For some time the switch to smartphones and tablets has impacted PC sales.
But the PC market is now growing again as customers update aging hardware in a refresh cycle that, although lengthened, now moves into a cyclical upswing.
HP Inc, the biggest PC manufacturer, looks well placed to benefit. It has reported 7 straight quarters of growth and has been gaining market share.
Forecasts point to annual earnings growth of 7-8% over coming years.
Priced on 13 times current year earnings estimates, HP Inc looks good value.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
Submitted January 27, 2018 at 09:01AM by InterestingNews1 http://ift.tt/2DFgbeO
