Not investing in technology right now means missing one of the greatest bull markets of all time.
Over the last 10 years, the tech-centric Nasdaq Composite Index has beaten the broader market by more than double.
That outperformance will continue. The American economy now runs on high tech – from chips to cloud computing to biotech to Bluetooth and Wi-Fi, these advanced systems form the backbone of our nation's growth.
And with the Nasdaq off 6% over the last three months, now is the perfect time to get invested and position yourself for maximum tech-sector gains.
I'm about to show you the best stocks to do that with. Each of these stocks is set to crush the broader market over the next decade, and they're bargains right now. Together, they're like a license to print money…
Tech Bargain No. 1: Qualcomm Inc. (Nasdaq: QCOM)
Wall Street has yet to price a big move for Qualcomm Inc. (Nasdaq: QCOM) – the world's largest mobile chip firm – and its $2.4 billion buyout bid of CSR, which is itself a pioneer in Bluetooth and wireless connectivity systems.
CSR ranks as a leader in automotive "infotainment systems," telematics, and technology for the Internet of Everything (IoE). This last market is a potential goldmine for Qualcomm.
The International Data Corporation expects the IoE market, with its billions of interconnected devices, to grow from a value of $1.9 trillion in 2013 to $7.1 trillion by 2020.
Perhaps the best thing about a stock like Qualcomm is that it's a high-margin play on the company's massive patent portfolio. Its patents form the foundation for most of the world's mobile communications.
With an $85 billion market cap, the stock trades at $54.30. It has 30% operating margins and trades at just 11.5 times forward earnings, a 42% discount from the Nasdaq 100.
Tech Bargain No. 2: Apple Inc. (Nasdaq: AAPL)
Apple Inc. (Nasdaq: AAPL) is off its recent highs because Wall Street is worried about Apple's iPhone sales in China. This despite the fact that the iconic smartphone had a 75% sales increase there in the June quarter.
But Wall Street is forgetting just how much the company has going on these days. The new Apple Watch is selling at about 10 million units a year, and the firm just released the iPhone 6s update to rave reviews.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.