S&P 500 gains accounted for half of all gains in tech stocks following the Covid pandemic. A short-term anomaly or market headwind has caused a stock’s intrinsic value to trade below its current price, making it a value investment. Value stocks are expected to outperform growth stocks in 2022, according to analysts. A rise in the long-term interest rate is expected as the Fed begins to reduce its bond purchase program. As a result, the earnings growth trajectory of big tech companies will begin to be curtailed. Investors aren’t paying enough attention to federal regulations on big tech companies, according to Lisa Shalett. According to her, during the pandemic, the “tried and tested” growth stocks were good buys.
Insider Monkey takes a look at the top 10 undervalued stocks to buy now. During the third quarter, Arrow Electronics, Inc. reported earnings per share of $4.04, which exceeded expectations by $0.47. As a result, sales came in at $8.51 billion, $74.24 million short of expectations. On September 30, 2021, 57 hedge funds owned Verizon Communications Inc. shares totaling $10.3 billion. The United States’ 5G technology boom has the potential to benefit the company. At the end of the third quarter, 44 of the 867 hedge funds tracked by Insider Monkey owned Qorvo, Inc. Last quarter, 40 hedge funds held $2.3 billion worth of stakes in the company, which shows a bullish trend. Outsourcing of semiconductor packaging and testing services is provided by Amkor Technology, Inc. At the end of the third quarter, the number of hedge funds holding the company had risen to 25, up from 19 in the previous quarter. Kulicke and Soffa Industries, Inc. reported third-quarter earnings per share of $2.17, which was $0.01 higher than expected. The company made $485.33 million in revenue in the third quarter, which was more than analysts expected. For more details, click the 10 Undervalued Stocks To Buy Now.