Skip to content

Large US tech stock now looks undervalued after earnings miss


This week we are tipping a large cap US tech play which has been over-sold, in our view, over the short term. With positive sentiment returning to the US tech market, we think this solid returner is looking a little undervalued.

We bought stock at $174 which is well off the 52 week high of $215. The company is a hardware and software distributor which got ambushed a little when it reported Q1 sales numbers that fell short of analysts' predictions on Wall Street. They had been looking for about $5.4bn in sales with flat earnings of $2.20 per share.

The stock is going into our short term trading portfolio with a 10% trailing stop loss. We think it should be able to attain a $210-220 price mark in the next 3-4 months.

Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.

Log In or Sign Up to Armchair Trader+

Already a member? Log in here:

Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

CME Group
FP Markets
Back To Top