Best High Tech Stocks To Buy For 2014

Apple's (NASDAQ: AAPL  ) share repurchase program is a great way for the company to return value to shareholders. But to what extent, exactly, does it change the game for Apple investors?

Let's find out.

Apple has authorized a total of $60 billion in share repurchases. Even though the company has until the end of 2015 to follow through with this plan, it has already spent 30% of its allowance, leaving just about $42 billion left to spend.

To highlight the difference this $42 billion could make for investors, I'll value the stock based on two scenarios. In scenario one, Apple doesn't repurchase $42 billion in shares. In scenario two, Apple does -- at an average price of $495 per share.

Valuation without a buyback
Assuming a 10% discount rate and a projection for 3% annual growth in EPS going forward, a discounted cash flow valuation yields a fair value for Apple shares of $618.

Best High Tech Stocks To Buy For 2014: Comcast Corporation(CMCSA)

Comcast Corporation, together with its subsidiaries, provides entertainment, information, and communications products and services in the United States and internationally. Its Cable Communications segment provides video, high-speed Internet, and phone services to residential and business customers. As of June 30, 2011, its cable systems served approximately 22.5 million video customers, 17.5 million high-speed Internet customers, and 9.1 million phone customers. The company?s Cable Networks segment operates cable entertainment networks, such as USA Network, Syfy, E!, Bravo, Oxygen, Style, G4, Chiller, Sleuth, and Universal HD; news and information networks, including CNBC, MSNBC, and CNBC World; cable sports networks comprising Golf Channel and VERSUS; regional sports and news networks; international entertainment, and news and information networks, such as CNBC Europe, CNBC Asia, and Universal Networks International portfolio of networks; cable television production oper ations; and digital media properties consisting primarily of brand-aligned Websites and other Websites, such as DailyCandy, Fandango, and iVillage. Its Broadcast Television segment operates the U.S. broadcast networks, NBC and Telemundo; 10 NBC and 15 Telemundo owned local television stations; broadcast television productions; and related digital media properties. The company?s Filmed Entertainment segment operates Universal Pictures, which produces, acquires, markets, and distributes filmed entertainment and stage plays worldwide in various media formats for theatrical, home entertainment, television, and other distribution platforms. Its Theme Parks segment operates Universal Studios Hollywood park and Wet ?n Wild water park, as well as licenses intellectual properties and provides services to third parties that own and operate Universal Studios Japan and Universal Studios Singapore. Comcast Corporation was founded in 1963 and is based in Philadelphia, Pennsylvania.

Advisors' Opinion:

• [By Victor Mora]

  Comcast provides communications and entertainment products and services to consumers and companies. The stock has been moving higher over recent quarters but is now trading sideways as it digests recent gains. Over the past four quarters, earnings and revenues have been rising, which has led to happy investors in the company. Relative to its peers and sector, Comcast has been a weak year-to-date performer. WAIT AND SEE what Comcast does this coming quarter.

Best High Tech Stocks To Buy For 2014: Owens & Minor Inc.(OMI)

Owens & Minor, Inc., together with its subsidiaries, provides distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. Its services include logistics, supplier management, analytics inventory management, outsourced resource management, clinical supply management, and business process consulting. The company also offers various services comprising PANDAC, an operating room-focused inventory management program that helps healthcare providers to control suture and endo-mechanical inventory; SurgiTrack, a customizable surgical supply service that includes the assembly and delivery of surgical supplies in procedure-based totes; OMSolutions, a supply-chain consulting, customer technology, and resource management service; and WISDOM Gold, an Internet-based supply spend management, data normalization, and contract management solution. In addition, it provides Clinical Supply Solutions, a n inventory and contract management service; and Implant Purchase Manager, a technology-based service, as well as owns OM HealthCare Logistics, a customized third-party logistics and business process outsourcing service. Further, the company distributes medical and surgical supplies to the acute-care market. It serves federal government, including the U.S. department of defense; and alternate-site providers, such as ambulatory surgery centers, physicians? practices, clinics, home healthcare organizations, nursing homes, and rehabilitation facilities, as well as provides distribution and supply-chain management services that include third-party logistics and business process outsourcing services to manufacturers of medical and surgical products. Owens & Minor, Inc. was founded in 1882 and is headquartered in Mechanicsville, Virginia.

Best High Tech Stocks To Buy For 2014: Southern Missouri Bancorp Inc.(SMBC)

Southern Missouri Bancorp, Inc. operates as the bank holding company for the Southern Missouri Savings Bank that provides community banking services in Missouri. It offers various deposit instruments, including demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts, saving accounts, certificates of deposit, and retirement savings plans. The company?s lending activities consist of origination of loans for the acquisition or refinance of one- to four-family residences, as well as loans secured by commercial real estate, including improved and unimproved land, strip shopping centers, retail establishments, and other businesses. It also originates commercial real estate loans secured by property or land. In addition, the company provides various secured consumer loans comprising home equity, direct and indirect automobile loans, second mortgages, mobile homes, and loans secured by deposits. Further, it offers commercial business lendin g loans, including loans to finance accounts receivable, inventory, equipment, and operating lines of credit. Additionally, the company provides commercial and agricultural real estate, and commercial and agricultural business loans. It operates 15 full service branch facilities, and loan production offices in Missouri and Arkansas. The company was founded in 1887 and is headquartered in Poplar Bluff, Missouri.

Best High Tech Stocks To Buy For 2014: Northampton Group Inc. (NHG.V)

Northampton Group Inc. owns, constructs, develops, and manages hotels primarily in Canada. As of July 19, 2012, it had interests in 2,129 rooms in 17 hotels that are located in southern Ontario and Quebec, Canada, as well as in the United States. The company was founded in 1985 and is headquartered in Mississauga, Canada.

Best High Tech Stocks To Buy For 2014: Resource America Inc.(REXI)

Resource America, Inc. operates as an asset management company. The company, through its subsidiaries, operates in three segments: Financial Fund Management; Real Estate; and Equipment Finance. The Financial Fund Management segment engages in the formation and collateral management of structured financial products and of issuers of collateralized debt obligations, such as trust preferred securities, asset backed securities, leveraged loans, private equity, commercial mortgage backed securities, residential mortgage backed securities, collateralized debt obligations, and home equity loans. The Real Estate segment focuses on the acquisition of multifamily properties on behalf of the limited partnership investment funds it sponsors. The Equipment Finance segment offers small ticket equipment leases to the small to mid-sized business market through the formation of strategic marketing alliances. Resource America, Inc. was founded in 1966 and is based in Philadelphia, Pennsylva nia.

Best High Tech Stocks To Buy For 2014: Anchor Bancorp(ANCB)

Anchor Bancorp operates as the bank holding company for Anchor Bank that provides various banking products and services in western Washington. It generates deposit products comprising checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. The company offers a range of loan products consisting of one- to four-family residential real estate loans, real estate construction loans, land acquisition and development loans, commercial real estate loans, multi-family real estate loans, commercial business loans, and consumer loans. As of June 30, 2011, it had 1 administrative office, 14 full service banking offices, and 1 loan center. Anchor Bancorp was incorporated in 2008 and is based in Lacey, Washington.