Immediately turn your attention to TAIT (Taitron Components, Inc.).
TAIT operates as a distributor of brand name electronic components, and supplier of original designed and manufactured (ODM) electronic components.
The company distributes discrete semiconductors, including transistors, diodes, rectifiers, and bridges; optoelectronic devices, such as LEDs, infrared sensors, and opto couplers; and passive components consisting of resistors, capacitors, and inductors, as well as commodity integrated circuits.
TAIT also provides ODM components, which are manufactured electronic components based on its own engineering specifications under the TCI private label brand through manufacturing partners.
In addition, it offers value-added engineering and turn-key services focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their turn-key projects.
TAIT serves smaller and medium-sized distributors, CEMs, and OEMs in the United States, Mexico, Brazil, Taiwan, China, Canada, and internationally.
The company has strategic alliances with Teamforce Co. Ltd.; Grand Shine Management Limited; and Zowie Technology Corporation.
TAIT was founded in 1989 and is headquartered in Valencia, California.
Market Outlook:
The global market for electronic components is expected to reach $183.9 Billion in 2015.
The global market for electronic components is expected to maintain steady growth over the next few years primarily driven by factors such as increasing demand for consumer electronic goods, especially mobile communication devices, and growing penetration of electronic systems in automobiles.
Robust demand from developing markets, especially Asia-Pacific, also augurs well for the future of this market.
Future growth in the electronic components market will be driven by growing popularity of digital infotainment, rise in penetration of electronic devices among households, fast evolving telecom infrastructure, and growing adoption of laptops/smartphones among enterprises as a key employee mobility tools.
Growing percentage of electronic content per car also brings the automotive industry into the spotlight as a key revenue spinning sector of the future.
Technical Analysis:
TAIT closed yesterday's session down -3.81% at the low price of $1.01...
(That's just 8.6% above the company's 52-week low price of $0.93 per share.)
According to Yahoo Finance, the company has a float of just 4M...
We believe that TAIT is undervalued and oversold, and a huge burst in trading volume could send the company soaring through its 52-week high price of $1.32 per share for more than +30.69% in profit...
We've been very accurate with these NASDAQ/NYSE alerts as of late...
The U.S. stock markets have already opened, and TAIT could already be making a massive double-digit percent move up the chart!
Do not waste another second.
Pull up TAIT on your trading screen without any further delay!
(*Remember to use a Stop-loss Order to protect your gains, as well as limit potential losses.)
To learn more about TAIT, please visit their website: www.TaitronComponents.com
