Top High Tech Stocks To Invest In Right Now

The year 2018, after having started on a positive note, witnessed a sharp correction in stock indices post the Union Budget. The Nifty slipped by around 1,000 points from its all-time high which stood at around 11,000 nearly two months ago. On the other hand, Sensex slipped by more than 3,000 points from its all-time high. Over the last two months, markets were down approximately 10 percent, said Rahul Jain Head of Personal Wealth Advisory, Edelweiss Wealth Management, in a recent interview with Moneycontrol.

He spoke about about how an investor should ride out this market volatility and review ones portfolio during market corrections.

Here are the key takeaways from Jain’s interview:

Rebalancing of portfolio

related news Aditya Birla Sun Life MF garners Rs 628 crore through Resurgent India Fund Kotak Committee recommendations on corporate governance get SEBI sanction Bajaj Auto sales up 23% in March

A market correction is a normal phenomenon, which usually happens at regular intervals. Such corrections in structural bull markets are good as it helps to get away with froth from the stock market. Those who are invested through SIP mode should continue under the current scenario. If an investor is planning to pump in more capitalthen he/she should ideally wait for a month as markets could witness a further correction and NIFTY may lower to 9,600 points. During this period investors can buy more stocks which can be an ideal time to increase equity exposure towards ones portfolio.

Top High Tech Stocks To Invest In Right Now: Restoration Hardware Holdings Inc.(RH)

Advisors’ Opinion:

  • [By Demitrios Kalogeropoulos, Jeremy Bowman, and Steve Symington]

    Steve Symington(RH): RH may have popped more than 30% earlier this week after it posted strong quarterly results — including slightly lower revenue but exceptional earnings relative to expectations — but I think the home-furnishings retailer could have more room to run.

  • [By Garrett Baldwin]

    Markets are digesting the ongoing roller coaster that is President Trump’s trade policy. Recently, Trump slapped the EU, Canada, and Mexico with heavy tariffs on steel and aluminum. At the end of the event, Canadian Prime Minister Justin Trudeau said that all seven member nations signed a summit communique despite ongoing trade tensions. However, President Trump has now claimed that Trudeau lied to him about certain policies. This ongoing political drama will extend through the week. Trump has arrived in Singapore to meet with North Korean leader Kim Jong Un. This will be the first meeting between an American president and a sitting North Korean leader. Ahead of the meeting, Trump said that he will know “within a minute” whether North Korean officials are serious about giving up their weapons and potentially liberalizing their economy. The other major story to watch this week is the meeting of the Fed Open Market Committee, which kicks off on Tuesday. The U.S. central bank is expected to raise interest rates for the second time in 2018. On Wednesday, Federal Reserve Chair Jerome Powell will likely announce a hike of 0.25% to the benchmark rate of 2%. This would also mark the seventh hike since December 2015. Markets will be looking for clues during Powell’s conference to determine how many additional times the Fed plans to raise interest rates during the final six months of the year.
    Four Stocks to Watch Today: VZ, T, TWX, GE
    Verizon Communications Inc. (NYSE: VZ) named a new CEO to help the firm lead its charge in 5G communications. Hans Vestberg, who is a former CEO of Ericsson and Verizon’s CTO since 2017, has been tapped for the lead role starting on Aug. 1. Since joining Verizon, Vestberg has been the architect of the firm’s 4G LTE rollout and lead the organization in its 5G wireless infrastructure design. He will replace Lowell McAdam, who took the role of CEO back in 2011. On Tuesday, a U.S. District Court will rule on whether to approve an $85 bil

  • [By Steve Symington]

    Shares of RH (NYSE:RH) were up 35.1% as of 11:45 a.m. EDT Tuesday after the home furnishings and design retailer announced stronger-than-expected fiscal first-quarter 2018 earnings and raised its full-year guidance.

Top High Tech Stocks To Invest In Right Now: TravelCenters of America LLC(TA)

Advisors’ Opinion:

  • [By Max Byerly]

    Get a free copy of the Zacks research report on TravelCenters of America (TA)

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

  • [By Dustin Parrett]

    One of the worst stocks to play right now is TravelCenters of America LLC (Nasdaq: TA).

