A big part of my job as managing editor of StreetAuthority involves talking with our premium newsletter experts to get a sense of what they like in the market, where they think it’s headed and how they plan to help their followers profit.

That means I get paid to hear from some of the top investing minds in the country on a regular basis. What could be better?

I want to share some of that wisdom. I’m featuring insights and top picks from each of our experts over the next couple of weeks as a way of saying thanks for being a StreetAuthority.com reader.

Today’s pick comes courtesy of Michael J. Carr.

	Michael J. Carr

Michael J. Carr is StreetAuthority’s trading expert. Mike’s managed hundreds of millions of dollars, written two books and is a Chartered Market Technician (CMT) — of which there are fewer than 1,500 in the world. Mike is the driving force behind Maximum Profit, StreetAuthority’s newest advisory. In each issue of Maximum Profit, Mike applies powerful technical analysis tools to help identify the No. 1-ranked stock from the spectrum of StreetAuthority portfolio holdings — the single stock that has the most potential for capital appreciation in the current climate. Mike also ferrets out top stocks outside of StreetAuthority portfolios in each issue of Maximum Profit, where today’s recommendation is from.

Here’s more from Mike:

This Stock Could Double Before the End of the Year, Thanks to Google
One stock that’s likely to outperform the market though the end of the year is Himax Technologies (Nasdaq: HIMX), an undervalued growth opportunity I identified in early July. Even though the stock has delivered double-digit gains to readers in the weeks since then, I believe HIMX will continue to outperform the market through the end of the year.

A subsidiary of Himax — Himax Display — makes liquid crystal on silicon (LCOS) chips and modules used in products such as Google Glass, a wearable computer with an optical head-mounted display. Google (Nasdaq: GOOG) is ramping up its production capability, and analysts expect sales of 2 million pairs of Glass a year.#-ad_banner-#

To ensure it has an adequate supply of LCOS chips, Google recently announced it’s taking a 6.3% stake in Himax Display, with an option to buy up to a 14.8% stake later on.

HIMX shares jumped more than 30% on the news, but they remain undervalued. The stock is selling for about 12 times next year’s estimated earnings, which is dirt cheap for a stock expected to see earnings per share grow 28% on average over the next five years. Earnings growth could accelerate even more with the Google Glass deal.

In addition to delivering growth and value, HIMX also provides income. The company is headquartered in Taiwan and, as with many non-U.S. companies, pays an annual dividend based on earnings. HIMX has paid a dividend in each of the past six years. This year the dividend was 25 cents a share, a yield of 3.3% based on the recent stock price. That dividend should grow with earnings and could be significantly higher next year.

HIMX could double before the end of the year as sales of Google Glass and excitement about the product continue to grow.

Note: With so many great strategists on our team, it can be easy to miss out on promising opportunities like the ones mentioned above. But there is a way for you to get all the picks from every advisory as they happen. If you’re interested in how to get access along with a free lifetime subscription to our newest service, click here.