Tech Stocks and the Cloud: What to Buy Now - Zacks Market Edge

Welcome to Episode #41 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. In this episode, Tracey is joined by Brian Bolan, Editor of Zacks Game Changers and Zacks Stocks Under $10 portfolio services, to talk about all things technology. Brian was on the podcast in December where he gave his top 5 technology stock picks for 2016. Now that we’re 6 months into the year, there’s one stock that he regrets from that list. Find out what it is on the podcast. But even though you can’t get every trade correctly, there are still plenty of opportunities in technology stocks for the second half of this year. Technology stocks have underperformed, but the growth story in the sector is picking up. Now is the time to consider tech. Tracey and Brian Look At Key Areas: 1. Chips are suddenly hot. What does that mean? Even the “grandfather” of the industry Advanced Micro Devices (AMD) had a great earnings report. Its shares have soared over 140% year-to-date. 2. The cloud is everywhere. Microsoft (MSFT) admitted it is hoping to catch Amazon’s (AMZN) operating margins for its AWS segment this fiscal year. Can it do it? AWS saw 23.5% last quarter. 3. Tracey also likes digital media company Avid Technology (AVID). It has a forward P/E of just 6 but is expected to see triple digit earnings growth this year. 4. Brian still likes Infinera (INFN). It is expected to grow earnings by 15% this year. But what else should you know about tech stocks? Tune into this week’s podcast to find out. AMD: Microsoft: Amazon: Avid Tech: Infinera Corp: Follow us on StockTwits: Follow us on Twitter: Like us on Facebook:

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