3 stock picks and 3 stocks reviewed.
Sometime back I wrote about some stocks that I liked. One was RealNetworks (RNWK). The other was Adobe (ADBE). At that time (May 2006) RealNetworks was trading around 9. Now its trading at 8.37. Adobe was trading at 27. Now its trading at 43. Equal amounts of both would have yielded a decent return. Fortunately I also bought as much Aquantive (AQNT). Thanks to Microsoft that stock is up 159% since my $24.6 per share purchase.
OK so what three stocks might I recommend for the next year?
Akamai (AKAM) had a great run this year but has since lost some of its amazing gains. Fortunately for those of us in tech, its a reasonable bet to think that edge content delivery still matters. Akamai is a big dog in this space. I’m going to start buying some now at 43.59.
GPS will be pretty mainstream in a few years. Already in cars. Coming in more cars. And cell phones. Garmin has run up a lot in the last few years but I think it will keep going. Garmin Ltd. (GRMN).
OK here’s the one where this tech guy is a bit of a fish out of water. No matter. I’m banking on more good global economy growth from 2007 - 2008. So, I’m going to add a luxury goods maker that owns the sunglass market. See all those sun glass stores everywhere? Ever notice what people spend on a pair of sunglasses these days? Guess who makes MOST of them. Luxottica Group S.p.A. (LUX) Fancy sunglassess are just an assumed part of most people’s wardrobe and most lose or break a few pairs per year. The company has also grown like crazy but it isn’t just going to stop in 12 months.
Oh…and I’m holding onto Adobe for another 12 months.
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