Oberweis Sees Strong Tech Stock Wave

Newsletter guru Jim Oberweis says he’s finding a lot of attractive tech stocks in the market right now. Oberweis tells Forbes that tech stocks — which he says were selling at “absurdly low” valuations in 2008 — have appreciated over the past few years, but only in amounts that are in line with earnings gains. He thinks many should benefit from pent-up demand for capital upgrades among corporations, and he also thinks tech firms are putting a lot of money into important innovation and development. He says there is a “wave of technology stocks” that have been increasing earnings, widening profit margins, and enjoying increased adoption of their products, in part due to new innovations like cloud computing.