Adjusted diluted earnings per share came in at $1.72, down from $1.76 a year ago. Revenue increased 16% year-over-year (YOY) to $28 billion. This global information technology (IT) company is best known for computer products, servers, networking, and storage solutions.ĭell announced Q4 results on Feb. The first undervalued stock on our list is Dell Technologies (NYSE: DELL). With that information, here are seven of the most undervalued stocks that could offer a solid path to growing your wealth: DELL Therefore, we ask our readers to proceed with caution. In other words, some darlings of the pandemic could still fall further and may not necessarily be considered undervalued just yet. Many on Wall Street see this continued acceleration in CPI as a harbinger of significant interest rate hikes in the coming months.Īs a result, high-growth stocks will continue to be under pressure, especially those lacking in profitability. Meanwhile, the consumer price index (CPI) rose 8.3% in April, hovering around its highest level in four decades. On May 5, the index saw its third-largest single-session point drop on record and, at one point, plunged by 6% on an intra-day basis. The tech-driven Nasdaq 100 index has declined more than 24% so far in 2022. History has repeatedly shown that steep corrections are the perfect time to shop for some of the most undervalued stocks on the Street.
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