|By PR Newswire||
|August 22, 2014 10:24 AM EDT||
Stocks to Buy at All-Time Highs
If I had a nickel for every person that told me they were "Waiting for a pullback" or has most of their money "on the sidelines" I'd be living in the Caribbean eating jerk chicken and constantly applying sunscreen to this bald head of mine. Honestly, I don't blame people for their fear or their skepticism surrounding this market. After all, it really doesn't make much sense right? You can turn on the T.V. at any time of the day and find 1,000 reasons why the world is going to heck in a hand-basket and you should stock your basement with Spam, drinking water, ammunition and never leave the house.
While we're all shivering, cowering in the corner, white knuckles tight around the 12 gauge, it's sunny outside. There's no post-apocalyptic zombie horror movie playing in our front yards. There aren't any breadlines in Manhattan, and despite the best efforts of our politicians not every municipality is bankrupt.
In actuality it's nearly the complete opposite. The stock market is at all-time highs. Interest rates will remain accommodative for the foreseeable future. U.S. GDP is picking up pace again. Earnings are looking great. Basically, it's a good time to be in the market. So take a deep breath, a glass of water, rub your earlobes, have a "woo-sah" moment, grab your check book and buy the all-time high!
Insanity right?! I've lost all my marbles. Somebody put this guy in a strait jacket. Or, I've got an even better idea. Take a look at the Russell 2000 chart.
The Russell 2000 (R2K for short) represents the small caps in the stock market. Small caps historically are more volatile than large cap stocks. If you want to sound fancy you say they are "high beta." They have a tendency to exacerbate moves in the S&P 500 to either side. But, while the S&P 500 is hitting new all-time highs like every other week, the R2K has been locked into a trading range forever.
The range between 1082 and 1212 has been a firm floor and ceiling for the index since last November. Since then we've done all sorts of wiggling and jiggling between the two levels. Efforts to breakout above or below have been convincingly thwarted.
Currently we're trading at about 1160 on the R2K, just a shade above the halfway mark between the buoys. The last time buyers came in to support the index was August 1st when traders came and scooped up shares of small caps well ahead of the bottom of the range at 1082. Most of the buying happened above 1107, which is about 25% or so from the bottom of the range. From a technical aspect, this implies a more bullish pattern developing for the R2K, but also there's a chance this rally dies out in the 1180s as the range becomes more compacted ahead of a breakout. Any way you slice it, I'm bullish small caps with the S&P 500 at all-time highs. I have a few names you should be looking at, even with the market as high as it is.
TriQuint designs, develops, manufactures, and markets a broad range of high performance analog and mixed signal integrated circuits for communications markets. The integrated circuits are incorporated into a variety of communications products, including cellular phones, fiber optic telecom equipment, satellite communications systems, high performance data networking products and aerospace applications.
This Zacks Rank #1 (Strong Buy) has surprised earnings estimates to the upside for four quarters in a row. Further, over the last 30 days, three analysts have raised their estimates for the current year and next year. This has pushed consensus up from 31 cents per share for the current year to 51 cents and bounced next year's consensus up from 50 cents to 75 cents.
All this has contributed to one heck of a run for the stock. After gaping up to break the $10 mark in February of last year, TQNT has barely paused to take a breath on its ride upwards. A few times the stock traded sideways to touch the 25 day moving average shifted by 5 days. After brief consolidation periods and minor sell-offs, TQNT almost always rebounds to head even higher.
Recently the stock has formed a bit of a bullish triangle pattern. Stochastics are in overbought condition so you do have to use a bit of caution when jumping on board. However, you can expect to see stochastics like this during a breakout and that's exactly what's happening to TQNT right now. With the spike to a 52-week high intraday today, I'd expect to see an attempt at $20 over the coming weeks.
Jabil Circuit is a worldwide independent provider of electronic manufacturing services. It designs and manufactures electronic circuit board assemblies and systems for major original equipment manufacturers in communications, computer peripherals, personal computer, automotive and consumer products industries.
Due to positive earnings revisions turning more than 60 days old, JBL has bumped down to a Zacks Rank #3 (Hold), however it's in an industry that ranks 3rd or in the Top 1% of our Zacks Industry Rank.
The stock, just today, broke out above the previous 52-week high where it had a failed breakout attempt just a few short weeks ago. This momentum stems from an aggressive stop grabber pattern at the 23.6% retracement of the December 18th to June 24th broad move to new highs. This, coupled with a stochastic bullish crossover from an extreme oversold condition has been the technical catalyst.
With the old 52-week high firmly in the rearview mirror, you can expect a short run up until the stock inevitably retraces to retest the old high. If you miss the breakout happening now, you can wait for a bit of weakness to jump in and ride this thing higher.
Yes, we're at all-time highs on the S&P 500 but that doesn't mean that you should shy away from the stock market. Here I've given you reasons to step in, be courageous, and buy this market. These two stocks should benefit from a continued rally in the small cap Russell 2000 index.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Investment Research
800-767-3771 ext. 9339
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOURCE Zacks Investment Research, Inc.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 9, 2016 05:30 PM EST Reads: 2,361
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Dec. 9, 2016 05:30 PM EST Reads: 411
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 9, 2016 05:15 PM EST Reads: 1,882
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 9, 2016 05:15 PM EST Reads: 1,455
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
Dec. 9, 2016 05:15 PM EST Reads: 368
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
Dec. 9, 2016 05:00 PM EST Reads: 2,053
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Dec. 9, 2016 04:45 PM EST Reads: 1,858
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 9, 2016 04:45 PM EST Reads: 1,288
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Dec. 9, 2016 03:45 PM EST Reads: 575
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 03:30 PM EST Reads: 1,230
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 9, 2016 03:15 PM EST Reads: 978
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 03:15 PM EST Reads: 861
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Dec. 9, 2016 03:00 PM EST Reads: 2,012
Infrastructure is widely available, but who’s managing inbound/outbound traffic? Data is created, stored, and managed online – who is protecting it and how? In his session at 19th Cloud Expo, Jaeson Yoo, SVP of Business Development at Penta Security Systems Inc., discussed how to keep any and all infrastructure clean, safe, and efficient by monitoring and filtering all malicious HTTP/HTTPS traffic at the OSI Layer 7. Stop attacks and web intruders before they can enter your network.
Dec. 9, 2016 03:00 PM EST Reads: 380
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
Dec. 9, 2016 02:45 PM EST Reads: 630