L'intérêt à découvert pour Jabil donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Jabil. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Jabil (NYSE:JBL) Stock, Rapport sur les intérêts à découvert

Jabil

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.

Jabil Inc

JetBlue Airways Corporation - Common Stock

JetBlue Airways Corp

B of A Securities analyst Ruplu Bhattacharya maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Buy and raises the price target from $135 to $150.

News

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Jabil, Raises Price Target to $150

U.S. stocks traded higher toward the end of trading, with the Dow Jones index rising more than 250 points on Thursday.
The Dow traded up 0.63% to 42,177.28 while the NASDAQ rose 0.54% to 18,179.88. The S&amp;P 500 also rose, gaining, 0.36% to 5,743.03.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/41045161/how-to-earn-500-a-month-from-costco-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Costco Stock Ahead Of Q4 Earnings</a>
Leading and Lagging Sectors Materials shares jumped by 1.9% on Thursday.
In trading on Thursday, energy shares fell by 2%.
Top Headline
Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) reported better-than-expected earnings for its fourth quarter.
The company posted quarterly sales of $16.41 billion compared with the analyst consensus estimate of $16.39 billion, up 3% Y/Y in U.S. dollars and 5% in local currency. The adjusted EPS of $2.79 topped the analyst consensus estimate of $2.77.
Accenture declared a quarterly cash dividend of $1.48 per share, implying a growth of 15%. The board approved $4.0 billion in additional share repurchase authority, bringing Accenture's total outstanding authority to approximately $6.7 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Telesis Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBIO#NASDAQ">TBIO</a>) shares shot up 43% to $3.31 after the company announced a partnership with Beckman Coulter Life Sciences to revolutionize DNA and mRNA synthesis.</li>
<li>Shares of Pasithea Therapeutics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTTA#NASDAQ">KTTA</a>) got a boost, surging 62% to $6.24 after the company announced safety, tolerability, pharmacokinetic and preliminary efficacy data from the first 2 cohorts of patients in its Phase 1 clinical trial of PAS-004.</li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) shares were also up, gaining 11% to $125.56 after the company reported better-than-expected fourth-quarter financial results and approved a $1 billion share buyback.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Concentrix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) shares dropped 16% to $53.29 following mixed third-quarter financial results.</li>
<li>Shares of Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) were down 32% to $0.7792 after the company announced a $4.5 million public offering at $0.85 per unit.</li>
<li>MDxHealth SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDXH#NASDAQ">MDXH</a>) was down, falling 21% to $2.00 after the company announced the pricing of a $40 million offering of 20 million shares at $2.00 per share</li>
</ul>
Commodities In commodity news, oil traded down 2.5% to $67.95 while gold traded up 0.2% at $2,690.70.
Silver traded up 0.9% to $32.315 on Thursday, while copper rose 3.1% to $4.6290.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 gained 1.25%, Germany's DAX climbed 1.69% and France's CAC 40 jumped 2.33%. Spain's IBEX 35 Index rose 1.36%, while London's FTSE 100 rose 0.20%.
Bank lending to households in the Eurozone increased by 0.6% year-over-year to €6.891 trillion in August compared to a 0.5% rise in the prior month. The GfK Consumer Climate Indicator for Germany climbed to a reading of -21.2 heading into October versus a revised reading of -21.9 in the prior period.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 jumping 2.79%, Hong Kong's Hang Seng Index jumping 4.16%, China's Shanghai Composite Index gaining 3.61% and India's BSE Sensex gaining 0.78%.
Hong Kong&#8217;s trade deficit widened to $33.1 billion in August versus $25.6 billion in the year-ago month.
Economics
<ul>
<li>U.S. core PCE prices increased by 2.8% from the prior quarter during the second quarter compared to a 3.7% gain in the previous period.</li>
<li>U.S. durable goods orders came in mostly unchanged from the previous month in August versus the revised 9.8% jump in the earlier period.</li>
<li>U.S. initial jobless claims fell by 4,000 from the prior week to 218,000 during the period ending September 21, compared to estimates of 225,000.</li>
<li>The US economy expanded at an annualized rate of 3% during the second quarter versus a revised 1.6% increase in the first quarter.</li>
<li>Pending home sales in the U.S. rose by 0.6% from the prior month in August versus market estimates of a 0.3% increase.</li>
<li>U.S. natural-gas stocks rose 47 billion cubic feet in the week ended Sept. 20, compared to market estimates of a 52 bcf gain.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41045737/top-3-materials-stocks-youll-regret-missing-this-quarter">Top 3 Materials Stocks You&#8217;ll Regret Missing This Quarter</a></li>
</ul>

