Investors who missed the boom in AI hardware are accumulating cheap tech stocks. In mid-week trade, watch HP Inc. (HPQ). The stock gained over 7% to close at $21.09. Shares traded in the $18-$19 range for over a month before Tuesday’s breakout.
HPQ stock trades at a P/E of 6.8 times.
UnitedHealth (UNH) is quickly returning to the $350 range, a price not seen since January. In the first quarter, it posted a 2.0% Y/Y rise in revenue, to $111.72 billion. For the full year, UNH sees earnings per share of up to $71.35.
UNH posted an impressive medical cost ratio of 83.9%. It will also buy back shares worth $2 billion by the end of June 2026. Assuming a buyback continues in the following two quarters, UNH stock is vastly undervalued from here.
In the crypto platform space, watch Coinbase (COIN). Coinbase shares fell by 7.4% yesterday, despite posting no news.
Lumentum (LITE) fell by 6.5% after trading close to $900 earlier this month. Analysts think that optical network firms like Arista (ANET) stand out once it posts quarterly results. The AI build-out should also help Lumentum, Ciena (CIEN), and Coherent (COHR).
Tractor Supply (TSCO) might rebound from Tuesday’s 11.7% drop. The firm posted weak comparable sales in the last quarter.
