Market Gains on Economy Reopening Optimism: 5 Tech Stocks to Buy

市场因经济重新开盘乐观而上涨:5只科技股值得买入

2020/07/09 00:00  Anirudha Bhagat

The U.S. stock market gained on Jul 8 as investors shrugged off worries about rising coronavirus cases and rejoiced on the economic reopening efforts. With an intra-day gain of 1.4%, the tech-laden Nasdaq Composite index gained the highest, followed by the S&P 500 and Dow Jones rallying 0.8% and 0.7%, respectively.

Notably, the stock market is in a recovery mode since April after bottoming out in late-March due to the pessimism surrounding the coronavirus crisis. Year-to-date losses of Dow Jones and the S&P 500 have contracted to 8.7% and 1.9%, respectively, from 23.2% and 20% as of Mar 31. The Nasdaq Composite index’s YTD return has even turned to +16.9% as of Jul 8 from -14.2% as of Mar 31.

Investors are hoping that the worst of the pandemic is almost over and the economy will swing back to a recovery mode on the government’s easing restrictions. Optimism over a potential vaccine for COVID-19, along with an uptick in economic activities and an improving job market, has also boosted investor confidence.

Tech Sector Leads Market Recovery

The technology sector has played a crucial role in the quicker recovery of the stock market. Since April to date, the Technology Select Sector SPDR (XLK-Free Report) , which tracks an index of the S&P 500 technology stocks, has rallied 34%. Moreover, the ETF has a positive year-to-date return of 17.5%, outperforming the gains of all three major U.S. indices.

The technology sector has been strongly resilient to the impact of coronavirus-induced disruptions, aided by advanced technologies, including Artificial Intelligence (AI), Machine Learning (ML), Augmented Reality (AR), cloud computing, blockchain and robotics.

The adoption rate of Internet-based services and apps has been increasing rapidly as people are compelled to stay indoors. Moreover, the global work-from-home wave is bolstering demand for advanced technology-based virtual meetings and conference tools.

Additionally, the work-and-learn-from-home necessity has propelled demand for PCs, notebooks, peripheral accessories, and cloud storage. All these, in turn, are fueling growth for high speed Internet services.

Moreover, the rising demand for robust communication networks is another positive. Further, the growing proliferation of AI technology, and cloud computing products and services in managing this pandemic situation is a tailwind. All these trends are stoking demand for semiconductor chips.

In addition, the long-term growth prospects of tech companies look promising owing to the continuous digital transformations. The accelerated deployment of 5G technology — the next-generation wireless revolution — is likely to spur further growth. Moreover, blockchain, IoT, autonomous vehicles, AR/VR and wearables offer significant growth opportunities.

Considering the healthy growth prospects of tech companies, it makes sense to invest in this space for long-term gains.

Choosing the Stocks

It is difficult to pick the right stocks from a wide range of available investment opportunities.

This is where the Zacks Stock Screener comes in handy. With the help of this screener, we have filtered five tech stocks that are incredible for investment right now. These stocks carry a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here .

Also, the stocks have a VGM Score of A or B. Per Zacks’ proprietary methodology, stocks with such favorable combinations offer solid investment opportunities.

Our Picks

Micron Technology (MU-Free Report) is benefiting from strong demand for memory chips from PC manufacturers and data-center operators. Markedly, the work-and-learn-from-home trend is stoking demand for cloud storage. Also, the pandemic-induced social-distancing measures and lockdowns have boosted the usage of online and e-commerce services globally. Therefore, data-center operators are enhancing their capacities to accommodate the demand surge for cloud services. This bodes well for the company.

Micron currently carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for fiscal 2020 has moved up 15% to $2.76 per share in the past 30 days.

Micron Technology, Inc. Price and Consensus

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Synaptics (SYNA-Free Report) is well poised to capitalize on its market-leading position for both touchpads and secure fingerprint sensors amid the upbeat trends in PC shipments. New design wins across all OEM leaders, including Dell, HP and Lenovo, deserve a special mention.