    It may seem intuitive that higher gas prices will lead to higher profits for gas stations. But gas stations have notoriously thin profit margins on gasoline, which means they are hardly making money on gasoline sales.

  • [By Joseph Griffin]

    Here are some of the news headlines that may have effected Accern’s rankings:

    Get TravelCenters of America alerts:

    TravelCenters of America (TA) Expected to Announce Earnings of $0.21 Per Share (americanbankingnews.com) TravelCenters of America (TA) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com) Quaker Steak & Lube庐 Invites Guests to Round Up to Benefit Folds of Honor (finance.yahoo.com) Camping World (CWH) vs. TravelCenters of America (TA) Head-To-Head Review (americanbankingnews.com) TravelCenters of America LLC Announces Annual Meeting Results (finance.yahoo.com)

    TravelCenters of America traded up $0.02, reaching $3.10, during midday trading on Monday, according to MarketBeat.com. The company had a trading volume of 163,465 shares, compared to its average volume of 184,114. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 1.23. The stock has a market cap of $124.00 million, a price-to-earnings ratio of -10.33 and a beta of 1.68. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $5.85.

  • [By Lisa Levin] Companies Reporting Before The Bell
    Tyson Foods, Inc. (NYSE: TSN) is projected to report quarterly earnings at $1.32 per share on revenue of $9.89 billion.
    Sysco Corporation (NYSE: SYY) is estimated to report quarterly earnings at $0.64 per share on revenue of $14.34 billion.
    Louisiana-Pacific Corporation (NYSE: LPX) is expected to report quarterly earnings at $0.67 per share on revenue of $692.63 million.
    Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is estimated to report quarterly earnings at $1.06 per share on revenue of 3.90 billion.
    Manchester United plc (NYSE: MANU) is estimated to report quarterly loss at $1.35 per share on revenue of $193.67 million.
    Sempra Energy (NYSE: SRE) is expected to report quarterly earnings at $1.66 per share on revenue of $3.24 billion.
    Willis Towers Watson Public Limited Company (NYSE: WLTW) is projected to report quarterly earnings at $3.01 per share on revenue of $2.23 billion.
    Green Plains Inc. (NASDAQ: GPRE) is estimated to report quarterly loss at $0.28 per share on revenue of $922.42 million.
    TravelCenters of America LLC (NASDAQ: TA) is projected to report quarterly loss at $0.16 per share on revenue of $1.59 billion.
    Gannett Co., Inc. (NYSE: GCI) is expected to report quarterly earnings at $0.03 per share on revenue of $723.93 million.
    Welbilt, Inc. (NYSE: WBT) is estimated to report quarterly earnings at $0.11 per share on revenue of $329.71 million.
    Horizon Pharma Public Limited Company (NASDAQ: HZNP) is projected to report quarterly earnings at $0.07 per share on revenue of $234.17 million.

     

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on TravelCenters of America (TA)

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

  • [By Joseph Griffin]

    Russell Investments Group Ltd. boosted its position in TravelCenters of America LLC (NASDAQ:TA) by 8.6% during the first quarter, Holdings Channel reports. The institutional investor owned 955,678 shares of the specialty retailer’s stock after purchasing an additional 75,276 shares during the quarter. Russell Investments Group Ltd.’s holdings in TravelCenters of America were worth $3,440,000 as of its most recent SEC filing.

Top High Tech Stocks To Invest In Right Now: Cabot Microelectronics Corporation(CCMP)

Advisors’ Opinion:

  • [By Max Byerly]

    Shares of Cabot Microelectronics Co. (NASDAQ:CCMP) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $114.80.

  • [By Ethan Ryder]

    Shares of Cabot Microelectronics Co. (NASDAQ:CCMP) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $112.25.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Cabot Microelectronics (CCMP)

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

  • [By Joseph Griffin]

    News coverage about Cabot Microelectronics (NASDAQ:CCMP) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cabot Microelectronics earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.640513544039 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

  • [By Logan Wallace]

    Cabot Microelectronics (NASDAQ: CCMP) and Analog Devices (NASDAQ:ADI) are both computer and technology companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, analyst recommendations, risk, earnings and dividends.

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