begun, the streaming wars have a

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November 2019 Vol. 4 Issue 1

Begun, the Streaming Wars Have

few weeks ago, I had the honor of taking part in

the March for the Fallen. This is an event

sponsored by the Pennsylvania National Guard

to commemorate those who have fallen in combat for

our county. It's a great event, and a number of gold star

families participate as well.

The March is a 28-mile trek around Fort Indiantown

Gap. It begins before the sun is fully up and lasts

several hours. Since I was a newbie to the event, your

humble editor chose the less strenuous 14-mile option.

I finished proud and strong after four hours and

change. I noticed something interesting. When we all

started, the marchers were bunched up in a mass. But

gradually, the herd started to thin out, and after a few

miles, I only saw small groups of people.

After a few more miles, I was walking by myself. Even later, I could barely see the next

person a few hundred yards away.

For anyone familiar with statistics, the concept of dispersion is pretty basic stuff. Still,

to see it work in real-time and work so dramatically is humbling. The concept works

in finance as well.

I can think of so many industries that started with tons of competitors. Yet only a few made it. There used to

be hundreds of U.S. automobile makers, but it didn't take long for the auto industry to be known as the Big

Three.

We may be witnessing this again with the advent of the Streaming Wars. Everyone, it seems, is getting in, but I

wonder how many will be left. I think there’s already a player with a dominant position and it’s Disney (DIS),

which is this month’s new buy.

You may not think of Disney as the kind of growth stock we go for here. I want to dissuade any concerns you

may have. Disney may be bigger and better-known, but it has the precise characteristics that we look for

around here. Disney has the potential to own the streaming space. I'm very excited about this new addition. I’ll

tell you all about it inside.

A In This Issue Disney ................................................. 3

Time to Sell Kroger ............................. 5

Top 5 Stocks for November ................ 6

October Earnings Reports ................... 7

November Earnings Preview .............. 12

Current Portfolio ................................ 15

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We’ve had some nice winners lately at Growth Stock Advisor. Taiwan Semiconductor (TSM) had an

impressive earnings report, and the shares rallied to a new high. So did Aptiv (APTV). Rockwell Automation

(ROK) and Cognex (CGNX) both increased their dividends recently. Shares of Americold (COLD) have made

several new highs lately. It’s nearly a 50% winner for us in less than a year.

Let’s keep the winning ways going. This is an important issue for us. The Federal Reserve just lowered interest

rates for the third time in three months. This is a big help for the market and our kind of investing. In fact, the

S&P 500 recently hit a new all-time high.

We’re currently going through the third-quarter earnings season. So far, the results have been pretty good for

us. I’ll bring you up to date on all the results so far.

Also, in this issue, I have a new Top 5 list for you. If you're new to the service, the Top 5 is a great place to start.

Ideally, you want to have at least eight to ten stocks in your portfolio, and the Top 5 is a good jumping-off

point.

This month, I’m recommending you sell your position in Kroger (KR). This was a tough decision. I really like

the strategy Kroger has chosen. Their execution, however, is not what we expected. We gave the company time

to prove itself, but I’m afraid it hasn't panned out as we hoped. Use your proceeds to add our new buy and any

excess funds in our Top 5.

Later on, I’ll also preview the reports coming our way in November. There’s a lot to get to this month, so let’s

jump into the November 2019 issue of Growth Stock Advisor.

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New Buy for November: Disney (DIS)

Charlie Munger, Warren Buffett’s partner, once described Disney (DIS) as like an oil company that can put its

oil back in the ground once it’s done so it can drill it out again. His point is that Disney has so much content

that it can reintroduce it generation after generation.

Make no mistake, this is a revolution in the way we consume news and entertainment. Barron’s calls it a

“streaming TV revolution,” and that’s exactly right. The cord-cutting movement has given way to the

Streaming Revolution.

Fortune claims viewers are “ditching cable for streaming faster than anyone expected.” Over 133 million

Americans a month are streaming TV now. Can you imagine a future without cable TV? It might be here sooner

than expected.

Disney intends to own the future of streaming. For the last several years, Disney has pursued a strategy of

buying great entertainment assets. In 2003, Disney bought Pixar. Since Steve Jobs owned half of Pixar, he got a

seat on Disney’s board. Today, his widow is Disney’s largest shareholder.

Three years later, the company bought Marvel Entertainment. That brought Spider-Man and all his superhero

friends inside Disney’s scope. Three years after that, Disney shelled out $4 billion to buy Lucasfilm. Now

Mickey Mouse owns Star Wars.

