Dig Into NXP, Biogen and Sprouts Shares Says Eaton Vance Manager

Apple provides a fantastic platform, but there are other places to profit in the connected device arena such as NXP Semiconductors, said Lewis Piantedosi, portfolio manager for the Eaton Vance Focused Growth Opportunities Fund. Piantedosi added that NXP, which is increasing its sales to automakers, has grown its earnings at a rapid clip, yet still trades at a reasonable valuation. He is also bullish on biotech powerhouse Biogen, saying it has a promising pipeline in Alzheimers in addition to its strong position in the Multiple Sclerosis arena. Finally, Piantedosi is positive on Sprouts Farmers Market, saying the healthy food retailer could grow to as many as 1,000 stores in the next 5 years.