Further, increasing adoption of this Zacks #2 Ranked company’s edge SoCs, integrated with AI and embedded neural network capabilities for smart video and audio devices, is anticipated to be conducive to its financial performance.

The stock has a VGM Score of A and the consensus mark of $4.37 per share for its fiscal 2021 earnings has been revised 2.1% upward over the last 30 days.

Synaptics Incorporated Price and Consensus

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KLA Corporation (KLAC-Free Report) is benefiting from healthy demand for process diagnostics and control equipment and yield management solutions required for the fabrication of semiconductor-integrated circuits or chips. This Zacks Rank #2 company has a competitive position in several chip equipment areas, including PCB (printed circuit board) and display. At the same time, KLA has prominent exposure to 5G smartphones, 5G infrastructure equipment and autonomous driving sensors trending in the technology industry.

KLA-Tencor has a VGM Score of A. The consensus mark for fiscal 2021 earnings has moved 8 cents north to $9.71 per share over the past 30 days.

KLA Corporation Price and Consensus

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Avaya (AVYA-Free Report) is gaining on the increased communication infrastructure demand from organizations for seamless collaboration between teams amid the coronavirus-induced remote-working wave. The company’s recent international launch of Avaya Cloud Office is likely to fuel adoption of the product.

Avaya currently carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for fiscal 2020 earnings has been revised upward by 12.9% to $3.14 per share in the past 60 days.

Avaya Holdings Corp. Price and Consensus

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Box (BOX-Free Report) is benefiting from the growing customer base and strong cloud storage demand. This Zacks Rank #2 company provides a single place to secure, share, and manage all of the content for an organization’s internal and external collaborations and processes. Integration with other software like Microsoft Office 365, Google Apps for Work, Adobe and salesforce is likely to boost Box’s user base.

Box currently carries a VGM Score of B. The consensus mark for the company’s fiscal 2021 earnings has moved up by a penny to 50 cents per share over the past 30 days.

Box, Inc. Price and Consensus

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Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

美国股市7月8日上涨,投资者摆脱了对冠状病毒病例上升的担忧,对经济重启的努力感到高兴。盘中上涨1.4%,科技股云集的纳斯达克综合指数涨幅最大,紧随其后的是标准普尔500指数和道琼斯指数,分别上涨0.8%和0.7%。

值得注意的是,由于围绕冠状病毒危机的悲观情绪,股市在3月下旬触底后,自4月份以来处于复苏模式。道琼斯和标准普尔500指数今年迄今的跌幅分别从3月31日的23.2%和20%缩减至8.7%和1.9%。截至7月8日,纳斯达克综合指数的YTD回报率甚至从3月31日的-14.2%转为+16.9%。

投资者希望疫情最糟糕的时期几乎过去,经济将在政府放松限制的情况下重新回到复苏模式。对新冠肺炎潜在疫苗的乐观情绪,加上经济活动的回升和就业市场的改善,也提振了投资者的信心。

科技板块引领市场复苏

在股市更快复苏的过程中,科技板块起到了至关重要的作用。自4月至今,追踪标准普尔500科技股指数的科技精选板块SPDR(XLK-Free Report)已上涨34%。而且,该ETF年初迄今回报率为正17.5%,表现优于所有三大美国指数的涨幅。

在人工智能(AI)、机器学习(ML)、增强现实(AR)、云计算、区块链和机器人等先进技术的帮助下,技术部门对冠状病毒诱导的中断的影响具有很强的弹性。

随着人们被迫呆在室内,基于互联网的服务和应用的采用率一直在迅速增加。此外,全球在家工作的浪潮正在提振对基于先进技术的虚拟会议和会议工具的需求。

此外,在家工作和学习的必要性推动了对PC、笔记本电脑、外围设备和云存储的需求。所有这些反过来又推动了高速互联网服务的增长。

此外,对强大的通信网络不断增长的需求是另一个积极的因素。此外,人工智能技术以及云计算产品和服务在管理这一流行病形势方面的日益扩散是顺风。所有这些趋势都在刺激对半导体芯片的需求。

