Best Tech Stocks To Watch For 2019

tags:BLIN ,MGIC,AMAT,EVTC,IIJI,ITW,

Three deals are on the calendar for the week ahead looking to raise a combined $849 million. Highly-anticipated Dropbox (Pending:DBX) leads the week in the largest IPO from a US tech company since Snap (NYSE:SNAP) in the 1Q17. It comes on the heels of 2018's first unicorn Zscaler (Pending:ZS), which traded up 106% on its market debut.

U.S. IPO Calendar

Issuer
Business

Deal Size
Market Cap

Price Range
Shares Filed

Top
Bookrunners

Dropbox
San Francisco, CA

$612M
$7,640M

$16 - $18
36,000,000

Goldman
JP Morgan

Leading web-based cloud storage and collaboration platform.

PolyPid
Petach Tikva, Israel

$75M
$370M

Best Tech Stocks To Watch For 2019: Bridgeline Digital, Inc.(BLIN )

Advisors' Opinion:

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Bridgeline Digital (BLIN)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  Headlines about Bridgeline Digital (NASDAQ:BLIN) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bridgeline Digital earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.3358005969314 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Best Tech Stocks To Watch For 2019: Magic Software Enterprises Ltd.(MGIC)

Advisors' Opinion:

• [By Logan Wallace]

  ValuEngine lowered shares of Magic Software Enterprises (NASDAQ:MGIC) from a buy rating to a hold rating in a report issued on Monday.

  Several other equities research analysts have also recently issued reports on MGIC. Zacks Investment Research raised shares of Magic Software Enterprises from a sell rating to a hold rating in a research report on Wednesday, January 17th. BidaskClub cut shares of Magic Software Enterprises from a sell rating to a strong sell rating in a research report on Tuesday, January 23rd. Finally, HC Wainwright set a $10.00 target price on shares of Magic Software Enterprises and gave the stock a buy rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $9.81.

• [By Shane Hupp]

  Get a free copy of the Zacks research report on Magic Software Enterprises (MGIC)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  HC Wainwright set a $10.00 target price on Magic Software Enterprises (NASDAQ:MGIC) in a research note released on Thursday morning. The firm currently has a buy rating on the software maker’s stock.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Magic Software Enterprises (MGIC)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Lisa Levin]

  Magic Software Enterprises Ltd. (NASDAQ: MGIC) is estimated to report quarterly earnings at $0.14 per share on revenue of $67.07 million.

  Canadian Solar Inc. (NASDAQ: CSIQ) is projected to report quarterly earnings at $0.47 per share on revenue of $1.34 billion.

Best Tech Stocks To Watch For 2019: Applied Materials, Inc.(AMAT)

Advisors' Opinion:

• [By Chris Lange]

  Short interest in Applied Materials Inc. (NASDAQ: AMAT) fell to 15.04 million shares. The previous reading was 16.83 million. Shares were trading at $50.56, in a 52-week range of $40.79 to $62.40.

• [By Stephan Byrd]

  Investors bought shares of Applied Materials, Inc. (NASDAQ:AMAT) on weakness during trading hours on Friday. $465.83 million flowed into the stock on the tick-up and $95.96 million flowed out of the stock on the tick-down, for a money net flow of $369.87 million into the stock. Of all stocks tracked, Applied Materials had the 7th highest net in-flow for the day. Applied Materials traded down ($0.38) for the day and closed at $49.31

• [By Chris Lange]

  Short interest in Applied Materials Inc. (NASDAQ: AMAT) increased slightly to 11.88 million shares. The previous reading was 11.82 million. Shares were trading at $49.05, in a 52-week range of $34.58 to $60.89.

• [By Lisa Levin]

  Some of the stocks that may grab investor focus today are:

  Wall Street expects Walmart Inc. (NYSE: WMT) to report quarterly earnings at $1.13 per share on revenue of $120.51 billion before the opening bell. Walmart shares gained 1 percent to $86.99 in after-hours trading. Analysts expect Applied Materials, Inc. (NASDAQ: AMAT) to post quarterly earnings at $1.14 per share on revenue of $4.45 billion after the closing bell. Applied Materials shares rose 0.15 percent to $55.25 in after-hours trading. Jack in the Box Inc. (NASDAQ: JACK) reported downbeat results for its second quarter. Comps were down 0.1 percent in the quarter. The company sees third-quarter comps coming in flat to up 1 percent. Jack in the Box shares dropped 3.03 percent to $88.60 in the after-hours trading session. Before the opening bell, Dillard's, Inc. (NYSE: DDS) is estimated to report quarterly earnings at $2.77 per share on revenue of $1.46 billion. Dillard's shares rose 0.14 percent to $72.10 in after-hours trading. Analysts are expecting Childrens Place Inc (NASDAQ: PLCE) to have earned $2.21 per share on revenue of $444.14 million in the latest quarter. Childrens Place will release earnings before the markets open. Childrens Place shares gained 0.29 percent to $138.40 in after-hours trading.

  Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

• [By Logan Wallace]

  Ostrum Asset Management lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 214.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,386 shares of the manufacturing equipment provider’s stock after buying an additional 11,857 shares during the period. Ostrum Asset Management’s holdings in Applied Materials were worth $967,000 at the end of the most recent quarter.

Best Tech Stocks To Watch For 2019: Evertec, Inc.(EVTC)

Advisors' Opinion:

• [By Shane Hupp]

  Equities research analysts at Raymond James initiated coverage on shares of Evertec (NYSE:EVTC) in a report released on Friday, MarketBeat reports. The firm set a “market perform” rating on the business services provider’s stock.

• [By Joseph Griffin]

  Evertec (NYSE:EVTC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Best Tech Stocks To Watch For 2019: Internet Initiative Japan Inc.(IIJI)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Internet Initiative Japan (IIJI)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Tech Stocks To Watch For 2019: Illinois Tool Works Inc.(ITW)

Advisors' Opinion:

• [By ]

  Illinois Tools Works (ITW) shares fell after the company's earnings report, but Cramer and the AAP team see it as an opportunity to buy more shares. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

• [By Joseph Griffin]

  Millennium Management LLC increased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 786.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 427,605 shares of the industrial products company’s stock after acquiring an additional 379,356 shares during the quarter. Millennium Management LLC’s holdings in Illinois Tool Works were worth $66,989,000 at the end of the most recent reporting period.

• [By ]

  Cramer and the AAP team are trimming Illinois Tool Works (ITW) and Danaher (DHR) . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.