Garp investing with the Nasdaq showing a 6% gain

With the Nasdaq showing a 6% gain year-to-date, GARP strategies are pointing towards semiconductor equipment suppliers. These firms combine sub-18 forward P/E multiples with projected EPS growth above 20%, supported by rising AI-related chip demand. Bank of America Private Bank is a division of Bank of America, N.A. Daktronics can also be an impressive value investment pick with its Zacks Rank #1 and a Value Score of B. Apart from a discounted PEG and P/E, the stock also has a solid long-term historical growth rate of 59.5%. Financial sector plays within a GARP framework are looking attractive as US banks approach their Q2 earnings season. Several regional banks trade at P/E ratios below 10, but still guide for mid-single-digit loan growth in 2024, giving a balance between valuation comfort and growth.