AmTech's Top 12 Fundamental Picks (RIMM, FSLR, MELI, QCOM, more..)

As the Street kick's off the Q3 earnings season, American Technology Research is out with a note highlighting its strongest fundamental tech ideas. With investors preparing for the worst, AmTech believes management teams "have no incentive to be optimistic" and will likely issue guidance that is conservative.

AmTech sees the following dozen picks outperforming their peers:

• Concur Technologies (Nasdaq: CNQR) - calls Concur "one of the most compelling fundamental stories in enterprise software."
  
• Energy Conversion Devices (Nasdaq: ENER) - a differentiated solar play given its low-cost commercial roof application and its management team which is targeting an inflection point in the solar manufacturing ramp.
  
• Fluor (NYSE: FLR) - as the leader in the E&C space, AmTech believes Fluor is well-positioned to continue growing its diversified backlog and maintain strong margins and earnings momentum.
  
• First Solar (Nasdaq: FSLR) - AmTech believes First Solar is the premier photo voltaic company due to "cost leadership, strategic positioning, and history of execution."
  
• Fuel Systems Solutions (Nasdaq: FSYS) - expects strong fundamentals in the alternative fuels group to persist. AmTech feels Fuel Systems Solutions holds competitive advantages in technological leadership/product performance, the global distribution network, and its manufacturing expertise.
  
• Lockheed Martin (NYSE: LMT) - the firm sees years of growth still ahead for Lockheed Martin amid a recapitalization of military assets within the US.
  
• MercadoLibre (Nasdaq: MELI) - AmTech calls MELI "one of the best open-ended long-term growth stories in all of tech." The firm calls its a play on Latin American eCommerce with high profit growth.
  
• McAfee (NYSE: MFE) - the leader in the resilient security space, boasting a diversified mix of products and improving execution.
  
• Monolithic Power Systems (Nasdaq: MPWR) - the best small-cap semi share gainer
  
• Qualcomm (Nasdaq: QCOM) - the "clean" royalty play on the rapidly growing 3G space
  
• Research In Motion (Nasdaq: RIMM) - AmTech believes Research In Motion is "leading the biggest growth opportunity in large-cap tech and likes that RIMM is currently expanding its portfolio of handsets.
  
• VeriSign (Nasdaq: VRSN) - the firm calls VeriSign's core business "the least sensitive to macro-economy" issues.

You May Also Be Interested In