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7 Stocks Smart Investors Are Buying After CES

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7 Stocks Smart Investors Are Buying After CES

The 2016 CES in Las Vegas displayed the latest technology from leading innovators around the world, and ROTH Capital Partners analyst Brain Alger witnessed the spectacle firsthand.

According to Alger, the biggest themes of this year’s event were Internet-of-Things, health and fitness wearables, virtual reality an augmented reality, droves, autonomous vehicles and HDR video. Conversely, interest in maturing technologies such as smartphones and HDTV appeared weak.

Related Link: Munster Says Apple Prefers Competition Rather Than Acquisition Of Fitbit, GoPro

“All the companies had positive comments on the higher margin, more ‘sticky’ nature of design wins in the Internet-of-Things market,” Alger explains. However, he cautioned that the young market remains extremely fragmented and unpredictable.

Slowing smartphone demand and concerns over economic weakness in China has hurt semiconductor stocks in recent weeks, but ROTH sees plenty of buying opportunities for investors.

Following CES, ROTH has buy ratings on the following stocks: Digital Turbine Inc (NASDAQ: APPS), GigOptix Inc (NYSE: GIG), Intel Corporation (NASDAQ: INTC), InvenSense Inc (NYSE: INVN), MaxLinear, Inc. (NYSE: MXL), Pixelworks, Inc. (NASDAQ: PXLW) and QuickLogic Corporation (NASDAQ: QUIK).

Disclosure: the author holds no position I the stocks mentioned.

Latest Ratings for APPS

DateFirmActionFromTo
Aug 2020Canaccord GenuityMaintainsBuy
Jul 2020Ladenburg ThalmannDowngradesBuyNeutral
Jun 2020OppenheimerInitiates Coverage OnOutperform

View More Analyst Ratings for APPS
View the Latest Analyst Ratings

 

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