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Chicago, IL - June 09, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Apple Inc. ( AAPL ), LG Display Co., Ltd. ( LPL ), Siliconware Precision Industries Co. Ltd. ( SPIL ), Samsung Electronics Co. Ltd. ( SSNLF ) and United Microelectronics Corporation ( UMC ).
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Here are highlights from Monday's Analyst Blog:
4 Value Tech Stocks to Buy on the Dip
The NASDAQ is still hovering near historic highs, despite being taken to the proverbial woodshed in recent trading sessions. The technology heavy index has climbed nearly 17% in the past year, eclipsing the S&P 500's modest 7% appreciation.
What's more, the latest job report displayed a strong rebound from the sub-standard performance in the first quarter. The government announced that companies added a hefty 280,000 jobs in May, well ahead of the monthly average logged over the last year.
Consequently, the unemployment rate inched up slightly to 5.5% and hourly wages grew to some extent. The robust numbers blunted concerns about the economy's momentum, hinting that its modest contraction in the first quarter and other pallid reports were just a blip, and did not indicate a fundamental slowdown.
With easy monetary policy continuing to benefit financial assets, and corporates making significant strategic changes to enhance future growth, we see a rosy picture in the near future for equities.
Also, a crucial growth driver for the equity market remains the lack of good alternatives, as cash is paying pittance and bond prices remain highly susceptible to rising interest rates. As this phenomenal bull market enters its seventh year, we remain confident of its resilience for the foreseeable future.
When we talk about equities, the one sector that stands out is technology, which is now the largest single slice of the equity market in the U.S. and close to the second largest in theglobal market Buzzing merger activity, brisk innovation and optimistic growth prospects are the theme of the day for the Silicon Valley tech firms.
So What Are You Going to Buy?
It's a fact that more than any other sector, technology stocks tend to lead to a divided opinion among investors. For some, they hold immense appeal and offer the chance to ride outstanding growth rates. On the other hand, the innate volatility, unpredictability and sky-high valuations of these stocks tend to put other investors off.
For investors who like to bet, the technology space offers giants like Apple Inc. ( AAPL ) -- premier growth stocks that analysts expect will outdo rivals in terms of revenue and earnings growth.
However, in case you have a tiny bit of Buffett in you and like the idea of value, we will help you find the few promising stocks that are still priced short of perfection.
4 Value Picks
Using our new style score system , we have honed in on four stocks that are likely to ride the technology sector growth and are currently trading at attractive valuations - thus serving the perfect opportunity for investors to jump in and ride the growth bandwagon.
Our Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount. Back-tested results show that stocks with Style Scores of 'A' or 'B' when combined with Zacks Rank #1 (Strong Buy) or #2 (Buy) handily beat other stocks.
Flaunting a solid Zacks Rank and Value Style Score, these stocks are great value bets for the generally richly-valued technology space.
LG Display Co., Ltd. ( LPL )
LG Display primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The company is enjoying stable demand for TV panels and is pulling all stops to streamline its cost structure. Analysts believe that the company is benefiting from sales of screens for Apple's new iPhones and the Apple Watch.
This Zacks Rank #1 stock sports a Value Style Score of 'A.' It is currently trading at a relatively cheap P/E of 5.38x, having declined 5.9% over the past month. It also has a PEG ratio of 0.57, suggesting that its growth is exceptional relative to its price.
Siliconware Precision Industries Co. Ltd. ( SPIL )
Siliconware Precision Industries is engaged in semiconductor packaging as well as testing services. These testing services focus on PCs, communications, as well as consumer integrated circuits markets. These tests are done in order to protect semiconductor chips, maximizing efficiency and integration into electronic systems, as well as efficiency in the dissipation of heat.
This Zacks Rank #2 stock sports a Value Style Score of 'A.' It is currently trading at a relatively cheap P/E of 11.07x, having declined 7.7% over the past month. The company also sports a PEG ratio of 0.55, suggesting that its growth is excellent for the price that it trades for.
Samsung Electronics Co. Ltd. ( SSNLF )
Samsung is engaged in consumer electronics, information technology and mobile communications, and device solutions businesses globally. The company has been undergoing major restructuring lately, as it strives to simplify its business operations and position itself for future growth.
This Zacks Rank #1 stock sports a Value Style Score of 'B.' It is currently trading at a relatively cheap P/E of 7.91x, having declined 10.6% over the past month. It also has a PEG ratio of 0.63, signifying excellent growth relative to its price.
United Microelectronics Corporation ( UMC )
United Microelectronics is a global semiconductor foundry that engages in providing advanced technology and manufacturing for applications across major sectors of the IC industry. Per research by Gartner, the capital-intensive foundry industry grew 16.1% last year, and United Microelectronics was one of the leading companies in the space in terms of growth.
This Zacks Rank #2 stock sports a Value Style Score of 'A.' It is currently trading at a relatively cheap P/E of 9.39x, having declined 5.7% over the past month. It also has a PEG ratio of 0.47, indicating that the company's growth rate is outstanding relative to the price that it trades for.
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APPLE INC (AAPL): Free Stock Analysis Report
LG DISPLAY-ADR (LPL): Free Stock Analysis Report
SILICONWARE-ADR (SPIL): Free Stock Analysis Report
SAMSUNG ELE LTD (SSNLF): Free Stock Analysis Report
UTD MICROELECTR (UMC): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
