Great investing opportunities exist everywhere in the stock market. But how do you find them?
Tracey Ryniec, Stock Strategist at Zacks Investment Research, discusses two hidden gems that might be worth a closer look at by investors: Applied Optoelectronics (AAOI) and BioTelemetry (BEAT)
Hidden gems are stocks that are followed only by a handful of Wall Street analysts and which the rest of the stock market doesn’t pay much attention to but they should because their fundamentals are strong.
Applied Optoelectronics revealed that it had two new 10% sales customers in its Data Centers business, one at 63% of sales and the other one at 11%. Could they be Amazon and Facebook, per chance?
This is a rare growth, and value, play as earnings are expected to soar 168% in 2017 which means the shares only trade with a forward P/E of 16x. It’s a Zacks Rank #1 (Strong Buy).
Growing slower, but still in the double digits, wireless medical device company BioTelemetry saw record quarterly revenue in the fourth quarter of 2016, which was up 15% year-over-year.
It intends to build on that momentum in 2017. Analysts are bullish, as they expect earnings to grow about 11% in 2017 and another 25% in 2018. It’s a Zacks Rank #2 (Buy).
But what else should investors take away from these two companies? Watch our short video below to learn more about these hidden gems.
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Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
BioTelemetry, Inc. (BEAT): Free Stock Analysis Report
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