Technology stocks have surged since the November 2016 election, with the Nasdaq approaching 6,000 on increased investor optimism, strengthening economic data and better corporate profits.
Research firm Credit Suisse has put together a list of 140 "top ideas" covered by their analysts, using several parameters to weed out weaker companies and pick only the best ideas.
1.Apple
- Market capitalization - $ 728.3 billion
- Current share price - $ 139.4
- Estimated cost - $ 150
Credit Suisse analyst Kulbinder Garcha thinks Apple has a lot going for it, including its growing Services business.
2. Facebook
- Market capitalization - $ 402.6 billion
- Current share price - $ 138.79
- Estimated cost - $ 170
Stephen Ju believes that despite the delay, the company will be able to achieve better revenue.
3. KLA-Tencor
- Market capitalization - $ 14.7 billion
- Current share price - $ 93.20
- Estimated cost - $ 196
Farhan Ahman said that the company may increase its revenues more than 5% annually.
4. Priceline
- Market capitalization - $ 86.5 billion
- Current share price - $ 1,754,24
- Estimated cost - $ 1.935
The online travel agency has great prospects according to analyst Paul Bieber.
5. Global Payments
- Market capitalization - $ 12 billion
- Current share price - $ 79.14
- Estimated cost - $ 86
Paul Condra that the management team will successfully control the cost of acquisition of Heartland Payment Systems.
6. Micron
- Market capitalization - $ 27.5 billion
- Current share price - $ 25.18
- Estimated cost - $ 30
Credit Suisse analyst John Pitzer is positive on Micron's potential for its strategic value.
7. The Ultimate Software Group
- Market capitalization - $ 5.9 billion
- Current share price - $ 196.67
- Estimated cost - $ 260
Michael Nemeroff was encouraged by the growth of 25% in revenues compared to the same period of the previous year.
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