Top Technology Stocks 2012 - Stocks to Buy - Amazon.com (AMZN) - Amazon.com (AMZN) is my top tech stock to buy in 2012.  Amazon just released a new line of tablet computer's and a new line of Kindle's.  AMZN stock is currently trading at $216 and is trading at 67 times earnings which is very expensive.  If AMZN drops back to $180, the stock is a buy.  Amazon.com (AMZN) is my best technology stock for 2012 ( and best Retail Stock for 2012 ) and I give it a $280 price target.

Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca. The company serves consumers through its retail Web sites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on its Web sites, and their own branded Web sites. In addition, the company serves developer customers through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable virtually various type of business. Further, it manufactures and sells the Kindle e-reader. Additionally, the company provides fulfillment; miscellaneous marketing and promotional agreements, such as online advertising; and co-branded credit cards. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.

Best Tech Stocks 2012 - Stock Picks - Apple inc. (AAPL) - Apple inc. (AAPL)  is another one of my technology stock picks for 2012.  AAPL and AMZN are very close in picks but  Appleis a much larger company so it is a little hard to move the needle.  However, AAPL only trades at 11.6 times 2012 earnings which is very cheap.  Apple is not only a good technology stock to buy, it is a value stock.  The only major problem is the company does not pay a dividend.

Apple (AAPL) is currently trading at $381, down from a high of $423.  If AAPL drops into the $350's or below in 2011 or 2012, the stock becomes a buy.  I feel AAPL can hit $500 in 2012.