Earnings

Equities

Eurozone

Commodities

Markets

Trading Ideas

CNXC

KTTA

MDXH

RYDE

TBIO

Dow Surges Over 250 Points; Accenture Earnings Top Views

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$125.00</td>
<td>$32.5K</td>
<td>10.3K</td>
<td>73.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$227.50</td>
<td>$25.2K</td>
<td>18.6K</td>
<td>51.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$29.0K</td>
<td>25.7K</td>
<td>6.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$435.00</td>
<td>$29.2K</td>
<td>3.4K</td>
<td>4.6K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$35.0K</td>
<td>3.7K</td>
<td>1.6K</td>
</tr>
<tr>
<td>PGY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$29.4K</td>
<td>1.0K</td>
<td>413</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$350.00</td>
<td>$25.4K</td>
<td>666</td>
<td>399</td>
</tr>
<tr>
<td>JBL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$120.00</td>
<td>$30.6K</td>
<td>689</td>
<td>360</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$38.00</td>
<td>$33.0K</td>
<td>3.1K</td>
<td>290</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$220.00</td>
<td>$34.9K</td>
<td>1.3K</td>
<td>269</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option trade with neutral sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 100 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $325.0 per contract. There were 10322 open contracts at this strike prior to today, and today 73990 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 252 contract(s) at a $227.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $100.0 per contract. There were 18626 open contracts at this strike prior to today, and today 51421 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 25783 open contracts at this strike prior to today, and today 6686 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $435.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $292.0 per contract. There were 3437 open contracts at this strike prior to today, and today 4628 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 3702 open contracts at this strike prior to today, and today 1649 contract(s) were bought and sold. 
• For PGY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>), we notice a call option sweep that happens to be bullish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 190 contract(s) at a $10.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $155.0 per contract. There were 1001 open contracts at this strike prior to today, and today 413 contract(s) were bought and sold. 
• Regarding ACN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 62 contract(s) at a $350.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $410.0 per contract. There were 666 open contracts at this strike prior to today, and today 399 contract(s) were bought and sold. 
• For JBL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 42 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $730.0 per contract. There were 689 open contracts at this strike prior to today, and today 360 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bullish, expiring in 813 day(s) on December 18, 2026. This event was a transfer of 112 contract(s) at a $38.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $295.0 per contract. There were 3169 open contracts at this strike prior to today, and today 290 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be neutral, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 92 contract(s) at a $220.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $380.0 per contract. There were 1326 open contracts at this strike prior to today, and today 269 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

