10 Best High Tech Stocks To Watch Right Now

Another year, another earnings season for Textron (NYSE: TXT  ) .

On Wednesday, the Providence, R.I.-based defense contractor issued its first quarterly earnings release for fiscal 2013, and the news was -- there's really no way to sugarcoat it -- not great. Of course, you've probably already gathered that much from the stock's 13% sell-off, but here are the gory details:

Q1 revenues were essentially flat at $2.9 billion. Income from continuing operations dropped 2.5% to $0.40 per share. The company was cash flow-negative, burning through $425 million in Q1. Companywide, free cash flow for the first fiscal quarter came to negative $545 million -- more than twice last year's Q1 cash burn of $250 million.

Business jets were to blame for much of the weak performance. Summing up the quarter, Textron CEO Scott Donnelly called growth "strong" at the Bell, Textron Defense, and E-Z-GO segments but said the business jet market seems "soft." Deliveries were down, backlog shrank, and the company booked a loss for the quarter.

10 Best High Tech Stocks To Watch Right Now: FormFactor Inc.(FORM)

FormFactor, Inc. designs, develops, manufactures, sells, and supports semiconductor wafer probe card products and solutions worldwide. Its wafer probe card is used as an interface to connect electrically with and test individual chips on a wafer. The company?s wafer probe cards are also used to test dynamic random access memory (DRAM) chips, including double data rate (DDR), DDR2, DDR3, SDRAM, PSRAM, mobile DRAM, graphic DRAM, NOR and NAND flash memory chips, serial data devices, chipsets, microprocessors, microcontrollers, and analog devices. It serves manufacturers in the DRAM, flash, and system on chip markets through direct sales force, independent sales representatives, and value added resellers. FormFactor, Inc. was founded in 1993 and is headquartered in Livermore, California.

10 Best High Tech Stocks To Watch Right Now: A-sonic Aerospace Limited (A53.SI)

A-Sonic Aerospace Limited, an investment holding company, engages in aerospace engineering and logistics businesses. It supplies aircraft systems and components to airlines and aviation maintenance repair organizations, as well as offers retrofit solutions and aircraft maintenance management services; and provides academic and technical education relating to logistics, transportation, and commerce to industrial and commercial enterprises. The company also engages in the purchase, sale, and lease of aircraft. In addition, it provides supply chain management services; logistic solutions, including international and domestic multi-modal transportation, freight forwarding, warehousing, distribution, and customs clearance; airport ground services for cargo, as well as specialized active and passive packaging solutions; and air cargo management services. Further, the company acts as an air cargo general sales agent for various international airlines. It operates in Asia, sub-con tinent India, the Americas, and Europe. The company is based in Singapore.

Top 5 Beverage Stocks To Own Right Now: Qualstar Corporation(QBAK)

Qualstar Corporation designs, develops, manufactures, and sells automated magnetic tape libraries used to store, retrieve, and manage electronic data primarily in network computing environments worldwide. Its tape libraries consists of cartridge tape drives, tape cartridges, and robotics to move the cartridges from their storage locations to the tape drives under software control. The tape libraries also provide data storage solutions for organizations requiring backup, recovery, and archival storage of critical electronic information. The company also offers ancillary products related to its tape libraries, such as tape media, tape magazines, cables, bar code labels, and fiber channel adapters. In addition, it designs, develops, and sells switching power supplies that are used to convert alternate current line voltage to direct current voltages for use in electronic equipment, such as telecommunications equipment, servers, routers, switches, lighting, and gaming devices. Qualstar Corporation sells its tape drive products primarily to value added resellers and original equipment manufacturers, as well as switching power supplies primarily to original equipment manufacturers, contract manufacturers, and distributors. The company was founded in 1984 and is headquartered in Simi Valley, California.

