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On October 8th, JPMorgan Chase CEO Jamie Dimon expressed support for reforming the U.S. Securities and Exchange Commissions quarterly earnings reporting rules, saying he welcomes proposals to relax them. Last month, Trump reiterated that American companies should report earnings semi-annually, rather than quarterly. SEC Chairman Paul Atkins said last week that the regulator was fast-tracking Trumps call, raising concerns about a potential major shift in transparency for American companies. Dimon, a vocal critic of regulations that hinder public markets, said JPMorgan Chase will continue to provide quarterly updates to investors, but "much less frequently," even if it is no longer required.According to Teslas (TSLA.O) official website, Model Y and Model 3 Standard Edition are now available for pre-order, with many locations indicating delivery dates of December 2025 to January 2026.On October 8, according to AXIOS, the White House found funds to maintain the food assistance program threatened by the government shutdown. According to a senior White House official, the government will allocate funds from tariff revenues to keep the program going for the "foreseeable future." The official said the injection of funds was a temporary solution and refused to disclose the specific amount of the injection. White House press secretary Carolyn Levitt said, "The Democrats were so cruel in voting on the temporary appropriations bill that caused the government shutdown. They forced the Supplemental Nutrition Assistance Program for Women, Infants and Children (SNAP) to end this week. Fortunately, President Trump and the White House have identified a creative solution to transfer resources from Section 32 tariff revenue to this critical project."According to AXIOS: The White House will use tariff revenue to fund Snap.On October 8, indirect negotiations between the Palestinian Islamic Resistance Movement (Hamas) and Israel entered their second day. Sources close to Hamas stated that the current round of Gaza ceasefire negotiations remains "difficult and complex." The source stated that Hamas has yet to respond to several conditions Israel deems necessary for a comprehensive ceasefire, particularly those related to Hamas disarmament and future governance in Gaza. The source added that a technical team is currently discussing a detailed map of the Israeli withdrawal area, submitted by the Israeli delegation, as well as a list of Palestinian prisoners Israel plans to release. Hamas has also outlined its proposed mechanism for releasing Israeli detainees.

The Best Computer Hardware Stocks to Purchase Right Now

Alina Haynes

Apr 27, 2022 10:04

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The computer hardware industry has been under pressure since the start of the year, as traders anticipated a decrease in PC demand following the epidemic. Indeed, analyst predictions for these stocks have begun to decline in recent months. Certain equities, on the other hand, are trading at reasonable valuations and may attract speculative traders.

HP

HP stock has recently gained traders' interest following Berkshire Hathaway's announcement of a nearly 10% position in the company.

 

Analyst forecasts have been relatively steady in recent weeks. HP is currently predicted to post earnings of $4.27 per share this year and $4.39 per share the next year, implying that the stock is trading at about an 8 ahead P/E, which appears cheap in the present market climate.

 

The critical question is if analyst projections begin to decline in response to concerns about the global economy's health. HP stock may find more support if earnings projections remain unchanged.

Western Digital Western Digital

Year to date, Western Digital stock has down more than 20%. Analyst projections have been declining in recent weeks, and the corporation is now expected to report fiscal 2023 earnings of $8.97 per share. Thus, the stock is trading at a forward P/E ratio of less than 6, which is unquestionably inexpensive.

 

The company's valuation appears reasonable, and the stock has begun to recover despite the market's sell-off. This rally could continue if the company's quarterly report, due for release on April 28, beats market expectations.