The following four stocks provided their shareholders with significant outperformance in 2013, which could mean much of 2014 growth is already reflected in the share price. However the outlook for the underlying performance of each company is good with revenues and earnings likely to improve further in 2014. While investors always need to be careful about what price they pay for a company particularly when high growth forecasts are involved, these four stocks could be worth investors taking a closer look at.
Mobile Embrace (ASX: MBE) is an integrated mobile and digital communications company focusing on providing mobile payments and mobile marketing solutions. The stock price has rallied from 2 cents to 23.5 cents this year but with an impressive first-quarter trading update release by the company in November, Mobile Embrace looks well positioned as we head into 2014.
Mint Wireless (ASX: MNW) also operates in the burgeoning mobile payment solutions and mobile transactions space. Shareholders have enjoyed a similar experience to those in Mobile Embrace with the share price increasing from 1 cent to 29 cents over the course of 2013. With a clever device which attaches to a smart phone allowing credit and debit card payments to be made, Mint Wireless could be well positioned to capture a share of the growing market for mobile point of sale payments.
MOKO Social Media (ASX: MKB) is already a $120 million company thanks to its share price having shot up from 2 cents to 29 cents during 2013. With similarities to Facebook, MOKO provide mobile social community platforms to specific audiences such as college students.
BigAir (ASX: BGL) provides fixed wireless broadband solutions to businesses, universities, communities and customers in remote locations. With an increasing demand for wireless communications and often a prohibitively expensive cost to build fixed line telecom infrastructure, BigAir looks well positioned as we head into the New Year.
Foolish takeaway
Investing in technology stocks is not without risks given the speed of change that constantly occurs in the sector. For this reason, investing in tech stocks is generally best done as part of a balanced portfolio.
