Tag Archives: CAMT

Hot Tech Stocks To Watch Right Now

When most investors think of artificial intelligence stocks come to mind — and well they should.

Nvidia’s graphics processing hardware has proven an ideal way to complete the intensive number-crunching required by most AI applications, and Microsoft has arguably acquired a number of artificial intelligence companies, garnering some new and impressive technologies it has yet to turn into a practical product. Those products are in the works, though.

Many more organizations have waded into artificial intelligence waters, however — more than you might realize. A bunch of them are smaller and, perhaps, even unknown names. That doesn’t make them inferior AI stocks, however. Indeed, many of these unknown names rank among the best artificial intelligence stocks available to investors today.

With that as the backdrop, here’s a run-down of three AI names you may not have realized were artificial intelligence plays — if you realized they existed at all.

Hot Tech Stocks To Watch Right Now: NVIDIA Corporation(NVDA)

How Much Farther Will NVIDIA Corporation Stock (NVDA) Drop?

Source: Shutterstock

 

INTC stock is up 45% over the past 12 months. MU stock is up 70%.

But even those huge gains pale in comparison to the gains made by NVIDIA Corporation(NASDAQ:NVDA) over the past year. During that stretch, NVDA stock has risen by more than 140%.

That is especially impressive considering NVDA is among the biggest in the group, meaning these huge gains have come from a big base.

As such, it is easy to tell that a lot of things have gone right for NVDA. Remember all those secular growth markets that are creating robust demand in the semiconductor space (data-centers, AI, IoT, and automation)? NVDA is the king in each of those markets, and the company’s leadership position appears to be only strengthening as the markets get bigger.

As such, NVDA stock should be able to stay hot.

That said, valuation is a concern for this stock. NVDA stock trades at 40-times this year’s projected earnings. That is a much bigger valuation than is normal for a chip stock.

But NVDA also deserves this huge multiple. Revenues have grown by around 40% per year over the past 2 years, and are expected to rise another nearly 30% this year. Meanwhile, margins are powering higher, and earnings are expected to rise 30% this year and more than 15% next year.

Thus, the 40-times forward multiple feels rich, but not unnecessary. There may be some near-term turbulence in the stock as fundamentals catch up to the stock price, but overall, this chip stock should head significantly higher in a long-term window.

Hot Tech Stocks To Watch Right Now: Grupo Supervielle S.A. (SUPV)

Grupo Supervielle SA (NYSE:SUPV) based in Buenos Aires, Argentina, the company is a private domestically-owned financial group primarily in Argentina. The company owns Banco Supervielle S.A., an Argentine private domestically-owned bank.

Grupo Supervielle has expected earnings growth of 27.7% for current year. The Zacks Consensus Estimate for the current year has improved by 4.3% over the last 60 days.

Hot Tech Stocks To Watch Right Now: Mellanox Technologies, Ltd.(MLNX)

You may not have heard of chip maker Mellanox Technologies, Ltd. (NASDAQ:MLNX) — but in the last six months this “strong buy” stock has jumped by 77%. What’s more, there is still plenty of upside potential left! Mellanox is a leading supplier of computer networking products using InfiniBand and Ethernet technology. The stock is buzzing after the company positively pre-announced first quarter earning results. Most notably, midpoint of revenue guidance increasing by $18 million, or 8%, to $245 million.

On the news, top Loop Capital analyst James Kisner boosted his MLNX price target from $80 to $90. The new price target suggests 28% upside potential from current levels. For Kisner, MLNX stands to benefit from 1) the adoption of high-speed Ethernet network interface cards and 2) switches by hyperscale internet/Web 2.0 companies.

Most interestingly, Kisner isn’t concerned about the company’s activist spat. On the contrary, he sees the involvement of Starboard Value LP as a positive catalyst that could lead to a company sale or operating improvements. Starboard owns 10.6% of Mellanox shares and is currently pushing to take over the board of directors.

Hot Tech Stocks To Watch Right Now: Equinix Inc.(EQIX)

Equinix Inc (NASDAQ:EQIX) connects businesses to their customers, employees and partners via data centers.

The company’s top-line reached $4,368 million as of its latest fiscal year, up 131.5% from fiscal year December 2012. Over that time period, Equinix’s revenue growth has ranged from 11.5% to 32.5%.

Wall Street analysts estimate that Equinix’s total revenue will continue to grow at an annual rate of 10.1% over the next five years.

Equinix’s stock currently trades at $414.48 per share as of Tuesday, up 9.4% over the last year. On a fundamental basis, the company’s stock is trading at a 7.0% discount to finbox.io’s intrinsic value estimate.

Hot Tech Stocks To Watch Right Now: Camtek Ltd.(CAMT)

Camtek Ltd. (NASDAQ:CAMT) is a developer of automatic optical inspection systems that are used to enhance both production processes and yield for manufacturers in the circuit board and semiconductor industries.

After posting better-than-expected earnings results last week, CAMT has moved to a Zacks Rank #2 (Buy), and its resulting share price surge has earned it an “A” grade for Momentum in our Style Scores system.

Camtek is also an exciting growth pick, with EPS figures expected to improve by 81.5% in the current fiscal year and an additional 25.5% in 2019. Still, the stock is trading with a Forward P/E of just 16.1 and a P/S of 2.8—so its valuation is hardly stretched considering its rapid expansion opportunities.

Top 10 Dividend Stocks To Buy For 2019

Gold prices hit $1,350 per ounce for the 13th time in the last five years in yesterday’s trading, after hovering around the psychological level of $1,300 over the last week.The prime catalyst behind the rally was the military attacks in Syria, spearheaded by the United States and its allies.

Furthermore, war-related geopolitical risks are lifting up crude oil prices, in turn boosting gold’s value in the market. Gold bullion ETF SPDR Gold Shares (GLD) has gained about 2.4% in the last month.

With escalating war tensions, investors are increasingly leaning toward safe haven assets like gold.

At this juncture, allocating your hard-earned money in selective gold mining stocks can prove to be a masterstroke.

Top 10 Dividend Stocks To Buy For 2019: Euro FX(P)

Pandora (NYSE:P) shares have blasted out of a long consolidation range — which ran between November and April — and hopes of an emerging turnaround for the internet streaming music pioneer.

New management has managed to engineer an increase in paid subscriptions and stabilize user metrics. Analysts at B. Riley FBR upgraded shares to “buy” on what they see as meaningful business improvements and an attractive valuation.

The company will next report results on July 31 after the close.

Analysts are looking for a loss of 16 cents per share on revenues of $372.50 million. When the company last reported on May 3, a loss of 27 cents per share beat estimates by eight cents on a 1% rise in revenues.

Top 10 Dividend Stocks To Buy For 2019: Renewable Energy Group, Inc.(REGI)

The name might be a little misleading, but Renewable Energy Group (NASDAQ: REGI) is a leading eco-friendly stock nonetheless. The company is the nation’s largest biodiesel producer, processing inedible agricultural products into over 450 million gallons of biofuel every year that is blended with petroleum-based fuels to reduce emissions. It has quietly grown its footprint over the years despite political wrangling over key subsidies for the industry. Aside from perennial uncertainty, things have worked out for the business: the reinstatement of an important tax credit just netted the company a $205 million windfall.

While biodiesel alone is good for the environment on the whole, Renewable Energy Group has set its sights on next-generation renewable diesel, with 75 million gallons of annual production today. The fuel is chemically-identical to petroleum-based diesel, but manufactured from animal fats or other renewable oils in a special process. It provides more compatibility with existing infrastructure, which will broaden its market share and help to provide no-compromise transportation fuels.

Top 10 Dividend Stocks To Buy For 2019: Camtek Ltd.(CAMT)

Camtek is a developer of automatic optical inspection systems that are used to enhance both production processes and yield for manufacturers in the circuit board and semiconductor industries. After posting better-than-expected earnings results last week, CAMT has moved to a Zacks Rank #2 (Buy), and its resulting share price surge has earned it an “A” grade for Momentum in our Style Scores system.

Camtek is also an exciting growth pick, with EPS figures expected to improve by 81.5% in the current fiscal year and an additional 25.5% in 2019. Still, the stock is trading with a Forward P/E of just 16.1 and a P/S of 2.8—so its valuation is hardly stretched considering its rapid expansion opportunities.

Top 10 Dividend Stocks To Buy For 2019: Axon Enterprise, Inc.(AAXN)

In April 2017, the company formerly known as Taser International re-branded as Axon Enterprise Inc (NASDAQ:AAXN).

As part of the re-branding, the company essentially changed the focus of its whole business model from selling tasers to selling body cameras and the accompanying data management and cloud storage solution. To accelerate this transition, Axon agreed to give away free body cameras to every police officer in the United States for a year.

Wall Street hated the idea. AAXN, after all, is a business, not a charity. The stock dropped to $21, and it stayed there for a few months as the numbers over the next several quarters showed significant margin pressure.

But time and time again, I said to buy AAXN stock while its margins and valuation were depressed (read here, here, and here). The whole idea was that everyone would love the one-year free trial, and subsequently, AAXN would sell a whole bunch of body cameras, smart weapons, and cloud subscriptions the following year.

Indeed, that has happened. AAXN just reported robust fourth quarter numbers alongside a strong guide that called for continued strong revenue growth and big margin expansion. AAXN stock jumped to above $40 on the news.

Moreover, since that report, it seems like everyone and their best friend is ordering smart weapons and body cameras. In the month of April alone, the Chicago Police Department ordered nearly 3,500 smart weapons, the Montgomery County Police Department rolled out in-car cameras to 900 vehicles, and the Kent and Essex Police forces in the UK ordered almost 5,000 Axon cameras.

Clearly, this is one of the hottest turnaround stories on Wall Street. AAXN was a $20 stock not too long ago. Now, it’s at $42, and the momentum is only building.

Top 10 Dividend Stocks To Buy For 2019: NVIDIA Corporation(NVDA)

Perhaps the most prominent names of the bunch are NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), which are best known for their graphics card and PC-based microprocessors, respectively. Neither company has exactly been forthcoming with regard to how much of their sales are tied to cryptocurrency mining, but each company has clearly benefited in recent quarters from the sale of graphics processing units (GPU). NVIDIA’s full-year results pointed to 41% year-over-year sales growth, with Advanced Micro’s sales up 25% on an annual basis. 

In fact, demand for GPUs has been so strong that the price of graphics cards, new and old, has been shooting higher. This actually creates a bit of a conundrum for NVIDIA and AMD, as Advanced Micro Devices is more commonly known. The core customers for both companies are avid gaming enthusiasts and enterprise clients. If crypto mining demand continues to pluck supply from the market, the high price for graphics cards could cause a rebellion among NVIDIA’s and AMD’s core customers. Then again, if these companies create a product specifically for crypto mining, they’ll drive down prices by increasing supply and squash the sales and margin boost they’ve recently experienced.

While both companies certainly have a lot going on beyond the cryptocurrency mining industry, it’s possible that their share prices could reflect the ebbs and flows of virtual currency token prices, so it’s something to keep in mind.