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Stocks to buy if you believe in connected cars and autonomous driving

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Tech Stocks to Buy: Nuance Communications (NUAN)Tech Stocks to Buy: Nuance Communications (NUAN)nuan-stock-nuance

Nuance Communications Inc. (NASDAQ:NUAN) produces voice recognition and natural language processing technology. Nuance’s DragonDrive allows drivers to speak to the vehicle interface and interact with it, and allows the driver to access cloud-based services and infotainment. It also recognizes the driver’s voice.

Aside from automotive, NUAN is also involved in healthcare, mobile devices, and enterprise — selling transcription and dictation software for electronic medical records — and Optical Character Recognition technology.

Nuance stock is down 22.3% in the last year. Nuance stock changes hands at 9.1 times forward earnings, 8.5 times free cash flow and 2.3 times book value.

As of this writing, Lucas Hahn did not hold a position in any of the aforementioned securities.

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