AVGO

DOCN

INTC

MARA

MSFT

NVDA

10 Information Technology Stocks With Whale Alerts In Today's Session

U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Thursday.
Shares of Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) rose sharply in today's session after the company reported better-than-expected fourth-quarter financial results and approved a $1 billion share buyback.
Jabil reported fourth-quarter revenue of $6.96 billion, down by 17.7% year-on-year, beating the analyst consensus estimate of $6.59 billion. The print manufacturing company's adjusted EPS of $2.30 beat the analyst consensus estimate of $2.22.
Jabil shares jumped 11.2% to $126.18 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>SBC Medical Group Holdings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NYSE">SBC</a>) jumped 25.4% to $10.01.</li>
<li>Gaotu Techedu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) shares jumped 25.4% to $3.65.</li>
<li>Adaptive Biotechnologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) gained 24.1% to $4.9650.</li>
<li>TAL Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) gained 21.7% to $10.13.</li>
<li>Ispire Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPR#NASDAQ">ISPR</a>) surged 18.6% to $6.91 following FY24 financial results.</li>
<li>Studio City International Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSC#NYSE">MSC</a>) gained 17.8% to $7.43.</li>
<li>KE Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) surged 17.4% to $19.22. Shares of Chinese stocks traded higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) gained 16.7% to $36.60. Shares of Chinese stocks traded higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) gained 14.4% to $71.19.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) gained 14.2% to $109.37 following strong quarterly results.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) jumped 14.2% to $43.60.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) gained 10% to $100.78.</li>
<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) climbed 9.9% to $31.19 after the company announced it plans a $2.5 billion share repurchase program and issued its third-quarter RASM guidance. Also, the company announced it reduced headcount through controlled hiring and attrition and has contracts with all labor groups.</li>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) gained 9.7% to $104.73 following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) rose 9.1% to $55.74.</li>
<li>Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) gained 6.6% to $138.71.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41045737/top-3-materials-stocks-youll-regret-missing-this-quarter">Top 3 Materials Stocks You&#8217;ll Regret Missing This Quarter</a></li>
</ul>

Pre-Market Outlook

Movers

ADPT

BABA

BEKE

New Oriental Education & Technology Group

GSX Techedu Inc. American Depositary Shares

GOTU

HTHT

ISPR

TCOM

YUMC

Jabil Posts Upbeat Earnings, Joins Micron Technology, Southwest Airlines And Other Big Stocks Moving Higher On Thursday

Guidance

CORRECTION: Jabil Expects FY25 Revenue Of $27B Vs $27.19B Est, Adj EPS Of $8.65 Vs $8.64 Est

Jabil Inc&nbsp;(NYSE:&nbsp;JBL) reported fourth-quarter revenue of $6.96 billion, down by 17.7% year-on-year, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41043470/jabil-posts-fourth-quarter-and-fiscal-year-2024-results" rel="noreferrer noopener">analyst consensus estimate&nbsp;of $6.59 billion</a>.&nbsp;
The print manufacturing company&#8217;s adjusted EPS of $2.30 beat the&nbsp;analyst consensus estimate of $2.22.
Segments: Diversified Manufacturing Services (DMS) revenue declined <a target="_blank" href="https://investors.jabil.com/overview/default.aspx" rel="noreferrer noopener">by 22% Y/Y</a>, and Electronics Manufacturing Services (EMS) revenue fell by&nbsp;13% Y/Y.
The company held $2.20 billion in cash and equivalents as of August-end. Operating cash flow for the year totaled $1.72 billion, with an adjusted free cash flow of $1.05 billion.
CEO Mike Dastoor: &#8220;While short-term demand is facing challenges in certain end-markets, we are confident that in the mid-to-long term, we are well-positioned to capitalize on secular trends in areas such as datacenter power and cooling, electric and hybrid vehicles, healthcare and pharmaceutical delivery solutions, semiconductor equipment, and warehouse automation.&#8221;
Buyback: The board authorized a share repurchase program of up to $1 billion in common stock.
Q1 Outlook: Jabil expects first-quarter revenue of $6.3 billion – $6.9 billion (consensus: $6.47 billion) and adjusted EPS to $1.65 – $2.05 (consensus: $1.84).
FY25 guidance: The company expects revenue of $27.0 billion (versus consensus: $27.19 billion) and adjusted EPS of $8.65 (versus estimate of $8.64).
Price Action: JBL stock is up 8.88% at $123.50 premarket at the last check Thursday.

Buybacks

Jabil's Q4: Earnings Beat, $1B Buyback, FY25 Guidance And More

CORRECTION: Jabil Expects Q1 Revenue Of $6.30B-$6.90B vs $6.47B Est, Adj EPS Of $1.65-$2.05 vs $1.84 Est

WIIM

Jabil shares are trading higher after the company reported better-than-expected Q4 financial results and approved a $1 billion share buyback.

Capital Return Update:
The Board of Directors has authorized a share repurchase program of up to $1 billion in common stock. The shares will be repurchased from time-to-time using various methods, including in the open market at the Company's discretion and subject to market conditions and other factors.

