3 Stocks To Buy That Have Already Shined At CES

The International Consumer Electronics Show, known simply as “CES,” is one of the biggest events in the world of technology. CES has grown in prominence and importance every year since it began back in 1967, and the 2018 iteration is already off to a hot start.

Game-changing products, including Bill Gates’ introduction of Microsoft’s (NASDAQ:MSFT) Xbox in 2001, have made their debuts in previous years. This year, over 3,900 companies, from manufactures to content providers, will showcase innovations at CES. The list includes start-ups as well as global tech powers and automotive giants.

CES 2018 officially runs from Jan 9 -12 in Las Vegas, but there have already been some major announcements from big-name companies during the early stages of the show. With that said, let’s take a look at three stocks to buy that have already wowed at CES 2018:

1. Panasonic Corporation (OTC:PCRFY)

This Japanese electronics company introduced a “unified software platform connecting the mobile and digital worlds” titled the “Digital Solution Center” at CES. Panasonic also announced its third generation communication network for airlines, which includes partnerships with Southwest (NYSE:LUV) and United Airlines (NYSE:UAL) . The company also introduced its new smart speaker that will come integrated with Google (NASDAQ:GOOGL) Assistant (NASDAQ:GOOG) .

.@Panasonic unveils their Digital Solution Center, a unified software platform connecting the mobile and digital worlds. #CES2018 #PanasonicCES pic.twitter.com/sELQqXIHnN

— CES (@CES) January 8, 2018

Panasonic is currently a Zacks Rank #2 (Buy) and sports an “A” grade for Value in our Style Scores system, which helps it earn an overall “B” VGM score. The company’s P/S ratio of 0.52 and 2.22 P/B ratio fall below the “Audio Video Production” industry average and help represent great bang for investors’ bucks. On top of that, the company is trading at a solid 21.32x earnings, which also marks a discount compared to its industry’s average.

2. Nvidia (NASDAQ:NVDA)

This beloved Wall Street A-Lister announced its new augmented reality, driverless car technology called “Nvidia Dive AR.” The software aims to “deliver information points of interest along a drive, create alerts, and navigate safely and easily.” Nvidia also announced partnerships with Volkswagen (OTC:VLKAY) and Uber that will see the chipmaker bring its AI tech to the auto companies’ respective self-driving car projects.

NVIDIA and @Volkswagen to infuse #AI into future vehicle lineup, starting with the I.D. Buzz. #CES2018 https://t.co/RqY2gN2Mr6 pic.twitter.com/IBuwew4PKq

— NVIDIA DRIVE (@nvidiadrive) January 8, 2018

Shares of Nvidia touched a new 52-week intraday trading high of $225 per share on Monday as part of what has been an already impressive run for the graphics chip giant. Yet, investors who are worried that the company might not have room to climb higher should note that Nvidia has received eight upward earnings estimate revisions for its current quarter against zero downgrades, all within the last 60 days.

Nvidia also earned this same ratio for its current full year and the following year. Nvidia is currently a Zacks Rank #1 (Strong Buy) and sports an “A” grade for Growth in our Style Scores system.

3. Toyota Motor Corporation (NYSE:TM)

This Japanese automotive power announced that it projects to have a fully electric vehicle lineup by 2025. Furthermore, Toyota debuted its new e-Palette autonomous vehicle at the electronics showcase.

.@Toyota unveils their e-Palette electric autonomous vehicle, giving highly customizable experiences from ridesharing, mobile marketplaces and productivity. #CES2018 pic.twitter.com/xaZSQfdKvd

— CES (@CES) January 8, 2018

Toyota is currently a Zacks Rank #2 (Buy) and earned a “B” VGM grade, which was bolstered by its “A” grade for Value in our Style Scores system. The company is currently trading at just 11.18x earnings, which marks a discount compared to the S&P 500’s average.

Furthermore, Toyota’s 1.17 P/B ratio marks a discount against the “Automotive – Foreign” industry average, while its P/S ratio of 0.77 also helps demonstrate strong value. Following Monday’s big announcements, shares of Toyota closed at a new 52-week high of $134.77 per share.

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