Best High Tech Stocks To Watch Right Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Mueller Water Products (NYSE: MWA  ) jumped as much as 17% today after the company released earnings.

So what: Fiscal-second-quarter revenue jumped 12.6% to $283.1 million and net income was $6.2 million, or $0.05 per share. Analysts only expected revenue to be $270.8 million and earnings of $0.02 per share so this was well ahead of estimates. �

Now what: The Mueller Co. business drove the results with a 21.7% jump in revenue during the quarter and new products and services saw revenue more than double. The company's results were much better than expected but I'd still like to see more profit before jumping in. The stock is trading at 24 times forward earnings estimates and that's a steep price for this business.

Interested in more info on Mueller Water Products? Add it to your watchlist by clicking here.

Best High Tech Stocks To Watch Right Now: Canstar Resources Inc. (ROX.V)

Canstar Resources Inc., a junior resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, silver, copper, zinc, lead, and other base and precious metals. The company focuses on the McFauld's Lake property comprising 38 contiguous claim units in 3 mineral licences located in Northwestern Ontario; the Mary March property that covers 18 staked claims, 2 licenses, 1 lease, and 2 patented lots totaling 1,616 hectares located in the Buchans area of Newfoundland and Labrador; and Mary March extension property comprising 34 claims staked in 2 contiguous blocks located in the west and north of the Mary March property. It also focuses on the Slate Bay property totaling 8 contiguous patented claims covering 128 hectares located in the north of the town of Red Lake, Ontario. Canstar Resources Inc. is headquartered in Toronto, Canada.

Best High Tech Stocks To Watch Right Now: Cape Lambert Iron Ore Ltd (CFE.AX)

Cape Lambert Resources Limited engages in the investment, exploration, evaluation, and development of mineral properties in Australia, Africa, Greece, and South America. The company primarily explores for iron ore, copper, gold, uranium, phosphate, lead-silver-zinc, and vanadium. It holds interests in various projects located in Sierra Leone and Guinea, West Africa; Coastal Pilbara region in Western Australia; and Queensland in Australia. Cape Lambert Resources Limited is based in West Leederville, Australia.

Best Warren Buffett Stocks To Buy For 2014: Pankl Racing Systems AG (PARS)

Pankl Racing Systems AG is an Austria-based holding company that develops, produces and distributes mechanical technology systems for the automotive and aviation industries, and specializes in the niche markets of motor racing, luxury vehicles and aerospace. The Company operates through two main segments: combined segment Racing/High Performance and Aerospace. The Racing segment supplies engine as well as drive train components and systems for the racing market. The High Performance segment is specialized in the production of engine and drive train components for luxury vehicles, engine parts for the aftermarket and aluminum forged parts. The Aerospace segment produces lightweight and flexible transmission components as well as systems for over 50 types of fixed and rotary wing aircraft. As of December 31, 2011, Pankl Racing Systems AG operated through 16 subsidiaries located in Austria, the United Kingdom, Slovakia and the United States. The Company is a subsidiary of the CROSS Group.

Best High Tech Stocks To Watch Right Now: Cogo Group Inc.(COGO)

Cogo Group, Inc., through its subsidiaries, provides customized module design solutions, focusing on the digital media, telecommunications equipment, and industrial business end-markets in China. In the digital media end-market, the company provides mobile handset and module solutions for functionalities, such as CMMB mobile TV, motion sensor, camera, power supply, and Bluetooth, as well as solutions for high definition digital set-top box, GPS, and solutions for Tablet. In the telecommunications equipment end-market, it offers solutions for public switched telephone network, switching, optical transmitters, electrical signal processing, and optical signal amplification. In the industrial business end-market, the company provides industrial solutions for the smart meter, smart grid, railway, and auto-electronics sectors. In addition, it offers technology and engineering services, network system integration, and related training and maintenance services. Cogo Group, Inc. se lls its customized module design solutions through its direct sales force. The company was formerly known as Comtech Group, Inc. and changed its name to Cogo Group, Inc. in May 2008. The company was founded in 1917 and is based in Shenzhen, China.