The Top Tech Stocks in August
In the following video, Senior Technology Analyst Eric Bleeker looks at the top performers across the tech space in August. Leading off the space is Kenexa, a software company purchased by IBM. Beyond its acquisition of Kenexa, Big Blue also bought flash memory systems specialist Texas Memory Systems, which helped fuel a surge in shares of Fusion-io, a leader in the space.
Looking further down the list we find three companies that soared after earnings. Aruba Networks is the fifth top-performing tech stock, with a 37.9% rise across the month while Rackspace and Universal Display check in right below Aruba Networks. The lesson here? Growth stocks experienced a surge last month after being beaten down throughout most of 2012. However, as Eric notes, with plenty of insecurity ahead about Europe and America's coming fiscal cliff, the best play on many of these companies might be adding them to a watchlist if economic news sends them back to previous prices. To see Eric's full thoughts, watch the video.
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The article The Top Tech Stocks in August originally appeared on Fool.com.Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Fusion-io, IBM, and Universal Display. Motley Fool newsletter services recommend Rackspace Hosting and Universal Display. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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