• Tech Stocks to Watch in 2013

    By Kevin Chupka | Breakout – Thu, Dec 27, 2012 9:09 AM EST

    2012 was a pretty successful year for the tech sector as a whole. The SPRD Technology ETF (XLK) is up nearly 13% year to date. But what does next year hold? Breakout welcomed Ironfire’s founder and CEO, Eric Jackson, to weigh in.

    For starters, Jackson thinks 2013 will be a banner one for stocks in general, saying, "It wouldn’t surprise me if the S&P went up 20 percent.” More specifically, Jackson offered some thoughts on a few current and former tech heavyweights:

    Facebook (FB)

    “I think Facebook’s facing an ‘either/or’ 2013,” says Jackson. “It could be a massively successful one for the stock, or it could end up kind of limping in the second half of the year.”

    The technology guru cites questions surrounding sales, the management team and the continued transition to mobile as potential pitfalls for Zuckerberg and company. Still, he expects “a monster Q4 when they announce it in January” and says they’ve done a great job at “throwing everything at the wall and seeing what sticks,” which includes the fact that they’re up for buying any company that looks interesting.

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  • 2012 has been a tumultuous year for both Apple (AAPL) and its investors. The stock, once a darling of Wall Street, has fallen precipitously from its intraday high of $705.07 on Sept. 21; shares are down nearly 23% in three months (the stock is up 26.7% YTD).

    The maker of the iPhone and iPad has experienced both highs and lows this year.

    Apple's 2012 highlights include:

    1. iPhone 5 Debut: Apple debuted its highly anticipated and widely speculated iPhone 5 to much fanfare. The tech giant sold a record-breaking 5 million iPhone 5 devices in its September opening weekend, with demand exceeding the company’s initial supply. According to Kantar Worldpanel ComTech, Apple now holds 53.3% of the U.S. smartphone market – the first time Apple has surpassed the 50% mark. Apple’s dominance with smartphone users in the U.S. can largely be attributed to sales of the iPhone 5.
    2. Major Patent Win: Apple also decisively won its patent infringement suit against Korean competitor Samsung this summer. The
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  • You wouldn't know it from the parade of negative nabobs dominating financial media but optimism towards equities and the global economy is actually on the rise. According to the CFA Institute's annual Global Market Sentiment Survey, 50% of financial professionals surveyed say equities will outperform next year, up from 41% in the same survey last year.

    Optimism is also up in regards to the economy, at least compared to the mood last year. 40% of CFA Institute members are looking for economic expansion, with 20% looking for a downtick, compared to 34% and 29% respectively last year.

    "There's some good news and some bad news," says Kurt Schacht, managing director at the CFA Institute. "Overall it's a lot brighter outlook for 2013 both on economies, local and global economies, and it's a bright outlook for equities, with the exception of Europe."

    Ah, yes, Europe. A soveriegn debt crisis is the top concern of 37% of respondents, well above the 31% concerned about continued economic weakness. The survey is broken down by regions of the world. Curiously, Schacht says the Europeans are sanguine about the global situation and generally think the debt crisis will be resolved favorably, but are "dismal" on their own local economies.

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  • U.S.-China Relations Will Define Global Politics in 2013: The Economist

    By Bernice Napach | Daily Ticker – Thu, Dec 27, 2012 7:57 AM EST

    The relationship between the world’s great economic powers — the U.S., Europe and China — will be in transition in 2013, and changing political leadership is a big reason why, says Daniel Franklin, editor of The Economist magazine’s “The World in 2013."

    The relationship between China's new leader Xi Jinping and President Barack Obama “is absolutely the crucial one now for global politics,” Franklin tells The Daily Ticker.

    Related: U.S. Refuses to Label China a 'Currency Manipulator' but All Countries Manipulate Their Currencies

    Franklin says both men need to keep U.S.-China trade flowing. China is the second largest trading partner of the U.S. Last year $503 billion worth of goods were exchanged between the two countries. 80% of those items were U.S. imports from China.

    Franklin says both countries also need to work on resolving disputes between China and other countries over ownership of islands in the South China Sea. Many of those countries, including Japan, South Korea, Taiwan

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