Avnet: A High Relative Strength Stock With An Attractive Valuation

Nov. 28, 2022 2:23 AM ETAvnet, Inc. (AVT)


  • Electronic equipment stocks in the tech sector have generally been sour plays this year as higher rates and macro risks prevail.
  • One mid-cap value company bucks the trend despite exposure to the broad global economy.
  • With big-time alpha in 2022, I see a value case in Avnet.

Old electronic devices on a dark background. The concept of recycling and disposal of electronic waste.

Andrey Mitrofanov

In a year of red across much of the global stock market, you can find some green in mid-cap value stocks. The Invesco S&P MidCap 400 Pure Value ETF has returned 3% in 2022, outpacing the S&P 500 by nearly 20

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AVT: Shares Meandering, But That Means High Relative Strength In 2022


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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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