According to the latest KPMG survey, technology-firm CEOs are feeling bullish about the economy and tech spending. So how do investors trade the news? Mark Stahlman, partner at TMT Strategies, and Brad Gastwirth, executive managing director at ABR Investment Strategy, discussed their best plays.
“We’re going to have much stronger results in the second half than anyone’s expecting,” Stahlman told CNBC.
Stahlman said he favors companies such as Yahoo , Amazon.com , VMWare and Cisco that play off of cloud computing and international growth.
“In addition to the four names, the big ones are going to do very well,” he continued.
“We’re going to have better than expected results from IBM , which is highly leveraged to infrastructure in the developing world; and Microsoft is also going to do much better than people expect.”
“And also, Intel told us that they are going to double their top and bottomline growth in the next few years—and I believe they can,” he added.
The 'Secular Winners'
In the meantime, Gastwirth said he is focusing on the “secular winners.”
“We like Apple . And Akamai is a derivative off of Apple which is also going to do well,” he said. “And Atheros is an interesting name—they’re a play on Wifi.”
______________________________
Scorecards—What He Said:
- Stahlman's Previous Appearance on CNBC (June 1, 2010)
______________________________
More Tech Opinions & Insights:
- 3 Sectors Will Ride Market Rebound: Strategist
- Cramer: A ‘Golden Opportunity’ to Buy Tech?
- Ear To The Wall: What’s Wrong With Tech
______________________________
CNBC Data Pages:
______________________________
CNBC Slideshows:
______________________________
______________________________
Disclosures:
Stahlman does not own shares of AMZN, CSCO, VMW or AMZN.
No immediate information was available for Gastwirth or his firm. ______________________________
