Investors are once again warming up to the year’s hottest sector — technology.
Even after regulatory and demand concerns cast a shadow over the industry, the S&P 500 Information Technology Index remains the best performer of 2018, gaining more than 10 percent. Last week, Facebook Inc. shares surged past their price before the Cambridge Analytica scandal broke, while the other members of the FANG cohort — Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. — climbed as well.
Investors responded by pouring more than $670 million into the Technology Select Sector SPDR Fund, or XLK, last week. That’s the most in over a year for the world’s second-largest technology exchange-traded fund, which has about $22 billion in assets.
#lazy-img-327741147:before{padding-top:56.25%;}
The ETF’s largest holding is Apple Inc., which takes up about 15 percent of the portfolio, followed by Microsoft Corp. at almost 12 percent, Alphabet at around 10 percent and Facebook at 7 percent.
Hot Tech Stocks To Buy For 2018: Progress Software Corporation(PRGS)
Advisors’ Opinion:
- [By Shane Hupp]
Smith Asset Management Group LP cut its holdings in shares of Progress Software (NASDAQ:PRGS) by 45.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,653 shares of the software maker’s stock after selling 52,380 shares during the period. Smith Asset Management Group LP owned 0.14% of Progress Software worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.
Hot Tech Stocks To Buy For 2018: Mitel Networks Corporation(MITL)
Advisors’ Opinion:
- [By Lisa Levin] Gainers
Sanmina Corp (NASDAQ: SANM) shares rose 15.2 percent to $31.90 in pre-market trading as the company reported stronger-than-expected earnings for its second quarter on Monday.
Cadence Design Systems, Inc. (NASDAQ: CDNS) rose 12.4 percent to $41.30 in pre-market trading after the company posted upbeat Q1 results and issued a strong Q2 forecast.
Aeglea BioTherapeutics, Inc. (NASDAQ: AGLE) rose 10.8 percent to $8.75 in pre-market trading.
Mitel Networks Corporation (NASDAQ: MITL) rose 8.8 percent to $11.05 in pre-market trading after the company agreed to be acquired by affiliates of Searchlight Capital Partners for $2.0 billion.
Galectin Therapeutics, Inc. (NASDAQ: GALT) rose 7.3 percent to $3.70 in pre-market trading.
Riot Blockchain, Inc. (NASDAQ: RIOT) shares rose 6.9 percent to $7.00 in pre-market trading after declining 1.50 percent on Monday.
Hallmark Financial Services, Inc. (NASDAQ: HALL) rose 6.5 percent to $10.68 in pre-market trading.
Boot Barn Holdings, Inc. (NYSE: BOOT) rose 5.2 percent to $20.40 in pre-market trading after gaining 4.53 percent on Monday.
New Oriental Education & Technology Group Inc. (NYSE: EDU) rose 5 percent to $91.16 in pre-market trading after reporting Q3 results.
Shire plc (NASDAQ: SHPG) rose 5 percent to $167.98 in pre-market trading after Bloomberg reported that Takeda is nearing a preliminary agreement to acquire Shire after sweetened bid.
Outfront Media Inc. (NYSE: OUT) shares rose 5 percent to $19.00 in pre-market trading.
Geron Corporation (NASDAQ: GERN) rose 4.3 percent to $4.18 in pre-market trading after gaining 5.80 percent on Monday.
SAP SE (NYSE: SAP) rose 3.7 percent to $109.80 in pre-market trading after the company posted strong quarterly results and raised its outlook for the year.
Golden Ocean Group Limited (NASDAQ: GOGL) shares rose 3.7 percent to $8.70 in pre-market trading after gaining 1.45 percent on Monday.
Deutsche Bank Aktiengesellschaft (NYSE: D - [By Lisa Levin] Gainers
Check-Cap Ltd. (NASDAQ: CHEK) shares jumped 104.82 percent to close at $14.87 on Tuesday.
