Hot High Tech Stocks To Own Right Now


Yesterday, I dubbed the selloff in auto stocks “car-pocalypse now,” as shares of everything car related tumbled following disappointing auto sales. Shares of General Motors (GM) and Ford Motor (F)? Check. Auto-part makers like BorgWarner (BWA)? Check. Used-car sellers like AutoNation (AN) and CarMax (KMX)? Check. Auto-part retailers like O’Reilly Automotive (ORLY) and AutoZone (AZO)? Oh yeah. So is it time to panic?

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Nope, says JPMorgan analyst Ryan Brinkman and team, who use those exact words. “No need to panic,” they write. “This is what a plateau looks like.” What do they mean by that? I’m glad you asked because Brinkman has four reasons:


1. Sales are not down that much: “SAAR was softer than expected in March, but is tracking 17.2 mn YTD, not materially different than 17.3 mn in 1Q last year,” Brinkman writes. “We estimate the macro drivers of strong new vehicle sales remain in place, including record average vehicle age, a solid employment backdrop, consumer confidence near 13-year highs, and historically low gas prices.”

Hot High Tech Stocks To Own Right Now: Virtusa Corporation(VRTU)

Advisors’ Opinion:

  • [By Lisa Levin]

    Technology shares gained around 0.85 percent in trading on Friday. Meanwhile, top gainers in the sector included Virtusa Corporation (NASDAQ: VRTU), and Ceragon Networks Ltd (NASDAQ: CRNT).

Hot High Tech Stocks To Own Right Now: ADDvantage Technologies Group, Inc.(AEY)

Advisors’ Opinion:

  • [By Jim Robertson]

    Today, our Under the Radar Moversnewsletter suggestedshorting small cap cable television and telecommunications equipment stock ADDvantage Technologies Group, Inc (NASDAQ: AEY):

Hot High Tech Stocks To Own Right Now: Lennox International, Inc.(LII)


Advisors’ Opinion:

  • [By Greg Williamson]

    Watsco’s current P/E of 24.5 is in the same ballpark as its competitor Lennox International (NYSE: LII  ) (NYSE: LII  ) (NYSE: LII  ) , whose P/E is 23.8. Lennox is a manufacturer of HVAC equipment and components, and will also benefit from HVAC industry tailwinds.

Hot High Tech Stocks To Own Right Now: Veritiv Corporation(VRTV)

Advisors’ Opinion:

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