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Has the U.S. Tech Hardware Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||US$2.9t||US$552.7b||US$106.8b||13.7x|
|Mon, 01 Nov 2021||US$2.7t||US$547.1b||US$102.6b||14.6x|
|Wed, 29 Sep 2021||US$2.6t||US$526.5b||US$93.8b||19.7x|
|Fri, 27 Aug 2021||US$2.7t||US$526.7b||US$93.7b||19.7x|
|Sat, 03 Jul 2021||US$2.5t||US$511.7b||US$91.6b||25.7x|
|Tue, 06 Apr 2021||US$2.2t||US$495.9b||US$79.8b||21.8x|
|Fri, 08 Jan 2021||US$2.4t||US$462.7b||US$66.5b||21.5x|
|Thu, 01 Oct 2020||US$2.0t||US$346.3b||US$57.0b||20.8x|
|Sun, 05 Jul 2020||US$1.6t||US$349.8b||US$60.2b||12x|
|Wed, 08 Apr 2020||US$1.2t||US$345.2b||US$59.8b||10.4x|
|Tue, 31 Dec 2019||US$1.4t||US$346.0b||US$59.9b||16.1x|
|Fri, 04 Oct 2019||US$1.1t||US$340.5b||US$57.4b||16.3x|
|Mon, 08 Jul 2019||US$990.7b||US$340.4b||US$58.5b||17.6x|
|Sun, 31 Mar 2019||US$980.7b||US$342.4b||US$60.7b||15.7x|
|Wed, 02 Jan 2019||US$852.1b||US$436.6b||US$62.3b||10.6x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 12.6x which is lower than its 3-year average PE of 17.4x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Tech industry have grown 20% per year over the last three years, and revenues for these companies have grown 8.2% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the U.S. Tech Hardware industry?
|Tech Hardware Storage and Peripherals||2.96%|
Industry PE: Investors are most optimistic about the Tech Hardware Storage and Peripherals industry even though it's trading below its 3-year average PE ratio of 17.4x. However analysts are expecting annual earnings growth of 0.8%, which is lower than the prior year's growth of 57% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Tech Hardware Storage and Peripherals industry, expecting annual earnings growth of 0.8% over the next 5 years.
Which companies have driven the market over the last 7 days?
Hewlett Packard Enterprise
Seagate Technology Holdings
Super Micro Computer
Canaan just saw a record second quarter with demand for mining equipment surging as the hype returned. But with another 80% to 90% drop expected in the upcoming quarters, as well as continued crackdown in China, the risk is still not worth any potential reward. As a result, I remain neutral to slightly bearish on the company's near to long term prospects.
The company is sitting on a giant pile of cash worth $1.4B but is slowly bleeding this cash in the absence of any significant revenue. Even though there is huge market potential in the future, right now not enough customers are finding applications for the company's 3D printers. However, there are five possible triggers that could make the stock explode. For now, I'm staying on the sidelines and will closely watch the five triggers.