Goldman Sachs added Apple (AAPL) to its Americas conviction buy list, saying shares will likely benefit from the launch of the company's third-generation iPhone next month, as well as from the sharply higher projections of iPhone sales for the second-half of the year.

ChangeWave’s latest consumer survey shows a sudden huge pullback in electronics purchasing by U.S. consumers – the largest one since they began measuring spending trends back in 2002.

Only 19% of survey respondents say they'll spend more on electronics over the next 90 days compared to 33% who will spend less – an unprecedented sign of weakness in this space.

Despite recent turmoil in the IT sector for 2008, I contend that this is now where you want to be. Reasoning here follows that the financial sector is struggling to keep its bad news buried, the housing market is shambles and even retailers are struggling to sustain growth.