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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hot Buys at Their 52-Week Highs

Stocks in this article: FLEX NTAP NVDA INTC QCOM AMD GOOG MSFT NOK

FLEX Revenue Quarterly Chart FLEX Revenue Quarterly data by YCharts

Flextronics International Ltd. (FLEX)

Background: Flextronics International engages in the provision of design and manufacturing services to original equipment manufacturers worldwide, including a Motorola phone in Texas and trades an average of 6.3 million shares per day with a market cap of $5.8 billion.

52-Week High: $9.70

Beta: 2.24

Price to Book: 2.81

On Tuesday, Flextronics produced a fresh 52-week high, and support is near $8.90, close to the entry price I would wait for. We may or may not see our entry price if the stock doesn't take a breather, but if you want a lower risk entry price, about $9 is where you want to be.

In the last 12 months, the shares have soared higher. The one-year return is 40%, and the average analyst target price for Flextronics International is $9.26. Even with such a strong move higher, investors are positioned to see more.

The real success story with Flextronics investment thesis comes from the earnings climbing faster than the share price. The forward P/E is a microscopic single-digit eight.

Motorola is shipping 100,000 Moto X phones running on Google's (GOOG) Android platform according to Reuters. Google has a long way to go to catch up to Apple's (AAPL) market share from a hardware perspective, albeit everyone and their mother are getting into hardware right now.

Microsoft's (MSFT) purchase of Nokia's (NOK)phone assets suggest we will see the battle carry on. Flextronics stands to gain in the current wireless environment.

FLEX Net Income Quarterly Chart FLEX Net Income Quarterly data by YCharts

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