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Top Smart-Home Stocks to Buy in 2019

Melisa R. H. Posted On March 28, 2019
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Smart homes and buildings are becoming increasingly popular with a projected market growth of 18% according to Acumen Researching and Consulting. The internet of things, and IFTTT (If this then that) has allowed for individuals to create systems that works together with minimal human intervention.

Automation and connected smart appliances have seen a huge rise in demand in recent years. Amazon recently acquired Eero and previously paid $1 billion to acquire Ring, a doorbell-camera startup. It had acquired Blink, a smart camera maker in 2017.

Google also invested heavily in the smart-home game a few years ago when it acquired Nest for 3.2 billion. Nest was quiet for a few years after its acquisition by Google but recently launched new temperature sensors, a video doorbell and an outdoor smart camera.

Smart lights, security, entertainment systems, and temperature control are the principle smart devices in demand. These products are surely to grow as we become more invested in energy-saving and healthy lifestyles.

Most of these smart devices work with voice assistants, but read carefully as not all are compatible, depending on your brand. Apple’s Homekit is an example of a software framework that lets you use a smart device with Siri.

Nest smart home products

Nest smart-home products at B&H

Here are the top companies developing smart homes products…

💻 Technology

Microsoft (MSFT-Q)
Cortana, the voice assistant, can be used to control compatible smart devices. The IFTTT chains helps you automate actions.

Microsoft Corp (MSFT-Q) — Stockchase
Microsoft Corp (MSFT-Q) — Stockchase

Opinion about MSFT-Q: The company he'd be owning 5 years from now. Partnership with OpenAI is most consequential company of our time. Totally ahead on AI. Absolute beast when it comes to distribution. Wide-reaching tentacles across every Fortune 500 company. Path of least resistance when it comes to adopting AI -- security platform, Office 365,…

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Sony Corp. ADR (SNE-N)
They offer a suite of voice assistant enabled smart products that help automate the home. You can even control your Sony TV through Google Home.

Sony Corp. ADR (SNE-N) — Stockchase
Sony Corp. ADR (SNE-N) — Stockchase

Opinion about SNE-N: Their main drivers are Sony Playstation, Sony Music, and films. The Playstation has its ups and downs from competition. Music is well behind the #1 player. Films are also unpredictable. Sony should spin off its music publishing business and focus on the other two areas. Not a cheap stock. Earnings vary. 

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Apple (AAPL-Q)
Homekit, along with the Home app, is the company’s smart home system used as a platform for iOS user. The platform brings multiple devices together and coordinates their actions.

Apple Inc (AAPL-Q) — Stockchase
Apple Inc (AAPL-Q) — Stockchase

Opinion about AAPL-Q: Apple's revenue for the last quarter stood at $94 billion. This reflects a decrease of 1.39% from the previous quarter, indicating some short-term concerns about sustained growth. However, compared to the same quarter last year, there is a promising increase of 9.63%, pointing towards positive year-over-year growth that suggests underlying business strength.…

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Amazon.com (AMZN-Q)
A leader in e-commerce and they sell smart home solutions that also works with their voice assistant, Alexa. They help you get what you need to turn your home smart, and a way to control everything.

Amazon.com, Inc. (AMZN-Q) — Stockchase
Amazon.com, Inc. (AMZN-Q) — Stockchase

Opinion about AMZN-Q: She likes it and is adding to her position. It scores 9 out of 10 fundamentally and is re-writing the rules of AI in automation in the retail space. It is looking at optimization - robots can do 40% more in packaging. Amazon's general AI business is growing in the triple digits.…

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Alphabet Inc. (A) (GOOGL-Q)
They acquired Nest and is a big player in connected home devices. Many devices connect through their Google Home platform.

Alphabet Inc (GOOG-Q) — Stockchase
Alphabet Inc (GOOG-Q) — Stockchase

Opinion about GOOG-Q: Thinks it's going higher, but perhaps don't buy now. Wait for pullback. There's always a reason for a stock to pull back at some point, but he can't predict the magnitude.At this level, risk/reward is not as good as entering at a lower price. Trades ~20-21x forward PE, whereas NVDA is trading…

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Some stocks not on Stockchase are also worth mentioning : Alarm.com NASDAQ: ALRM, Control4 NASDAQ: CTRL and Sonos NASDAQ: SONO are among many smart-home stocks you should watch. Other companies are also involved and benefit from the home automation rise in demand even if they don’t develop consumer products themselves, here are more smart-home related stocks :

Canon Inc. (CAJ-N)
Smart all-in-one printers are the mainstay of a smart-office. Canon offers multiple solutions for big and small sized companies and help automate the workplace.

