Small-Cap Tech Stocks to Buy: Kemet (KEM)
Kemet Corporation (NYSE:KEM) is a very niche field, but is illustrative of what is happening in the broader tech space. KEM makes passive electronic devices.
Without going too deep, an electronic device needs an active component that controls current. Components that don’t — like capacitors, resistors, transformers, etc — are passive devices. Basically, KEM produces the building blocks for electronic devices from circuit boards to power drills.
And it recently announced that it is buying NEC’s EMD (electromechanical devices) division, which will further broaden its product lines in an entirely new direction. EMDs use an electrical signal to create a mechanical movement.
The larger point here is, the stock is up 230% in the past six months, which shows you that the pent-up demand for tech spending is finally finding its way into the marketplace.
Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip Growth, Emerging Growth, Ultimate Growth, Family 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.