Buy The Dips In These 2 Top Consumer Electronics Stocks

Analysts expect SONY’s EPS and revenue to increase 100.7% and 9.9%, respectively, year-over-year to $8.53 and $81.72 billion in its fiscal year 2021. It surpassed consensus EPS estimates in three of the trailing four quarters. The stock has soared 58.1% over the past year and has been recently trading at around $99.61. It has been trading below its 52-week high of $118.50, which it hit on Feb. 5, 2021.

SONY’s POWR Ratings reflect this promising outlook. The POWR Ratings assess stocks by 118 different factors, each with their own weighting. The stock has a B grade for Momentum and Stability. Within the Entertainment – Media Producers industry, SONY is ranked #4 of 18 stocks. To see SONY’s ratings for Growth, Value, Sentiment, and Quality, click here.

Panasonic Corporation (PCRFY)

Headquartered in Kadoma, Japan, PCRFY is another top player in the consumer electronics space. It develops, produces, and sells various electronic products worldwide. It operates through five segments: Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions. The company’s offerings include air conditioners, refrigerators, microwave ovens, and other products.

On April 23, PCRFY announced that it has agreed to acquire Blue Yonder, a leading end-to-end, digital fulfillment platform provider. This acquisition strengthens its portfolio and accelerates the companies’ shared Autonomous Supply Chain mission, empowering consumers to optimize their supply chains using the combined power of AI/ML and internet of things (IoT) and edge devices.

The company’s sales were negatively affected when the global economy saw a decline in consumption and investment resulting from the prolonged impact of COVID-19. However, PCRFY’s operating profit in its appliances segment increased 187% year-over-year to 104.3 billion yen ($953.09 million) for its fiscal year, ended March 31, 2021.

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