1 Tech Stock You Can Buy at a Discount Today

1 Tech Stock You Can Buy at a Discount Today

Posted On February 9, 2023 2:22 pm

Decades-high inflation and aggressive interest rate hikes by an equally resolute Federal Reserve hit the thriving technology industry hard last year. With the money which financed its purple patch no longer virtually free, growth at all costs made way for profitability and survival as priorities for the technology sector.

However, the falling-out-of-favor technology sector has also made stocks of fundamentally robust businesses, such as Arrow Electronics, Inc. (ARW), more affordable for bargain hunters.

ARW offers products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company’s segments include the global components business and the global enterprise computing solutions (ECS) business. Both segments have operations in each of the three electronics markets: the Americas; Europe, Middle East, and Africa; and Asia-Pacific regions.

The stock has gained 15.6% over the past month to close the last trading session at $128.59, above its 50-day and 200-day moving averages of…

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