Best High Tech Stocks To Invest In 2019

tags:JRVR,BKE,MYOK,ARDX,

Cypress Semiconductor's (NASDAQ:CY) business looked precarious the last couple of years. As part of a strategy to enter the lucrative Internet of Things (IoT) industry, profits were sacrificed in order to generate sales growth and a bigger payoff down the road. After several years of running in the red, it looks like 2018 could be the year Cypress begins to reap the rewards of its gamble.

What a difference a year makes

The first quarter of 2018 was quite different from a year ago. Cypress Semiconductor showed a return to bottom-line profits in the first quarter.

Metric

Q1 2018

Q1 2017

Change (YOY)

Revenue

$582.2 million

$531.9 million

9.5%

Gross profit margin

36.5%

29.5%

N/A

Operating profit (loss) margin

6.1%

(2.6%)

Best High Tech Stocks To Invest In 2019: James River Group Holdings, Ltd.(JRVR)

Advisors' Opinion:

• [By Max Byerly]

  James River Group (NASDAQ:JRVR) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Best High Tech Stocks To Invest In 2019: Buckle, Inc. (BKE)

Advisors' Opinion:

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Zoe's Kitchen, Inc. (NYSE: ZOES) fell 27.8 percent to $10.45 in pre-market trading after the company reported weaker-than-expected earnings for its first quarter. The company also lowered its FY18 sales outlook from $358million-$368 million to $345 million-$352 million. Hibbett Sports, Inc. (NASDAQ: HIBB) shares fell 15.6 percent to $24.50 in pre-market trading after the company reported weaker-than-expected results for its first quarter. Rockwell Medical, Inc. (NASDAQ: RMTI) fell 15.5 percent to $5.02 in the pre-market trading session after the company disclosed that its President and CEO Robert Chioini was terminated. BG Staffing Inc (NYSE: BGSF) shares fell 12.7 percent to $19.00 in pre-market trading after reporting a common stock offering. 8x8, Inc. (NASDAQ: EGHT) fell 9.3 percent to $20.00 in pre-market trading after reporting downbeat quarterly earnings. Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) fell 7.7 percent to $2.35 in pre-market trading after rising 3.88 percent on Thursday. Gap, Inc. (NYSE: GPS) shares fell 7.5 percent to $30.49 in pre-market trading after the company posted downbeat earnings for its first quarter on Thursday. Comps were up 1 percent in the quarter. California Resources Corporation (NYSE: CRC) fell 6.4 percent to $33.91 in pre-market trading. Buckle Inc (NYSE: BKE) fell 4.9 percent to $24.50 in pre-market trading following weak quarterly sales. China Rapid Finance Limited (NYSE: XRF) shares fell 4.9 percent to $3.13 in pre-market trading after climbing 11.53 percent on Thursday. Ross Stores, Inc. (NASDAQ: ROST) fell 4.8 percent to $78.98 in pre-market trading. Ross Stores reported upbeat earnings for its first quarter, but issued weak forecast for the current quarter. Callon Petroleum Company (NYSE: CPE) shares fell 4.7 percent to $11.90 in pre-market trading after the company reported pricing of common
• [By Taylor Cox]

  Notable Earnings

  Foot Locker, Inc (NYSE: FL) Q1 premarket The Buckle, Inc (NYSE: BKE) Q1 premarket

  FDA/Biotech

  BioMarin Pharmaceutical Inc (NASDAQ: BMRN) PDUFA date for Pegvaliase

  IPOs

• [By Garrett Baldwin]

  We're about to reveal a little wealth secret that could unlock the trade of a lifetime.�Money Morning�Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead.�Read more right here.

  The Top Stock Market Stories for Friday Meanwhile, the United States will continue to meet with China to discuss ways to accelerate a deal between the two nations on trade. U.S. Commerce head Wilbur Ross will be visiting the nation next month to lead the next round of talks. Last weekend, the two nations agreed in principle to avoid a trade war. Here's the thing… the U.S. government doesn't want you to know the full story of what is happening. Here's a look at the backroom details…. U.S. crude oil prices slumped below $70 per barrel Friday thanks to reports out of Russia on its plans to hike production. Russia says it may increase production as part of a plan to ease portions of its deal with OPEC to cap excessive global output. Oil traders have long suspected that Russia would be one of the first countries to turn away from the ongoing deal with Saudi Arabia and the rest of the global oil cartel as soon as prices and inventory levels stabilized. This could be a blow to predictions among OPEC nations, as well as some traders who were hoping that oil could push back toward $100 per barrel. Three Stocks to Watch Today: FL, NFLX, AMZN Foot Locker Inc.�(NYSE: FL) leads a light day of earnings reports. Shares of the shoe retailer popped 13% after the firm reported earnings per share (EPS) of $1.45. Wall Street had anticipated EPS of just $1.24. The retailer benefited from stronger same-store sales and higher revenue, which also beat Wall Street expectations. On Thursday, Netflix Inc. (Nasdaq: NFLX) surpassed The Walt Disney Co.�(NYSE: DIS) in market capitalization to become the most valuable media property on the planet. It's worth noting, however, that Netflix's market capitalization of $163 billion

Best High Tech Stocks To Invest In 2019: MyoKardia, Inc.(MYOK)

Advisors' Opinion:

• [By Logan Wallace]

  Shares of Myokardia Inc (NASDAQ:MYOK) have been assigned an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $69.50.

