For Immediate Release
Chicago, IL –September 12, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Anixter International AXE, Diodes Inc. DIOD, Micron MU, Perion Network Ltd. PERI and Vipshop Holdings Limited VIPS.
Here are highlights from Wednesday’s Analyst Blog:
5 Top-Ranked Value Tech Stocks to Add to Your Portfolio
Technology stocks have been among the best performers to-date in 2019. This is evident from the fact that Technology Select Sector SPDR ETF (XLK) has returned 30.5% year to date. The tech’s upward journey is far from over.
The last few years have witnessed a series of breakthroughs in cloud computing, predictive analysis, AI, self-driving vehicles, digital personal assistants and IoT. Moreover, accelerated deployment of 5G technology — the next wireless revolution — is likely to create more opportunities. This will significantly raise demand for high-tech handheld gadgets and microprocessors.
However, the ongoing U.S.-China trade war and a slowing China economy are potent challenges.
That said, value investing is easily one of the most popular ways to find great stocks in any market environment. It is definitely one of the easiest ways to find stocks that are either flying under the radar and are compelling buys, or offer tantalizing discounts when compared to fair value.
So, we have highlighted five value technology stocks with solid fundamentals that may prove to be the best options for investors in the months ahead.
Strategy to Pick Stocks
With the help of Zacks Stock Screener, we’ve cherry picked five value technology stocks that possess strong fundamentals. Each of these stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
We have further narrowed down the choices with the help of our new style score system. Our research shows that stocks with a Value Style Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best opportunities in the value-investing space.
Each of our picks has a Zacks Rank #1 or 2 and a Value Score of A.
Anixter International is a leading global distributor of network, security, electrical, and utility power products and services.
It sports a Zacks Rank #1. The company outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average positive earnings surprise being 14%. It has an expected earnings growth rate of 18.87% for the current year.
The stock has returned 23.1% on a year-to-date basis.
Diodes Inc. is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets.
It carries a Zacks Rank #2. The company outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average positive earnings surprise being 7.14%. It has an expected earnings growth rate of 19.75% for the current year.
The stock has gained 23.1% on a year-to-date basis.
Micron is one of the one of the leading worldwide providers of semiconductor memory solutions. It is likely to benefit strongly from 5G adoption, advent of the foldable phones and advanced cameras.
It has a Zacks Rank #2. The company outpaced the Zacks Consensus Estimate in three of the trailing four quarters, the average positive earnings surprise being 10.29%.
The stock has gained 55.7% on a year-to-date basis.
Perion Network Ltd. is a global technology company that delivers online advertising solutions and search monetization to brands and publishers.
It sports a Zacks Rank #1. The company outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average positive earnings surprise being 67.92%. It has an expected earnings growth rate of 25.81% for the current year.
The stock has gained 103.1% on a year-to-date basis.
Vipshop Holdings Limited is a China-based online discount retailer which sells popular branded products such as clothing from the likes of Nike and more regional-specific brands to cosmetics and much more.
It carries a Zacks Rank #2. The company outpaced the Zacks Consensus Estimate in three of the trailing four quarters, the average positive earnings surprise being 11.16%. It has an expected earnings growth rate of 39.66% for the current year.
The stock has gained 68.5% on a year-to-date basis.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Perion Network Ltd (PERI) : Free Stock Analysis Report
Vipshop Holdings Limited (VIPS) : Free Stock Analysis Report
Diodes Incorporated (DIOD) : Free Stock Analysis Report
Anixter International Inc. (AXE) : Free Stock Analysis Report
Micron Technology, Inc. (MU) : Free Stock Analysis Report
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