Barclays: CDW Top Technology Pick, Apple Still A Favorite

January 14, 2015 12:12 PM | 1 min read | Make a Comment

Ben Reitzes of Barclays on Wednesday commented that

CDWCDW

is a top technology pick as the company is well positioned grow revenues and earnings through 2016. Reitzes notes that CDW, unlike other major technology firms like

IBM IBM, Lexmark LXK has no revenue exposure (and currency tailwinds) to Europe or Asia. The analyst adds IBM and Lexmark could have the biggest hits overall, largely U.S. based CDW is best positioned with regard to currency. Reitzes adds that while corporate PC demand will likely fade in 2015, CDW's segments like Healthcare, Federal and Education could post upside. Reitzes also states that Apple is “still a favorite” as checks indicate the company is performing well in the U.S., Europe and China in the near-term while the Apple Watch device and a TV strategy will “drive shares” into 2016.

Market News and Data brought to you by Benzinga APIs

Posted In: News Apple TV Apple Watch Asia Barclays Ben Reitzes CDW Computer Storage & Peripherals Education Europe healthcare Information Technology PC Demand Technology

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!