Blue chips may be black and blue, but Tim Bajarin of Creative Strategies sees potential in the tech sector.
“Technology is not going away, it’s only going to have a stronger position in the market over time.”
One pick is Apple because, he said, the company’s market share has doubled over the last 24 to 36 months.
“While some of their products are perceived as being a bit too pricey,” Bajarin said, “the reality is they are starting to gain more and more consumer interest. We still think Apple right now is priced pretty low. We think it has the potential of growing.”
Bajarin also likes Dell, which he said is looking pretty solid: “They have very exciting new products they just introduced.”
His final pick is Hewlett-Packard.