The traders are keeping an eye on tech stocks with the Consumer Electronics Show now underway in Las Vegas. What's hot?
According to early reports, 3D-TV is all the rage. Sony, Panasonic , LG Electronics and Samsung are all generating a lot of buzz in this area.
"3D is a big deal .... Every major TV manufacturer is putting on a 3D push," says Jason Oxman, a spokesman for CEA.
He compared the pace of adoption of 3D TV to that of high-definition TV, which can now be found in half of all homes in the United States, according to Forrester Research.
Meanwhile, another big theme of CES is wireless. And it stems a wide range of gadgets from e-readers to small personal computers – and of course new smartphones.
In fact, the line between computers and cell phones is expected to blur ultimately leading to a light thin gadget -- think of it as a computer for your pocket. And that kind of development may force companies like BlackBerry maker RIM to one day duke it out with the likes of IBM or Hewlett Packard.
And on the component front, ARM-based chips from Qualcomm and Nvidia are getting a lot of attention. Such chips are based on technology licensed by ARM Holdings.
These chips are the nerve center of netbooks and if consumers warm to these devices, they would represent a threat to the Intel-Microsoft dominance of the PC market.
With so many developments ahead, what’s the tech trade?
Morgan Keegan analyst Tavis McCourt says to keep an eye on Motortola . "They are going to launch two new phones this week; one on Verizon and another Android on AT&T. And more broadly they will likely launch 10 to 12 more phones this year."
And from a technical perspective, "Motorola shares have underperformed recently so in the near term I think Motorola is a pretty decent trade," McCourt says.
It looks to me like resistance in MOT is $8 and if it breaks above that, I’m bullish too, adds Tim Seymour.
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