Time & Money Review 10/12/07 – Technology: The Forgotten Sector

Although the DOW and S&P 500 hit all-time highs this week, the quiet leader was the technology sector. The primary benefactor as well as goat from the internet bubble days, the NASDAQ, is leading the broad market in 2007.  Year to date, the NASDAQ is up 16.2% – followed by the DOW (+13.1%) and S&P 500 (+10.1%).

Technology has become a safe haven as it has zero exposure to the subprime slime that has dogged the financials and homebuilders and it is also a global growth play.  Building world-class telecommunication and computer networks is as important as erecting new highways and bridges to the emerging markets.

Companies like Cisco Systems, Juniper Networks and EMC are seeing robust interests in their products and technologies.  John Chambers, CEO of Cisco Systems, recently stated that world-wide demand for their products has never been higher. If you are looking for a global growth play – that may not be as crowded as the commodity plays – technology may be your trade,

For the week, the NASDAQ led the charge up 0.9%.  The S&P 500 and DOW followed suit up 0.2% and 0.3%.   Commodities continued their march higher.  Gold closed over $750/oz with Silver approaching $14/oz.  Both were up 0.9% and 3% respectively.  Oil hit a new all time high of $84 / barrel and closed the week up nearly 3%.

The TTaMG portfolios had a great week:

  • Fab 4               7.7%
  • BBO                 4.6%
  • BRIC                3.6%
  • Real Money       6.9%
  • TBS                  1.7%
  • MDs Ag Play     6.5%

Become a Friend of TTaMG and make some $ trading stocks in the hottest sectors in the market.

banner ad