The biggest news in technology recently seems to be Apple‘s announcement of the iPhone (and they’re already getting sued by Cisco over the name) as well as Apple TV. Perhaps it will be an exciting year for the technology sector.
If you’re looking for more details pertaining to the sub-sectors within technology, take a look at BusinessWeek and S&P’s 2007 Tech Sector Outlook: Part 1 and Part 2 [free].
So unless you believe that 2007′s growth is already priced into the current value of stocks, tech might be a good place to bet on for short-term gains this year. For non-market timers like me, technology is already represented in my long-term asset allocation.
Suggested ETF: Technology Select Sector SPDR (XLK)
Updated June 17, 2014 and originally published January 11, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.