5 Stocks to Watch on Thursday

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1. Avnet, Inc. (NASDAQ:AVT) has increased 11.04% as of 12:17 PM ET after the Phoenix, Arizona-based distributor of electrical components reported better-than-expected results for Q3 FY22. Revenue increased by 31.9% YoY to $6.49 billion and outperformed the consensus estimate of $5.71 billion. Meanwhile, the non-GAAP EPS was posted at $2.15 and beat the analysts’ estimate of $1.54. For Q4 FY2022, Avnet, Inc. (NASDAQ:AVT) anticipates revenue to be in the range of $6 billion to $6.4 billion as opposed to the consensus estimates of $5.78 billion. Moreover, Avnet, Inc. (NASDAQ:AVT) has given a diluted EPS guidance of $1.90 to $2, compared to the analysts’ forecast of $1.50.

At the end of Q4 2021, Avnet, Inc. (NASDAQ:AVT) was held by 27 hedge funds, up from 25 in the preceding quarter.

You can also take a peek at the 10 Best Stocks to Buy Now According to Billionaire David Harding and 10 Stocks to Buy in April According to Jim Cramer.

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