This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Tech Stocks That Investors Should Not Be Bearish On

Stocks in this article: EA FB MCHP NVDA RIMM

Facebook insiders collectively decided not to sell shares. The absence of additional shares is helping Facebook trade above $30. In addition, a powerful user-base in the mobile channels is supporting future growth. Facebook must generate revenue and profit margins in the mobile space to sustain its rally.

EXCLUSIVE OFFER: Jim Cramer’s Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he’s trading today with a 14-day FREE pass.


3. Electronic Arts Inc. ( EA): Develops, markets, publishes, and distributes game software and content for video game consoles, personal computers, mobile phones, tablets and electronic readers, hand held game players, and the Internet. Market cap at $4.35B, most recent closing price at $14.24.

Short-volume declined by December 31, but is still at 23.7 million shares. Shares were over $15, but traded recently at $14.24 after GameStop (GME) said holiday sales declined by 4.6% in the United States. Globally, sales declined 6.4%.

Only Nintendo’s Wii U is giving hope that consumer interest in console games will improve. Investors should also recognize digital sales will only increase as a total of revenue. This would justify upside in the next few quarters.


4. NVIDIA Corporation ( NVDA): Provides visual computing, high performance computing, and mobile computing solutions that generate interactive graphics on various devices ranging from tablets and smart phones to notebooks and workstations. Market cap at $7.63B, most recent closing price at $12.21.

Short-selling volume was around 20 million shares. The stock sold-off sharply from above $13 after the company announced its console-gaming initiative through “Project Shield” at CES.

Fundamentally, Tegra chips will play an increasingly important role in mobile gaming. Despite its absence in Apple, Android sales will only increase. NVIDIA is well-positioned for sales in the mobile space.


5. Microchip Technology Inc. ( MCHP): Develops and manufactures semiconductor products for various embedded control applications worldwide. Market cap at $6.54B, most recent closing price at $33.59.

Bearishness increased to 19.4 million shares in the last two weeks of December 2012. Shares appear to have bottomed at $29, closing recently at $33.59. MHCP has a new MGC3130 chip. The chip can recognize hand gestures in 3 dimensions, and has a range of 6-inches. By using electrical fields, the chip can track gestures while using 90% less power.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs