E Daily Stock Pick: Avnet - Wednesday, July 1

A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the third of four technology sector stocks poised to join my Volio folio this week. One could be my forty-fourth pick for Volio!

That technology sector includes nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, information technology and services, to internet, scientific instruments, software, solar, and all such techno-marvels.

My subject today is a mid-cap electronics and computer distributor named, Avnet Inc. Its trading ticker is AVT. This is my second report on Avnet for this portfolio. I last featured it on May 1.

Avnet is a leading value-added distributor of electronic components. The company's customer base is composed of original equipment manufacturers, or OEMs, electronic manufacturing services, or EMS, providers and original design manufacturers, or ODMs.

The firm operates in two groups--electronic components and Farnell. Acquired by Avnet in October 2016, the Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs.

The company has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

I use three key data points to gauge dividend equities or funds like Avnet Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

AVT Price

Avnet's price per share closed at $27.89 yesterday. A year ago their price was $45.59. Price fell $17.70 or over 38.5% last year.

Assuming Avnet's stock trades in the range of $18 to $48  this next year, its recent $27.89 price might rise by $2.11 to reach $30.00 by July 1, 2021.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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