Then Disney got aggressive.

In 2017, the company struck a major deal with Fox. Disney bought several of Fox’s assets like the 20th Century

Fox film and TV studio, plus cable channels like FX.

It’s staggering to think how much content Disney owns. Everything from Yoda to Spider-Man to Bart Simpson.

At the beginning of this year, the movie website Fandango, listed the ten most anticipated movies of 2019.

Seven of them were Disney films and that didn’t include Frozen 2.

This is the key fact: Disney’s new Disney+ streaming service will have it all. The company can reintroduce Star

Wars or Frozen or The Lion King to each generation. Now you see what Charlie Munger meant.

Right now, I’m focusing on Disney’s strength in the streaming sector. But let’s not forget that Disney is a

powerhouse in so many areas. Disney also owns ESPN which seems to be turning a corner. Of course, Disney

has the theme parks which are as popular as ever. More than one-third of Disney’s total revenue comes from

parks and resorts. Disney also owns a majority stake in National Geographic’s commercial activities.

And don’t forget Mickey!

Last year, Disney did nearly $60 billion in total revenue. That’s double what it did in 2003.

Disney is slated to report Q3 earnings on November 7. The consensus of the analyst community expects

earnings of 95 cents per share. I’m expecting more good news.

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But the other big date is November 12. That’s when Disney will finally launch its Disney+ service. This is what

Disney has been building up to. The entire Disney vault, plus Fox and Star Wars and superheroes, will be

available on your phone or laptop. There will be original content as well. This is the future we’ve been waiting

for.

The basic Disney+ service will start at $6.99 per month, or $69.99 for one year. That’s less than two cents a

day. Within two years, Disney plans to have global rollout of Disney+. I’m excited to see what Disney has

planned next.

I’m starting Disney as a buy up to $140 per share.

Recommendation: Buy DIS up to $140 per share.

Editor’s Personal Position: None.

5


Time to Sell Kroger (KR)

It’s time for us to sell our position in Kroger (KR). This was a difficult decision but a necessary one because I

really like the story at Kroger. The grocery chain is trying to harness Big Data to get a leg up on its competition.

The plans are bold however, the payoff is still unclear. The problem is that Kroger has had to make large

upfront investments in expensive technology as part of their new strategy. We understood that it would take

some time to see the results and we’ve been more than patient, but the challenges the company faces are

larger than it initially realized.

The problems are becoming harder to ignore. Recently, a leaked internal memo indicated that Kroger’s efforts

to brand itself are failing. Last month, Kroger announced hundreds of layoffs. Senator Elizabeth Warren

criticized the company on Twitter. That’s not the kind of attention Kroger needs.

The earnings haven’t been that good, and the expected sales growth is fairly mediocre. I had been hoping for

more from Kroger.

We added the stock 14 months ago and it hasn’t been a strong performer for us. One silver lining is that shares

of KR have bounced off the lows from this summer. The shares are up more than 20% from the low reached in

July. That gives us a nice opportunity to exit are positions on a rebound.

Use the proceeds from Kroger to invest in Disney, this month’s new buy.

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Top 5 Stocks for November

Here are our Top 5 stocks for November. For new investors, start here to build your growth-oriented portfolio.

Please pay close attention to our buy prices. They’re listed for your protection.

1. Ansys (ANSS) returns as our #1 stock this month. The next earnings report is due out on November 6.

In August, the software firm reported blow-out earnings. Ansys earned $1.61 per share which beat

estimates by 33 cents per share. For 2019, Ansys sees earnings coming in between $5.98 and $6.28 per

share. Wall Street’s estimate for Q3 is for $1.26 per share. Ansys is a buy up to $235 per share.

2. Paycom Software (PAYC) is our #2 stock this month. The company has a great business helping HR

departments across the country streamline their operations. Paycom’s Q3 report came in at 70 cents

per share which was three cents more than estimates. Revenues rose 35% to $ 175.0 million. The CEO

said the company had a “particularly strong quarter.” Paycom is a buy up to $230 per share.

3. Aptiv (APTV) had a very good Q3 earnings report and the shares broke out to a new high. During the

third quarter, Aptiv generated $325 million of cash from operations and returned $100 million to

shareholders in the form of buybacks and dividends. I’m very pleased with this earnings report. For

the entire year, the company expects earnings of $4.62 to $4.68 per share. Buy up to $100 per share.

