Silver Lining: The Six Top Tech Stocks of 2010

NEW YORK (TheStreet) -- The economic downturn didn't make 2009 the best year for giant technnology companies, but our top tech stock picks for 2010 have big plans in place to build a stronger future. Amazon

Even during the recession, when both online and brick-and-mortar retailers were diving for cover, Amazon grew its business. Crucial for investors, this momentum is expected to continue into 2010. "This is one of the few large-cap companies in the tech space that will still grow significantly," Youssef Squali, an analyst at Jefferies & Company, told TheStreet. "We're expecting topline growth to accelerate from the mid-20s this year, in a bad economic environment, to about 30%." During the third quarter, as U.S. consumers emerged bleary-eyed from the economic downturn, Amazon reported sales of $5.45 billion, an increase of 28% on the same period in 2008. Perfectly positioned to reap the rewards of holiday spending, the company is expected to go from strength to strength. After growing more than 165% this year, Amazon's stock is on an upswing and the Seattle, Wash., firm is gearing up for a bumper 2010. Merrill/BofA recently increased its Amazon numbers through 2011, citing a continued shift toward online shopping this holiday season. With impressive customer service, shipping and order fulfillment, Amazon has built a foundation from which to target new areas, including the launch of new technology, such as its popular Kindle e-book. Solid fundamentals, though, will prove the biggest factor in Amazon's 2010, according to Squali. "It's the way they are run," he said. "Their strategy is to offer the best user experience with the best price -- for the longest time that was missing from the majority of e-commerce players." --Reported by James Rogers in New York Next Top Tech Stock: Comcast   Loading Comments...   < Previous 1 2 3 4 5 6 Next >

SHARE:

Featured Photo Galleries Go to Slideshow Archive

Connect with TheStreet

Tech News From The Web

The Boxee Beta

Boxee Blog

Apple Bans Another Developer, 1000+ Apps Pulled

MobileCrunch

News Publishers Launch Joint Venture Targeting Digital Content Distribution

MacRumors : Mac News and Rumors

Apple's Purchase Price for Lala: $80 Million? [Update: $17 Million?]

