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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