The stock market, moving ever higher at a moderate pace, has finally made a confirmed upside move, observes Stephen Quickel, editor of US Investment Report.
This is the signal we've awaited to begin redeploying the large balances of idle cash held by our model portfolios since March.
Several of our new recommendations are in the technology sector.
Here are thumbnails of what we like about some of the less-well-known new selections:
Lam Research (LRCX)
Lam is an established provider of semiconductor processing equipment, with revenues of $4.5 billion, aided by the 2012 acquisition of Novellus Systems. Analysts look for 30%-plus annual earnings growth. Valuations are quite moderate.
Microsemi Corp. (MSCC)
A previous recommendation of ours that performed well in 2013, MSCC provides analog and mixed-signal semiconductors and appears ready to rise again from a lower price base and modest valuation ratios, with eight of ten analysts rating it a strong buy or buy.
Open Text Corp. (OTEX)
Having doubled from $23 in mid-2012 to $51 this February, but now available at $46-47, the Ontario-based company specializes in management and organizational software. With a P/E of 12 and a PEG 0.88, analysts see the price headed for $56.
Super Micro Computer (SMCI)
San Jose-based SMCI provides enterprise, datacenter, and cloud computing hardware to original equipment suppliers, distributors, and end users using processors from Intel (INTC), Nvidia (NVDA), and Advanced Micro Devices (AMD).
With low valuation ratios, this sometimes volatile small-cap is staging its third 2014 breakout attempt.
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