Best High Tech Stocks To Invest In 2019

tags:LQSIF,ANSS,GRMN,SLCA,

Image source: The Motley Fool.

LCI Industries (NYSE:LCII) Q4 2018 Earnings Conference CallFeb. 7, 2019 11:00 a.m. ET

Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

Operator

Good day, ladies and gentlemen, and welcome to the LCI Industries fourth-quarter and year-end 2018 earnings conference call. [Operator instructions] As a reminder, today's conference is being recorded. I would now like to turn the call over to Ms. Victoria Sivrais.

Ma'am, you may begin.

Victoria Sivrais -- Investor Relations

Thank you, Victor. Good morning, everyone, and welcome to LCI Industries 2018 fourth-quarter and year-end conference call. I am joined on the call today by members of LCI's management team, including Jason Lippert, CEO and director; and Brian Hall, CFO. Management will be discussing the results in just a moment, but first, I would like to inform you that certain statements made in today's conference call regarding LCI Industries and its operations may be considered forward-looking statements under the securities laws and involve a number of risks and uncertainties.

Best High Tech Stocks To Invest In 2019: Liquor Stores N.A. Ltd. (LQSIF)

Advisors' Opinion:

• [By ]

  British Columbia and Alberta have chosen a different strategy where retail sales will be allowed through both public and private stores, similar to its current setup for liquor retail in the provinces. Retailers will have to get their supply of cannabis from the government's wholesale distribution system, similar to how it works for alcohol now. The government will control online cannabis sales exclusively Our take: British Columbia also announced that physical retailing of cannabis and liquor will have to be separate, meaning stores cannot sell both products. This rule has an impact on existing liquor retailers aiming to convert some of their stores to sell cannabis. Aurora invested in Liquor Stores (renamed to Alcanna (OTCPK:LQSIF)) which has been struggling for years in the liquor business. Other pharmacy chains will also participate in the RFP as we have seen in Loblaw's recent win in Newfoundland and Labrador. We think for many cannabis companies the path to winning those retail licenses will be a challenging one with the competition from multiple sources. The licenses will be hotly contested given that B.C. is the largest market to allow private retailing, leaving us cautious on those companies betting big on winning those contracts. The likely outcome is that a large number of companies will each win fewer contracts.

• [By ]

  It also holds just under 20 percent share of Liquor Stores N.A. (OTCPK:LQSIF) and over 17 percent of Radient Technologies Inc. (OTC:RDDTF). Aurora has other holdings as well.

Best High Tech Stocks To Invest In 2019: ANSYS, Inc.(ANSS)

Advisors' Opinion:

• [By Stephan Byrd]

  Ansys (NASDAQ:ANSS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “ANSYS delivered strong results for first-quarter 2018, wherein both the top and bottom lines fared better than the respective Zacks Consensus Estimates. Increasing demand for simulation particularly from industries like energy bodes well for ANSYS. We believe that robust product portfolio, expanding total addressable market improving enterprise penetration, collaborations with leading vendors, and strong balance sheet are the catalysts. Acquisitions like 3DSIM and OPTIS are not only enabling ANSYS to bring innovative solutions to the market but are also aiding it to enhance foothold in the competitive simulations market. However, its margin is expected to remain under pressure as ANSYS continues to invest on product development. Furthermore, adverse foreign currency exchange rates are expected to impede revenue growth in the near term as it generates significant revenues from international market.”

• [By Max Byerly]

  Evercore ISI reiterated their hold rating on shares of ANSYS (NASDAQ:ANSS) in a research note published on Monday morning. The brokerage currently has a $150.00 price target on the software maker’s stock.

• [By Ethan Ryder]

  ANSYS (NASDAQ:ANSS) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Monday.

Best High Tech Stocks To Invest In 2019: Garmin Ltd.(GRMN)

Advisors' Opinion:

• [By Leo Sun]

  Garmin (NASDAQ:GRMN) recently acquired Flight Plan -- which provides flight planning, scheduling, and trip support services through FltPlan.com and the FltPlan Go mobile app -- for an undisclosed sum. FltPlan has over 165,000 registered users across North and South America and is used to create 6.3 million flight plans per year.

• [By Dan Caplinger]

  The stock market was quiet on Wednesday, with different benchmarks reacting to a variety of news events. The release of minutes from the Federal Reserve's most recent monetary policy meeting generally confirmed what most investors had believed about the central bank's future course of action, and that helped send the Dow Jones Industrial Average and the S&P 500 modestly higher. Yet weakness in key technology stocks caused the Nasdaq Composite to lag its peers. Several stocks posted strong advances, and Garmin (NASDAQ:GRMN), Kandi Technologies Group (NASDAQ:KNDI), and Magellan Health (NASDAQ:MGLN) were among the top performers. Here's why they did so well.

• [By Logan Wallace]

  Garmin Ltd. (NASDAQ:GRMN) insider Min H. Kao sold 111,551 shares of the company’s stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $63.94, for a total value of $7,132,570.94. Following the transaction, the insider now directly owns 4,818,208 shares in the company, valued at $308,076,219.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Best High Tech Stocks To Invest In 2019: U.S. Silica Holdings, Inc.(SLCA)

Advisors' Opinion:

• [By Tyler Crowe]

  U.S. Silica Holdings (NYSE:SLCA) has long been the standout company in the frack sand business. Its size and financial strength allowed it to weather the drop in oil prices better than its peers and positioned it well for the recent growth phase. This past quarter, the company expanded its universe by acquiring another mineral mining business, but it is taking some risk in doing this. Thankfully, demand for frack sand remains high, as evidenced by the company's most recent earnings results.

• [By Paul Ausick]

  U.S. Silica Holdings Inc. (NYSE: SLCA) dropped more than 10% Wednesday to set a new 52-week low of $20.08. Shares closed at $23.33 on Tuesday, and the stock’s 52-week high is $38.70. Volume totaled around 6.9 million, more than three times the daily average. The company that supplies fracking sand to oil & gas exploration & production firms had no specific news.

• [By Stephan Byrd]

  B. Riley set a $19.00 price objective on U.S. Silica (NYSE:SLCA) in a research note published on Friday. The brokerage currently has a buy rating on the mining company’s stock. B. Riley also issued estimates for U.S. Silica’s FY2021 earnings at $0.81 EPS.