10 Best High Tech Stocks To Watch Right Now: Intuitive Surgical Inc.(ISRG)

Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems for various surgical procedures, including urologic, gynecologic, cardiothoracic, general, and head and neck surgeries. Its da Vinci surgical system consists of a surgeon?s console or consoles, a patient-side cart, a 3-D vision system, and proprietary ?wristed? instruments. The company?s da Vinci surgical system translates the surgeon?s natural hand movements on instrument controls at the console into corresponding micro-movements of instruments positioned inside the patient through small puncture incisions, or ports. It also manufactures a range of EndoWrist instruments, which incorporate wrist joints for natural dexterity for various surgical procedures. Its EndoWrist instruments consist of forceps, scissors, electrocautery, scalpels, and other surgical tools. In addition, it sells various vision and accessory products for use in conjunction with the da Vinci Surgical System as surgical procedures are performed. The company?s accessory products include sterile drapes used to ensure a sterile field during surgery; vision products, such as replacement 3-D stereo endoscopes, camera heads, light guides, and other items. It markets its products through sales representatives in the United States, and through sales representatives and distributors in international markets. The company was founded in 1995 and is headquartered in Sunnyvale, California.

Advisors' Opinion:

• [By Jim Lowell]

  Intuitive Surgical (ISRG: 329.49 0.00%) is an expensive stock and their stock price is currently well below the $400 level that it flirted with in April. However, the stock is a compelling growth story with revenues and earnings expected to climb 19% in 2011. The company faces little competitive pressure and 2011 is likely the year that consumers opt for procedures that they delayed in 2009-10. That could produce some blowout earnings results for ISRG in 2011.

• [By Jim Lowell]

  Intuitive Surgical (ISRG: 329.49 0.00%) is an expensive stock and their stock price is currently well below the $400 level that it flirted with in April. However, the stock is a compelling growth story with revenues and earnings expected to climb 19% in 2011. The company faces little competitive pressure and 2011 is likely the year that consumers opt for procedures that they delayed in 2009-10. That could produce some blowout earnings results for ISRG in 2011.

10 Best High Tech Stocks To Watch Right Now: Long Harbour Capital Corp (LHC.V)

Long Harbour Exploration Corp. engages in the acquisition and exploration of mineral resource interests in Canada. It owns a 100% interests in the Madison and 2Z Lake uranium properties located in the prolific Eastern Athabasca Basin. The company was formerly known as Long Harbour Capital Corp. and changed its name to Long Harbour Exploration Corp. in June 2011. Long Harbour Exploration Corp. was incorporated in 2004 and is based in Vancouver, Canada.

10 Best High Tech Stocks To Watch Right Now: Joyas International Hldgs Ltd (E9L.SI)

Joyas International Holdings Limited, an investment holding company, engages in the design, manufacture, trading, packaging, and sale of metal gift, jewelry, and packaging products. It operates in three segments: Metal Gift Products, Jewelry Products, and Packaging and Other Items. The Metal Gift Products segment provides fashion accessories, including lipstick holders, compact mirrors, perfume atomizers, cufflinks, tie pins, and smoking accessories; desk top accessories, such as writing instruments, writing pad holders, calculators, and photo frames; computer accessories comprising keyboards, mice, and mouse pads; table top accessories, including candle stands, serving items, and bar ware; and time items, such as desk, travelling, carriage, functional, and pocket clocks. It designs and manufactures these products for international brands and designer labels, and other corporations to be used as corporate gifts. This segment sells its metal gift products under the Argent b rand name through its franchisees. It exports its products to Europe, the United States, and Asia, as well as sells through its franchisees� retail outlets in the People�s Republic of China and Hong Kong. The Jewelry Products segment involves in the design of jewelry products and subcontracts the manufacture of these products to independent third party subcontractors. It serves jewelry agents and retailers in Hong Kong and internationally. The Packaging and Other Items segment engages in designing, manufacturing, and selling packaging products. This segment also manufactures and sells print items, such as designed boxes for gift packaging, coasters, cloth bags, and board games. Joyas International Holdings Limited was incorporated in 2006 and is based in Kowloon, Hong Kong.

10 Best High Tech Stocks To Watch Right Now: Victoria(VCP.L)

Victoria PLC engages in the manufacture and sale of carpets, carpet yarns, and floor coverings for the residential and commercial markets in the United Kingdom, Ireland, Australia, and Canada. The company offers tufted and woven carpets, green carpets, and rugs. It also supplies woven wilton broadloom carpets and carpet tiles for the corporate, hospitality, and commercial sectors; and Axminster carpets, and wilton and tufted carpets for the residential and contract sectors. In addition, the company engages in the import and distribution of wool and floor coverings. It sells its products under Victoria Carpets, Navan Carpets, Munster Carpets, Colin Campbell, and Nature?s Carpet brand names. Victoria PLC was founded in 1895 and is headquartered in Kidderminster, the United Kingdom.

