NEW YORK (
TheStreet) -- From
(AAPL - Get Report) to
(INTC), Silicon Valley has painted a picture of
currency losses and an
economic slowdown this earnings season.
The Nasdaq has gained just 0.4% in the past month, although Topeka Captal Markets analyst Brian White sees Apple, EMC (EMC - Get Report), VMware (VMW - Get Report) and F5 Networks (FFIV - Get Report) as the stocks most capable of shining through the gloom.
"We expect the macro environment to remain challenging," he said in a note, but cited the mobile Internet, cloud computing and storage/big data as offering salvation to investors. "Companies that are heavily exposed to these key trends will be able to outgrow tech in total."
Big data refers to the management of vast quantities of unstructured data. Examples include email messages, PowerPoint presentations, audio, video and social media information.Still, though, there are undoubtedly clouds gathering over the tech sector. Texas Instruments (TXN) CFO Kevin March, for example, recently said that the economy, both globally and domestically, is growing at a slower pace. March acknowledged the European headwinds identified by other tech heavyweights such as Intel, as well as a slight slowdown in China, but warned investors not to panic. Nonetheless, Topeka's White expects good things from Apple, EMC, VMware and F5 Networks. Read on for more details on why these stocks are poised to outperform: