Keysight Technologies Inc. (KEYS)

They are in a good position because we are in the early stages of the adoption of 5G wireless. They are the clear leader. They have a significant exposure to US defense spending. We are in 3 of a typical 7 year defense spending cycle. It is attractively valued.

(Past Top Pick, Oct.24, 2017, Up 40%) It's the old Hewlett-Packard instrumentation business, spun out in 2013. They make electronic test equipment used to develop wireless networks and devices. With 5G wireless coming, KEYS is in a great position.

It is a testing / equipment company. 5G will be implemented by every telco in the next couple of years. Their last quarter report was a beat plus a raise. (Analysts’ target: $61.14).

(Past Top Pick, Aug.14, 2017, Up 47%) It's the old Hewlett-Packard instrumentation business to test defence electronics. It's beneftting from increasing defence budgets. They've also invested in testing 5G wireless networks, and 5G is gradually rolling it, so they're starting to receive those revenues. He foresees 20% operating profit margins.

He favors this as a participant in the growth of 5G wireless because its test and measurement business is so relevant. They will provide the tools for the service providers, who will otherwise rely on generic hardware.

(A Top Pick June 19, 2017. Up 39%). This continues to be one of his topic picks. It builds instrumentation used in the development and deployment of wireless networks and to test consumer, industrial and defense electronics. They are one of only a few companies that can do this. This is the original Hewlett-Packard business separated from all the other stuff that we now consider part of HP. He thinks the move to 5G brings a great cyclical opportunity.

This is his favorite way to play the rollout of 5G, the testing of defense electronics and the rollout of new electronic products. (Analysts’ price target is 1.75$)

(Mar 27/17 Up 26%) This is the original Hewlett-Packard instrumentation business. This is a good play on 5G wireless. He does not know who will win the 5G race, but he knows this is a company that will get paid. They are involved in test equipment for defence products. Yield 0%. (Analysts’ price target is $49.44 )

A great company. A leader in designing any kind of electronics in any type of product. They are part of the design and testing that goes into making sure a product really works. Has a lot of growth opportunities in autos, network communications, etc. It’s a name she continues to like. Management thinks that they can do a lot of the jobs with a growth runway and get it back to a growth profile. As that happens, she thinks the multiple moves higher and it has good earnings growth opportunities.

(A Top Pick June 19/17. Up 11%.) This is the original Hewlett-Packard business founded in a garage in the 1930s, producing test equipment for the defence Department. Very well positioned because it is a very concentrated market for producing equipment for testing defence electronics. This area usually grows at twice the rate of the defence budget. Also, the development and deployment of 5G wireless requires a lot of their equipment, and he believes they are the leader.