Computer Hardware: Getting Healthier

S&P says the industry's fundamentals are positive. Stock price momentum is another plus. Among its top picks: Apple

The S&P 1,500 Computer Hardware subindustry index is the newest member of the high-momentum list (see the full list at the end of this story), indicating that its trailing 12-month price performance is now in the top 10% of all 136 subindustry indexes in the S&P 1,500. Year to date through May 25, the S&P Computer Hardware Index is up 12.3%, vs. a 7.3% gain for the S&P 1,500. In the past 13 weeks, this subindustry index gained 10.8% to the market's climb of 4.3%.

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