AFRICANEWSWIRE.NET (May, 02 2012) George Leong, contributor to Profit Confidential, reports that tp://www.profitconfidential.com/technology-stocks/">technology stocks had earnings growth of 16.8% in the fourth quarter. Leong believes that, while growth in the first quarter is not expected to be as high, the sector will be a top pick for an investment opportunity.
“I continue to firmly feel that technology stocks will be the place to be as the best investment opportunity for growth investors going forward,” says Leong.
In the Profit Confidential article, Apple & Technology Stocks Looking Like Great Investment Opportunities, Leong states his belief that technology stocks have largely delivered on expectations.
“Apple still has some shine as an investment opportunity,” says Leong. “I don’t believe Apple will become a trillion-dollar company anytime soon, as some of the more optimistic investors believe, but I do think Apple will rule the tech space.”
Leong notes that Yahoo! Inc. managed to beat on revenues and earnings per share and there is speculation that it could be a potential takeover target.
Leong also looks at several other high-tech names. “International Business Machines Corporation fell short on revenues, but beat on EPS along with raising its annual EPS outlook,” says Leong, “while Intel Corporation beat on revenues and EPS.”
“Google Inc. beat on its Q1 EPS, but came up in-line on revenues,” says Leong. “Google also announced a two-for-one stock split, which could jump start the stock.”
Leong believes that the area that will offer the best investment opportunity is that of mobility applications for tablets and smartphones, as users shift away from the more cumbersome personal computers and laptops.
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