Jabil (JBL) Surges 87.7% YTD: Will This Uptrend Continue?

From Nasdaq:

Jabil Inc. shares have surged 87.7% year to date. Earnings estimates for the current and next fiscal years are 7.7% and 13.8% higher. Headquarters in St. Petersburg, FL, Jabil is a global supplier of electronic manufacturing services in varied sectors. With an ABR of 1.286, Jabil appears primed for further appreciation.

Jabil stands to benefit from resilient demand trends in electric vehicles, healthcare, renewable energy, solar inverters, and smart meters, and an evolving global presence. The company inked a definitive agreement to offload its Mobility business at about $2.2 billion. It reports a long-term earnings growth expectation of 12%.

Arista Networks, NVIDIA Corporation, and United States Cellular Corporation are key picks to consider, each showing robust growth and solid potential in their respective sectors. Arista is a Zacks Rank #2 (Buy) stock, currently holding a leadership position in 100-gigabit Ethernet switching share. NVIDIA, ranked at #2, is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. United States Cellular Corporation is serving as the country’s fourth largest full-service wireless carrier, currently holding a Zacks Rank #1.



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