4. SolarEdge Technologies (SEDG) is the stock that refuses to quit. The shares beat back a down draft in

September to reach another 52-week high. Earnings are due out on November 6. The shares have

jumped more than 20% immediately following the last two earnings reports. For the upcoming report,

the consensus on Wall Street is for earnings of $1.16 per share. SolarEdge is a buy up to $96 per share.

5. American Tower (AMT), one of our real estate investment trusts, recently announced a major deal

with AT&T. The company also released a very good Q3 earnings report (more on that in the next

section). American Tower is riding the wave of 5G. They currently own 171,000 towers around the

world and the AT&T deal will certainly help. American Tower is a buy up to $230 per share.

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Our October Earnings Reports

Third-quarter earnings season started in October and we had several earnings reports last month.

Let’s start with Ericsson (ERIC). The Swedish telecom company is betting big on 5G, and that bet is

paying off. Currently, about 40% of the world’s mobile phone traffic is carried through Ericsson

networks. Ericsson estimates that within the next five years, half the world will be on 5G.

On October 17, Ericsson company said it made 18 cents per share for its third quarter which was well

ahead of Wall Street’s estimates for seven cents per share. The numbers were very solid.

Ericsson said that 5G is catching on faster than expected. I wasn’t surprised to see Ericsson raise its

sale forecast for next year by 10%. The company now expects sales for 2020 as high as $24.5 billion.

For the quarter, Ericsson’s adjusted operating earnings rose to 6.5 billion crowns. That’s up from 3.8

billion crowns last year. That works out to an operating margin of 11.4%. Importantly, Ericsson said

that it’s not seeing any benefit from the blacklisting of Huawei.

Last year, Ericsson said it expected to see 1.5 billion 5G subscribers by the end of 2019. The company

later lifted that forecast by 27% to 1.9 billion.

The challenge for the company is that it needs to win large 5G contracts and it’s competing against

big rivals likes Nokia. What some investors are missing is that winning these contracts now will help

margins in the long run.

The stock had been in a downtrend, but that reversed during September. Ericsson will benefit

massively from the world of 5G.

(Note: When you have a moment check out our two new special reports on 5G technology and the

dominant stocks in the sector here and here.)

There’s a lot to like about Taiwan Semiconductor (TSM). For one, the company controls half the

worldwide foundry business.

TSM has dominated Apple's chip production ever since Apple became Taiwan Semi's biggest client in

2015. Since the launch of the iPhone 7 in 2016, TSM has been the sole supplier of central processing

units for Apple's smartphones. The company was the first to offer seven-nanometer chip production

at significant volume.

On October 17, Taiwan Semi reported Q3 earnings of 62 cents per share which was two cents more

than analyst consensus. The company generated $9.4 billion in sales for the quarter. That also topped

consensus. For Q4, TSM sees sales of $10.2 billion to $10.3 billion. Wall Street has been expecting

$9.8 billion.

https://www.investorsalley.com/wp-content/uploads/GSA-An-Investor%E2%80%99s-Guide-to-the-5G-Revolution-Happening-Today.pdf

https://www.investorsalley.com/wp-content/uploads/GSA-The-Only-5G-Company-You-Need-to-Buy-for-Windfall-Gains.pdf

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The company significantly raised its capex spending plans for 2019 to a range of $14 billion and $15

billion. We added Taiwan Semi at a time when their business was somewhat weak, but our thesis was

that demand would soon return. That’s happening.

Since mid-June, the shares have rallied more than 40%. Taiwan Semi is turning into a big winner for

us.

Over the summer, Cognex (CGNX) gave a fairly conservative outlook for the third quarter. Cognex

said it expecting Q3 revenues between $175 million and $185 million, and gross margins in the mid-

70% range. I’m pleased to say that easily hit those targets.

On Monday, October 29, Cognex reported Q3 earnings of 23 cents per share. That beat estimates by

two cents per share. Revenue came in at $183 million and gross margin hit 74%. The company also

raised its dividend by 10%. The quarterly payout will rise from five cents to 5.5 cents per share.

The trouble for Cognex is that growth is slowing down. Quarterly revenue is down over 20% from a

year ago. The sales drop is most acute in consumer electronics, particularly smartphones.

Cognex is the world’s leading supplier of machine vision products. In short, they help machines see.

These products have dozens of applications. For example, they make code readers that deliver a fast

and accurate reading of both 1-D and 2-D barcodes. Apple is their largest customer.

For Q4, Cognex expects revenues between $155 million and $165 million. Again, the company sees

gross margins in the mid-70% range. The shares have been in an uptrend since the summer, but I

want to see better numbers from Cognex.

