This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top 3 Back-to-School Tech Stocks

This story has been updated with additional information from the National Retail Federation.

NEW YORK ( TheStreet) -- With parents and students opening up their wallets before schools and colleges open their doors for the new semester, investors should keep a close eye on tech companies Apple (AAPL - Get Report), Amazon (AMZN - Get Report) and eBay (EBAY - Get Report), which are poised to ride the massive back-to-school spending wave.

While Silicon Valley has recently felt the strain of cautious enterprise spending, consumers can pick up some of the slack this time of year. According to the National Retail Federation, combined K-12 and college spending is expected to reach a combined $83.8 billion in 2012, up from $68.8 billion in 2011.

The high growth in spending could be due to record levels of elementary and middle school enrollment, the National Retail Federation said.

For Apple, this back-to-school season means tapping the phenomenal popularity of its gadgets amongst both schools and students, while online retailers Amazon and eBay are looking to grab fresh e-commerce dollars.

"I think both Amazon and eBay are very nicely positioned for back to school," noted Sandeep Aggarwal, Internet analyst at research firm Digital Route, in an email to TheStreet. "Both are riding the e-commerce adoption and, in [the] case of eBay, sizable investments in mobile and traction for Paypal are providing further tailwind."

From backpacks to books, online shoppers are expected to spend significantly more than traditional shoppers before colleges and schools reopen, according to The National Retail Federation. Consumers using the Internet for their purchases are estimated to spend an average of $874 on back-to-school supplies, 27% more than the overall shopper average.

Read on for more details on why Apple, Amazon and eBay are top back-to-school tech stocks:
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $125.69 -0.25%
AMZN $436.72 0.16%
EBAY $61.98 0.36%
FB $87.22 -0.38%
GOOG $525.02 0.41%

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs