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These neglected technology companies are more exciting than Apple, says former BlackRock manager



Relief from the well-received results from Apple and Facebook may not be enough to fuel another S&P 500 record on Thursday as the murmuring of the trade front begins to hinder.

These big tech names are an integral part of our call of the day from BlueBox Asset Management Joint Portfolio Manager William De Galle, who says it's time for investors to look at household names at the top the next big technology change – connecting computers to the real world.

"I want to own companies that will be drastically better than five years today," the former BlackRock technology fund manager said in an interview with MarketWatch.

De Gaulle outlines several reasons why he is less interested in Apple: shares have not performed better for years (see his chart below) and there really is no new product that will blind investors.

Bloomberg, BlueBox Asset Management [19659006] At the Global Technology Fund he manages, he offers alternatives like decades of Texas Tools

TXN, -0.63% .

"This makes power management integrated circuits a very small, very inexpensive chip that controls flow around a circuit and generally allows the battery to last as long as possible," says De Gaulle, who added that Texas Instruments has very little competition .

Then there are EPAM systems

EPAM, + 0.20% ,

a software services company that made the list of Fortune's 100 fastest growing companies for 2019 "They write software for companies that can't do it themselves, mostly work for non-tech companies," so in a famous meaning "complex niche business",

Also Cadence Design Systems

CDNS, -1.17% ,

who writes software to help chip designers design chips. De Gaulle says he stands out among the competition – Synopsys

SNPS, -0.27%

and Mentoring Graphics – acquired in 2016 by German Siemens

CEE, -0.27%

The Market

The Dow

DJIA, -0.48%

, The S&P 500

SPX, -0.40%

and Nasdaq futures

COMP, -0.26%

Chinese officials doubt the long-term commercial deal that can be reached. Stocks in Europe

SXXP, -0.23%

Shanghai Composite is also sliding

SHCOMP, -0.35%

it fell after China's industry hit an 8-month low.

The chart

Our chart for the day by Citigroup analyst Efrem Ravi, highlights how palladium prices

PAZ19, -1.14% ,

a key component used in electronics and new technologies has risen this year as metal reduces macroeconomic concerns.

Citi

Ravi sees palladium, which reaches $ 2,000 an ounce over the next three months from about $ 1,782 at the time of an improved global economy view. But in the long run, trade tensions between the US and China pose a risk to the metal, he says.

The buzzing
Reuters

Apple

AAPL, + 1.81%

shares are rising with higher profits and a holiday outlook, although iPhone revenue has fallen again. In the meantime, its trading program is booming.

Facebook

FB, + 3.05%

stocks increase as revenue rises. During a profit call, CEO Mark Zuckerberg jumped in to defend political ads and touched on antitrust studies.

Thursday's profits include chemical giant DuPont

DD, + 0.87% ,

Archer Daniels Food Processing Team

ADM, + 1.85%

and the Kraft Heinz Food Group

KHC, + 10.77%

.

Fiat Chrysler

FCAU, + 4.11%

FCA, + 8.42%

the shares are climbing but those of PSA Peugeot

UG, -11.94%

decreased after the two companies announced a 50/50 merger.

Economics

Data show that weekly jobless claims are rising while consumer spending is rising while the Chicago Purchasing Managers Index is still pending.

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