GO
Loading...

Enter multiple symbols separated by commas

Two Big-Name Tech Stocks to Own

While overall stock valuations aren’t much more attractive than bonds, some areas like technology are appealing, Rob Morgan, president of Dearden, Maguire, Weaver and Barrett, said on CNBC Tuesday.

Earnings estimates are going up in technology and that trend should continue, with a lower dollar favoring large-cap stocks compared to small-cap stocks, Morgan told “Worldwide Exchange.”

Cisco Systems is “really well positioned to take advantage of the migration going on in the telecom sector,” he said.

And Hewlett-Packard is becoming more a growth company than a cost-cutting company, Morgan said.

In addition to tech, materials and energy companies will see an earnings boost due to the falling dollar and the re-emergence of emerging market economies, he noted.

Disclaimer: Morgan does not own Cisco Systems or HP and does not having an investment banking relationship with either company.

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Squawk Alley