5 Top-Ranked Value Tech Stocks To Add To Your Portfolio
Zacks Investment Research | Sep 10, 2019 10:00PM ET
Technology stocks have been among the best performers to-date in 2019. This is evident from the fact that Technology Select Sector SPDR ETF (NYSE:XLK) has returned 30.5% year to date. The tech’s upward journey is far from over.
The last few years have witnessed a series of breakthroughs in cloud computing, predictive analysis, AI, self-driving vehicles, digital personal assistants and IoT. Moreover, accelerated deployment of 5G technology — the next wireless revolution — is likely to create more opportunities. This will significantly raise demand for high-tech handheld gadgets and microprocessors.
However, the ongoing U.S.-China trade war and a slowing China economy are potent challenges.
That said, value investing is easily one of the most popular ways to find great stocks in any market environment. It is definitely one of the easiest ways to find stocks that are either flying under the radar and are compelling buys, or offer tantalizing discounts when compared to fair value.
So, we have highlighted five value technology stocks with solid fundamentals that may prove to be the best options for investors in the months ahead.
Strategy to Pick Stocks
With the help of style score system . Our research shows that stocks with a Value Style Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best opportunities in the value-investing space.
Each of our picks has a Zacks Rank #1 or 2 and a Value Score of A.
Our Picks
Anixter International ( (NYSE:AXE) ) is a leading global distributor of network, security, electrical, and utility power products and services.
It sports a Zacks Rank #1. The company outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average positive earnings surprise being 14%. It has an expected earnings growth rate of 18.87% for the current year.
The stock has returned 23.1% on a year-to-date basis.
Anixter International Inc. Price and Consensus
Micron (NASDAQ:MU) is one of the one of the leading worldwide providers of semiconductor memory solutions. It is likely to benefit strongly from 5G adoption, advent of the foldable phones and advanced cameras.
It has a Zacks Rank #2. The company outpaced the Zacks Consensus Estimate in three of the trailing four quarters, the average positive earnings surprise being 10.29%.
The stock has gained 55.7% on a year-to-date basis.
Micron Technology, Inc. Price and Consensus
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