Last week marked the third week of losses out of four in the U.S. markets. This morning, we're getting the week started on the right foot, with the S&P 500 (SNPINDEX: ^GSPC ) and the narrower, price-weighted Dow Jones Industrial Average (DJINDICES: ^DJI ) up 0.94% and 1.01%, respectively, at 10:05 a.m. EDT.
The Federal Open Market Committee begins a key two-day meeting tomorrow. As such, Fed-watchers and investors are scrutinizing this morning's Empire State Manufacturing Survey for June. The index of general business conditions rose nine points to 7.8, substantially greater than expectations of zero (a positive figure indicates expansion). However, "most other indicators in the survey fell," including the index for the number of employees, which dropped to zero, and that for the average workweek. Indexes for the six-month outlook also declined. All told, the report offers mixed signals on the economy at best.
Three tocks on the market's radar
Shares of No. 2 microprocessor maker AMD (NYSE: AMD ) are up 3.4%, almost certainly due to a positive Barron's article that ran on Saturday, proclaiming: "AMD Could Double, Helped By Its Strategy." The thrust of the article is that AMD's 2012 acquisition of SeaMicro has been critical in opening up a new market opportunity: Server and micro-server chips. Intriguing as that may sound, the notion that the stock could double comes from a hedge fund manager who is quoted in the article. For that to happen would require -- among other assumptions -- 30% revenue growth by 2015.
Best High Tech Stocks To Invest In 2014: GSI Group Inc.(GSIG)
GSI Group Inc. designs, develops, manufactures, and sells laser-based solutions, laser scanning devices, and precision motion and optical control technologies worldwide. The company?s Laser Products segment provides lasers and laser-based systems for photonics-based applications, such as cutting, welding, marking, engraving, micro-machining, and scientific research. Its Precision Motion and Technologies segment designs, manufactures, and markets air bearing spindles, encoders, thermal printers, laser scanning devices, and light and color measurement systems to original equipment manufacturers. The company?s Semiconductor Systems segment offers laser based production systems for semiconductor, microelectronics, and electronics manufacturing. This segment?s products comprise WaferRepair for dynamic random access memory, flash memory chips, and LCDs; WaferMark for silicon suppliers and integrated circuit factories; and WaferTrim and Circuit Trim for analog and mixed signal sensor and chip resistor devices, as well as for resistor devices. The company sells its products primarily through direct sales force, resellers, distributors, and system integrators. It serves industrial, electronics, automotive, medical, packaging, aerospace, scientific, semiconductor, lighting, military, and motion picture markets. The company was formerly known as GSI Lumonics Inc. and changed its name to GSI Group Inc. in 2005. GSI Group Inc. was founded in 1970 and is based in Bedford, Massachusetts.
Advisors' Opinion:- [By Eric Volkman]
Electro Scientific Industries (NASDAQ: ESIO ) has a new division under its corporate wing. The company has inked a definitive agreement to purchase the semiconductor systems unit of GSI Group (NASDAQ: GSIG ) . The terms of the deal were not disclosed.
Best High Tech Stocks To Invest In 2014: Reno De Medici(RDM.MI)
Reno de Medici S.p.A. engages in the production and distribution of cartonboard made of recycled fiber in Italy, Spain, Germany, France, and the United Kingdom. Its products are used for packaging and binding applications. The company was formerly known as Cartiera del Reno and changed its name to Reno De Medici S.p.A. in 1986. Reno De Medici S.p.A. was founded in 1967 and is based in Milan, Italy.
Top 10 Low Price Stocks To Invest In Right Now: NRG Energy Inc.(NRG)
NRG Energy, Inc., together with its subsidiaries, operates as a wholesale power generation company. The company engages in the ownership, development, construction, and operation of power generation facilities. It also involves in the transacting in and trading of fuel and transportation services; the trading of energy, capacity, and related products in the United States and internationally; and the supply of electricity, energy services, and cleaner energy and carbon offset products to retail electricity customers in deregulated markets. The company operates natural gas- fired, coal- fired, oil-fired, nuclear, solar, and wind power plants. As of December 31, 2010, it had power generation portfolio of 193 operating fossil fuel and nuclear generation units with an aggregate generation capacity of approximately 24,570 megawatt (MW), as well as ownership interests in renewable facilities with an aggregate generation capacity of 470 MW. The company portfolio also includes appr oximately 24,035 MW generation capacity in the United States, and 1,005 MW generation capacity in Australia and Germany. In addition, it has a district energy business with steam and chilled water capacity of approximately 1,140 megawatts thermal equivalent. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.
Advisors' Opinion:- [By Sara Murphy]
Liebreich had, perhaps, the warmest praise for NRG Energy (NYSE: NRG ) , describing the company as a model of resilience. "NRG is trying to cannibalize its core business model," said Liebreich. Presciently, the company "would rather cannibalize itself than push back and defend against others." NRG, the biggest power provider to U.S. utilities, has begun providing electricity directly to consumers, bypassing its traditional clients. NRG has gotten into the rooftop solar business for both residential and commercial customers, and intends eventually to offer natural-gas generators to pick up the slack when the sun don't shine. And that, my friend, is what we call a paradigm shift.
