Today (Thursday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss whether the tech companies that are driving the market right now will be among the best investments in 2014.
Robinson believes the growth and earnings of tech companies continue to offer investors what they want - good cash flow and solid earnings. When Varney co-host Charles Payne points out that "Amazon hasn't made a nickel since day one," Robinson counters by saying that "each company has a unique story to tell."
For companies like Amazon (Nasdaq: AMZN), Robinson says the story is about growth, whereas Apple Inc. (Nasdaq: AAPL) and Google Inc. (Nasdaq: GOOG) reward investors with huge earnings and bottom lines.
Robinson also discusses whether the current popularity of tech stocks has anything in common with the dot-com bubble of the late 1990s.
Watch as Robinson gives a big prediction for Apple in 2014, and why its CEO, Tim Cook, has been dubbed the King of Vaporware:
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