MacRumors : Mac News and Rumors

Brightcove Teams Up With TubeMogul To Power Its Analytics

TechCrunch

If You Can Draw It on a Whiteboard, You Can Send It to a Kindle

GigaOM

Measures target child web safety

BBC

McAfee appliance monitors corporate networks for security threats

Infoworld News

Dells Twitter account generates $6.5 million in revenue over 2 years

Boy Genius Report

Samsung details Bada, its new mobile phone platform

Boy Genius Report More Headlines Dow Jones S&P 500 NASDAQ 10-Year Note 10,276.67 1,092.39 2,176.93 33.92 Oil * 75.21 DOWN 113.44 DOWN 10.86 DOWN 12.68 DOWN 0.56 10 Yr 3.39% SPDR Gold 111.05 -1.09% -0.98% -0.58% -1.62% Data delayed 20 minutes More From TheStreet Latest Headlines Top Rated Stocks from TheStreet Ratings Top-rated Mutual Funds from TheStreet Ratings The Latest Investment Ideas Top-rated ETFs from TheStreet Ratings Find returns with the Dividend Calendar Twitter RSS Facebook YouTube adsonar_placementId=1341369;adsonar_pid=879768;adsonar_ps=-1;adsonar_zw=320;adsonar_zh=280;adsonar_jv='ads.adsonar.com'; Brokerage Partners YAHOO.util.Event.on(window,"load",function(){ setTimeout(function(){ TSCM.util.attachScript('scr_intellitxt','http://thestreet.us.intellitxt.com/intellitxt/front.asp?ipid=10685'); },1200); }); Sponsored Links Get your credit score in 2 easy steps for free. By Experian Consumer Direct var ads = [ { link:"http://FisherInvestments.click-url.com/INV/go/131834384/direct/01/", text:"How to plan for a secure retirement.", trk:null }, { link:"http://ad.wsod.com/click/8bec9b10877d5d7fd7c0fb6e6a631357/83.45.img.TEXT/", text:"Free stock symbol lookup: Scottrade stock research", trk:'http://ad.wsod.com/embed/8bec9b10877d5d7fd7c0fb6e6a631357/83.45.tk.TEXT/' }, { link:"http://ad.wsod.com/click/8bec9b10877d5d7fd7c0fb6e6a631357/83.45.img.TEXT/", text:"Free stock symbol lookup: Scottrade stock research", trk:'http://ad.wsod.com/embed/8bec9b10877d5d7fd7c0fb6e6a631357/83.45.tk.TEXT/' }, { link:"http://clk.atdmt.com/DEN/go/171694938/direct/01/", text:"Get a guaranteed return. Lock in a great rate on a Citibank CD.", trk:'http://view.atdmt.com/DEN/view/171694938/direct/01/' }, { link:"http://clk.atdmt.com/TNY/go/175928010/direct/01/", text:"Limo rides to & from the airport*. Fly Virgin Atlantic Upper Class.", trk:null }, { link:"http://www.entrepreneur.com/business-opportunities/index.html?cam=thestreet&cid=Homepagetextlink1109", text:"Be Your Own Boss and Start your Own Business Today!", trk:null }, { link:"http://www.usfunds.com/adclick.cfm?adid=2212", text:"What's Driving Gold? Learn more.", trk:null }, { link:"http://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&c=20&mc=click&pli=1072416&PluID=0&ord=", text:"A fearless retirement starts here. Find out more at DontFear65.com.", trk:'http://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&c=19&mc=imp&pli=1072416&PluID=0&ord=&rtu=-1' }, { link:"http://ad.doubleclick.net/clk;219703317;4639705;k?http://www.investors.com/Register/Campaign.aspx?id=aei-n&src=ACECKR3", text:"Are you using the #1 Investing System?", trk:null }, { link:"http://www.goldline.com/d/index.html?id=557&utm_source=thestreet.com&utm_medium=banner&utm_campaign=street-gold-delivered", text:"Goldline.com – A leader in gold investing since 1960.", trk:null }, { link:"http://ad.doubleclick.net/clk;218753205;41757528;l?http://www.optionsxpress.com/?cmpid=tlstreetros", text:"Trade Options, Stocks and Futures in One Account at optionsXpress", trk:null }, { link:"http://clk.atdmt.com/ANY/go/173953744/direct/01/", text:"Take advantage of new opportunities at ups.com/whiteboard", trk:'http://view.atdmt.com/ANY/view/173953744/direct/01/' }, { link:"http://ad.doubleclick.net/clk;220321087;43695531;a", text:"COME HOME FOR THE HOLIDAYS IN A 2010 RANGE ROVER. LEARN MORE.", trk:'http://ad.doubleclick.net/ad/N3016.TheStreet.com/B4104094.27;sz=1x1' }, { link:"http://www.gainesvillecoins.com/?utm_source=thestreet&utm_medium=textlink&utm_campaign=thestreet&utm_content=336x280", text:"Buy Gold, Silver, Platinum online 24/7! Credit Cards Accepted", trk:null }, { link:"http://ad.doubleclick.net/clk;217859701;36852981;v", text:"Invest with U.S. Trust", trk:null }, ]; function __trackingpixel(url){ var ord = Math.floor(Math.random() * 100000000000); if(typeof url != "undefined") { if(url.indexOf('[timestamp]')!