My 5 Hot Tech Picks: Fund Manager

The technology sector has soared since the March lows, so does it have more room to run? Jeff Donlon, senior analyst with the 5-star Manning & Napier Pro Blend Max Fund said there are some names that may be poised to continue rising despite the industry’s already impressive climb.

Hot Tech Stocks
Hot Tech Stocks   

“There are a lot of reasons to like the technology sector,” Donlon told CNBC. “[They have] very strong balance sheets, great job at cost cutting, very attractive on a free cash flow yield basis, beneficiary of the weak dollar, and inventory levels are still very lean.” (Read below for his full stock picks.)

CNBC Data Pages:

Going forward, Donlon said tech investors will have to be more discretionary in terms of stocks they’re involved in.

“We look for companies with long-term secular growth drivers that are gaining market shares in their industries, are building sustainable competitive advantages and barriers to entries within their businesses, as well as well-positioned to take advantage of stronger relative growth overseas in terms of emerging markets.”

More Market Intelligence:

Donlon Likes:



Crown Castle

American Tower

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Donlon’s firm owns shares of EMC, ADSK, CCI, AMT and SBAC.