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FireEye (FEYE) could be the hottest stock in our portfolio. The Israel cyber-security stock gained

more than 18% for us in October. Overall, this hasn’t been a strong year for FireEye.

On October 29, FireEye reported Q3 earnings of two cents per share. That was one penny more than

estimates. Revenue rose 7% to $226 million. Previously, FEYE told use to expect EPS between zero

and two cents on revenue of $217 million and $221 million

The key to understanding FireEye is that they’re shifting their business to a subscription-based

model. Subscriptions are helpful because this seems to bring in the customers while increasing

penetration with existing customers, both of which will drive revenue growth.

That will take time. For Q4, FireEye sees earnings of four cents per share on revenue of $224 to $228

million. Wall Street had been expecting four cents per share on $224.1 million. For all of 2019,

FireEye sees revenues ranging between $878 million and $882 million. That’s a modest increase

from the previous guidance.

That’s down from the previous guidance of $890 million to $900 million. For Q3, FireEye expects

revenue between $217 million and $221 million and EPS between zero and two cents. The stock’s

bullish trend appears to be intact.

Also, on October 29, Paycom Software (PAYC) reported Q3 earnings of 70 cents per share. That’s three

cents more than estimates. The CEO said Paycom had a “particularly strong quarter.” Revenues rose

35% to $ 175.0 million.

The shares got rocked hard in September, but it wasn’t Paycom’s fault. Some analysts soured on the

cloud sector and that dinged most every stock in the sector. In my opinion, that’s a mistake because

Paycom is quite a different player.

What Paycom does is it makes and sells software that lets companies easily hire, manage, train, and

most importantly, pay their employees. Their job is to make your human resources department more

manageable. This isn’t so easy in the modern business climate.

HR departments have to deal with lots of government regulations, on top of needs specific to their

industries. That’s not so difficult for a large corporation, but the HR requirements for a small start-up

can be a major headache.

The advantage that Paycom brings is that its software centralizes the whole process. Paycom

currently has over 23,500 clients, and the annual retention rate consistently exceeds 90%.

This was a very good report and the shares continue to hold up well for us. For Q4, Paycom sees

revenue between $188.5 million and $190.5 million, and adjusted EBITDA between $72.0 million and

$74.0 million. Paycom returns as the #2 stock on our Top 5 list.

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In last month’s issue of Growth Stock Advisor, I told you to “look out for more good news” from Aptiv

(APTV), and that’s exactly what we got. Shares of Aptiv broke out to a new 52-week high after the

company reported better-than-expected earnings.

On October 30, Aptiv said it made $1.27 per share for Q3. That beat the Street by a penny per share.

However, that includes a hit of 10 cents per share due to the GM strike. Wall Street still tends to see

Aptiv as an old-line auto parts firm. In reality, Aptiv is working on the future of mobility. It’s at the

center of the self-driving revolution. Aptiv could be a long-term winner for us.

During the third quarter, Aptiv generated $325 million of cash from operations and returned $100

million to shareholders in the form of buybacks and dividends. I’m very pleased with this earnings

report. For the entire year, the company expects earnings of $4.62 to $4.68 per share. I’m moving

Aptiv up to the #3 spot on this month’s Top 5 list.

American Tower (AMT) continues to be one of my favorite 5G stocks. AMT is a Real Estate

Investment Trust (REIT) that’s in the cell phone tower business. Tower companies lease the space on

their structures to several tenants like wireless carriers and government agencies.

American Tower has over 171,000 tower sites. What I like is the economics of this business. As the

company explained to Bloomberg, “single-tenant towers have gross margins of 40% from rentals…

two tenants have 74% margins… three tenants have 83% margins.”

For Q3, AMT reported earnings per share of $1.93 on revenue of $1.95 billion. Those are very good

numbers. The stock pulled back some recently, but I suspect the earnings results have halted the

decline. AMT currently yields 1.7%, and it’s our #5 stock this month.

For Q3, Xylem (XYL) made 82 cents per share which matched Wall Street on the nose. The water

technology company lowered its full-year guidance range to $3.01 to $3.03 per share. The previous

range was $3.12 to $3.22 per share. The CEO blamed “near-term softness in those market

environment” for the lower guidance.

Tyler Technologies (TYL) is our new buy from last month. Tyler is the largest U.S. software that’s

solely focused on the public sector. That’s a nice market to focus on since the government has deep

pockets and never goes bankrupt. You would be shocked to learn how many government offices still

use filing cabinets.