此外,由于持续的数字化转型,科技公司的长期增长前景看好。5G技术-下一代无线革命-的加速部署可能会刺激进一步的增长。此外,区块链、物联网、自动驾驶汽车、AR/VR和可穿戴设备提供了巨大的增长机会。

考虑到科技公司的健康增长前景,投资这一领域以获得长期收益是有意义的。

选股

很难从众多可供选择的投资机会中挑选合适的股票。

这就是Zacks股票筛选器派上用场的地方。在这个筛选器的帮助下,我们筛选出了五只目前令人难以置信的投资科技股。这些股票的评级为Zacks#1(强力买入)或#2(买入)。你可以在这里看到今天ZACKS排名第一的股票的完整名单。

此外,这些股票的VGM得分为A或B。根据扎克斯的专有方法,拥有如此有利组合的股票提供了坚实的投资机会。

我们的选择

美光科技(MU-Free Report)正受益于个人电脑制造商和数据中心运营商对存储芯片的强劲需求。显然,在家工作和学习的趋势正在刺激对云存储的需求。此外,大流行引发的社会疏远措施和封锁促进了全球在线和电子商务服务的使用。因此,数据中心运营商正在增强其能力,以适应对云服务的需求激增。这对公司来说是个好兆头。

美光目前拥有Zacks排名第二的VGM评分A。在过去的30天里,Zacks对2020财年的普遍估计上涨了15%,达到每股2.76美元。

美光科技公司价格与共识

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在PC出货量的乐观趋势中,Synaptics(Syna-Free Report)准备充分利用其在触摸板和安全指纹传感器方面的市场领先地位。新设计赢得了所有OEM领导者的青睐,包括戴尔、惠普和联想,值得特别提及。

此外,越来越多地采用Zacks排名第二的公司EDGE SoC,集成了智能视频和音频设备的人工智能和嵌入式神经网络功能,预计将有助于其财务业绩。

该股的VGM评分为A,其2021财年收益的共识关口为每股4.37美元,在过去30天里上调了2.1%。

Synaptics公司的联合价格和共识

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KLA公司(KLAC-Free Report)受益于对制造半导体集成电路或芯片所需的过程诊断和控制设备以及产量管理解决方案的健康需求。这家Zacks排名第二的公司在几个芯片设备领域拥有竞争地位,包括PCB(印刷电路板)和显示器。与此同时,KLA对科技行业中流行的5G智能手机、5G基础设施设备和自动驾驶传感器有着突出的敞口。

KLA-Tencor的VGM得分为A,在过去30天里,2021财年收益的普遍关口向北移动了8美分,至每股9.71美元。

KLA公司价格与共识

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Avaya(Avya-Free Report)利用组织不断增长的通信基础设施需求,在冠状病毒引发的远程工作浪潮中实现团队间的无缝协作。该公司最近在国际上推出的Avaya Cloud Office可能会推动该产品的采用。

Avaya目前拥有Zacks排名第二,VGM得分为A。过去60天,Zacks对2020财年收益的普遍预期上调了12.9%,至每股3.14美元。

Avaya控股公司价格与共识

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BOX(BOX-Free Report)正受益于不断增长的客户群和强劲的云存储需求。这个Zacks排名第二的公司提供了一个单一的位置来保护、共享和管理组织的内部和外部协作和流程的所有内容。与Microsoft Office365、Google Apps for Work、Adobe和Salesforce等其他软件的集成可能会扩大Box的用户基础。

Box目前的VGM得分为B。在过去的30天里,该公司2021财年收益的共识分数上升了1美分,至每股50美分。

Box,Inc.价格与共识

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扎克斯2020年十大股票

除了上面讨论的股票,你想知道我们2020年全年最好的10个买入并持有的股票代码吗?

去年的2019年ZACKS TOP 10大股票投资组合回报率高达+102.7。现在,Zacks Rank涵盖的4000多家公司中精选出了一个全新的投资组合。不要错过参与这些长期收购的机会。

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