= -1) { url = url.replace("[timestamp]", ord); } return ""; } } var counter=-1; var limit = 3; function __write_textlink() { counter++; if(counter >= limit)return; var index = Math.floor(Math.random() * ads.length * 10 % ads.length); var it = ads.splice(index,1); var o = it[0]; document.write(''); document.write( o.text ); document.write( '' ); if(o.trk != null){ document.write(__trackingpixel(o.trk)); } if(ads.length > 0) { __write_textlink(); } else { } }; __write_textlink(); TheStreet Premium Services All Services Action Alerts PLUS Get free access to Cramer's portfolio picks at Action Alerts PLUS - Try it now Free RealMoney Jim Cramer's RealMoney team of 70+ Wall Street pros will give you wealth-building strategies - Get started Free RealMoney Silver Doug Kass + our 5 Premium Services - all in one place - Get a free 14-day trial today Stocks Under $10 David Peltier is ready to help you find affordable Stocks Under $10 which could lead to a big-money payoff - Get access to his portfolio FREE ETF Action Don Dion's brand new service can help investors at all levels build profitable ETF portfolios - Learn more document.write(unescape("%3Cscript src='" + (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js' %3E%3C/script%3E")); var beaconurl=""; if(TSC.util.isDefined(document)){ beaconurl=document.URL; try{ if (top.location != self.location){ beaconurl=document.referrer; } }catch(e){} } COMSCORE.beacon({ c1:2, c2:"6036014", c3:"", c4:beaconurl, c5:"", c6:"", c15:"" }); View Directory Jim Cramer Doug Kass Ron Insana Breakout Stocks Options Alerts Stock Under $10 RealMoney Don Dion's ETF Action Hot Topics: How to Invest in Gold - Fast Money - Apple Tablet - Motorola Droid - Cramer's Picks - Cyber Monday - Health Care - Mad Money Resources About Us Advertise Corrections Customer Service Employment Investor Relations Make a Suggestion Privacy Policy Readers' Feedback Sitemap Video Sitemap Subscribe Terms of Use Financial News Archive Topic Archive TheStreet Premium Services Compare All Services Jim Cramer's Action Alerts PLUS: Now any level of investor can trade right alongside a Wall Street pro — and enjoy 24/7 access to his portfolio! Learn More Login NEW! Don Dion's ETF Action: A concise two-step strategy for learning and trading in this increasingly lucrative area of investing. For all levels of investors! Learn More Login RealMoney: Jim Cramer's team of 70+ investment pros offer a daily wealth of fast-breaking market news... analyses... red-hot opportunities...and wealth-building strategies. Learn More Login RealMoney Silver: The genius of Doug Kass + 5 Premium Services = an unrivaled group of expert fundamental analysts, technical analysts, and Wall Street observers. Learn More Login Breakout Stocks: Bryan Ashenberg combines sophisticated screening software with eagle-eye analysis to find small and mid-caps ready to break out! Learn More Login Market Movers Deep in the Money Calls Stocks Under $10 Top Gun Trader TheStreet Ratings Daily Swing Trade Top Stocks ETF Shark Alerts Options Alerts try { function DM_onSegsAvailable(segs, cust_id) { for(var i=0;i /** * absolutley positions an ad using an existing container as an 'anchor' * can optionally update the height of the placeholder (cfg.flexibleHeight) */ TSCM.ads.positionToPlaceholder = function(cfg) { var Yud = YAHOO.util.Dom; var ad = Yud.get(cfg.ad); var placeholder = Yud.get(cfg.placeholder); if(!ad || !placeholder) {return}; if(cfg.flexibleHeight === true) { //option to update height of placeholder based on ad //thanks to IE, we can't do this the simple way with getStyle var height; if (_isIE) { //IE6, IE7 var adRegion = Yud.getRegion(ad); height = adRegion.bottom - adRegion.top; } else { height = Yud.getStyle(ad, 'height'); } //set default height for caus if height detect fails if (height === '0px' || height == '0' || height < '220' ||height === 'undefined' && placeholder.id === 'cauContainer') { height = '220px'; } Yud.setStyle(placeholder, 'height', height); } Yud.setXY(ad, Yud.getXY(placeholder)); //position the ad over the placeholder }; /** * function wrapper that places all DART ads using TSCM.ads.positionToPlaceholder * if positionToPlaceholder can't find the elements specified, it just returns and is ready for the next call */ TSCM.ads.placeLazyLoadingAds = function() { // DART 1 (banner) TSCM.ads.positionToPlaceholder({ ad: 'ad728x90', placeholder: 'bannerContainer', flexibleHeight: false }); // DART 1 (expander) //TSCM.ads.positionToPlaceholder({ // ad: 'expanderad', // placeholder: 'expanderbar', // flexibleHeight: false //}); //DART 2 TSCM.ads.positionToPlaceholder({ ad: 'customUnit', placeholder: 'cauContainer', flexibleHeight: true }); //DART 3 TSCM.ads.positionToPlaceholder({ ad: 'boxAd', placeholder: 'boxAdContainer', flexibleHeight: true }); //DART 4 TSCM.ads.positionToPlaceholder({ ad: 'secondBoxAd', placeholder: 'secondBoxAdContainer', flexibleHeight: true }); }; TSCM.ads.placeLazyLoadingAds() window.onresize = function() { setTimeout(function() { TSCM.ads.placeLazyLoadingAds(); }, 1000); };

The Boxee Beta

Apple Bans Another Developer, 1000+ Apps Pulled

News Publishers Launch Joint Venture Targeting Digital Content Distribution

Apple's Purchase Price for Lala: $80 Million? [Update: $17 Million?]

Brightcove Teams Up With TubeMogul To Power Its Analytics

If You Can Draw It on a Whiteboard, You Can Send It to a Kindle

Measures target child web safety

McAfee appliance monitors corporate networks for security threats

Dells Twitter account generates $6.5 million in revenue over 2 years

Samsung details Bada, its new mobile phone platform

After the Bell

Before the Bell

Booyah! Newsletter

ETF Weekly

Midday Bell

TSC Top Ten Stories Newsletter

University Newsletter

Winners & Losers

TheStreet Mobile Edition

Take Our Tour

Connect with TheStreet

Read Full Article »