Jabil Board Approved A Share Buyback Of Up To $1B

Earnings Beats

Jabil Q4 2024 Adj. EPS $2.30 Beats $2.22 Estimate, Sales $6.964B Beat $6.586B Estimate

Micron, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">earnings</a> could revitalize the sagging market momentum, with the index futures trading notably higher early Thursday. The risk-on mood was evident across the global markets as China&#8217;s commitment to stimulate the domestic economy encouraged traders. The markets also have several Main Street catalysts to consider, including weekly jobless claims data and inflation measures from the second-quarter GDP report. A slew of Federal Reserve officials are due to make speeches, which could potentially offer clues toward the interest-rate trajectory.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+1.38%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.78%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.47%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.87%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.79% to $574.55 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 1.44% to $492.82, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks ended Tuesday&#8217;s session on a mixed note, as wary traders either stepped to the sidelines or took some profits off the table ahead of the flurry of data due over the next two days and Micron&#8217;s earnings that came out after the market closed. IT and utility stocks rose, while the remaining 11 sector classes pulled back. Energy and healthcare stocks were among the worst performers of the session.
The Nasdaq Composite ended marginally higher, advancing for a third straight session, while the S&amp;P 500 Index and the Dow Industrials retreated from their record highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.04%</td>
<td>18,082.21</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>0.19%</td>
<td>5,722.26</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.70%</td>
<td>41,914.75</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.17%</td>
<td>2,223.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The market could remain lackadaisical until the election, according to Fund Strat&#8217;s Tom Lee. The Fed rate cut is historically positive three to six months out but what stocks do in the next month is a bit of a coin flip, the strategist <a href="https://x.com/CNBCClosingBell/status/1839029917742219408">said</a> in an interview with CNBC. 
Some repositioning took place and the market is now looking ahead to the election, which is just 40 days away, he said. 
Lee noted that most wealth managers and family offices he spoke to hinted at unwillingness to commit capital until after election day. &#8220;I don't think it matters who wins; It&#8217;s just they want to get that event behind,&#8221; he added.
The strategist said in election years, the November and December rallies are pretty tremendous, and when the gains are over 10% in the first half of the year, the November-December rallies get bigger, he said. &#8220;I am bullish into year-end but I'm a little less confident about how markets behave into election day and not that I think we're going to have a huge drawdown,&#8221; he added. 
&#8220;I also don't think we can make new highs and then see the market blast off after election day. So I'd rather sort of say things look a lot better after election day,&#8221; Lee said.
A Morgan Stanley strategist looked ahead to what&#8217;s in store after the first rate cut in the current monetary policy cycle. Chief Investment Officer, Morgan Stanley Wealth Management, Lisa Shalett said corporate fundamentals will now need to come into sharper focus, though expectations are already ambitious.
Given this backdrop, she advised investors to consider reducing ultra-short and money market positions in favor of locking in longer-dated rates. The equal-weighted S&amp;P 500 Index may provide better risk-adjusted exposure than its market-cap-weighted counterpart, she said. The strategist also flagged financial services, industrials, energy, healthcare and materials, as well as parts of technology such as software as compelling opportunities. Defensive ideas in residential REITs and utilities, and non-U.S. assets also could work in the current environment, she said.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release the customary jobless claims data at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to rise to 223,000 in the week ended Sept. 21, up from 219,000 in the previous week.</li>
<li>The Commerce Department is due to release its durable goods orders report for August at 8:30 a.m. EDT. The consensus estimate calls for a 3% month-over-month drop in durable goods orders compared to a 9.8% jump in the previous month.</li>
<li>The Bureau of Economic Analysis will release the final second-quarter GDP report at 8:30 a.m. EDT. The second-quarter growth is expected to be left unrevised at 3%. </li>
<li>The National Association of Realtors is due to release its pending home sales index for August at 10 a.m. EDT. The consensus estimate is for a 1% month-over-month increase for August, reversing some of the 5.5% drop in the previous month.</li>
</ul>
Fed speeches scheduled for the day include:
<ul>
<li>Fed Governor Adriana Kugler and Boston Fed President Susan Collins at 9:10 a.m. EDT</li>
<li>Fed Governor Michelle Bowman at 9:15 a.m. EDT</li>
<li>Fed Chair Jerome Powell at 9:20 a.m. EDT (at the 2024 U.S. Treasury Market Conference)</li>
<li>New York Fed&nbsp;President John Williams&nbsp;at 9:25 a.m. EDT</li>
<li>&nbsp;Fed Vice Chair for Supervision Michael Barr&nbsp;at 10:30 a.m. EDT</li>
<li>Fed Governor Lisa Cook&nbsp;at 10:30 a.m. EDT</li>
<li>Minneapolis Fed President Neel Kashkari and Barr at 1 p.m. EDT</li>
</ul>
Stocks In Focus:
<ul>
<li>Micron jumped over 15% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results announcement.</li>
<li>Also moving on earnings are H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) (down about 9%), Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) (down over 5%) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) (up about 4%.</li>
<li>Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) and Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) are among the companies due to <a href="https://www.benzinga.com/calendars/earnings">announce their financial results before the market opens</a>.</li>
<li>Those reporting after the close include BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) and Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell sharply and have dropped below the $69-a-barrel level, and gold futures pushed higher and are in record territory. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has gained moderately and is approaching the $64K level. The 10-year Treasury note edged down slightly to 3.772%.
The global markets were in a sea of green, with Hong Kong, China and Japan closing notably higher, as sentiment received a boost from China&#8217;s stimulus announcements. To add to the buoyancy, Bloomberg reported that China is considering injecting up to 1 trillion yuan($142.39 billion) of capital into its biggest state banks to facilitate lending. The European markets also advanced strongly in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41040634/analyst-counters-pete-buttigiegs-assertion-that-inflation-went-down-after-bidens-ira-2022-they-are-s">Analyst Counters Pete Buttigieg&#8217;s Assertion That Inflation Went Down After Biden&#8217;s IRA 2022: &#8216;They Are Still Rising And You Don&#8217;t Seem To Care..At All&#8217;</a></li>
</ul>
Image Via Pixabay

