The Nasdaq Stock Market has been hitting new highs this year.

Nasdaq is a market with a dual personality. It's home to most large technology companies, and also the place where a slew of smaller stocks in other industries are traded.

Tech stocks have been the stock market's leaders last year and so far this year. Smaller stocks are starting to come alive.

Most investors head to the Nasdaq for technology exposure. That's fine, but I wouldn't ignore the small fry in other industries. Here are seven Nasdaq stocks I like now.

East West

East West Bancorp Inc. (NASDAQ:EWBC), based in Pasadena, California, finances a lot of film and television projects. It's also one of the few U.S. banks licensed to do business in China.

U.S.-China relations stink right now. And the major presidential candidates (Joe Biden and Donald Trump) aren't perceived as friendly to China. But neither was Richard Nixon, until he moved to open up a relationship with China in 1972.

Any thaw in the U.S.-China relationship would be good for East West. Meanwhile, it is doing pretty well, having increased its earnings by more than 14% a year over the past 10 years.

Agco

Selling all kinds of agricultural equipment, from fertilizer to tractors, through a network of more than 3,000 dealers worldwide, Agco Corp. (NYSE:AGCO) has been profitable in each of the past 24 years.

Over the past 10 years, it has increased its earnings at better than a 14% clip (coincidentally the same as East West). Its return on stockholders' equity lately has been running at 27%; I consider anything over 15% good. Yet the stock is cheap, selling for less than 8 times recent earnings.

Legacy Housing

Based in Bedford, Texas, Legacy Housing Corp. (NASDAQ:LEGH) makes manufactured homes and extra-small homes, serving the low end of the housing market.

Since the U.S. has a shortage of single-family homes, and since paying for a home is a strain from many families, I think this company occupies a useful niche. The company has very little debt, and the stock sells for 9 times earnings.

Preformed Line

Preformed Line Products Co. (NASDAQ:PLPC), which calls Cleveland, Ohio home, makes equipment for power lines and phone lines. It also makes mounting systems for solar panels.

Over the past decade, Preformed has increased its earnings at a 19% annual pace. Last year growth was slower, at 7%. The stock sells for about 10 times earnings.

MasterCraft Boat

I've had poor luck with holdings in the boating industry. Nonetheless, I think that MasterCraft Boat Holdings Inc. (NASDAQ:MCFT) looks intriguing.