4 Electronics Stocks to Buy Right Now Amid Coronavirus Woes

The electronics industry has grown due to the work-from-home and learn-from-home trends triggered by the coronavirus pandemic.

The trends are driving the proliferation of laptops, notebooks, office equipment, and network peripherals, which have proven to be a boon for electronics companies.

In addition, electronics companies offering supply chain solutions are benefiting from the rapid adoption of cloud computing technology and the increasing need for data centers to ensure an efficient remote work environment.

Aside from remote working and learning, the increased use of medical devices such as electronic monitoring devices, infrared laser thermometers and thermal imaging cameras has fueled demand for electrical devices due to the growing risk of COVID-19 infection around the world.

In addition, the growing need for advanced packaging for the miniaturization of electronic products, which is becoming increasingly important in the semiconductor industry, remains positive.

Additionally, the solid rollout of AI and Industrial Revolution 4.0, which focuses on interconnectivity, automation, machine learning (ML) and real-time data, is tailwind.

The increasing spread of fitness trackers and smartwatches, high-end smartphones, smart speakers as well as intelligent cars and autonomous vehicles is fueling the demand for electronic components.

In addition, the growing popularity and use of collaborative robots and drones in various branches of the electronics industry benefits.

In addition, the increasing use of 5G promises short-term promises to participants in the underlined industry. An increase in the demand for 5G test solutions required for 5G deployment is very positive. Additionally, the current wave of work-from-home worldwide triggered by coronavirus outbreaks that is driving demand for high-speed internet services bodes well for electronics companies stepping up their 5G efforts.

We find that all of the above facts shape the future growth path of the electronics industry. In addition, they create an extremely favorable growth environment for electronic stocks in the short term.

With this bullish scenario in mind, we believe fundamentally strong electronics stocks offer lucrative investment opportunities.
Our selection
According to Zacks' proprietary method, companies with a combination of a growth factor of A or B and a Zacks rank of 1 (strong buy) or 2 (buy) offer solid investment opportunities.

With that in mind, we've selected four stocks that have a perfect mix of elements and solid fundamentals.

The full list of today's Zacks # 1 Rank stocks can be found here.

Jabil JBL benefits from contract wins in the healthcare and automotive industries. In addition, the strong momentum in retail and industry remains of great importance to the company.

In addition, the company is expected to continue to benefit from the rapid adoption of 5G wireless and cloud computing. Additionally, the company's efforts to optimize the manufacturing site are expected to result in increased profits in the near future. In addition, the Johnson & Johnson deal remains a key growth driver for the company.

Jabil currently has a Zacks rank of 1 and a growth value of A. The consensus mark for financial year 2021 results has been revised upwards by 14.1% over the past 60 days to USD 4.04 per share.
Price and Consensus from Jabil, Inc.
Price and Consensus from Jabil, Inc.
Jabil, Inc. Price Consensus Chart | Jabil, Inc. quote
Keysight Technologies KEYS is well positioned to benefit from accelerated 5G delivery. The company is seeing increased orders from 5G device and design developers.

In addition, solid dynamics in semiconductor measurement solutions are still of great importance due to the growing power of high-speed networks, smartphone processors, and high-performance data center applications. In addition, the company should benefit from improved supply chain management and high government spending.

Keysight Technologies currently has a Zacks Rank 1 and a Growth Value of B. The consensus mark for FY 2020 results has been revised up 12.2% over the past 60 days to $ 4.70 per share.
Keysight Technologies Inc.
Keysight Technologies Inc.
Keysight Technologies Inc. Price Consensus Chart | Offered by Keysight Technologies Inc.
Alpha and Omega Semiconductor AOSL is rapidly gaining momentum in the power semiconductor market. In addition, the growing sales of games, televisions and home appliances caused by the coronavirus outbreak are benefiting from the company's performance in the end-market for consumers.

Additionally, the improving AC / DC power supply business remains a tailwind due to the strong demand for adapters for PCs and gaming systems. In addition, growing supplies of the company's products required for computer and gaming applications are of great concern.

Alpha and Omega Semiconductor currently has a Zacks rank of 2 and a growth value of B. The consensus mark for FY 2021 earnings has been revised upwards by 92.9% over the past 60 days to $ 1.37 per share.
Alpha and Omega Semiconductor Limited price and consensus
Alpha and Omega Semiconductor Limited price and consensus
Alpha and Omega Semiconductor Limited Price Consensus Chart | Alpha and Omega Semiconductor Limited quota
Entegris ENTG benefits from the solid demand for its cutting-edge solutions required in nodes with advanced technology. Additionally, the company's increasing acceptance of the company's 2 NMTorrento liquid filters and high-purity liquid containers continues to be of great concern.

In addition, the strong momentum among customers with advanced memory and logic is a tailwind. The growing traction in advanced deposition materials and cleaning chemicals is also expected to continue to benefit the company.

Entegris currently has a Zacks rank of 2 and a growth value of B. The consensus mark for 2020 earnings has been revised up 0.4% over the past 60 days to $ 2.39 per share.
Entegris, Inc.
Entegris, Inc.
Entegris, Inc. Price Consensus Chart | Entegris, Inc.
More stock news: This is bigger than the iPhone!
It could become the mother of all technological revolutions. Apple has only sold 1 billion iPhones in 10 years, but a new breakthrough is expected to produce more than 27 billion devices and a market of $ 1.7 trillion in just 3 years.

Zacks just released a special report shedding light on this rapidly emerging phenomenon and 6 tickers to exploit it. If you don't buy now, you can kick yourself off in 2021.

Click here for the 6 trades >>

Would you like the latest recommendations from Zacks Investment Research? Today you can download 7 Best Stocks for the next 30 days. Click here to get this free report

Jabil, Inc. (JBL): Free Stock Analysis Report

Entegris, Inc. (ENTG): Free Stock Research Report

Keysight Technologies Inc. (KEYS): Free Stock Analysis Report

Alpha and Omega Semiconductor Limited (AOSL): Free Stock Analysis Report

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