Zacks Industry Rank Analysis Highlights: Google, ChipMOS Tech and Omnivision Tech PR Newswire CHICAGO, July 2, 2013 CHICAGO, July 2, 2013 /PRNewswire/ --Stocks featured in this week's Zacks Industry Rank analysis include Google (Nasdaq:GOOG-Free Report), ChipMOS Tech Ltd (Nasdaq:IMOS-Free Report) and Omnivision Tech (Nasdaq:OVTI-Free Report). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity Strategist, Zacks.com. Small Components, Big Earnings Tech has seen its share of ups and downs. But the social need for connectivity is bringing screens of all sizes to the masses in second and third world countries. Meanwhile, tech innovation has become the MSG of the first world. We simply can't get enough. As Google (Nasdaq:GOOG-Free Report) develops internet "balloons" to carry web access to every corner of the globe, the propagation of technology is becoming so ubiquitous that it stands to become the next basic necessity, just behind air, food and water. With these factors in mind, it should come as no surprise that the Zacks Industry Rank for electronic components and semiconductors jumped +27 this week. Electronic Components & Semiconductors now enjoys a Zacks Industry Rank of #79. Typically, sectors with a large number of companies make more modest movements in this industry rank list. However, this group of 59 companies benefited from 20 recent positive revisions to annual earnings estimates compared to only 8 negative revisions. While these positive estimate revisions average only +6% individually, the sheer number of companies in this industry being revised higher is powering this deep Zacks Industry Rank movement. Two companies in particular seem charged for strong profitability. Their shares have been upgraded this week in terms of their individual Zacks Rank. Upward movement in this rank from a Buy or Hold to a Strong Buy signals a stock may be on the move higher, following future positive earnings estimate revisions. Including this factor in your investment strategy can assist in grasping not only the direction of a given business, but secular trends within a sector like Tech. Both of these businesses have been revised upward to a current Zacks Rank #1 (Strong Buy). Both hold a Zacks long-term recommendation of "Outperform," too. As with any good investment strategy, pay close attention to the components. It is time well spent. ChipMOS Tech Ltd (Nasdaq:IMOS-Free Report) IMOS is a Zacks Rank #1 (Strong Buy). It was upgraded two spots within the last week from a Zacks Rank #3 (Hold). This company reports earnings on August 16, 2013. ChipMOS Tech is the leading independent provider of semiconductor testing and assembly services. The company is the largest independent provider of testing and assembly services for LCD and other flat-panel display driver semiconductors globally, and a leading provider of testing and assembly services for advanced memory products in Taiwan. With the global LCD market under heavy pressure to accommodate more screens per household, not to mention larger and better options, demand appears strong. IMOS pays an annual dividend of 0.72%. Their most recent quarterly earnings surprise was +215%. Omnivision Tech (Nasdaq:OVTI-Free Report) OVTI is a Zacks Rank #1 (Strong Buy), climbing up from Zacks Rank #2 (Buy) just last week. This company reports quarterly earnings on August 22, 2013. OmniVision Technologies, Inc. designs, develops and markets semiconductor imaging devices for computing, communications and consumer electronics applications. The company's major products, CMOS image sensors, are used to capture an image in actual cameras and camera-related products such as personal computer cameras, digital still cameras, personal digital assistant cameras and mobile phone cameras. Recently, the company introduced a new sensor for 8 megapixel smartphone cameras. They continue a balanced approach to their offerings by providing image sensor products in segments such as automotive, security and tablet/pc webcams. OVTI has a big end-market position in China. OVTI's most recent quarterly earnings surprise was +88%. Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2564. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. 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Zacks Industry Rank Analysis Highlights: Google, ChipMOS Tech and Omnivision Tech
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