Top Stock to Buy #1 – Advanced Energy Industries (AEIS)
Advanced Energy Industries (NASDAQ:AEIS) provides power conversion products that transform power into various usable forms. Its products are used by semiconductor, solar panel, and similar thin-film manufacturers, such as flat panel display and data storage. S&P estimates earnings of $1.01 in 2013, $1.60 in 2014, and $1.82 in 2015.
The stock broke from a triple-top in December, running from $15 to a high of $20 by early March. Since then, it has been consolidating in a deep “V” formation. Accumulation has been steady, and a break above $20 could provide a target of $24. Buy AEIS at the market price.