It’s been an uneasy few weeks for investors as leading technology stocks finally stumbled. Since peaking on July 27, the Nasdaq Composite has dropped 1.4%, while the Dow has climbed 1.3%.
But instead of running from the tech sector, this pullback has actually created an even better entry point for the best tech stocks to buy in 2017.
The so-called “experts” jumped on this short-term pullback, declaring that the reign of these market leaders is coming to an end. But according to Money Morning Director of Technology & Venture Capital Research Michael Robinson, these “experts” could not be more wrong. He maintains the tech sector remains the best place in the market to grow your wealth in 2017. In fact, Robinson believes the companies listed below are providing “indispensable” products and services for billions of consumers.
Top 10 Tech Stocks To Own Right Now: VirnetX Holding Corp(VHC)
Advisors’ Opinion:
- [By Stephan Byrd]
VHC traded up $0.10 on Tuesday, hitting $4.10. 918,663 shares of the company were exchanged, compared to its average volume of 270,649. VirnetX has a 12 month low of $2.03 and a 12 month high of $8.75.
ILLEGAL ACTIVITY NOTICE: “Short Interest in VirnetX Holding Co. (VHC) Expands By 1.2%” was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at www.tickerreport.com/banking-finance/3346516/short-interest-in-virnetx-holding-co-vhc-expands-by-1-2.html.
About VirnetX
- [By Paul Ausick]
Late Tuesday, a federal court jury in the eastern district of Texas awarded VirnetX Holding Corp. (NYSEAMERICAN: VHC) $502.6 million in a case that VirnetX brought against Apple Inc. (NASDAQ: AAPL) regarding infringement of VirnetX patents and patented technology.
Top 10 Tech Stocks To Own Right Now: Communications Systems Inc.(JCS)
Advisors’ Opinion:
- [By Lisa Levin] Gainers
Cara Therapeutics, Inc. (NASDAQ: CARA) shares surged 42.76 percent to close at $16.56 on Wednesday in reaction to a new licensing agreement with Europe-based Vifor Pharma. As part of the agreement, the biopharmaceutical company that alleviates pain licensed worldwide rights (except U.S., Japan, and South Korea) to Vifor Pharma to commercialize its KORSUVA therapy to Vifor $70 million.
Yangtze River Port and Logistics Limited (NASDAQ: YRIV) gained 31.28 percent to close at $7.05 on Wednesday.
Tiffany & Co. (NYSE: TIF) climbed 23.29 percent to close at $126.05 after the company reported upbeat results for its first quarter and raised its FY2018 earnings guidance.
EVO Payments, Inc. (NASDAQ: EVOP) gained 18.88 percent to close at $19.02. EVO Payments priced its IPO at $16 per share.
Carver Bancorp, Inc. (NASDAQ: CARV) rose 16.1 percent to close at $6.85.
USA Technologies, Inc. (NASDAQ: USAT) gained 15.68 percent to close at $13.65 after announcing pricing of public offering.
eXp World Holdings, Inc. (NASDAQ: EXPI) shares jumped 15.01 percent to close at $17.70.
Geron Corporation (NASDAQ: GERN) gained 14.99 percent to close at $4.68.
Evolus, Inc. (NASDAQ: EOLS) rose 14.62 percent to close at $19.36.
Ralph Lauren Corporation (NYSE: RL) shares rose 14.34 percent to close at $133.33 after the company reported stronger-than-expected results for its fourth quarter.
Turtle Beach Corporation (NASDAQ: HEAR) jumped 13.26 percent to close at $17.34 on Wednesday. Turtle Beach S-3 showed registration for 1.857 million share common stock offering via selling holders.
Communications Systems, Inc. (NASDAQ: JCS) rose 13.18 percent to close at $3.95. Communications Systems reported establishment of special committee to explore strategic alternatives.
Immutep Limited (NASDAQ: IMMP) shares climbed 12.95 percent to close at $2.53.
xG Technology, Inc. (NASDAQ: XGTI) rose 12.64 percent to close at $0.8561 after the company&rsq
Top 10 Tech Stocks To Own Right Now: Pegasystems Inc.(PEGA)
Advisors’ Opinion:
- [By Motley Fool Staff]
Pegasystems (NASDAQ:PEGA) Q1 2018 Earnings Conference CallMay. 10, 2018 5:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Logan Wallace]
Get a free copy of the Zacks research report on Pegasystems (PEGA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lisa Levin]
Companies Reporting After The Bell
NVIDIA Corporation (NASDAQ: NVDA) is estimated to post quarterly earnings at $1.45 per share on revenue of $2.89 billion.
