Top New Institutional Portfolio Strategy Stocks to Buy From Oppenheimer
The institutional portfolio team at Oppenheimer is not the only group of analysts looking to technology as one of the best values on Wall Street today. Just yesterday we ran a story about the cheap secular growth stocks to buy in technology. The Oppenheimer team used a combination of technical factors and trading data with earnings to come up with names that have similar favorable characteristics. While not all of the names are technology stocks, they all share the same positive characteristics from the data combination.
Here are the top Institutional Portfolio Strategy stocks to buy at Oppenheimer.
Akamai Technologies (NASDAQ: AKAM) fits the bill at Oppenheimer. The company is a leading provider of content delivery and cloud infrastructure services. Akamai’s Intelligent Platform, which helps to manage complicated online businesses, including applications, network security, performance and reliability issues, has been tremendously successful. The Thomson/First Call price target for the stock is $50.
FleetCor Technologies Inc. (NYSE: FLT) has been on fire for almost a year. FleetCor provides fuel-payment cards to fleet operators, offering several product options and a vast network of gas stations and repair shops. The payment-card company’s stock has more than doubled since it broke out of a base in August. The consensus price target for this top name is $85.
Hewlett-Packard Co. (NYSE: HPQ) is a silicon valley icon that makes the list at Oppenheimer. Meg Whitman appears to be slowly turning the ship around after a disastrous past five years. The consensus price target for the stock is at $24. The company pays a 2.4% dividend.
NetApp Inc. (NASDAQ: NTAP) may be number two in the in the realm of enterprise data storage, but a continued build out of their storage and cloud capabilities is expected to lead to tremendous gains in earnings. The consensus price objective for the stock is $42. Investors are paid a 1.60% dividend.
Cree Inc. (NASDAQ: CREE) recently surpassed a significant milestone in shipping over two million GaN High Electron Mobility Transistors (HEMT) for cellular telecommunications and is providing game-changing benefits over traditional silicon-based technologies, including higher power, higher efficiency and wider bandwidth. The consensus estimate for this very volatile name is $60.
Marvell Technology Group Ltd. (NASDAQ: MRVL) is an engineering-driven fabless semiconductor firm that offers a wide variety of products into a number of end markets including networking, storage and mobile/wireless products. With three strong business segments, the stock may be ready to rebound. The consensus price target is $12. Shareholders receive a 2.2% dividend.
Las Vegas Sands Corp. (NYSE: LVS) makes the Oppenheimer list of stocks to buy. The company has improved earnings per share by 13.1% in the most recent quarter compared to the same quarter a year ago. The company has also demonstrated a pattern of positive earnings per share growth over the past two years. The consensus for this red-hot name is $65. Investors are paid a 2.4% dividend.
MGM Resorts International (NYSE: MGM) is another gaming name to make the cut. With a strong Las Vegas presence, and a growing business in Macau, the stock has solid potential. The consensus price objective is at $17.
Oppenheimer says to consider backing up these stock suggestions with additional research. We have suggested for some time now that investors carefully wade in to new names. Scaling in capital or buying partial positions makes sense as the market still appears overbought.