Hi-Tech stocks have a real good chance of being an extremely conducive place for investors to invest their money in 2010. Keep in mind that technology companies typically do not carry much debt on their balance sheets, which allows them to purchase other companies when the opportunities arise. In addition, technology companies do a lot of business in foreign economies and couple that with the falling dollar and prices of U.S. products will be very attractive to overseas customers.
There are certainly discussions out there about quality tech opportunities as presented here. In addition, to some of those names I have other areas you might want to consider as you look to garner profits in the technology sector over the course of 2010.
Some of the stocks that are poised to have a very rosy 2010 include Apple Computer (AAPL), Baidu Incorporated (BIDU) and Amazon.com (AMZN). All these stocks have tremendous fundamentals and are in a great position to takeoff to the upside. Another way to participate is to buy the QQQQ exchange traded fund, which closely mirrors the NASDAQ. For more aggressive investors you could purchase the QLD exchange traded fund which move twice as fast the QQQs.
Trading Tips to Help Cash in on Hi-tech Profits
One way to lower costs when thinking about trading in the hi-tech area is to use options. You can use straight calls or spread them to even lower the costs further. There are also the possibilities of implementing covered calls or selling puts on the underlying to lower the overall cost basis. All of these option trading tips can go a long way in improving your total return on investment.
Tags: investing 2010, Jim Cramer, mad money, markets, stock predictions, stocks, tech investing, tech stocks, thestreet, TheStreet.com, wall street
