Cryptocurrencies, as well as familiar technology and automotive giants—some of which made major announcements during last week’s Consumer Electronics Show in Las Vegas—have dominated 2018 so far.
The likes of Kodak Company —and its new photography-centered cryptocurrency—might have already caught some investors’ eyes as they begin to tinker with their portfolios in the New Year. Many other investors are likely looking for the next big tech stock poised to make a Nvidia (NVDA - Free Report) -like run in 2018.
But investors searching for new and different picks early this year might consider looking at companies that have already experienced solid gains in 2018.
With that said, let’s take a look at three companies that saw their stock prices surge on Monday:
1. NETGEAR, Inc. (NTGR - Free Report)
This networking technology company provides home connectivity solutions including Wi-Fi and home security tech. Shares of Netgear surged over 3% on Monday to a hit new 52-week and all-time high of $65.55 per share. Netgear stock closed at $65.40 per share. Before today’s gains, Netgear had seen its stock price climb 32.93% in the last 12-weeks.
Netgear is currently a Zacks Rank #2 (Buy) and sports an “A” Grade for Value in our Style Scores system, which helps it earn an overall “B” VGM score. The company’s 1.49 P/S ratio marks a discount compared to the “Computer – Networking” industry average. Netgear’s current cash flow growth rate of 22.96% is also outstanding and should help the firm invest in new technology. Looking ahead, the company is expected to see its Q4 sales jump 5.11%, based on our currentZacks Consensus Estimate.
2. Marvell Technology Group Ltd. (MRVL - Free Report)
Shares of Marvell Technology, which designs and develops mixed-signal and digital signal processing integrated circuits, popped nearly 3% on Monday as it closed in on its 52-week high. Before Monday’s jump, Marvell stock had surged nearly 30% in the last 12 weeks and 10.12% in the last 4 weeks alone.
Marvell is currently a Zacks Rank #2 (Buy) and rocks a “B” grade for Growth in our Style Scores system. Our current Zacks Consensus Estimates are calling for the company’s fiscal fourth quarter 2018 earnings to soar 40.91% year-over-year and reach $0.31 per share. For Marvell’s full fiscal year 2018, the company is projected to see its EPS skyrocket 88.89%.
Investors might also be happy to note that within the last 60 days, Marvell has received nine upward earnings estimate revisions for its current quarter against no downgrades. Within this same time frame, the company earned 12 upward revisions and zero downgrades for the full year. Looking even farther down the road, the tech firm is expected to expand its EPS figures at an annualized rate of 16.33% over the next three to five years.
3. TripAdvisor, Inc. (TRIP - Free Report)
Shares of this travel planning and booking giant gained 3.57% on Monday as the company begins to crawl back to life. Before today’s climb, shares of TripAdvisor had plummeted nearly 30% in the last 52-weeks, including a 9.73% dip over the last 12 weeks. Currently, TripAdvisor is a Zacks Rank #2 (Buy).
Looking forward the company expects to bolster its non-hotel business. Last quarter, the company’s non-hotel revenues grew 26% year-over-year, led by substantial gains in its “Attractions and Restaurants” business.
Another positive sign for investors is that the website and app based firm saw its monthly unique visitors jump 17% last quarter. The company is also expected to see its bottom-line expand at a solid rate for years to come, as TripAdvisor is expected to grow its EPS figures at an annualized rate of 18% over the next three to five years.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>