MARKET HEADLINES
- Bonds Turn Higher Following Warning About Consumer 'Stress'
- Morgan Stanley Raises $4 Billion for Infrastructure
- Energy Stocks, HSBC Lead Markets Higher
- Oil Is Nearing $126 Again As US Dollar Pares Gains
- Strong Dollar Lifts Asian Markets, Japan Ends Higher
- Stocks Close Lower on Record Oil, AIG Loss
- Soybeans Surge, Corn Gains After Crop Report
- Stock Picks to Make You Stay in May
- AIG Drags on Dow; Energy Stocks Fall
- Bonds Gain as AIG Renews Fears Over Credit
- Applied Industrial shares rise after upgrade
- Analyst says Circuit City, Blockbuster may fit well
- Xoma shares fall on larger-than-expected 1Q loss
- Stifel Financial profit rises 63 pct; shares jump
- Evercore Partners posts 1Q loss on M&A slowdown
- Opening Glance: Aerospace and defense stocks fall
- ImClone shares fall following analyst downgrade
- Opening Glance: Chips gain with broader market
- Out of the Gate: Beacon Roofing trades higher
- Opening Glance: Health stocks edge down
With the NASDAQ [COMP
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] soaring today, Dennis Kneale just pointed out on Power Lunch that there are many tech stocks that have been beaten up in the past few months but still have significant growth forecasts. The S&P 500 Information Technology Sector is down ~13% YTD and is the second worst performing sector overall. Within the sector, the Internet Software and Services Group is down ~22% while the Semiconductors Group is the only sub-sector up for the year.
Here is a screen of some tech stocks that may be on the cheap, down over 15% in the past three months but with double digit earnings growth forecasts for the next fiscal year.
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Dennis also mentioned Convergys [CVG
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], down 6% but with a forecast of 16% growth. Our guests, Rob Sanderson and Roger Kay, pointed out RIMM and Microsoft as potential opportunities.
You can run similar screens on cnbc.com by using our stock screener or mutual fund screener.
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