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Marvel Technology Group

Chip makers have been incredibly strong over the last year, and Marvel Technology Group (MRVL) has been no exception. The stock has appreciated over 65% over the last 12 months, with a big gap up in November when the company announced it would acquire industry peer Cavium. Analysts were upbeat about the possible synergies from the two companies’ business models, and shares shot sharply higher. Over the last five years, profits have fallen on average by 7.5% per year, but the company has turned things around, with analysts forecasting earnings growth of 88.9% for its current fiscal year, and looking ahead forecast average annual earnings growth of 22.5% for the next five years. The stock is currently just shy of its 52-week high, with a P/E of 30, so shares could run into resistance before its next earnings report, which is scheduled for February 27. The stock gets an overall ranking of 93 from InvestorsObserver’s Stock Score Report, and is currently trading at $23.15 versus an average price target of $25.56.

Click here to see a full copy of the report.

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Chart courtesy of www.stockcharts.com

Symbols: FB FDX MRVL TOL WTW
Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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