Best Computer Hardware Stocks To Buy In May
HP and Western Digital are trading at attractive levels.
Key Insights
Worries about PC demand have failed to put pressure on HP and Western Digital in recent weeks.
Earnings estimates for HP remained stable despite China’s decision to push foreign PCs out of government agencies and state firms.
Western Digital stock has recently received a boost from activist investor Elliott Management.
While many traders were worried about declining PC demand after the end of the acute phase of the coronavirus pandemic, some computer hardware stocks managed to show strength despite general market weakness. Importantly, these stocks continue to trade at attractive valuation levels.
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