Technology stocks have underperformed since the fourth quarter and tech is where investors should be putting their money, said Mike Holland, chairman of Holland & Company.
“Their prices are down and yet earnings have exceeded expectations,” Holland told CNBC.
“They’re one of the few parts of the U.S. market where you can expect some continued growth—maybe even double digits for some of the names.”
Holland said he sees further growth potential for companies large market-cap technology companies:
“Everything goes down when the dollar goes up, and when that happens, tech stocks go down and even Asian stocks go down,” he noted.
“When that happens, I look for the Asian ETFs or IBM, Intel, Google, Microsoft when they get pounded in a market decline.”
- Watch Holland's Previous Appearance on CNBC (Feb. 16, 2010)
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No immediate information was available for Holland or his firm.