10 Best High Tech Stocks To Watch Right Now: Computer Sciences Corporation(CSC)

Computer Sciences Corporation provides information technology (IT) and professional services to governments and commercial enterprises. The company?s IT outsourcing services comprise operating customer?s technology infrastructure, including systems analysis, applications development, network operations, desktop computing, and data center management services; business process outsourcing; managing transactional business functions for clients, such as procurement and supply chain, call centers and customer relationship management, credit services, claims processing and logistics. It also offers cloud computing and cyber security protection services. In addition, the company provides range of services in the areas of infrastructure as a service, software as a service (SaaS), business process as a service, platform as a service, and other technologies. Further, its IT and professional services consist of systems integration, including designing, developing, implementing, and i ntegrating information systems; and management consulting, technology consulting, and other professional services, consist of advising clients on the strategic acquisition and utilization of IT and on business strategy, security, modeling, simulation, engineering, operations, change management, and business process reengineering. Additionally, the company licenses software systems, including SaaS offerings for the financial services and other industry-specific markets; and provides a range of end-to-end business solutions. It has its operations primarily in North America, Europe, Asia, and Australia. The company was founded in 1959 and is based in Falls Church, Virginia.

Advisors' Opinion:

• [By Vatalyst]

  Shares are trading at $30 against their 52-week trading range of $25.60 to $56.61. At the current market price, the company is capitalized at $4.65 billion. The company earned $4.299 per share last year, trades on a price to earnings ratio of 6.01 and paid a dividend of $0.80 (a yield of 2.70%), which is covered more than six times by its earnings.

  Computer Sciences clients for its service based business are mostly governmental and corporate. Quarterly revenue growth of 3% may come under further pressure if spending is capped further as governments’ attempt to control budget deficits. Its operating margin of 5.96% would suffer under such a scenario. However, it may be able to continue with its well-covered dividend in the short to medium term, even if earnings are eroded. A buy for the longer term and ahead of economic recovery, but in the shorter term investors may prefer Accenture (ACN) that benefits from a more diversified client portfolio, operating margins of 13%, and a dividend yield of 2,40% that is 2.5 times covered by its earnings.

10 Best High Tech Stocks To Watch Right Now: Discovery Laboratories Inc.(DSCO)

Discovery Laboratories, Inc., a biotechnology company, focuses on developing products for the treatment of respiratory disease. The company?s product pipeline includes Surfaxin, a synthetic, peptide-containing surfactant that has completed Phase-III pivotal trial for the prevention of respiratory distress syndrome (RDS) in premature infants; Surfaxin LS, a lyophilized dosage form of Surfaxin in Phase-III clinical trials, which enhances ease of use for healthcare practitioners; and AEROSURF, a drug-device combination product that has completed first pilot Phase II clinical study of aerosolized KL4 surfactant for the prevention of RDS in premature infants. It has license agreements with Philip Morris USA Inc.; Philip Morris Products S.A.; Johnson & Johnson; and Ortho Pharmaceutical Corporation for its capillary aerosolization and KL4 surfactant technologies. The company also has a strategic alliance with Laboratorios del Dr. Esteve, S.A. for the development, marketing, and sale of a portfolio of potential KL4 surfactant products in Andorra, Greece, Italy, Portugal, and Spain. Discovery Laboratories, Inc. was founded in 1992 and is headquartered in Warrington, Pennsylvania.

10 Best High Tech Stocks To Watch Right Now: Rathbone Bros.(RAT.L)

Rathbone Brothers Plc, through its subsidiaries, provides investment management services and related professional advice to private individuals, trustees, charities, pension funds, and professional advisers in the United Kingdom and Jersey. The company offers discretionary, charity, and ethical investment management, as well as unit trusts, tax planning, trust and company management, pension advice, and banking services. Its trust and tax services consist of taxation services, such as compliance and planning; probate services; trust services, including trust formation, administration, accounting and provision of trustees, and protectors; and family office services. The company also provides financial planning, private banking, offshore fund management, and trust administration services. In addition, it offers self-invested personal pensions administration services. Rathbone Brothers was founded in 1742 and is headquartered in London, the United Kingdom.