Tech stocks have shown a lot of promise amidst a generally down market, but the early showings of tech stocks have been very disappointing. An article from the prestigious Wall Street Journal this week has shown that you can't rely on tech stocks in a market as unpredictable as the current one, "Tech stocks are proving to be the biggest disappointment of the new year. As the housing market softened, mortgage investments soured and the economy showed signs of slowing as 2007 unfolded, investors profited by shifting to technology stocks. Technology companies have big sales overseas, where growth has stayed strong, and sell mostly to businesses, so they are less vulnerable to slowdowns in consumer spending. Now, however, tech stocks are suffering the brunt of the stock market's recent beating. Intel Corp., for example, is down 15% this year, Google Inc. is down 6% and Apple Inc. has fallen about 10%." At the end of 2007, I thought that the hot stocks to watch would have been tech stocks, but that has proven not to be the case. Apple appeared to be one of the hot stocks to watch, with the big sales for its iPhone, Touch multi-media device, and its always innovative computers, but as you can see, stock investment research shows that even Apple isn't immune to market downturns. Even with free stock market quotes, you don't always know which ones are the hot stocks to watch.
