5 Tech Stock Picks from Top Analysts
Technology stocks were mostly higher on Monday with the Nasdaq outperforming the broader indexes. Rob Enderle, principal analyst at Enderle Group, and Brian Marshall, senior analyst at Broadpoint AmTech, shared their sector insights and stock picks.
“Right now, the consumer is feeling good about things,” Enderle told CNBC. “As the consumer gets more comfortable, they spend more money and as long as that trend continues to improve, we’re in good shape.”
Enderle said Research in Motion has been doing very well as it continues to focus on the business side with a consumer spin. In contrast, Apple is still mostly for consumers and picked up a little bit of corporate business on the side, he said.
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In the meantime, Marshall said he expects the iPhone maker to continue performing well.
“We still think there’s upside left… Apple’s going to have a great quarter,” he said. “Historically, December’s been one of the strongest periods for Apple and this year won’t be any different, driven by the ramp-up of China for the iPhone as well as the enterprise…We think it’s going to be a great next three months for Apple.”
No immediate information was available for Enderle or Marshall.