Northern, WI  12/3/2012 (BasicsMedia)  —  Undervalued Technology stocks are still great investments as we close 2012 and fire up 2013.  But like any stock you need to buy and hold or buy them correctly (at the correct price) and not get cuaght up in the media over reactions, tech stocks have tricky to trade, but reward investors when they spend time to do your research.  Wall Street analysts have been echoing this by upgrading a few choice undervalued names. 

In November it was FaceBook (NASDAQ:FB) and today it’s Dell (NASDAQ:DELL), and there may be a few more to come as we finish out the year.  There are also a few retailer upgrades to review.  Markets also will open higher today as traders sort out fiscal cliff rhetoric and higher Asian markets last night.

Treasury Secretary Timothy Geithner, speaking on the same program for the Obama administration, suggested Republicans needed to take a breather from negotiations but would ultimately agree to raise tax rates—a key White House demand that is part of its push to raise $1.6 trillion in taxes over 10 years.

“It’s obviously a little hard for them now, and they’re trying to figure out where they go next, and we might need to give them a little time to figure out where they go next,” Mr. Geithner said.  Mr. Boehner told the television program that Republicans were willing to agree to about $800 billion in tax increases over 10 years, but only by closing tax breaks, not by raising rates.  “When you go and increase tax rates, you make it more difficult for our economy to grow,” Mr. Boehner said. “Half of that income is the small-business income.”

Goldman Sachs (NYSE:GS) took a contrarian bet and upgraded Dell two notches from “sell” to “buy.” They think sentiment toward the computer maker is too bearish and could begin to improve given the company’s strong balance sheet. The 12-month target price was raised to $13 from $9. DELL is up more than 5 percent before the bell

You also had and upgrade of Deckers Outdoors was upgraded to “buy” from “neutral” at Sterne Agee, which assigned a $65 price target. DECK, which closed at $38.29 on Friday, is ripping almost 9 percent in the premarket on that move.  Deckers is the maker of UGG brand boots and has a line of outdoor clothing.

Disclaimer:  We have no position in any stock mentioned here.

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