Canon Inc. (CAJ-N) — Stockchase
Canon Inc. (CAJ-N) — Stockchase

Opinion about CAJ-N: #5 in new US patents. Patent for nanoimprint lithography, stamping designs on silicon wafers, cheaper than other methods. 12-month price target of $36.50, decent runway. Buy it in Japan or as an ADR. Yield is 3.4%. (Analysts’ price target is $27.00)

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Amdocs (DOX-Q)
A supplier of billing and back-office support for telecommunication and cable companies. They offer real-time intelligence capabilities for contextualized customer engagement.

Amdocs (DOX-Q) — Stockchase
Amdocs (DOX-Q) — Stockchase

Opinion about DOX-Q: They make software for telcos and comms. AT&T is their biggest customer. Customers stick with their software and rarely change. They just bought Open Market. Trades at 20.6x trailing earnings. He targets $97.50. Shares have held up better than most software peers.

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Logitech International SA (LOGI-Q)
Harmony Hub takes all your devices and lets you control them with your smartphone. They are working on creating a universal controller.

Logitech International SA (LOGI-Q) — Stockchase
Logitech International SA (LOGI-Q) — Stockchase

Opinion about LOGI-Q: Yesterday, they reported a mixed quarter--revenue miss, earnings beat--but will shift manufacturing from China to other countries, but will target price increases to protect margins. He's impressed with how they will mitigate the impact of tariffs.

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Marvell Technology Group (MRVL-Q)
They produce storage, communications, and consumer semiconductors. Their digital semiconductors for consumer communications is used in smart home technology.

Marvell Technology Group (MRVL-Q) — Stockchase
Marvell Technology Group (MRVL-Q) — Stockchase

Opinion about MRVL-Q: It hasn't recovered, unlike the bigger semis companies like NVDA. Not his favourite in this space. KLIC is much better, and both are the same trade.

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Silicon Laboratories Inc (SLAB-Q)
A semiconductor producer that is used widely in cell-phones and smart devices.

Silicon Laboratories Inc (SLAB-Q) — Stockchase
Silicon Laboratories Inc (SLAB-Q) — Stockchase

Opinion about SLAB-Q: (A Top Pick Jan 26/05. Down 36%.) Face the opportunity for single chip cell phone technology to penetrate the low end of the market. Went up 30% and he sold. Looking at it again.

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Intel (INTC-Q)
They create chips that power the smart home devices. They have good technical support, and could break out, but semiconductors have done poorly recently.

Intel (INTC-Q) — Stockchase
Intel (INTC-Q) — Stockchase

Opinion about INTC-Q: He approves of Washington taking a stake in Intel. This isn't about socialism or Trump picking winners of losers, it's about the dire state of Intel and a long line of bad CEOs. Problem is, Intel is too big to go under. And the new CEO is a turnaround artist, who previously…

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Qualcomm (QCOM-Q)
A strong player in the IoT space, offering connectivity and machine intelligence to smart home technology. They offer security and automation technology to consumers.

Qualcomm (QCOM-Q) — Stockchase
Qualcomm (QCOM-Q) — Stockchase

Opinion about QCOM-Q: Are diversifying well away from cell phones to the internet of things and cars (double-digit growth in both). But their smartphone business underwhelms. That said, shares are too cheap. They need to increase share buybacks.

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AT&T (T-N)
They’re focusing on home security and automation systems to protect your home and family.

AT&T (T-N) — Stockchase
AT&T (T-N) — Stockchase

Opinion about T-N: Long-term outlook is hard to say. Stock's doing well by putting 2 satellite companies together, thereby creating value. He owns a bit. Big run in a short time.

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AMERICA MOVIL, S.A.B. DE C.V. (AMX-N)
They are working on 5G technology and are working to commercialise smart products to tap into the IoT universe.

AMERICA MOVIL, S.A.B. DE C.V. (AMX-N) — Stockchase
AMERICA MOVIL, S.A.B. DE C.V. (AMX-N) — Stockchase

Opinion about AMX-N: (A Top Pick June 5/07. Down 8%.) Largest cellular company in Mexico. Their capacity utilization of the network is superior to many other global ones. Very Bullish on this stock.

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Home Depot (HD-N)
You can get everything you need to connect your home. They’ve profited from the DIY boom and smart homes could be the next big thing.

Home Depot (HD-N) — Stockchase
Home Depot (HD-N) — Stockchase

Opinion about HD-N: Trump tariffs will cause a decline in consumer spending. This is why Trump is pressing the Fed to cut interest rates to boost consumer spending. Lower rates will help anything connected to a home equity loan--therefore HD. This is why HD is rallying despite tariff pressure

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Best Buy Company Inc (BBY-N)
A name synonymous with consumer technology. They offer a wide variety of smart homes devices, and smart home systems.

Best Buy Company Inc (BBY-N) — Stockchase
Best Buy Company Inc (BBY-N) — Stockchase

Opinion about BBY-N: A too-high dividend is a red flag, a sell. He was attracted to this for its dividend. Also, it would benefit from the biggest PC in years because of Microsoft's Copilot. Share rallied at first, and he took profits. It has since fallen.

