Avnet: A High Relative Strength Stock With An Attractive Valuation

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

Summary

  • 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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This article was written by

CFA & CMT Charterholder | Freelance Financial Writer at SoFi & Ally | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including blogs, emails, white papers, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having expertise in thematic investing, market events, client education, and compelling investment outlooks, I relate to everyday investors in a pithy way. I enjoy analyzing stock market sectors, ETFs, economic data, and broad market conditions, then producing snackable content for various audiences. Macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto excite me. I truly enjoy communicating finance with an educational and creative style. I also believe in producing evidence-based narratives using empirical data to drive home points. Charts are one of the many tools I leverage to tell a story in a simple but engaging way. I focus on SEO and specific style guides when appropriate. My CFA and CMT backgrounds demonstrate prowess in investment management and my professional experience includes extensive public speaking and communication. Moreover, my extensive university teaching and professional trading experience provide useful skills. Past roles also include heavy use of Excel modeling and chart creation as well as PowerPoint.I am a contributor to The Dividend Freedom Tribe. I am a contributor to Topdown Charts.

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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