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Status/Class/Tacky Stock Picks – Materials & Technology Sectors

|Includes: AAPL, AKAM, BHP, CLF, CREE, Freeport-McMoRan Inc. (FCX), IBM, MMR, PALM, X

 Here are my ‘Status/Class/Tacky Stock Picks’ for the Materials and Technology sectors. Everything around us can fit into a category of Status, Class or Tacky. Status = trendy, latest fashion; can be the best, but not necessarily; sometimes over-rated. What’s currently in vogue is key factor here, not objective quality – which may not make for a great stock pick. Class = excellent; not necessarily most fancy; more often than not it’s better than ‘status’, but more conservative. Tacky = needs no explanation.
Materials - Freeport-McMoRan Copper & Gold (NYSE:FCX) – after a sharp drop in April, this one’s poised to pop back through $100, perhaps as high as $125 by the end of 2010. Copper and Gold all in one – what more can you ask for? -
Cliffs Natural Resources (NYSE:CLF) – strong earnings will continue to drive this one higher -
BHP Billion (NYSE:BHP) – China & India Inc. will continue to devour ore. Enough said! - McMoRan (NYSE:MMR) – it’ll take more than one good quarter to convince me to jump back in. -
US Steel (NYSE:X) – Some analysts say it’s poised for a rally. Perhaps. But there are plenty of options in this sector more likely to outperform (see CLF above). Technology -
Apple (NASDAQ:AAPL) – has Apple peaked or will it motor on to $300? Everyone’s favorite, it could be verging on being over-bought. However, my bet is continued new products will keep the momentum going at least until the end of 2010. I’m still a fan of AAPL. -
Akamai (NASDAQ:AKAM) – a lot of growth potential, a leader in their business. Cloud computing will seal Akamai’s future success. A provider of high-speed service to Netflix and others, Akai will hit $40 before the year’s end. -
Cree (NASDAQ:CREE) – a market leader in the high-growth LED solutions. -
IBM (NYSE:IBM) – performing well on all cylinders, plus strong dividend make this a stalwart stock -
Palm (PALM) – can HP make PALM a winner? I doubt it. And, if so, it’ll take a while. This one’s been overtaken by stronger, more nimble and innovative competitors.

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Disclosure: "No Positions"