Tyler’s software comes in handy for a local government trying to manage its mission. This includes

dozens of different applications. Local governments have to do a lot from managing payroll and

accounting to billing and HR management. Tyler helps smooth the process. More importantly, it

controls costs.

For Q3, Tyler made $1.35 per share. The company signed a record number of clients. Organic revenue

grew by 8.9%. Importantly, more than two-thirds of all revenue is now recurring.

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This is a big advantage. Tyler projects full-year earnings of $5.22 to $5.35 per share. I think they

should be able to top $5.30 per share.

This looks to be Tyler’s first billion-dollar year. The company sees 2019 revenues between $1.09

billion and $1.103 billion.

Materialise (MTLS) earned two cents per share for Q3. Technically, the consensus was for five cents

per share, but that’s only based on two analysts. The company is a leading provider of additive

manufacturing and medical software and of sophisticated 3D printing services.

Peter Leys, the Executive Chairman, said, “Materialise reported another quarter of top-line growth in

our three segments in spite of a macro-economic environment that continues to be challenging.

Strong operational performances in all three segments produced a record quarterly Adjusted EBITDA

of more than 8 million euro.”

“We are particularly pleased with the accelerated pace of our software sales, which were as we

anticipated. We are continually working to increase the productivity of the additive manufacturing

industry and look forward to introducing new product upgrades at next month’s Formnext in

Frankfurt.”

For 2019, Materialise sees revenue of 196 million to 204 million euros, and EBITDA of 29 million to

33 million euros.

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November Earnings Preview

We have several more earnings reports coming our way this month.

Expedia (EXPE) is due to report Q3 earnings on November 6. I’m very curious to hear what the

online travel agency has to say because the numbers for Q2 were quite good.

The results were aided by higher growth in vacation rentals. This is nice to see since the two prior

quarters had seen a decline in sales growth.

Expedia made a key decision to change the name of its short-term vacation rentals unit to Vrbo

instead of HomeAway. Vrbo makes up about 10% of Expedia’s total business but it gets a lot of

attention because there’s enormous growth potential. Also, that’s where rival Airbnb is.

Expedia’s Q2 earnings rose to $1.77 per share which was ten cents more than Wall Street’s

consensus. For the quarter, total revenue rose to $3.15 billion.

What’s interesting is that Expedia is the longest-held stock in our portfolio. We added it to the

portfolio in February of 2017. Yet the stock has really started to rally for us since Memorial Day. For

Q3, the consensus on Wall Street is for earnings of $3.83 per share.

SolarEdge Technologies (SEDG) is also due to report on November 6. This is the stock that refuses

to quit. The shares drop sharply in August and September, but SEDG soon rallied to another new

high.

Measuring from the December low just before Christmas, SolarEdge has tripled for us. SolarEdge is

being helped by the U.S. government finally putting the squeeze on Huawei. Over the summer, the

company recently raised sales guidance by a lot.

SolarEdge soared 25% the day after the last earnings report, and it soared 23% the day after the

earnings report before that! Let’s see if it happens again. For Q3, Wall Street expects earnings of

$1.16 per share. SolarEdge is our #4 stock for November.

Ansys (ANSS) returns as our #1 stock this month. We added it in June and it’s already become a nice

winner for us. Ansys is also due to report on November 6.

In August, the software firm reported blow-out earnings. Ansys earned $1.61 per share which beat

estimates by 33 cents per share. For 2019, Ansys sees earnings coming in between $5.98 and $6.28

per share.

Wall Street expects earnings of $1.26 per share.

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Three months ago, Microchip Technology (MCHP) reported earnings of $1.41 per share. That beat

Wall Street’s view by four cents per share. The CEO said, “Our June quarter financial results were

better than we expected in spite of a challenging economic environment.” I agree.

There’s a good chance that MCHP’s microcontrollers can be found throughout your house. MCHP had

a tough start in its corporate life. It was a failing spinoff of General Instrument that was acquired by

venture capitalists in 1989. It then IPO’d in 1993.

Luckily, it has had good management teams and has grown through acquisitions and today is a major

producer of microcontrollers. I also like that over the past year, MCHP has paid down $1.4 billion in

debt.

For fiscal Q2 (the September quarter), Microchip sees sales ranging between $1.323 billion and

$1.375 billion and earnings of $1.37 to $1.49 per share. Results are due out on November 7.

Also, on November 7, Americold (COLD) is due to report. The company is the largest REIT that’s

focused on owning and running temperature-controlled warehouses.

