burns, here in the U.S. we reported a jobs number last week that was dreadful. The markets are now testing their 200-day moving averages, while the bond market roars and interest rates are printing historic lows.
Today, I am going to talk about my favorite technology stock. Yes, really! No, it is not Facebook (FB). I wrote about Facebook in a May 23 article when I said "Wait Until Next Year." No, I am not crazy either. While I remain very cautious on the market right now, I still continue to find attractive individual opportunities, even in the tech sector!
The stock I am going to write about today is best suited for aggressive to moderate growth portfolios. Before I get to my pick, let me explain a little bit about how I evaluate stocks.I publish a weekly newsletter along with doing a daily radio show on the market. In addition to this, I have been a professional money manager for the last 18 years. I publish my aggressive model portfolio every week for all to see. As of Friday, my aggressive portfolio was up 8.3%, while the S & P 500 is up 1.8% year-to-date. My aggressive portfolio currently has 25 positions in it, and it is fully invested. I currently have two hedges in the portfolio. They are inverse exchange traded funds on Europe and the Emerging Markets. I wrote about them last week in an article called "New Stock, ETF Leaders to Weather Europe's Storms". I added one more inverse position on China this past week to the portfolio. I have nailed some big winners like Apple (AAPL), +181%, Dollar Tree (DLTR), +145%, Priceline (PCLN), +95.7%, Alexion Pharmaceutical (ALXN), +64%, AutoZone (AZO), + 61%, Nu Skin (NUS), +48%, etc. in this portfolio over the last year. You can view a complete list of the portfolio and its history at my Best Stocks Now newsletter page.
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