Shelter from the storm: AAPL; AMZN & BIDU

Published: July 30, 2007, 5:00 am

Tags: aapl, amazon, amazon com, amzn, apple, baidu, bidu, inthenews, joseph hargett, josephhargett, relative strength stocks, schaeffer s investment research, steven halpern, tech stocks, thestockadvisors com

Filed under: Apple Inc (AAPL), Amazon.com (AMZN), iPhoneIn the declining market, the tech sector has stood out for its relative performance, according to Jospeh Hargett, an analyst with Schaeffer's Investment Research. He explains, "Within the tech sector, there are several pockets of opportunity that could provide some nice cover for your portfolio while the storm blows over." Here, he reviews Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Baidu (NASDAQ: BIDU), which he believes "appear poised to hold their own going forward." The advisor says, "At the end of the day, Apple has proven why its shares have vaulted more than 73% since the beginning of the year. As one of the very few stocks that closed in positive territory yesterday, it is easy to see why AAPL makes our 'fallout shelter' list." The stock, Hargett notes, had some help, though, riding the wave of a solid earnings report (besting the Street's expectations by 20 cents per share). But, he adds, it wasn't the iPhone that

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