EVINE Live Inc. (NASDAQ: EVLV) rose 31.25 percent to close at $1.06. The pay-TV home shopping company was named as a potential acquisition target by TechCrunch. According to the publication, Amazon.com, Inc. (NASDAQ: AMZN) is exploring ways of marketing its products and services to consumers beyond the internet.
SemiLEDs Corporation (NASDAQ: LEDS) shares climbed 27.16 percent to close at $4.26 on Tuesday.
Atossa Genetics Inc. (NASDAQ: ATOS) gained 27.09 percent to close at $3.80. Atossa Genetics disclosed that it has Received positive interim review from the Independent Safety Committee in Phase 1 Topical endoxifen dose escalation study in men.
Heidrick & Struggles International, Inc. (NASDAQ: HSII) surged 17.13 percent to close at $37.95 as the company posted upbeat results for its first quarter.
Santander Consumer USA Holdings Inc. (NYSE: SC) shares gained 15.91 percent to close at $18.21 following upbeat quarterly earnings.
Riot Blockchain, Inc. (NASDAQ: RIOT) shares jumped 15.73 percent to close at $7.58 on Tuesday after declining 1.50 percent on Monday.
Sanmina Corp (NASDAQ: SANM) shares gained 14.62 percent to close at $31.75 as the company reported stronger-than-expected earnings for its second quarter on Monday.
Orchids Paper Products Company (NYSE: TIS) jumped 12.86 percent to close at $7.37. Orchids Paper Products is expected to report its Q1 financial results on Wednesday, April 25, 2018.
Helix Energy Solutions Group, Inc. (NYSE: HLX) rose 12.8 percent to close at $7.05 following strong quarterly results.
Avid Bioservices, Inc. (NASDAQ: CDMO) rose 12.72 percent to close at $3.81.
Genprex, Inc. (NASDAQ: GNPX) gained 12.61 percent to close at $5.00.
Obalon Therapeutics, Inc. (NASDAQ: OBLN) rose 12.39 percent to close at $3.72.
NextDecade Corporation (NASDAQ: NEXT) shares climbed 11.88 percent to close at $7 - [By Evan Niu, CFA]
Shares of Mitel Networks(NASDAQ:MITL) have popped today, up by 10% as of 12:40 p.m. EDT, after the company agreedto be acquired. Mitel will go private upon closing.
Hot Tech Stocks To Buy For 2018: P.T. Telekomunikasi Indonesia Tbk.(TLK)
Advisors’ Opinion:
- [By Lisa Levin]
Tuesday afternoon, the telecommunication services shares climbed 1.18 percent. Meanwhile, top gainers in the sector included Intelsat S.A. (NYSE: I), up 7 percent, and Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (NYSE: TLK), up 3 percent.
Hot Tech Stocks To Buy For 2018: Harmonic Inc.(HLIT)
Advisors’ Opinion:
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Harmonic (HLIT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Tech Stocks To Buy For 2018: TE Connectivity Ltd.(TEL)
Advisors’ Opinion:
- [By Logan Wallace]
Robeco Institutional Asset Management B.V. lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,295,222 shares of the electronics maker’s stock after purchasing an additional 10,957 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in TE Connectivity were worth $129,394,000 as of its most recent filing with the Securities and Exchange Commission.
Hot Tech Stocks To Buy For 2018: Synacor, Inc.(SYNC)
Advisors’ Opinion:
- [By WWW.GURUFOCUS.COM]
For the details of INTEL CORP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=INTEL+CORP
These are the top 5 holdings of INTEL CORPCloudera Inc (CLDR) – 26,065,827 shares, 92.26% of the total portfolio. Borqs Technologies Inc (BRQS) – 3,799,172 shares, 5.42% of the total portfolio. ForeScout Technologies Inc (FSCT) – 257,756 shares, 1.37% of the total portfolio. Aquantia Corp (AQ) – 161,492 shares, 0.42% of the total portfolio. Synacor Inc (SYNC) – 866,884 shares, 0.23% of the total portfolio. New
