Cramer has been suggesting that tech stocks may hit a seasonal low in the next few weeks, so it makes sense to take a closer look at what tech stocks Cramer might be telling investors to buy in the near future. Like many investors, Cramer believes that the later part of September is historically one the best times to buy tech stocks.
Here is a closer look at some of the stocks Cramer seems to like now, and could be recommending heavily in late September and October. Because the market has been prone to dropping frequently, I would look to buy some of these stocks when they are down:
NVIDIA Corporation (NVDA) is a leading maker of 3D graphics chips for the computer industry. This stock traded around $19 a couple of months ago, then fell to about $12.50 during the market correction and is now starting to rebound. The demand for NVIDIA products is only likely to rise as consumers seek higher-end graphics on all technology products.
Here are some key points for NVDA:
Current share price: $15.26
The 52 week range is $10.30 to $26.17
Earnings estimates for 2011: $1
Earnings estimates for 2012: $1.15
Annual dividend: none
Juniper Networks, Inc. (JNPR) is a leading maker of networking equipment. Juniper competes with Cisco Systems (CSCO) and it seems to be going through some of the same problems that Cisco has been dealing with for months. While this stock has potential, Cisco looks like a better value to me. Juniper is trading near the 52 week low so it's not clear if this company has hit bottom yet, whereas Cisco seems to have put in a solid bottom already.
Here are some key points for JNPR:
Current share price: $21.57
The 52 week range is $19.37 to $45.01
Earnings estimates for 2011: $1.29
Earnings estimates for 2012: $1.58
Annual dividend: none
Apple Computer, Inc. (AAPL) is a maker of the popular iPhone, iPad, Mac computer and more. This company appears to be pure genius with Steve Jobs at the helm. This stock is likely to be a great long term investment on any dips. Consumer demand remains strong for almost every product made by Apple, and a correction or recession is not likely to hold this stock back for too long.
Here are some key points for AAPL:
Current share price: $389.14
The 52 week range is $235.56 to $404.50
Earnings estimates for 2011: $27.41 per share
Earnings estimates for 2012: $32.12 per share
STMicroelectronics (STM) is a maker of semiconductors, based in Europe. This stock was trading over $9 just a few weeks ago and appear to be oversold. The P/E ratio is trading for less than 10 times earnings and below book value of $9.17.
Here are some key points for STM:
Current share price: $6.51
The 52 week range is $5.61 to $13.53
Earnings estimates for 2011: 68 cents per share
Earnings estimates for 2012: 87 cents per share
Annual dividend: 34 cents per share which yields 5.8%
Marvell Technology Group, Inc. (MRVL) makes a variety of technology products including storage, wireless and processors. Marvell recently announced strong earnings and the stock might have put in a solid bottom.
Here are some key points for MRVL:
Current share price: $14.81
The 52 week range is $13.87 to $22.01
Earnings estimates for 2011: $1.48 per share
Earnings estimates for 2012: $1.62 per share
Annual dividend: none
Broadcom (BRCM) is a leading maker of technology products and software. This stock has come down from recent highs of about $37, as well as the 52 week high around $47. This stock looks like a solid buy on any dips to about $32 per share.
Here are some key points for BRCM:
Current share price: $34.36
The 52 week range is $30.71 to $47.39
Earnings estimates for 2011: $2.96 per share
Earnings estimates for 2012: $3.10 per share
Annual dividend: 36 cents per share which yields 1%
Google, Inc. (GOOG) offers a wide variety of online products and services ranging from advertising online to email, maps, and more. Google has been one of the leading innovators in the Internet sector and that should continue. Google is probably one of the lowest risk ways to play technology.
Here are some key points for GOOG:
Current share price: $529.67
The 52 week range is $473.02 to $642.96
Earnings estimates for 2011: $35.45
Earnings estimates for 2012: $42.02
Annual dividend: none
Data is sourced from Yahoo Finance. No guarantees or representations are made. Hawkinvest is not a registered investment advisor and does not provide specific investment advice. The information is for informational purposes only. You should always consult a financial advisor.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
