This Day On The Street
Continue to site
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 Tech Stocks for 2013

NEW YORK ( TheStreet) -- Weighed down by uncertainty in Europe, fears about the fiscal cliff and weakness in the PC market, this has hardly been a stellar earnings season in Silicon Valley, although Amazon (AMZN - Get Report), Qualcomm (QCOM - Get Report) and EMC (EMC - Get Report) could offer bruised investors something to cheer about in 2013.

"It's not very bright for tech overall, because there's a strong anticipation of a continued downturn in Europe and a prolonged fear of a fiscal cliff," said Jeff Sica, founder and chief investment officer of Sica Wealth Management.

From online retail to smartphone components and storage, though, there are opportunities for investors. Set against this backdrop, Amazon, Qualcomm and EMC all well positioned for the coming year.

"Amazon is so far ahead of its [online retail] competitors," said Sica, who has also been won over by Qualcomm's status as a trailblazer in the LTE space.

In storage, EMC looks set to continue its market dominance, according to Daniel Ives, an analyst at FBR Capital Markets. "EMC, I think, is one of the better secular themes in tech, if you look at big data, next-gen storage, as well as their ownership of VMware (VMW) on the virtualization side," he told TheStreet.

Apple (AAPL - Get Report), of course, still has plenty of fans, despite the recent sell-off in the iPhone maker's stock.

"I don't see how you can go wrong with Apple," said Brian White, an analyst at Topeka Capital Markets, in an interview "It's amazing, this Apple correction -- I think it's driven by the market."

"Apple, at the moment, is under a lot of pressure," added Shaw Wu, an analyst at Sterne Agee, who cites the tech giant as a top pick for 2013. "[But] it doesn't seem to be so fundamental driven -- it seems to be driven by other things, like the fiscal cliff."

There's no doubt that Apple will be in the spotlight next year. Investors, though, should also pay close attention to Amazon, Qualcomm and EMC:
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.41 0.56%
AMZN $678.40 -0.09%
EMC $25.44 -0.12%
GOOG $748.23 -1.00%
QCOM $49.00 -0.83%


Chart of I:DJI
DOW 17,815.93 +3.74 0.02%
S&P 500 2,089.09 -0.05 -0.00%
NASDAQ 5,108.22 +5.4120 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs