Hot Tech Stocks To Invest In Right Now

tags:ON,EVTC,DSGX,MITK,AMSWA,

Overview

In this series of articles, I will be taking a look at various industry sectors and selecting what I believe will be outperforming stocks for 2016. In the first article, I reviewed the airline industry and selected my top stock for next year which turned out to be Alaska Air Group (NYSE:ALK). For this second article, I will review the following Auto stocks:

Fiat Chrysler Automobiles (NYSE:FCAU) Ford Motor (NYSE:F) General Motors (NYSE:GM) Harley-Davidson (NYSE:HOG) Honda Motor (NYSE:HMC) Kandi Technologies Group (NASDAQ:KNDI) Tesla Motors (NASDAQ:TSLA) Thor Industries (NYSE:THO) Toyota Motor (NYSE:TM) Winnebago Industries (NYSE:WGO)

Step 1

The first step I took to narrow down the list of possible options was to look at the earnings over the past five years of these stocks within the industry sector. I removed any stock that had negative earnings growth over the past five years. The stocks with negative earnings include:

Fiat Chrysler Automobiles Ford Honda Motor Kandi Technologies Group Tesla Motors Toyota Motor

Step 2

Hot Tech Stocks To Invest In Right Now: ON Semiconductor Corporation(ON)

Advisors' Opinion:

• [By Lee Jackson]

  Aggressive accounts may want to look at this smaller cap play. ON Semiconductor Corp. (NASDAQ: ON) is a vendor of analog power management, analog signal conditioning, standard logic integrated circuits and discrete chips into the automotive, communications, computing, consumer, industrial and medical applications. The company is in the midst of a transformation from a seller of commodity discrete chips into higher value added analog integrated circuits, both through organic growth and acquisitions.

• [By Asit Sharma]

  Stock in semiconductor manufacturer ON Semiconductor Corp. (NASDAQ:ON) rose 13.8% in May, according to data from S&P Global Market Intelligence.

• [By Shane Hupp]

  Cornercap Investment Counsel Inc. boosted its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 39.9% in the 1st quarter, Holdings Channel reports. The firm owned 75,020 shares of the semiconductor company’s stock after buying an additional 21,395 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in ON Semiconductor were worth $1,835,000 at the end of the most recent quarter.

Hot Tech Stocks To Invest In Right Now: Evertec, Inc.(EVTC)

Advisors' Opinion:

• [By Shane Hupp]

  Equities research analysts at Raymond James initiated coverage on shares of Evertec (NYSE:EVTC) in a report released on Friday, MarketBeat reports. The firm set a “market perform” rating on the business services provider’s stock.

• [By Joseph Griffin]

  Evertec (NYSE:EVTC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Hot Tech Stocks To Invest In Right Now: The Descartes Systems Group Inc.(DSGX)

Advisors' Opinion:

• [By Max Byerly]

  Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) had its target price lifted by Barclays from C$43.00 to C$45.00 in a research report report published on Thursday.

• [By Stephan Byrd]

  Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$39.94 and last traded at C$39.84, with a volume of 62385 shares traded. The stock had previously closed at C$39.71.

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Descartes Systems Group (DSGX)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Hot Tech Stocks To Invest In Right Now: Mitek Systems, Inc.(MITK)

Advisors' Opinion:

• [By Motley Fool Staff]

  Many consumers prefer to deposit a check on their smartphone instead of visiting a bank branch or ATM in person. However, most banks lack the technological know-how to make this process work. That's why thousands of them have partnered with Mitek Systems (NASDAQ:MITK), a leading provider of image capture and identity verification software that makes it possible for banks to offer this must-have service to their customers.

• [By Brian Feroldi]

  In this episode of Industry Focus: Tech, host Dylan Lewis and Motley Fool contributor Brian Feroldi take a close look at GrubHub (NYSE:GRUB), BlackLine (NASDAQ:BL), and Mitek (NASDAQ:MITK). Find out what each company does, and how they do it so well; the biggest risks that each faces; just how big the growth runways are for these relatively niche players; which one is Brian's favorite of the three; and more.

• [By Shane Hupp]

  Mitek Systems Inc. (NASDAQ:MITK) Director Bruce Edward Hansen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $8.73, for a total transaction of $349,200.00. Following the completion of the sale, the director now owns 81,135 shares of the company’s stock, valued at approximately $708,308.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hot Tech Stocks To Invest In Right Now: American Software, Inc.(AMSWA)

Advisors' Opinion:

• [By Stephan Byrd]

  BidaskClub upgraded shares of American Software (NASDAQ:AMSWA) from a hold rating to a buy rating in a research report sent to investors on Monday.

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on American Software (AMSWA)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com