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The annual Consumer Electronics Show (CES) kicks off today in Las Vegas and one week into the new year, the S&P Tech Sector is off to a strong start up 3.6% and only behind the Materials Sector which is up 4.1%.
Below is a screen for stocks within the Information Technology Sector that have been down more than 20% in the past three months but are projected to have double digit earnings growth in the forward fiscal year. JDS Uniphase [JDSU
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], which leads the pack in rallying since the new year, broke above its 50 day moving average on January 2 but fell back a bit on yesterday's sell off.
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Source: Thomson Reuters
Yahoo [YHOO
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], just missed making the list with EPS growth forecasts of 9.8%, just under the double digit threshold. YHOO is up 4.2% YTD but is down 20.6% for the past 3 months.
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Data is a real-time snapshot *Data is delayed at least 15 minutes