Best Tech Stocks To Own Right Now

tags:BRKS,CRM,SINA,QUIK,USM,KYO,

SolarEdge Technologies (NASDAQ:SEDG) has been the hottest stock in solar over the past year: It has risen 273%, and shows no signs of stopping. It has become a go-to supplier of residential solar power optimizers and inverters, and has used its dominance in the U.S. market as a jumping-off point to expand its global reach. 

Given SolarEdge's success, it's worth considering whether the stock's value can keep climbing, or if it has gone too far too fast. The answer may not be as clear as it seems. 

Image source: Getty Images.

Why SolarEdge's stock is up

As the charts below show, SolarEdge Technologies has been growing both revenue and net income quickly since the beginning of 2017. In the past year, revenue rose 39.2% to $701.9 million, and net income rose 51.9% to $105.7 million. Also note that most of the stock's gains were driven by a rising P/E ratio, not earnings growth. 

Best Tech Stocks To Own Right Now: Brooks Automation Inc.(BRKS)

Advisors' Opinion:

• [By Logan Wallace]

  SUMITOMO HEAVY/ADR (NASDAQ: BRKS) and Brooks Automation (NASDAQ:BRKS) are both mid-cap industrial products companies, but which is the better business? We will compare the two companies based on the strength of their profitability, earnings, valuation, institutional ownership, dividends, analyst recommendations and risk.

• [By Dan Caplinger]

  The stock market held its own on Tuesday, with major benchmarks generally pushing very slightly higher after their record run over the past few days. Investors were pleased to see positive readings on consumer sentiment in the U.S., as the health of the economic expansion relies largely on the willingness of shoppers to keep spending. In addition, some companies saw their shares rise due to factors specific to their businesses. Yum China Holdings (NYSE:YUMC), Brooks Automation (NASDAQ:BRKS), and Geron (NASDAQ:GERN) were among the best stocks in the market. Here's why they performed so well.

• [By Joseph Griffin]

  Brooks Automation (NASDAQ:BRKS) insider Maurice H. Tenney sold 8,969 shares of Brooks Automation stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $29.80, for a total transaction of $267,276.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Best Tech Stocks To Own Right Now: Salesforce.com Inc(CRM)

Advisors' Opinion:

• [By Chris Lange]

  When Salesforce.com Inc. (NYSE: CRM) reported its most recent quarterly results late on Tuesday, the company said it had $0.74 in earnings per share (EPS) and $3.01 billion in revenue. Consensus estimates from Thomson Reuters had called for $0.46 in EPS on revenue of $2.94 billion. The first quarter of last year reportedly had EPS of $0.28 and $2.39 billion in revenue.

• [By Motley Fool Staff]

  Argersinger: Right. And, of course, we were wrong at the time to rerecommend it, because Twitter, again, as we foreshadowed, hit another new low shortly after that. In the fall of 2016, it was interesting, it actually shot up from that low teens to about $25. This was because there was a rash of buyout rumors, if you remember, companies from Salesforce (NYSE:CRM) to Disney, there were rumors that they were bidding for the company. It shot up to $25. Of course, a buyout never materialized. The stock fell sharply after that, and slumped down again to that $14-15 range.

• [By Danny Vena]

  salesforce.com (NYSE:CRM) has been on a roll the last several years, as the customer relationship management specialist continues its practice of "beat and raise": this habit of not only beating its own guidance (and that of analysts as well), but raising its forecast after each quarter has pushed the stock to new heights, up 51% so far in 2018.

• [By Joseph Griffin]

  salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,160 shares of the business’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $158.79, for a total transaction of $342,986.40. Following the completion of the sale, the chief executive officer now directly owns 23,836 shares of the company’s stock, valued at $3,784,918.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

• [By Chris Lange]

  Salesforce.com Inc. (NYSE: CRM) will report its fiscal first-quarter financial results after the markets closed on Tuesday. Thomson Reuters consensus estimates call for $0.46 in earnings per share (EPS) on $2.94 billion in revenue. The same period of last year reportedly had EPS of $0.28 and $2.39 billion in revenue.

Best Tech Stocks To Own Right Now: Sina Corporation(SINA)

Advisors' Opinion:

• [By Lisa Levin] Companies Reporting Before The Bell Anheuser-Busch InBev SA/NV (NYSE: BUD) is estimated to report quarterly earnings at $0.89 per share on revenue of $13.06 billion. SINA Corporation (NASDAQ: SINA) is expected to report quarterly earnings at $0.42 per share on revenue of $433.32 million. Weibo Corporation (NASDAQ: WB) is projected to report quarterly earnings at $0.47 per share on revenue of $342.39 million. Ameren Corporation (NYSE: AEE) is estimated to report quarterly earnings at $0.57 per share on revenue of $1.55 billion. Mylan N.V. (NASDAQ: MYL) is projected to report quarterly earnings at $0.98 per share on revenue of $2.75 billion. Cinemark Holdings, Inc. (NYSE: CNK) is estimated to report quarterly earnings at $1.31 per share on revenue of $1.51 billion. ADT Inc. (NYSE: ADT) is expected to report quarterly earnings at $0.24 per share on revenue of $1.11 billion. Coty Inc. (NYSE: COTY) is projected to report quarterly earnings at $0.13 per share on revenue of $2.18 billion. Pinnacle Entertainment, Inc. (NYSE: PNK) is estimated to report quarterly earnings at $0.31 per share on revenue of $644.94 million. Conduent Incorporated (NYSE: CNDT) is estimated to report quarterly earnings at $0.21 per share on revenue of $1.44 billion. Delphi Technologies PLC (NYSE: DLPH) is projected to report quarterly earnings at $1.16 per share on revenue of $1.25 billion. Office Depot, Inc. (NASDAQ: ODP) is expected to report quarterly earnings at $0.08 per share on revenue of $2.72 billion. Global Partners LP (NYSE: GLP) is estimated to report quarterly earnings at $0.13 per share on revenue of $2.33 billion. Wolverine World Wide, Inc. (NYSE: WWW) is projected to report quarterly earnings at $0.37 per share on revenue of $530.99 million. Performance Food Group Company (NYSE: PFGC) is expected to report quarterly earnings at $0.32 per share on revenue of $4.46 billion. Groupon, Inc. (NASDAQ: GRPN) is projected to report
• [By Leo Sun]

  SINA (NASDAQ:SINA), one of China's oldest internet companies, generates nearly 80% of its revenues from the social network Weibo (NASDAQ:WB). It spun off Weibo in 2014, but maintained a majority voting stake in the company. The rest of its revenue come from its network of portal sites and its fledgling fintech business.

• [By Leo Sun]

  Shares of SINA (NASDAQ:SINA) and Weibo (NASDAQ:WB) have both tumbled this year, mainly due to escalating trade tensions between the United States and China. Yet their sell-offs seem overdone, since both tech companies are well insulated from a potential trade war.

• [By Leo Sun]

  JD.com (NASDAQ:JD) recently partnered with SINA (NASDAQ:SINA), one of China's top portal sites, to pool the two companies' user data and resources together. JD.com will help SINA optimize its algorithms to match its readers with more relevant content -- which could help its portal sites lock in more users.

Best Tech Stocks To Own Right Now: QuickLogic Corporation(QUIK)

Advisors' Opinion:

• [By Paul Ausick]

  QuickLogic Corp. (NASDAQ: QUIK) traded down about 33% Thursday and posted a new 52-week low of $1.05 after closing Wednesday at $1.56. The stock’s 52-week high is $2.22. Volume totaled around 4.8 million, about 30 times the daily average of around 180,000. The company priced a secondary offering of 13.5 million units including 0.4 of a warrant at $1.15 per unit.

• [By Logan Wallace]

  Media headlines about QuickLogic (NASDAQ:QUIK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. QuickLogic earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.5432440392545 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

• [By Max Byerly]

  QuickLogic Co. (NASDAQ:QUIK)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $0.98 and last traded at $0.97, with a volume of 294 shares. The stock had previously closed at $0.99.

Best Tech Stocks To Own Right Now: United States Cellular Corporation(USM)

Advisors' Opinion:

• [By Max Byerly]

  JPMorgan Chase & Co. raised its holdings in U.S. Cellular (NYSE:USM) by 770.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,229 shares of the Wireless communications provider’s stock after acquiring an additional 46,231 shares during the period. JPMorgan Chase & Co. owned about 0.06% of U.S. Cellular worth $2,099,000 at the end of the most recent quarter.

• [By Logan Wallace]

  These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

  Get U.S. Cellular alerts: $962.41 Million in Sales Expected for U.S. Cellular (USM) This Quarter (americanbankingnews.com) $0.21 Earnings Per Share Expected for U.S. Cellular (USM) This Quarter (americanbankingnews.com) OneNeck IT Solutions named to CRN's 2018 Solution Provider 500 list (prweb.com) U.S. Cellular Unveils Offers on iPhones With New Connections (zacks.com)

  USM has been the subject of several research analyst reports. Raymond James raised shares of U.S. Cellular from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 2nd. ValuEngine raised shares of U.S. Cellular from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research raised shares of U.S. Cellular from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, February 27th.

• [By Stephan Byrd]

  U.S. Cellular (NYSE: USM) and Hutchison Telecommunications Hong Kong (OTCMKTS:HTHKY) are both computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, dividends, valuation, risk, analyst recommendations, earnings and profitability.

Best Tech Stocks To Own Right Now: Kyocera Corporation(KYO)

Advisors' Opinion:

• [By Shane Hupp]

  Taiwan Semiconductor Mfg. (NYSE:TSM) and Kyocera (NYSE:KYO) are both computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their dividends, valuation, earnings, institutional ownership, risk, analyst recommendations and profitability.

• [By Anders Bylund]

  Shares of Japanese materials giant Kyocera (NYSE:KYO) gained 12.1% in April 2018, according to data from S&P Global Market Intelligence. The stock rode a strong fourth-quarter report to these gains despite zero coverage in the financial press.

• [By Max Byerly]

  Media coverage about Kyocera (NYSE:KYO) has trended somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kyocera earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 44.4825472854626 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.