News Corporation (NASDAQ: NWSA) is projected to post quarterly earnings at $0.07 per share on revenue of $1.99 billion.
Symantec Corporation (NASDAQ: SYMC) is estimated to post quarterly earnings at $0.39 per share on revenue of $1.19 billion.
Pilgrim's Pride Corporation (NASDAQ: PPC) is projected to post quarterly earnings at $0.54 per share on revenue of $2.65 billion.
Hawaiian Electric Industries, Inc. (NYSE: HE) is expected to post quarterly earnings at $0.38 per share on revenue of $556.81 million.
Air Lease Corporation (NYSE: AL) is estimated to post quarterly earnings at $1.01 per share on revenue of $383.37 million.
Flowserve Corporation (NYSE: FLS) is expected to post quarterly earnings at $0.27 per share on revenue of $880.89 million.
Civitas Solutions, Inc. (NYSE: CIVI) is projected to post quarterly earnings at $0.12 per share on revenue of $396.25 million.
The Trade Desk, Inc. (NASDAQ: TTD) is estimated to post quarterly earnings at $0.1 per share on revenue of $73.23 million.
Amdocs Limited (NYSE: DOX) is projected to post quarterly earnings at $0.95 per share on revenue of $980.50 million.
Yelp Inc. (NYSE: YELP) is estimated to post quarterly loss at $0.04 per share on revenue of $220.14 million.
Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) is expected to post quarterly earnings at $0.43 per share on revenue of $210.01 million.
TiVo Corporation (NASDAQ: TIVO) is projected to post quarterly earnings at $0.37 per share on revenue of $198.62 million.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) is expected to post quarterly earnings at $0.17 per share on revenue of $153.87 million.
Uniti Group Inc. (NASDAQ: UNIT) is estimated to post quarterly earnings at $0.01 per share on revenue of $247.16 million.
Jagged Peak En - [By Demitrios Kalogeropoulos]
Pegasystems(NASDAQ:PEGA) announced first-quarter results this week that paired a significant slowdown in sales growth with plummeting earnings. The declines were driven by a shift toward cloud-based revenue that had a more pronounced impact on the books because of the implementation of new accounting rules.
Top 10 Tech Stocks To Own Right Now: ON Semiconductor Corporation(ON)
Advisors’ Opinion:
- [By Lee Jackson]
Aggressive accounts may want to look at this smaller cap play. ON Semiconductor Corp. (NASDAQ: ON) is a vendor of analog power management, analog signal conditioning, standard logic integrated circuits and discrete chips into the automotive, communications, computing, consumer, industrial and medical applications. The company is in the midst of a transformation from a seller of commodity discrete chips into higher value added analog integrated circuits, both through organic growth and acquisitions.
- [By ]
Though concerns have been raised that the analog and MCU markets are at risk of seeing an inventory correction (they haven’t had a major one in a while), given signs of excessive ordering and stretched lead times, TI and STMicro’s numbers suggest conditions remain good for now. That’s particularly true in industrial and auto markets where trends such as factory automation, ADAS adoption and electric/hybrid car sales are boosting chip demand. Several other analog/MCU firms, including Microchip (MCHP) , ON Semiconductor (ON) , Maxim Integrated (MXIM) and NXP Semiconductors (NXPI) , will be reporting soon.
Top 10 Tech Stocks To Own Right Now: Skyworks Solutions, Inc.(SWKS)
Advisors’ Opinion:
- [By Garrett Baldwin]
The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning.
Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade’s financial crisis.
Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December.
VideoMeet the Trading Expert Who Could Help Make You a Millionaire
Crude oil prices slid in pre-market hours to a one-month low. TheWTI crude oil price todayfell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets.
Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY
Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed’s consent order will see the bank change four members of its board of directors and - [By ]
Over on Real Money, Cramer says keep an eye on Skyworks Solutions (SWKS) CEO Liam Griffin because he knows how to play the game. Get more of his insights with a free trial subscription to Real Money.
- [By Ezra Schwarzbaum]
Several other optics stocks stand to gain. In a Monday note, Bank of America Merrill Lynch analyst Vivek Arya also highlighlited the semiconductor space as one that could benefit from the news. Other stocks to watch include:
Lumentum Holdings Inc (NASDAQ: LITE)
Ciena Corporation (NYSE: CIEN)
Coherent, Inc. (NASDAQ: COHR)
II-VI, Inc. (NASDAQ: IIVI)
Inphi Corporation (NYSE: IPHI)
Skyworks Solutions Inc (NASDAQ: SWKS)
Integrated Device Technology Inc (NASDAQ: IDTI)
Qorvo Inc (NASDAQ: QRVO)
Xilinx, Inc. (NASDAQ: XLNX)
Broadcom Inc (NASDAQ: AVGO)
Related Links:
- [By Matthew Cochrane]
Let’s take a closer look at Corning Incorporated (NYSE:GLW), Mastercard Inc. (NYSE:MA), and Skyworks Solutions Inc. (NASDAQ:SWKS) so I can explain why I personally own all three and why, if you’re also in your 40s, you might want to consider them for your own portfolio.
