Back to top

Why Garmin (GRMN) is a Strong Tech Stock to Buy

Read MoreHide Full Article

Garmin (GRMN - Free Report) is famous for its in-car GPS devices, fitness trackers, and smartwatches that compete against the likes of Apple (AAPL - Free Report) , Fitbit (FIT - Free Report) , and others. The company also sells a ton of other higher-end products from fish finders to radars for aviation and boating.

GRMN topped our Q3 estimates in October and raised its sales and EPS guidance. The company also introduced its new Autoland system that will “control and land the aircraft without human intervention” in the event of an emergency. Then on Monday, Garmin announced its new dual-lens “Dash Cam Tandem,” which could be a hit in the Uber (UBER - Free Report) age.

Shares of GRMN have surged 23% in the past three months and 51% over the last year to crush its industry’s 36% average climb. The GPS firm’s jump makes its current 2.33% dividend yield all the more impressive.

Garmin is currently a Zacks Rank #1 (Strong Buy) and its industry rests in the top 10% of our more than 250 Zacks industries. Looking ahead, Garmin’s full-year 2019 sales are projected to jump 9.2% to reach $3.65 billion to help lift earnings by 13%.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Apple Inc. (AAPL) - free report >>

Fitbit, Inc. (FIT) - free report >>

Garmin Ltd. (GRMN) - free report >>

Uber Technologies, Inc. (UBER) - free report >>