Top 10 High Tech Stocks To Buy For 2014

NEW YORK (TheStreet) -- The Federal Reserve will maintain its $85 billion in monthly asset purchases, the central bank said in its policy-making statement on Wednesday.


Below is the text of the Federal Open Market Committee statement:

For immediate release

Information received since the Federal Open Market Committee met in July suggests that economic activity has been expanding at a moderate pace. Some indicators of labor market conditions have shown further improvement in recent months, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has been strengthening, but mortgage rates have risen further and fiscal policy is restraining economic growth. Apart from fluctuations due to changes in energy prices, inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

Top 10 High Tech Stocks To Buy For 2014: Schmitt Industries Inc.(SMIT)

Schmitt Industries, Inc. designs, manufactures, and markets computer-controlled vibration detection and balancing equipment primarily to the machine tool industry in North America, Europe, and Asia. Its Balancer segment offers Schmitt Dynamic Balance System consisting of a computerized control unit, vibration sensor, spindle-mounting adapter, and balance head, as well as an optional acoustical emission monitoring system to monitor the frequency signals generated on the grinding machine. This segment provides its products to manufacturers and operators of grinding machines of automotive, aerospace, medical, and machine tools industries through independent manufacturers? representatives and distributors. The company?s Measurement segment designs, manufactures, and markets a line of laser-based precision test and measurement products; and an ultrasonic product for measuring the fill levels of liquid propane tanks to the manufacturers of hard disk drives, silicon wafers, and optical products, as well as operates a precision laser light scatter measurement laboratory. Its products include surface roughness measurement products that consist of TMS-2000-RC, a non-contact texture measurement system, as well as TMS-2000-DUV-RC, which measures the surface micro roughness of ceramic/glass; distance measurement and dimensional sizing products, which comprises AccuRange series sensors and scanners; and remote tank monitoring products, such as Xact product that detects and measures the capacity and volume of liquid propane tanks. This segment also provides research and other measurement products, including CASI Scatterometers, which measure surface quality, optical performance, smoothness, appearance, defects, and contamination of materials. The company was founded in 1984 and is based in Portland, Oregon.

Top 10 High Tech Stocks To Buy For 2014: Dover Saddlery Inc.(DOVR)

Dover Saddlery, Inc. operates as a specialty retailer and multi-channel marketer of equestrian products in the United States, primarily serving the English-style and Western-style riding industry. Its equestrian product line includes various items, such as saddles, tack, specialized apparel, footwear, horse clothing, horse health, and stable products. The company also offers dressage, eventing, and hunter/jumper products. Dover Saddlery, Inc. sells its products through catalogs, Internet, and retail stores located in Massachusetts, New Hampshire, Delaware, Texas, Virginia, Maryland, New Jersey, Georgia, Colorado, Illinois, and Rhode Island. As of December 31, 2011, it operated 14 stores under the Dover Saddlery and 1 store under the Smith Brothers brand. The company was founded in 1975 and is headquartered in Littleton, Massachusetts.

Top 10 Insurance Companies To Invest In Right Now: Apogee Minerals Ltd. (APE.V)

Apogee Silver Limited engages in the exploration and development of mineral properties in South America. It primarily explores for silver, zinc, and lead deposits. The company�s principal property comprises the Pulacayo-Paca property that covers approximately 34,000 hectares and is located to the east of Uyuni city, Bolivia. It also owns an option to acquire up to 100% interest in the Cachinal Silver project, which consists of 59 concessions covering approximately 16,000 hectares and is located to the southeast of Antofagasta, Chile. The company was formerly known as Apogee Minerals Limited and changed its name to Apogee Silver Limited in March 2011. Apogee Silver Limited was incorporated in 1987 and is headquartered in Toronto, Canada.

Top 10 High Tech Stocks To Buy For 2014: AFI DEVELOPMENT PLC ORD USD0.001 B(AFRB.L)

AFI Development Plc, and investment holding company, operates as a real estate development company in Moscow, the Russian regions, Ukraine, and the Commonwealth of Independent States. It develops and redevelops, leases, and sells commercial and residential real estate assets, including offices, shopping centers, hotels, mixed-use properties, and residential projects. The company was founded in 2001 and is based in Limassol, Cyprus. AFI Development Plc is a subsidiary of Africa Israel Investments Limited

Top 10 High Tech Stocks To Buy For 2014: Mdr Limited (A27.SI)

mDR Limited distributes and retails telecommunications devices and provides mobile related services. It distributes gadgets, and mobile devices and accessories. The company also provides prepaid card services; and after-market services, including retrofit, repair management, and technical services for consumer electronic products and mobile telecommunication equipment. As of November 26, 2012, it operated a network of approximately 50 retail stores under Handphone Shop, 3Mobile shops, Samsung and Nokia concept stores, and Gadget World brand names in Singapore. The company is based in Singapore.

Top 10 High Tech Stocks To Buy For 2014: Lincoln Educational Services Corporation(LINC)

Lincoln Educational Services Corporation provides post-secondary education services in the United States. The company offers degree and diploma programs for recent high school graduates and working adults in the areas of studies, such as health science, automotive technology, skilled trades, business and information technology, and hospitality services. As of December 31, 2011, it had 19,204 enrolled students. The company operates 46 schools in 17 states under Lincoln Technical Institute, Lincoln College of Technology, Lincoln College of New England, Nashville Auto-Diesel College, and Euphoria Institute of Beauty Arts and Sciences brand names, as well as offers online programs. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in West Orange, New Jersey.

