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Tech Stocks: 5 'Outperform' Picks from a Senior Analyst

Tech giants Amazon.com, Microsoft, Google, Yahoo and Apple reported earnings in the last week, each posting stronger than expected results. Does this signal the beginning of a recovery—and will tech stocks continue to rise?

Gene Munster, senior research analyst at Piper Jaffray, and Dan Morgan, portfolio manager at Synovus Securities, shared their insights.

“We had a mixed bag [of earnings]—If you look at Intel , it was a mixed bag but Microsoft numbers looked very decent,” Morgan told CNBC.

“Appleis mostly on the consumer side and they had a good showing. If we peel away some of the different segments in these earnings report, you’d have to come to the conclusion that we did have some reasonable strength on the enterprise.”

In the meantime, Munster said Amazon.com’s positive earnings report is only the beginning of what will be a continued upward climb for the online retailer.

CNBC Data Pages:

“There’s still fundamental upside to the numbers,” he said of the firm.

“Despite challenges, Amazon is the 800-pound gorilla within e-commerce—and e-commerce is such a big market. ...This holiday’s going to be even more powerful for Amazon and I wouldn’t be anything but positive going into this period.”

“About 6 percent of the things we buy in the U.S. is online, that could be 30 percent in the next five to 10 years and Amazon is running away with this—they’re unstoppable…I think the multiple is going to stay the same and earnings are going to keep climbing.”

Munster's Recommendations:

Munster has an “outperform” rating on Apple , Google , Amazon.com , eBay , Yahoo .

More Market Intelligence:

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CNBC Slideshows:

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Disclosures:

Morgan and his firm owns shares of Apple, but does not own shares of Yahoo or Google.

Morgan’s firm also owns shares of Intel and IBM.

Munster’s firm makes a market in the securities of Yahoo, Apple, Amazon, Ebay and Google.

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