3 Tech Stocks With Strongest Sales, Earnings Growth

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Right now, the market is focused on crazy things like Ebola, Europe and falling oil prices, which are creating some wild volatility. Eventually, as we move deeper into earnings season, the attention will shift to what is going on with U.S. corporations.

tech stocks

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Tech stocks will — as they always do — attract a lot of attention from investors. Technology is a big part of the U.S. economy and tech stocks are the ones that usually generate the most excitement in the market.

The key for investors this earnings season is to make sure you have the best tech stocks in your portfolio.

These are the three tech stocks that are showing strong sales and earnings growth and can lead the tech sector and stock market higher.

Apple (AAPL)

Apple earnings aapl stockOne of the popular stocks over the past year has been Apple (AAPL). While many people have tried to time announcements and price moves in the stock, they probably would have been better off following Portfolio Grader’s advice.

AAPL stock is up 41% over the past year, and it has been an “A-rated strong buy” the entire time. AAPL stock still earns an “A” as Apple continues to have folks standing in line all night to buy its products.

Apple is still a “strong buy,” and I expect to see fantastic results when it announces earnings on Monday. Analysts are raising their estimates for the quarter, and that is usually an indication that Apple will post yet another earnings surprise.

Facebook (FB)

Facebook stock fbFacebook (FB) is another stock that attracts a lot of chatter and trading interest.  Again, rather than attempting to time the price action, investors would be better off using Portfolio Grader to track Facebook’s fundamentals.

FB stock was upgraded to a “strong buy” back in Dec. and has risen by about 40% since then. Portfolio Grader still has Facebook stock as an “A” as we approach the earnings report on Oct. 28.

Facebook will likely report its fifth consecutive positive earnings surprise and continue that trend higher.

Western Digital (WDC)

Western DigitalData storage leader Western Digital (WDC) has been caught up in some of the selling the past few weeks, but WDC stock is still up 26% so far this year. Portfolio Grader upgraded WDC stock to an “A” back in July as the fundamentals continue to improve.

Western Digital has posted four consecutive earnings surprises, and Western Digital will likely do so again when it releases results on Oct. 28. WDC stock is a “strong buy” in advance of earnings.

Use Portfolio Grader to make sure you own the very best tech stocks this earnings season. Those tech stocks ranked “strong buys” are those most likely to have the type of sales and earnings growth that lead to huge positive surprises and strong stock performances.

Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip GrowthEmerging GrowthUltimate GrowthFamily Trust and Platinum Growth. His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.


Article printed from InvestorPlace Media, https://investorplace.com/2014/10/3-tech-stocks-strongest-sales-earnings-growth/.

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