Sunday Feb 05, 2023

The Zacks Analyst Blog Highlights: WESCO, Nova, Broadcom, Advanced Micro Devices and Keysight Technologies – Yahoo Finance


For Immediate Release

Chicago, IL – December 30, 2021 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: WESCO International, Inc. WCC, Nova Ltd. NVMI, Broadcom Inc. AVGO, Advanced Micro Devices, Inc. AMD and Keysight Technologies, Inc. KEYS.

Here are highlights from Wednesday’s Analyst Blog:

5 Electronics Stocks Poised to Continue Their Winning Streaks in 2022

Electronics companies are likely to sustain their strong momentum in 2022, owing to the ongoing global digital wave. Worldwide digitization, which will prevail in the upcoming year and beyond, will continue to drive growth for electronic component and equipment providers.

The coronavirus pandemic, which will continue in 2022, given the rising health risks due to the widely spreading Omicron variant, has turned out to be a boon for several electronics stocks. It is expected to continue fueling the demand for electronic goods and appliances.

The current work-from-home and learn-from-home trends on account of the pandemic are accelerating the demand for laptops and other office equipment, and network peripherals. Hence, electronic companies offering devices that support remote working are well-poised to gain from this scenario.

The growing proliferation of electronics in healthcare to manage the COVID-19 pandemic remains another major positive. The increasing number of people contracting the deadly virus is accelerating the demand for electronic monitoring devices.

Other Growth Prospects to Consider

Apart from the coronavirus-led surge in demand for electronics, other factors have been driving the electronic stocks.

The increasing adoption of AI, cloud computing and industrial revolution 4.0 that focuses on interconnectivity, automation, machine learning (ML) and real-time data are shaping the growth trajectory of the electronic industry.

The emergence of software-enabled testing instruments and devices is driving the electronics industry. The increasing deployment of 5G remains another tailwind.

The growing proliferation of smart cars and autonomous vehicles is expected to contribute well. Further, the increasing installation of collaborative robots, which add efficiency to production processes by working with production workers, will continue to benefit the electronics industry.

The rapid adoption of consumer-focused IoT devices like smart speakers, smartwatches, home security solutions, smart TVs, dual-screen laptops, and high graphics performance gaming PCs is aiding electronics solution providers.

The increasing use of electrical instruments and software in the interrogation of biological properties of molecules and cells in clinical and medical science research work is another positive.

Stocks to Buy

Per the Zacks’ proprietary methodology, companies with the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer solid investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.

Based on this, we have picked five stocks that boast a perfect mix of elements and solid fundamentals. Further, these stocks carry a market cap of more than $1 billion. Also, all the stocks have outperformed the rally of the S&P 500 index year to date.

WESCO International’s shares have gained 65.9% on a year-to-date basis.

The company is riding on its strength across its electrical and electronic solutions, driven by solid momentum among construction and industrial businesses, and original equipment manufacturers. Further, robust communications and security solutions …….


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