Tech's Top 3 Back-to-School Stocks
NEW YORK (TheStreet) -- With parents and students opening up their wallets before schools and colleges open their doors for the new semester, investors should keep a close eye on tech companies Apple(AAPL) , Amazon(AMZN) and eBay(EBAY) , which are poised to ride the massive back-to-school spending wave.
While Silicon Valley has recently felt the strain of cautious enterprise spending, consumers can pick up some of the slack this time of year. According to the National Retail Federation, combined K-12 and college spending is expected to reach a combined $83.8 billion in 2012, up from $68.8 billion in 2011.
For Apple, this means tapping the phenomenal popularity of its gadgets amongst schools and students, while online retailers Amazon and eBay are looking to grab fresh e-commerce dollars.
"I think both Amazon and eBay are very nicely positioned for back to school," noted Sandeep Aggarwal, Internet analyst at research firm Digital Route, in an email to TheStreet. "Both are riding the e-commerce adoption and, in