CNBC Stock Blog
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Option Bulls Take Another Shot on Idenix
- Top 20 European Stocks for Crisis Time: Strategist
- Hewlett-Packard Faces a ‘Dogfight’ for Talent: Analyst
- DuckDuckGo Cooks Google’s Goose: Analyst
- General Electric’s $4.5 Billion Dividend Slated for Buybacks
ABOUT THE CNBC STOCK BLOG
ART CASHIN
RSS FEED
Your Best Tech Stock Plays: Strategists
Text Size 
CNBC.com Writer
Technology stocks have surpassed the broader market in the first half of the year, and many experts say the sector will help lead the U.S. out of recession.
David Lutz, managing director at Stifel Nicolaus Capital Markets, and Jim Iuorio, director at TJM Institutional Services, gave their take on the best tech-sector investments now. (See their recommendations, below.)
“Tech has inventory control in place,” Lutz told CNBC. “They’ve got cost-management in place and right now, that business is growing. We’re not seeing a lot of sectors in the market that are organically growing their business—they’re beating on cost cutting. Tech seems to be organically growing right now.”
Iuorio agreed and said “nothing looks more promising than tech.”
Lutz Likes:
Marvell Technology [MRVL
Loading...
()
]—“They develop integrated circuits and they recently picked up their first design win at Seagate [STX
Loading...
()
],” Lutz said of the company. “This win is specifically in the server market, but we think this is eventually going to trickle into desktop and notebooks.”
Iuorio Likes:
Salesforce.com [CRM
Loading...
()
]—“They compete with Oracle [ORCL
Loading...
()
]—they are a provider of software and service to manage the whole sales process. The difference is that they’ve branched off into cloud computing," he said. "This company has explosive revenue growth and earnings growth,” he said.
Disclosure:
Lutz has investment banking clients who own shares of Marvell Tech.
No immediate information was available for Iuorio or his firm.
______________________________
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes
