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Top Ranked Value Stocks to Buy for May 23rd

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Here are four stocks with buy rank and strong value characteristics for investors to consider today, May 23rd:

Arrow Electronics, Inc. (ARW - Free Report) : This major distributor of electronic components has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 60 days.

Arrow Electronics has a price-to-earnings ratio (P/E) of 8.56, compared with 10.90 for the industry. The company possesses a Value Score of A.

PennyMac Mortgage Investment Trust (PMT - Free Report) : This specialty finance company has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 4.4% over the last 60 days.

PennyMac Mortgage Investment Trust has a price-to-earnings ratio (P/E) of 11.30, compared with 20.30 for the industry. The company possesses a Value Score of A.

Ultra Clean Holdings, Inc. (UCTT - Free Report) : This developer of subsystems for the semiconductor has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days.

Ultra Clean Holdings has a price-to-earnings ratio (P/E) of 7.01, compared with 11.50 for the industry. The company possesses a Value Score of A.

Two Harbors Investment Corp. (TWO - Free Report) : This real estate investment trust has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 1.1% over the last 60 days.

Two Harbors Investment has a price-to-earnings ratio (P/E) of 8.23, compared with 12.90 for the industry. The company possesses a Value Score of A.

See the full list of top ranked stocks here

Learn more about the Value score and how it is calculated here.

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