Oil prices are on fire, recently hitting a three-and-a-half-year high. More upside could be on the way. However, despite this rebound, many oil stocks have been ice-cold, with several surprisingly having sold off to such an extent that they’re currently trading at levels not seen in years. That makes them compelling options for your portfolio this month.
Best Tech Stocks To Invest In Right Now: Analog Devices, Inc.(ADI)
This stock could very well benefit from an increase in information technology (IT) spending. Analog Devices Inc. (NASDAQ: ADI) is a leader in the design, manufacture and marketing of analog, mixed-signal and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer and communication markets worldwide. It offers signal processing products that convert, condition and process real-world phenomena, such as temperature, pressure, sound, light, speed and motion, into electrical signals.
Last year the company introduced a highly integrated polyphase analog front end with power quality analysis designed to help extend the health and life of industrial equipment while saving developers significant time and cost over custom solutions. Achieving extremely accurate, high-performance power quality monitoring typically requires customized development, which can be expensive and time-consuming.
The analysts believe that the Linear Technology acquisition, which closed earlier this year, is a huge positive. In addition, many on Wall Street expect that corporate management ultimately will exceed its $150 million of targeted synergies.
Analog Devices investors are paid a solid 2.14% dividend. The Merrill Lynch price target for the stock is $110. The Wall Street consensus price target was last seen at $103.14. The stock closed Friday’s trading at $89.76 per share.
Best Tech Stocks To Invest In Right Now: United Parcel Service Inc.(UPS)
Shares of this package delivery service have plunged around 30% from their January 2018 highs. The February market plunge resulted in a steep gap, exasperating an already dire situation.
Currently, shares are building a base in the $105.00 zone, setting up an ideal technical buy opportunity. Let’s take a closer look.
Fundamentals supporting the bullish call include the dividend increase of 10% in February. The company has increased dividends every year since 1969, and they have quadrupled since 1999. UPS boasts a healthy cash flow to support the ever-growing payout to investors.
CEO David Abney stated, "Dividends remain a high priority at UPS. Our strong cash flow from operations has enabled us to pay a stable or growing dividend for nearly 50 years."
Next, the company has been knocked lower due to a perceived Amazon threat; however, it still boasts the top margins in the industry. Also, it has posted a compound annual growth rate (CAGR) of over 7% for the last 10 years.
I firmly believe that the Amazon threat is way overblown, and UPS will return to its yearly highs over time.
Best Tech Stocks To Invest In Right Now: Diageo plc(DEO)
One of the world’s largest distillers, Diageo is the leading maker of Scotch whisky, which represents more than a quarter of Diageo’s $15.6 billion in annual sales. The top-selling Johnnie Walker brand has been most responsible for Diageo’s growth, but previously it was helped by vodka sales from brands like Smirnoff, Ciroc, and Ketel One. Vodka, though, has fallen in recent years, and today represents 11% of Diageo’s sales.
Because the "browns" of the spirits world — whiskey, bourbon, rye — are the hot drinks of the moment, particularly among women, Diageo has been able to ride that wave higher. It recently launched a "Jane Walker" label to capitalize on this trend. Recent studies suggest that women not only drink as much alcohol as men do, but also that younger women may possibly be consuming even more.
At 22 times trailing earnings and 19 times next year’s estimates, Diageo is being discounted by the market compared to other distillers, despite its premier position in the industry. Almost all its brands can be found in the top spot or second place in markets around the globe. Other well-known brands it owns include Crown Royal whisky and Captain Morgan rum.
Its dividend of $3.46 per share currently yields a solid 2.4% annually, and with analysts expecting earnings to grow 12% this year, Diageo should be able to continue delivering sales, earnings, and dividend growth for years. That’s a retirement portfolio mix worth toasting.
Best Tech Stocks To Invest In Right Now: Wynn Resorts, Limited(WYNN)
This embattled casino giant looks like it could be headed for more big changes on top after Elaine Wynn recently demanded that Wynn Resorts move quickly to restructure its board. Wynn Resorts has also seen its stock price pop 3.51% over the last month as investors react more to the business than to its former CEO’s scandal. Looking ahead to the first quarter, Wynn Resorts is expected to see its revenues climb by 14% to $1.68 billion.
Investors might be even more pleased to note that the company’s earnings are projected to reach $1.92 per share, which would mark a 54.8% expansion from the year-ago period. Wynn Resorts has also experienced positive earnings estimate revision activity recently. Lastly, WYNN is currently a Zacks Rank #3 (Hold) and holds an Earnings ESP of 0.35%, with its Most Accurate Estimate coming in 1 cent above our current consensus estimate. Therefore, WYNN is a stock that could be ready to top Q1 earnings estimates. The casino company is also expected to report its Q1 financial results on Tuesday.
Best Tech Stocks To Invest In Right Now: Intuitive Surgical Inc.(ISRG)
So you want market-crushing returns and groundbreaking innovation. Cryptocurrencies might fit that bill, but at the cost of enormous risk. As an alternative, I would suggest robotic-surgery specialist Intuitive Surgical — lots of innovation, plenty of proven success, and much lower risk levels than your favorite crypto-coin.
The maker of da Vinci surgery systems has seen its share prices rising a market-beating 380% in the last 10 years, including a 72% surge over the last 52 weeks alone. Those gains have materialized in lockstep with similar improvements to the company’s revenues and earnings, so the stock gains are based on rock-solid business results.
Intuitive Surgical currently is running over some speed bumps in its quest for international sales growth, but the all-important domestic market makes up for that issue with healthy growth and strong long-term prospects. The robotic-surgery field has seen an influx of new system builders in recent years, but even those erstwhile rivals often say that they just don’t want to compete head-to-head with Intuitive Surgical.
The company grabbed a huge first-mover advantage many years ago, wrapped it in kevlar-class patent protection, and built up an installed user base that’s nearly immune to usurpers for the foreseeable future. Hospitals are unlikely to kick out their multimillion-dollar da Vinci robots, even if a better solution suddenly appears.