It's time to load back up on shares of Apple, contends Deutsche Bank.
Goldman Sachs estimates that the Fed could hike interest rates four times in 2022. This expectation has weighed on tech stocks in the new year -- higher interest rates will make bonds more attractive, while rising inflation may dent high-growth tech companies' prospects due to higher borrowing costs. Shares of Synaptics (NASDAQ: SYNA), for instance, had shot up 200% in 2021, but the stock has been down big time in 2022 so far.
HP's (HPQ) share-price rally is likely to sustain the upward trend as it is benefiting from solid demand for personal computers and a strong rebound in the printing business.