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), Qualcomm ( QCOM) and EMC ( EMC) 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), 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:

If you liked this article you might like

Fed Decision, Mexico Earthquake - 5 Things You Must Know Before the Market Opens

Best Buy CEO -- We, Together With Amazon, Will 'Kill' the Competition

Toys 'R' Us Bankruptcy Filing a Reminder That Amazon Is Crushing Everyone

How Long Can This Rally Run?: Cramer's 'Mad Money' Recap (Monday 9/19/17)

Centene: Cramer's Top Takeaways