- [By Ethan Ryder]
Fernwood Investment Management LLC decreased its holdings in Skyworks Solutions (NASDAQ:SWKS) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,030 shares of the semiconductor manufacturer’s stock after selling 1,275 shares during the quarter. Fernwood Investment Management LLC’s holdings in Skyworks Solutions were worth $1,106,000 as of its most recent filing with the SEC.
Top 10 Tech Stocks To Own Right Now: Exterran Corporation(EXTN)
Advisors’ Opinion:
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Exterran (EXTN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Tech Stocks To Own Right Now: ArQule Inc.(ARQL)
Advisors’ Opinion:
- [By Logan Wallace]
BidaskClub upgraded shares of ArQule (NASDAQ:ARQL) from a hold rating to a buy rating in a report released on Saturday.
A number of other research firms have also issued reports on ARQL. Roth Capital upped their price target on ArQule from $5.00 to $6.00 and gave the company a buy rating in a research report on Tuesday, April 17th. Leerink Swann upgraded ArQule from a market perform rating to an outperform rating in a research report on Thursday, April 5th. Zacks Investment Research lowered ArQule from a buy rating to a hold rating in a research report on Wednesday, April 4th. ValuEngine upgraded ArQule from a hold rating to a buy rating in a research report on Wednesday, May 2nd. Finally, B. Riley set a $4.00 price target on ArQule and gave the company a buy rating in a research report on Monday, March 26th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of $4.69.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on ArQule (ARQL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
ArQule, Inc. (NASDAQ:ARQL) Director Ronald M. Lindsay acquired 23,900 shares of the company’s stock in a transaction on Thursday, May 10th. The stock was acquired at an average price of $2.67 per share, for a total transaction of $63,813.00. Following the purchase, the director now directly owns 43,900 shares of the company’s stock, valued at $117,213. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Top 10 Tech Stocks To Own Right Now: Facebook, Inc.(FB)
Advisors’ Opinion:
- [By ]
Remember, big tech was a major player at the start of the January rally, with stocks like Facebook (NASDAQ:FB) and Amazon.com (NASDAQ:AMZN) juicing returns right out of the gate.
- [By Chris Lange]
Facebook Inc. (NASDAQ: FB) reported first quarter financial results after markets closed Wednesday. The company said that it had $1.69 in earnings per share (EPS) on $11.97 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $1.35 in EPS on $11.41 billion in revenue. The same period from last year had $1.04 in EPS on $8.03 billion in revenue.
- [By ]
There are a number of factors that have contributed to my decision to go net short in a big way, including:
Narrow Market Leadership. We’re back to a market that’s basically led by the FAANGs — Facebook (FB) , Amazon (AMZN) , Apple (AAPL) , Netflix (NFLX) and Google/Alphabet (GOOG) , (GOOGL) . Rising Short-Term Interest Rates. The 2-year U.S. note yield is up about 1.3 basis points at 2.39%. Complacency. I’m seeing more investor complacency — anecdotally, in the business media and elsewhere — ever since market’s main indices rallied off of their recent lows.
Top 10 Tech Stocks To Own Right Now: Harmonic Inc.(HLIT)
Advisors’ Opinion:
- [By Stephan Byrd]
Harmonic Inc. (NASDAQ:HLIT) Director William F. Reddersen acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was purchased at an average cost of $3.99 per share, with a total value of $19,950.00. Following the acquisition, the director now directly owns 199,574 shares of the company’s stock, valued at approximately $796,300.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
- [By Max Byerly]
Harmonic Inc. (NASDAQ:HLIT) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.33.
- [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
Top 10 Tech Stocks To Own Right Now: SK Telecom Corporation Ltd.(SKM)
Advisors’ Opinion:
- [By Lisa Levin]
Friday morning, the telecommunication services shares gained 1.59 percent. Meanwhile, top gainers in the sector included Sprint Corporation (NYSE: S), up 8 percent, and SK Telecom Co., Ltd. (NYSE: SKM), up 3 percent.
- [By Shane Hupp]
Hutchison Telecommunications Hong Kong (OTCMKTS: HTHKY) and SK Telecom (NYSE:SKM) are both computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, analyst recommendations, profitability, earnings, risk, institutional ownership and valuation.