Best High Tech Stocks To Invest In 2014: Electromed Inc.(ELMD)
Electromed, Inc. engages in the manufacture, marketing, and sale of airway clearance therapy products. It offers Electromed SmartVest airway clearance system with a pneumatic therapy garment and an electronic pulse generator, which generates high frequency chest wall oscillation to patients suffering from cystic fibrosis, chronic obstructive pulmonary disease, bronchiectasis, and repeated episodes of pneumonia. The company also provides Electromed Single Patient Use Vest, a vest that is used for patients undergoing institutional treatment; and Electromed SmartVest Wrap for patients recovering from surgery and short-term illnesses. Electromed, Inc. sells its products to home health care markets, hospitals, clinics, and pulmonary rehabilitation centers, as well as to post-surgical and intensive care patients at risk of developing pneumonia, patients with end-stage neuromuscular disease, and ventilator-dependent patients in North America and internationally. The company was f ounded in 1992 and is headquartered in New Prague, Minnesota.
Best High Tech Stocks To Invest In 2014: Wilshire Bancorp Inc.(WIBC)
Wilshire Bancorp, Inc. operates as the holding company for Wilshire State Bank that offers a range of financial products and services. It accepts various deposit products that include certificates of deposit, regular savings accounts, money market accounts, checking and negotiable order of withdrawal accounts, installment savings accounts, and individual retirement accounts. The company?s loan portfolio comprises commercial real estate and home mortgage loans, commercial business lending and trade finance, and small business administration lending, as well as consumer loans, including personal loans, auto loans, and other loans. It also provides trade finance services that include issuance and negotiation of letters of credit, handling of documentary collections, advising and negotiation of commercial letters of credit, transfer and issuance of back-to-back letters of credit, and trade finance lines of credit. In addition, the company offers Internet banking services, auto matic teller machines, and armored carrier services. It has 24 full-service branch offices in Southern California, Texas, New Jersey, and the greater New York City metropolitan area; and 6 loan production offices in Colorado, Georgia, Texas, New Jersey, and Virginia. The company was founded in 1980 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Rich Smith]
Los Angeles-based Wilshire Bancorp (NASDAQ: WIBC ) is acquiring some Korean banking customers... in New Jersey.
On Monday, Wilshire announced that it has signed a definitive agreement to acquire�New Jersey's BankAsiana, a commercial bank�with three branches serving the Korean-American community in the New York/New Jersey market, boasting total assets of $207.3 million, total net loans of $161.2 million, and total deposits of $164.6 million.
Best High Tech Stocks To Invest In 2014: INSPIREMD INC(NSPR.OB)
InspireMD, Inc., a medical device company, engages in the development and commercialization of stent platform technology in Israel. The company provides MGuard, a stent platform that offers embolic protection in stenting procedures by placing a micron mesh sleeve over a stent. It offers its products for use in patients with acute coronary syndromes, primarily acute myocardial infarction and saphenous vein graft coronary interventions. The company?s products include MGuard Coronary that comprises a mesh sleeve wrapped around a bare-metal stent; MGuard Prime, which include its mesh sleeve wrapped around a cobalt-chromium stent; and MGuard Coronary with a drug eluting mesh that provides bio-absorbability and uniform drug therapy management. It sells its products through distributors in Europe, Asia, and Latin America. The company was founded in 2005 and is headquartered in Tel Aviv, Israel.
Best High Tech Stocks To Invest In 2014: Avino Silver & Gold Mines Ltd. (ASM.V)
Avino Silver & Gold Mines Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It primarily explores for gold, silver, copper, zinc, and lead deposits. The company holds interest in the Avino Silver mine covering approximately 4,364 hectares located in Durango, Mexico. It also owns 100% interest in the Eagle property located in the Yukon, Canada; and the Aumax, Olympic-Kelvin, and Minto properties situated in British Columbia, Canada. Avino Silver & Gold Mines Ltd. was founded in 1968 and is headquartered in Vancouver, Canada.
Best High Tech Stocks To Invest In 2014: Linde AG (LING.DE)
Linde AG is a German company engaged in the gases and engineering sector. It operates two divisions: Gases and Engineering, as core divisions, as well as Gist. The Gases Division includes Healthcare, producing medical gases; and Tonnage, as its two global business units; as well as the two business areas Merchant and Packaged Gases, offering liquefied and cylinder gases, and Electronics. The Company�� products are used in the energy sector, for steel production, chemical processing, environmental protection and welding, as well as in food processing, glass production and electronics. The Engineering division offers planning, project development and construction of turnkey industrial plants used in fields, such as petrochemical and chemical industries, in refineries and fertilizer plants, to recover air gases, to produce hydrogen and synthesis gases, to treat natural gas, and in the pharmaceutical industry. As of August 13, 2012, the Company acquired Lincare Holdings Inc.
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