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Top Stock Picks for the Week of May 1st

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Western Digital Corp. (WDC - Free Report) , designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. It has a Zacks Rank of 2, Buy and a score of “A” for everything from Value to Momentum. The company has seen strong demand for both its hard drive and NAND-based products from all categories of its customers. Forward guidance on the company is strong. 

Caterpillar Inc (CAT - Free Report) , is the world's largest manufacturer of construction and mining equipment and more. This Zacks Rank #1, Strong Buy, reported Q1 year-over-year improvement in both its top and bottom line, beating the Zacks consensus estimates on both counts. The company also outperformed its industry classification on a year-to-date basis.

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