CNBC Stock Blog

ABOUT THE CNBC STOCK BLOG

The CNBC Stock Blog is a cross-section of expert opinions and insights from our TV and Web site coverage. This blog includes posts written by and about top analysts and strategists, super-investors and CNBC's own market mavens. You'll find stock picks, news about publicly-traded companies, commodities, hot sectors, ETFs and the latest options action.

STOCKS

» More

MARKET MOVERS

» More

ART CASHIN

Art Cashin on the Markets
Art Cashin, Director of Floor Operations at UBS, shares his analysis and pulse of the market with CNBC viewers.

RSS FEED

» Help

Subscribe to this RSS feed
Stay up to date with the CNBC Stock Blog.

CNBC EXPLAINS

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

Published: Friday, 23 Oct 2009 | 1:48 PM ET

Text Size

By: JeeYeon Park
CNBC.com Writer

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 [INTC Loading... () ], it was a mixed bag but Microsoft [MSFT Loading... () ] numbers looked very decent,” Morgan told CNBC.

“Apple is 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 [AAPL Loading... () ], Google [GOOG Loading... () ], Amazon.com [AMZN Loading... () ], eBay [EBAY Loading... () ], Yahoo [YHOO Loading... () ].