MicroVision, Inc. (NASDAQ:MVIS) has been quietly churning out high tech imaging and laser scanning technology for years. But MVIS stock began to soar last fall on news it was developing a lidar system for the automotive sector.
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Between the start of December 2020 and Feb. 16 of this year, MVIS stock rocketed up by more than 920%. After a quick correction, it’s surged several times since, hitting a decade-long high close of $26.44 on April 26.
Hot High Tech Stocks To Watch Right Now: Sonic Corp.(SONC)
Sonic Corp. operates and franchises the largest chain of drive-in restaurants (“Sonic Drive-Ins”) in the United States. References to “Sonic Corp.,” “Sonic,” “the Company,” “we,” “us” and “our” in this Form 10-K are references to Sonic Corp. and its subsidiaries.
The first Sonic Drive-In restaurant opened in 1953. As of the end of our fiscal year on August 31, 2016, the Sonic system included 3,557 Sonic Drive-Ins in 45 states of which 345 were owned and operated by Sonic Restaurants, Inc., the Company’s operating subsidiary (“Company Drive-Ins”), and 3,212 were owned and operated by franchisees (“Franchise Drive-Ins”).
Sonic Corp. was incorporated in the State of Delaware in 1990 in connection with its 1991 initial public offering of common stock. Sonic is publicly traded on the NASDAQ National Market Stock Exchange (“NASDAQ”) (Ticker: SONC). Advisors’ Opinion:
- [By Jeremy Bowman]
Shares of Sonic Corporation (NASDAQ:SONC) were surging last month after the drive-in burger slinger agreed to sell itself to Inspire Brands, the parent of Arby’s and Buffalo Wild Wings. As a result, the stock finished the month up 21%, according to data from S&P Global Market Intelligence.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Sonic (SONC)
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- [By Motley Fool Staff]
In this segment from MarketFoolery, host Chris Hill and Motley Fool Asset Management’s Bill Barker discuss the news that privately held Inspire Brands — formerly Arby’s Restaurant Group — is picking up Sonic (NASDAQ:SONC) for $2.3 billion.
- [By Chris Hill]
In the other market direction, the publicly held fast-food chain Sonic Corp. (NASDAQ:SONC) will be folded into the private Inspire Brands, which currently gets the lion’s share of its revenue from the Arby’s and Buffalo Wild Wings chains. And the purchase price is the nice cherry on top of this year’s share gains for the burger-and-shakes joint.
Hot High Tech Stocks To Watch Right Now: Harsco Corporation(HSC)
Harsco Corporation provides industrial services and engineered products worldwide. The company operates through three segments: Harsco Metals and Minerals, Harsco Rail, and Harsco Industrial. The Harsco Metals and Minerals segment provides on-site outsourced services of material logistics, product quality improvement, and resource recovery for iron, steel metals, and asphalt roofing manufacturing; and value added environmental solutions for industrial co-products, as well as manufactures industrial abrasives and roofing granules. The Harsco Industrial segment manufactures and supplies custom-engineered and manufactured air-cooled heat exchangers for the natural gas, natural gas processing, and petrochemical industries; industrial grating products, which include a range of metal bar grating configurations for industrial flooring, and safety and security applications in the energy, paper, chemical, refining, and processing industries, as well as offers GrateGuard, a fencing solution for first-line physical security; and heat transfer products, such as boilers and water heaters for commercial and institutional applications. The Harsco Rail segment designs and manufactures safety systems for transportation and industrial applications; and equipment, after-market parts, and services for the maintenance, repair, and construction of railway track. This segment serves private and government-owned railroads, and urban mass transit systems. Harsco Corporation was founded in 1853 and is headquartered in Camp Hill, Pennsylvania.
Advisors’ Opinion:
- [By Tezcan Gecgil]
Leadings names in the roster are Analog Devices (NASDAQ:ADI), Ambarella (NASDAQ:AMBA), Advanced Micro Devices (NASDAQ:AMD), Synaptics (NASDAQ:SYNA), and Splunk (NASDAQ:SPLK). The top 10 stock comprise close to 20% of net assets of $132.4 million.
- [By ]
Other news in the stock market today:
The small-cap Russell 2000 managed another day of outperformance, gaining 0.6% to 2,287.Vera Bradley (VRA, -9.4%) stock took a big hit after the women's accessories maker reported second-quarter results that fell short of analysts' consensus estimates. VRA reported adjusted earnings per share (EPS) of 28 cents on $147.1 million in revenues – below the 33 cents per share and $153.6 million Wall Street was calling for. Nevertheless, Small Cap Consumer Research analyst Eric Beder reiterated his Buy rating on the stock. “We believe the company's management continues to do the right things in the near and longer term to create a more diversified and resilient business model that, as the world normalizes, will register strong consistent operating results and justify a higher multiple,” he says.Ambarella (AMBA), on the other hand, surged 27.4% in the wake of its earnings report. In its second quarter, the fabless semiconductor company brought in adjusted earnings of 35 cents per share on $79.3 million in revenues. Analysts, meanwhile, were expecting EPS of 25 cents on $75.7 million in revenue. Stifel analysts chimed in after the results. “Overall, we believe AMBA is approaching a key inflection in its business, with the security camera inventory digestion now largely behind it, and computer vision (CV) hitting its stride ahead of a long secular growth runway,” they say. “Coupled with a pristine balance sheet, we maintain our Buy on AMBA as a key, long-term beneficiary of CV/Edge Processing.”U.S. crude oil futures eked out a 0.1% gain to settle at $68.59 per barrel. Earlier today, the Organization of the Petroleum Exporting Countries and their allies, collectively referred to as OPEC+, confirmed its plan to gradually increase oil production each month.Gold futures slipped 0.1% to $1,816 an ounce.The CBOE Volatility Index (VIX) declined 3.1% to 15.97.Bitcoin rebounded 2.0% to $48,
- [By Harsh Chauhan]
Ambarella (NASDAQ:AMBA) investors have been an excited lot this year thanks to the company’s recent design wins. But those projects might or might not come to fruition, so it wasn’t surprising to see investors celebrate and send the stock up substantially after the company delivered a fourth-quarter earnings beat.
- [By Nicholas Rossolillo]
Shares of video processing and computer vision chip maker Ambarella (NASDAQ:AMBA) rallied after the company reported results for its fiscal year 2019 fourth quarter (the year ended January 31, 2019). The stock’s rise should give long-suffering shareholders reason to breathe a little easier after a bruising year. Shares were down 25% from the beginning of 2018 through the day of the report on March 5, 2019.