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Office Depot (ODP-Q)
They offer a smart home and office installation service that installs and connects Google and Nest products to you building.

Office Depot (ODP-Q) — Stockchase
Office Depot (ODP-Q) — Stockchase

Opinion about ODP-Q: No. This is Amazon roadkill. You don't need this.

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Audiovox Corp. (VOXX-Q)
A custom home automation and consumer electronics company. They are working on connecting residential and commercial properties.

Audiovox Corp. (VOXX-Q) — Stockchase
Audiovox Corp. (VOXX-Q) — Stockchase

Opinion about VOXX-Q: No debt and $160 million in cash, a little over $7 per share. Chairman owns 20%. Not widely followed.

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Comcast Corp (CMCSA-Q)
Its Xfinity brand has driven their smart home products. They specialize in smart voice-drive TV experiences. They also have partnerships with home security and smart lock companies.

Comcast Corp (CMCSA-Q) — Stockchase
Comcast Corp (CMCSA-Q) — Stockchase

Opinion about CMCSA-Q: Stockchase Research Editor: Michael O'Reilly Faced with recently reported loss of customers, CMCSA is taking drastic steps to increase offerings to its customers.  Analysts expect this will stem the tide and allow the company to regain growth.  Despite all this, cash reserves are growing while shares are aggressively bought back -- albeit…

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ABB Ltd. (ABB-N)
A Swedish-Swiss multinational that develops robotics, power, and automation technology. They are working on building smart grids. These grids are adaptive and responsive, and many current infrastructure needs replacing. These smart grids have a big potential when these infrastructures are redone.

ABB Ltd. (ABBNY-OTC) — Stockchase
ABB Ltd. (ABBNY-OTC) — Stockchase

Opinion about ABBNY-OTC: Out of Zurich. Four business units: electrification motion, process automation, robotics, discrete automation. Hardware. Builds autonomous mobile robots, mainly on the industrial side. Reported last Friday; did tremendously well and raised guidance. Yield is 1.93%. (Analysts’ price target is $55.92)

stockchase.com stockchase.com

Honeywell International (HON-N)
They have consumer smart home solutions, including thermostats, and security systems. It has a good management team and they have good branding.

Honeywell International (HON-N) — Stockchase
Honeywell International (HON-N) — Stockchase

Opinion about HON-N: Interesting here. Long-term chart is favourable. Trading around 50-day MA, and moving averages are moving higher. A split would be very favourable. These companies set up their spinoffs for success. Likes industrials. Diverse company with interesting components. He'd be comfortable owning this one.

stockchase.com stockchase.com

General Electric (GE-N)
They have smart outlets and security systems. However, it’s been beaten down a lot, and analysts are wary. They are not cash flow positive, and the business is trying to sell off assets trying to survive.

General Electric (GE-N) — Stockchase
General Electric (GE-N) — Stockchase

Opinion about GE-N: Is up 49% this year. Take some profits. Led by a strong CEO. However, it's possible it could come down after this run.

stockchase.com stockchase.com

Johnson Controls (JCI-N)
An automotive batteries and electronics, and HVAC equipment producer. They also have their building automation system. The system helps keep occupants safe and productive.

Johnson Controls (JCI-N) — Stockchase
Johnson Controls (JCI-N) — Stockchase

Opinion about JCI-N: Lacks growth. Shares are down 12% this year, but trades cheaper than peers like Carrier and Trane. Worth considering at least.

stockchase.com stockchase.com

Eaton Corp. (ETN-N)
Provides engineering equipment to different companies. They are a key player in the global human machine interface (HMI) race. HMI is a growing market especially due to the rising demand for lower expenses.

Eaton Corp. (ETN-N) — Stockchase
Eaton Corp. (ETN-N) — Stockchase

Opinion about ETN-N: Is -10% the last month as the AI trade loses steam. Has been watching this a long time. Is a power play in data centres, driven by strong capex. AI workflows will drive a 160% increase in power needs by 2030.

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Ametek (AME-N)
They manufacture electronic instruments and electromechanical devices. They make monitors for many industries, including pharma and oil. A leader in highly engineered electrical connectors.

Ametek (AME-N) — Stockchase
Ametek (AME-N) — Stockchase

Opinion about AME-N: Electronic equipment that makes monitors for many industries from pharma to oil. Established international company. ROIC rose from 14% in 2009 to 26% now. Stock is still cheap. $17B market cap. $3.8B in revenue. Consistent, well-diversified company.

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Anixter International (AXE-N)
A communications and security products company. They offer a full-line solutions. A leader in helping businesses and communities build reliable systems.

Anixter International (AXE-N) — Stockchase
Anixter International (AXE-N) — Stockchase

Opinion about AXE-N: (Top Pick Oct 4/13, Up 2.40%) It is core industrial America. Just made an acquisition that will be accretive right off the bat.

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