Tech stocks have been on a tear in 2014. Both the iShares U.S. Technology ETF (IYW) and the Technology Select Sector SPDR Fund (XLK), two of the largest technology ETFs on Wall Street, are up over 6% since January, while the broader S&P 500 index is up about 11%.
But as impressive as that is, some tech stocks are up even more — and set to move much higher in 2015.
When I look at the sector, five big-name tech stocks in particular have jumped out at me in my latest research.
My Turner Analytics system, which uses sophisticated software and tools to screen over 6,000 stocks and exchange-traded funds based on fundamental and technical research, has flagged all five of these tech stocks as “strong buys” right now.
Turner Analytics is unlike any other trade-timing tool out there, marrying both fundamental and technical analysis to zero in on big winners. My fundamental components include an analysis of a company’s financials and operations that will drive up the demand for shares, while my technical ratings tell you exactly when to buy and when to sell. Want a peek into the future? My tools provide a unique and uncannily accurate time-cycle forecasting component for broad market and sector-based tickers, as well as 90-day future forecasts of individual stocks and ETFs.
Just today, for example, my market-timing trade-bias research is screaming that there is a big potential in the tech sector right now. The tech stocks sector is flashing a strong bullish rating via my Turner Analytics tool, meaning there is a tailwind for every company in this segment of the market. And on top of that, within tech, my system has identified some very strong stocks right now that have even more potential than their peers.
Take a look at the charts on these big-time potential winners!
Tech Stocks to Buy Now – Apple
Apple Inc. (AAPL) is a tech giant behind iconic mobile devices like the iPhone and iPad. AAPL stock is up about 42% so far this year on strong results powered by the new iPhone launch a few months ago.
My Turner Analytics tool shows impressive quarter-over-quarter earnings growth for AAPL stock, as well as great multi-year trends for both sales and profits.
Apple Inc. (AAPL)
Tech Stocks to Buy Now – Facebook
Facebook Inc (FB) is a social media stock that all investors should know. FB shares are up about 43% so far this year on strong results, as evidenced by a perfect score in my Turner Analytics tool for both quarter-over-quarter revenue growth and quarter-over-quarter earnings growth.
Facebook Inc (FB)
Tech Stocks to Buy Now – F5 Networks
F5 Networks, Inc. (FFIV) is classified as a tech infrastructure play, mainly involved in software platforms that help optimize network traffic and keep access secure. FFIV stock is up about 46% so far this year on strong results, and my Turner Analytics tool predicts future upside with a strongly bullish chart emerging at the very end of October for F5 Networks.
The technical signal is very strong, with a perfect score of 35 out of 35. Equally compelling for FFIV stock is that both the broader tech sector as well as its secondary industry of Business Software & services are in “bull mode.”
F5 Networks, Inc. (FFIV)
Tech Stocks to Buy Now – Groupon
Groupon Inc (GRPN) didn’t exactly post amazing results, with earnings at the end of October full of mixed messages. However, despite a decline of almost 40% year-to-date, GRPN stock has been drawing a very solid chart lately with technical signals since mid-November looking very strong.
My current technical signal via Turner Analytics hints at a bargain buying opportunity.
Groupon Inc (GRPN)
Tech Stocks to Buy Now – Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Company Limited (TSM) is, as the name implies, a semiconductor manufacturer located in Taiwan. TSM shares are up about 28% on the year thanks to stronger-than-expected PC sales that have lifted the entire chip-making sector, and TSM is no exception.
Since mid-November, there has been a strong technical signal in Turner Analytics for TSM stock. So, consider snapping up TSM stock before it breaks out.
Taiwan Semiconductor Manufacturing Company Limited (TSM)
Mike Turner and his team of software engineers developed Turner Analytics, a sophisticated software market and trade-timing system that provides unbiased, quantifiable recommendations on thousands of equities and rates, ranks and scores these equities from best to worst in an easy-to-use on-line tool for individual investors. He is also the editor of Signal Investor.