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Strategist Sticks with Tech Picks

Peter Misek, a global technology strategist at Canaccord Adams is bullish on tech stocks. He says “tech -- both in growth and earnings are going to look pretty good. We particularly like the multi-nationals.”

Recommendations:

IBM -– “Companies view it as a cost saving tool… [IBM’s] growth has been very strong – well over 30%. We expect that they had a great quarter, and we’re going to expect to see that strength over the next several quarters.”

Microsoft -– “We like it because we no longer believe they are going to buy all of Yahoo… You’ll be buying a company worth 10 times next year’s earnings.”

Research in Motion -- While Apple’s new iPhone 3G is already facing activation issues from customers, RIMM’s products with “more battery efficiency, bandwidth, efficiency and pricing will be much more attractive to consumers.”

Disclosure:

Misek does not own shares in any of the companies mentioned above.

Disclaimer

Symbol
Price
 
Change
%Change
IBM
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MSFT
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BB
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