• [By Shane Hupp]

  Get a free copy of the Zacks research report on MyoKardia (MYOK)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best High Tech Stocks To Invest In 2019: Ardelyx, Inc.(ARDX)

Advisors' Opinion:

• [By Shane Hupp]

  Ardelyx (NASDAQ: ARDX) and KITOV PHARMA LT/S (NASDAQ:KTOV) are both small-cap medical companies, but which is the superior business? We will compare the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, earnings, institutional ownership and dividends.

• [By Ethan Ryder]

  ValuEngine upgraded shares of Ardelyx (NASDAQ:ARDX) from a sell rating to a hold rating in a research report sent to investors on Friday.

  Several other research analysts have also weighed in on ARDX. BidaskClub lowered Ardelyx from a buy rating to a hold rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Ardelyx from a buy rating to a hold rating in a research report on Friday, February 2nd. Cantor Fitzgerald set a $12.00 price target on Ardelyx and gave the company a buy rating in a research report on Monday, February 12th. Wedbush reissued an outperform rating on shares of Ardelyx in a research report on Thursday, March 15th. Finally, Leerink Swann reissued an outperform rating and set a $13.00 price target on shares of Ardelyx in a research report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $13.08.

• [By Lisa Levin]

  Ardelyx, Inc. (NASDAQ: ARDX) was down, falling around 13 percent to $3.95. Ardelyx priced its 12.5 million share offering at $4.00 per share.

  Commodities

• [By Lisa Levin]

  Check out these big penny stock gainers and losers

  Losers Forward Pharma A/S (NASDAQ: FWP) fell 15.2 percent to $3.51 in pre-market trading after surging 88.18 percent on Tuesday. Pfenex Inc. (NASDAQ: PFNX) shares fell 15 percent to $5.85 in pre-market trading after the company announced an offering of common stock. Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) fell 17.6 percent to $47.75 in pre-market trading after the company reported downbeat results for its first quarter and issued a weak earnings forecast for the second quarter. Container Store Group, Inc. (NYSE: TCS) fell 13 percent to $7.15 in pre-market trading after reporting weaker-than-expected earnings for its fourth quarter. Ardelyx, Inc. (NASDAQ: ARDX) shares fell 12.1 percent to $4.00 in pre-market trading after reporting pricing of public offering of common stock. Boston Scientific Corporation (NYSE: BSX) shares fell 9.8 percent to $27.31 in pre-market trading. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) fell 6.5 percent to $6.60 in pre-market trading. Target Corporation (NYSE: TGT) shares fell 5.8 percent to $71.02 in pre-market trading. Target reported weaker-than-expected earnings for its first quarter, while sales exceeded estimates. PBF Energy Inc. (NYSE: PBF) shares fell 5.7 percent to $42.42 in pre-market trading
• [By Ethan Ryder]

  Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

  Get Ardelyx alerts: are spangling Stocks: Ardelyx, Inc. (NASDAQ:ARDX), A10 Networks, Inc. (NYSE:ATEN), Synthesis Energy Systems, Inc … (journalfinance.net) Are Clear skies ahead for Ardelyx, Inc. (ARDX) and Penn National Gaming, Inc. (PENN)? (nmsunews.com) Stocks Buzz -: Northern Dynasty Minerals Ltd. (NYSE:NAK), Ardelyx, Inc. (NASDAQ:ARDX) (journalfinance.net) Momentum Stocks in Focus- Ardelyx, Inc. (NASDAQ:ARDX), Camber Energy, Inc. (NYSE:CEI), S&W Seed Company … (journalfinance.net) Extremely Informative Stocks: Ardelyx, Inc. (NASDAQ:ARDX), Zomedica Pharmaceuticals Corp. (NYSE:ZOM), Genetic … (thestreetpoint.com)

  Ardelyx stock traded down $0.03 on Thursday, reaching $3.85. 12,539 shares of the stock were exchanged, compared to its average volume of 1,107,257. The firm has a market cap of $186.84 million, a price-to-earnings ratio of -2.81 and a beta of 0.73. Ardelyx has a twelve month low of $3.75 and a twelve month high of $8.65.

• [By Max Byerly]

  Here are some of the news headlines that may have impacted Accern’s analysis:

  Get Ardelyx alerts: Short Interest in Ardelyx Inc (ARDX) Decreases By 55.8% (americanbankingnews.com) Key Aspects to Watch Out: Ardelyx, Inc. (ARDX) (connectinginvestor.com) What Analyst Recommend? Ardelyx, Inc. (ARDX) stock is worth at $ $3.95 (nasdaqfortune.com) Hot Stock to Track �� Ardelyx Inc (NASDAQ: ARDX) (stocksmarketcap.com) Ardelyx, Inc. (ARDX) �� Well known Mover to Watch (nasdaqfortune.com)

  Several analysts have commented on ARDX shares. ValuEngine raised Ardelyx from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 23rd. Zacks Investment Research lowered Ardelyx from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. BidaskClub raised Ardelyx from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Leerink Swann reissued an “outperform” rating and issued a $13.00 price objective on shares of Ardelyx in a research report on Monday, March 19th. Finally, Cantor Fitzgerald set a $12.00 target price on Ardelyx and gave the company a “buy” rating in a research note on Saturday, March 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Ardelyx presently has a consensus rating of “Buy” and a consensus price target of $13.08.