Megan Graham-Hackett, technology analyst at S&P equity group, likes chip maker Intel (INTC). "The company has a heck of a lot of growth ahead of it," Graham-Hackett said. "They're putting out some high-end server chips that really command a higher price point. The company at the same time has really drastically reduced its cost structure. So that company has very strong outlook ahead of it and trades at a below market multiple."