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This Week's Top Growth & Income Stocks

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Intel (INTC - Free Report)

Intel is one of the largest chipmakers in the world. They lost the top spot to Samsung recently. They are currently undergoing transformation from a PC-centric company to a data-centric company as they increase their presence in high growth areas like data centers, self-driving cars, artificial intelligence and the Internet of Things. They announced the acquisition of Israeli tech company Mobileye, which makes sensors for autonomous cars, earlier this year.

The company reported last week, beating on both the top and bottom lines and also raising the guidance for the year. Estimates have surged after better-than-expected results and upgraded guidance.

The stock has a Zacks Rank #2 (Buy) and a VGM Score of “A”. Industry is in the top 5%. Additionally, the stock has a juicy dividend yield of 3% and is currently trading at a reasonable valuation of 12.2 times forward earnings.

Potlatch (PCH - Free Report)

Potlatch is a timber REITs. They own approximately 1.6 million acres of forestland and are among the top lumber manufacturers in the US. Of all timber REITs, Potlatch has highest leverage to lumber prices.

Lumber prices have been soaring this year, mainly due to trade dispute between the US and Canada over softwood lumber imports from Canada and forest fires in British Columbia. Surge in the Canadian loonie has also impacted shipments from Canada.

They reported excellent results last week. Estimates for the current and next year have been moving in the right direction, sending the stock to a Zacks Rank #1. Industry is in the top 18%.

Being a REIT, PCH has a juicy dividend yield of 3.1%. The company has also been returning a lot of cash to shareholders via buybacks.

More Stock News: Tech Opportunity Worth $386 Billion in 2017

From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.

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Intel Corporation (INTC) - free report >>

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