The Consumer Electronics Show kicked off in Las Vegas estimating factory-to-dealer sales of electronics will exceed $155 billion in 2007. This is great news for exchange traded funds (ETFs) with a technology focus. 2006 reported $145 billion in revenue and the 7% growth estimate is conservative, considering Americans can’t live without their electronic toys. At the show you can join ASIMO the Humanoid Robot or Hulk Hogan, while checking out the latest devices. Video games, next-generation consoles, MP3 players, GPS devices, laptops and digital imaging devices are all mentioned as hot products in the Electronic News article by Suzanne Deffree.
As for ETFs, look into Select Sector Technology SPDR (XLK), up 11% for 2006 and up 1% for 2007.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.