The Eye In The Sky Is Your Path To Cash - NovAtel (NGPS) and Garmin (GRMN)

Are you lost in the market? Need some more good investing ideas but can't seem to find them? What you really need is a GPS Satellite system to help you navigate your way to the best opportunities. Ok, so maybe they don't make a GPS navigation system for the market, but they GPS satellite market is booming and setting up to grow even more.

The two stocks that are on my radar screen in this sector (Electronics/electronic equipment Widx .EEE) are NovAtel (NGPS) and Garmin (GRMN). Both of these companies are leaders in their sector and both of these companies have set up very well for another strong breakout.

NovAtel describes themselves as a leading provider of precise global positioning system (GPS) and augmentation components and sub-systems designed for rapid integration and exceptional return on investment. With institutional money continuing to flow into the Electronics/electronic equipment Widx sector (.EEE), the strong fundamentals of NGPS as well as the stock pattern demonstrate a good opportunity. The strong fundamentals of the stock, such as the P/E Ratio and Relative Ratio, Projected EPS 1 Month Change CFY, EPS Growth over the course of the last 5 years, Debt/Equity Ratio, EPS Rank and Price Rank, further attest to this company's performance.

On top of this, the strong Zacks and Market Guide reading coupled with a great Price Pattern has proved the stock to be strong among it's peers and a solid investment opportunity at this point in time.

Much of the same is true for Garmin, a company that describes itself as a leader in Global Positioning System (GPS) technology and an innovator in consumer electronics. Garmin serves both the aviation and consumer markets with products used in flying, boating, driving, hiking, and many other activities.

Both these stocks are set to break out upwards and I think the move could happen as soon as this week or early next week. I will be purchasing shares later this morning.

On a side note, congratulations (again!) to all my readers and that jumped on GLW and realized a handsome breakout of it's intermediate term base yesterday. I have a target price on the stock of 27 - 30 and think this target could be realized within the next could days here.