Americold owns and operates 156 such warehouses with approximately 928 million refrigerated

cubic feet of storage. They now serve more than 2,400 customers worldwide.

I want to emphasize the uniqueness of its business. COLD isn’t just a landlord. The firm also provides

services that help its customers properly move their products around the supply chain. For Q2,

expectations are for 25 cents per share.

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Rockwell Automation (ROK) just raised its dividend by 5%. The new quarterly payout is $1.02 per

share, or $4.08 annually. That yields works out to 2.4% which isn’t bad compared with the current

market for fixed income.

Rockwell is the largest company in the world dedicated to industrial automation and information.

When you think of an assembly line with robot arms flinging parts around, you're probably picturing

Rockwell. About 70% of their sales include some sort of software.

Rockwell has been gobbling up its own shares pretty rapidly. During Q2, ROK bought 1.5 million

shares for $246 million. They’re not done. Rockwell still has $333 million in its buyback

authorization and the board approved another $1 billion to buy back more shares.

The one weak spot is that Rockwell’s guidance. The company sees 2019 earnings between $8.50 and

$8.70 per share. That’s down from the previous guidance of $8.85 to $9.15 per share. Rockwell sees

organic sales growth of 1.5%. Previous guidance was for growth of 3.7% to 5.3%.

The earnings report is due out on November 12. The consensus on Wall Street is for earnings of $1.92

per share.

Quebec-based CAE Inc. (CAE) is scheduled to report on November 13. Each year, CAE trains more

than 120,000 civil and defense crew members and thousands of healthcare professionals worldwide.

One reason why I like CAE is that the company is the leader in these markets, with still lots of room

for growth thanks to the significant, untapped market opportunities. In August, CAE raised its

dividend by one penny to ten cents per share. This is the ninth year in a row that CAE has raised its

dividend.

Shares of CAR are up more than 40% for us this year. For the upcoming report, Wall Street expects

earnings of 25 cents per share. That sounds about right.

Mesa Laboratories (MLAB) is involved in the lucrative business of high-performance measurement

devices. It may sound a bit dull, but these kinds of niche markets can be very profitable. There are

countless uses for precise measuring devices.

Mesa hasn’t said yet when it will report earnings. It should be soon. The average of the three analysts

who follow the stock is for earnings 81 cents per share.

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Current Portfolio

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recent update: 11/01/19.

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Company Ticker Entry Date Entry Price Recent Price Return Buy Below

Disney DIS 11/1/2019 $132.75 $132.75 0.0% $140

Tyler Technologies TYL 9/30/2019 $262.50 $271.97 3.6% $290

Simulations Plus SLP 8/29/2019 $36.33 $35.49 -2.3% $40

Five Below FIVE 7/31/2019 $117.46 $126.43 7.6% $133

Mesa Laboratories MLAB 6/28/2019 $244.34 $235.02 -3.8% $250

Ansys ANSS 5/30/2019 $180.69 $220.00 21.8% $235

Paycom Software PAYC 4/30/2019 $202.53 $214.31 5.8% $230

Ericsson ERIC 2/28/2019 $9.15 $8.84 -3.4% $10

Materialise NV MTLS 1/30/2019 $16.15 $20.14 24.7% $23

Americold Realty Trust COLD 11/28/2018 $26.74 $39.49 47.7% $45

American Tower AMT 11/28/2018 $162.00 $215.52 33.0% $230

Taiwan Semiconductor TSM 9/28/2018 $44.27 $52.10 17.7% $57

CAE CAE 5/31/2018 $21.26 $25.63 20.6% $30

FireEye FEYE 3/28/2018 $16.83 $16.11 -4.3% $18

SolarEdge Technologies SEDG 2/28/2018 $49.95 $83.19 66.5% $96

Aptiv APTV 12/28/2017 $85.56 $92.35 7.9% $100

Xylem XYL 11/29/2017 $68.20 $79.12 16.0% $87

AeroVironment AVAV 10/31/2017 $51.16 $60.42 18.1% $64

Microchip Technology MCHP 8/28/2017 $85.68 $96.99 13.2% $100

Cognex CGNX 5/29/2017 $46.71 $52.39 12.2% $55

Rockwell Automation ROK 4/30/2017 $157.35 $177.70 12.9% $190

Expedia EXPE 1/31/2017 $121.59 $137.80 13.3% $150

This month's Top 5 stocks are shaded.

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begun, the streaming wars have a

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