These 2 stocks will profit from transformative tech trends
The information technology sector has soared this year as the stock market has recovered from the doldrums of March, aided by massive government and central-bank stimulus. But the long-term cloud technology trend that has fed so much success for the largest tech companies can no longer be considered new and transformative. Gerry Frigon, the chief investment officer at Taylor Frigon Capital Management, pointed to distributed computing as a critically important area for investors to think about. Another trend is probably already on your mind: the boom in working from home and the communication systems that make it possible. He has two stock picks that he believes will capitalize on these trends: Tower Semiconductor TSEM, +5.08% and AudioCodes AUDC, +10.25%. Taylor Frigon Capital Management, based in San Luis Obispo, Calif., has about $280 million in assets under management. The firm’s Core Growth Strategy has performed very well against the broad market, as ...