Certain tech stocks, including Mind, Ituran, and Immersion, are expected to outperform based on their financials.has experienced a 13.5% increase in value since the beginning of the year. Despite a partial retracement last month, the index maintains its upward trend, though its growth is lower compared to the nearly 30% increase recorded during the same period last year.
Currently, Mind's price, which climbed to $2.22 in March, finds support at an average of $1.85 post-dividend distribution. The past year's chart indicates a base has formed at these levels. Following the earnings report, Immersion's price surged, achieving a 32% increase in May and reaching $9.70. According to InvestingPro's fair value analysis, which uses 14 financial models, the stock is still discounted and has an estimated upside potential of around 30%.However, the company recently announced that it will pay its quarterly dividend in July. This may provide an additional demand increase for the shares, which makes regular dividend payments.
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