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Four 'Attractive' Tech Stocks

Andrew Fisher
Friday, 8 Aug 2008 | 10:16 AM ET

Kevin Cronin thinks technology is the way to play the current feeble market environment.

"Our view is that the market has some upside potential to it, but we're not all that optimistic," Putnam's head of investments told CNBC. "We think that economic growth continues to deteriorate, both here in the U.S. and globally."

So how to maximize the upside potential, in the face of slowing growth?

Recommendations:

"The tech sector and the utility sector have been two of the more defensive sectors over the course of the last year," he said. "We do find some attractive names in there, like Microsoft, EMC, Adobe."

He has another pick -- but he's not sure it fits completely into technology:

"We debate whether Apple is a consumer company or a tech company, but we like Apple as well," he said.

CNBC Edge
Pre-conditions for a new bull market may be in place, with John Merrill, Tanglewood Capital Management founder & CIO and Kevin Cronin, Putnam head of investments.

Disclosures:

Disclosure information for Kevin Cronin was not immediately available.

Disclaimer

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ADBE
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EMC
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MSFT
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AAPL
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