MARKET HEADLINES
- Best Trades Now: Tech, Utilities, Financials & More
- 30-Year Bond Gains Full Point as Stocks Weaken
- European Stocks Fall on Weak Autos
- Weaker Oil Prices Lift Asian Markets
- Oil Rebounds From to 7-Week Low to Above $125
- Should You Chase The Rally?
- Five Things We've Learned From Earnings Season
- Bonds Hold Losses After Auction on 2-Year Notes
- Euro Stocks Gain on Banks, Auto Surge
- Oil Settles Below $125, Hitting a Six-Week Low
- GATX 2Q earnings decline on higher costs
- AutoNation 2Q profit dives, 1,300 job cuts planned
- Sector Wrap: National banks drop on housing woes
- FCStone Group increases size of credit facilities
- Starwood cuts outlook as US hotel market weakens
- Southwest 2Q profit up, sales rise 11 percent
- Phoenix Technologies to buy General Software
- Sector Snap: Investment Banks fall with market
- Last Call: Varian hits 2-year high after report
- Mortgage concerns batter Washington Mutual shares
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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