There are currently around twenty-three stocks in S&P 500-technology sector that are near to their dot-com bubble peaks. CNBC’s Dominic Chu gives insight on four of the stocks namely FLIR Systems, Inc. (NASDAQ:FLIR), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) and Oracle Corporation (NYSE:ORCL), which are among those having a better value than during the dot-com boom in 2000.
Chu started with FLIR Systems, Inc. (NASDAQ:FLIR), which is into thermal imaging and sensors and is up by over 2,500% since March 2000. The shares of the company were at $1.23 in March of 2000 and are now trading at $34. “The thermal imaging company’s growth is driven in part by its contract with the U.S. army,” highlighted Dominic Chu. Further, he said that analysts have set a target price of $38 for FLIR Systems, Inc. (NASDAQ:FLIR), which implies an upside of another 11% from here.
The second better-than-bubble stock is Apple Inc. (NASDAQ:AAPL), which has a price target of $102 right now. Chu highlights that Apple Inc. (NASDAQ:AAPL) is a stock that is up by 2007% from its March 2000 levels. Chu said that this company went through a huge transformation, right from personal computers to latest mobile technology and expects wearables on the cards sooner.
Another stock which is quite close to the dot-com era is Microsoft Corporation (NASDAQ:MSFT). Although the company’s shares are already trading higher above the analysts estimates, it is still 11% away from its all time high levels back in March 2000. Chu said:
“This is a stock that could see some upside, one or two good earnings report, a good second half in the year, Microsoft Corporation (NASDAQ:MSFT) could be right up there again.”
Lastly, Oracle Corporation (NYSE:ORCL) is another software stock which is a stone’s throw away from its peak levels in March 2000. A stock movement of even 2% higher could place the company at its all time highs, beating the levels of the dot-com era. The target price of Oracle Corporation (NYSE:ORCL) is at $44, which means another 8% hike from its current levels.