Top 10 High Tech Stocks To Buy For 2014: Winnebago Industries Inc.(WGO)

Winnebago Industries, Inc. manufactures and sells recreation vehicles primarily for leisure travel and outdoor recreation activities. The company offers motor homes, which are self-propelled mobile dwellings that provide living accommodations for approximately seven persons and include kitchen, dining, sleeping, and bath areas, as well as a lounge; and optional equipment accessories, such as generators, home theater systems, king-size beds, upholstery, and interior equipment. It manufactures motor homes constructed directly on medium- and heavy-duty truck chassis, which include engine and drivetrain components; and on van-type chassis onto which the motor home manufacturer constructs a living area with access to the driver's compartment under the Winnebago and Itasca brand names, as well as panel-type vans with sleeping, kitchen, and/or toilet facilities under the Era brand name. The company also produces original equipment manufacturing parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. Winnebago Industries markets its motor homes through independent dealers primarily in the United States and Canada. The company was founded in 1958 and is headquartered in Forest City, Iowa.

Advisors' Opinion:

• [By Grace L. Williams]

  Recreational vehicle maker Winnebago Industries (WGO), which makes, you know, Winnebagos, is trucking today after reporting strong revenue and increased demand in its fourth quarter.

  AP

  For the period ended Aug. 31, Winnebago reported profit of $10.6 million, or 38 cents a share, down from $40.9 million, or $1.41 a share, a year earlier, while sales rose to $214.2 million in the quarter. Analysts polled by Thomson Reuters recently predicted earnings of 28 cents a share and sales of $206 million.

  Looking at the solid quarter and optimistic forecasts, Citigroup analyst Gregory Badishkanian raised estimates after noting several positive factors at the company including the current backlogs, which more than doubled, and dealer inventories, which were up 38%. He writes:

  The company highlighted two issues that appear to be diminishing: 1) towables division was dilutive for the year, but headed in the right direction with a breakeven quarter 2) shortage in Class A Gas chassis, though the issue should be resolved by mid-winter…

  Given strong margin and retail demand trends, we��e raising our 2014 and 2015 estimates by 26 cents each. We introduce our 2016 estimate of $ 1.60.

  Shares of Winnebago have gained 4.4% to $28.47 today at 3pm. Thor Industries (THO), which also makes recreational vehicles, has ticked up 0.1% to $57.56, Drew Industries (DW) has risen 0.3% to $48.74, Arctic Cat (ACAT) has advanced 1% to $59.87 and Polaris Industries (PII) has fallen 0.3% to $132.08.

• [By David Sterman]

  I took a close look at all of the companies that appeared in the first part of this series, and there were some great companies in the mix. If price were no object, I'd be a huge fan of:

  Oceaneering (NYSE: OII), which is prospering form the ongoing trends toward undersea naval warfare and undersea oil drilling. Oceaneering is poised to grow at a sustained double-digit pace, which is something few other defense contractors can say. Cree (Nasdaq: CREE): LED lighting is a revolutionary game-changer, and Cree's heavy emphasis on R&D is leading the charge towards ever-lower prices for these low-energy light sources that also have remarkable longevity compared to regular bulbs. Still, profit margin gains may be tough in a very competitive environment.  Polaris Industries (NYSE: PII): If Winnebago's (NYSE: WGO) recreational vehicles are suitable for retirees, Polaris has become the go-to name for activity-oriented vehicles. Notably, it has a revenue base that is four times larger than Winnebago as well. If S&P wants to position for future demographic trends, then Polaris is a great choice.

  I love these companies, but I don't love their stock prices, and I'd prefer to wait for some sort of pullback before singing their praises. That said, there are two investment ideas that hold great appeal on their own. If they get added to the S&P 500, then they are also set up for a timely trade.

Top 10 High Tech Stocks To Buy For 2014: MHI Hospitality Corporation(MDH)

MHI Hospitality Corporation, a real estate investment trust (REIT), engages in the ownership and operation of upper upscale and midscale hotels in the mid-Atlantic and southeastern United States. As of March 15, 2006, the company operated seven upper upscale and midscale hotels with 1,673 rooms under the brand names ?Hilton? and ?Holiday Inn?. It also owns leasehold interests in the commercial spaces of the Shell Island Resort, a condominium resort property. The company has elected to be treated as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. MHI Hospitality has strategic alliance agreement with MHI Hotels Services LLC. The company was founded in 1957 and is based in Williamsburg, Virginia.

Top 10 High Tech Stocks To Buy For 2014: Stevia Corp(STEV.OB)

Stevia Corp., a farm management company, provides various agricultural consulting and solutions to contract growers and other industry growers. It develops Stevia, a zero calorie sweetener used in approximately 6,000 products, including beverages, foods, and medicines. The company also offers farm management services, including research and development, plant breeding, agricultural methodologies, and post-harvest techniques. It has two grower supply contracts and three nursery fields in Vietnam. Stevia Corp. offers its stevia products across 35 countries and 38 categories. The company was formerly known as Interpro Management Corp. and changed its name to Stevia Corp. in March 2011. Stevia Corp. was founded in 2007 and is based in Indianapolis, Indiana.

Top 10 High Tech Stocks To Buy For 2014: Macro Corporation Ltd(MAC.AX)

Macro Corporation Limited, through its subsidiaries, engages in providing cruise boat and diving activities in Australia. It operates daily cruises to Michaelmas Cay and Oyster and Upolu Reef, for diving, snorkeling, and sailing on the Great Barrier Reef; and dinner cruises sailing on the waters of Trinity Inlet, Cairns. The company is based in Cairns, Australia.