Futures

Previews

Economics

Federal Reserve

$BTC

COST

US Stocks Set For Strong Start, Micron Jumps, China Commits More Stimulus: Strategist Flags 'Tremendous' Gains Near Term

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Wednesday.
U.S. stocks settled mostly lower on Wednesday, with the Dow Jones index falling around 300 points during the session.
Shares of Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) dipped more than 39% on Wednesday after the company reported worse-than-expected fourth-quarter EPS results.
On the economic data front, U.S. building permits increased by 4.6% to an annual rate of 1.470 million in August. Sales of new single-family houses in the U.S. fell by 4.7% from the prior month to an annualized rate of 716,000 in August of 2024, compared to a revised 10.3% gain in the prior month.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, health care, and financials stocks recording the biggest losses on Wednesday. However, information technology and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 293 points to 41,914.75 on Wednesday. The S&amp;P 500 fell 0.19% to 5,722.26, while the Nasdaq Composite gained 0.04% at 18,082.21 during Wednesday's session.
Investors are awaiting earnings results from Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), and Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 67, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 66.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>

SFIX

Dow Tumbles Nearly 300 Points: Investor Optimism Improves Slightly, But Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) to report quarterly earnings at $2.77 per share on revenue of $16.39 billion before the opening bell. Accenture shares rose 1.5% to $342.00 in after-hours trading.</li>
<li>Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">reported</a> better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Micron shares jumped 14.8% to $109.90 in the after-hours trading session.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings at $2.22 per share on revenue of $6.59 million before the opening bell. Jabil shares gained 0.1% to $113.58 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) reported worse-than-expected financial results for its third quarter and issued weak FY24 earnings guidance. H.B. Fuller shares dipped 9% to $73.39 in the after-hours trading session.</li>
<li>Analysts expect Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) to post quarterly earnings at $5.08 per share on revenue of $79.97 billion. The company will release earnings after the closing bell. Costco shares gained 0.1% to $908.90 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>
Photo courtesy: Shutterstock

Micron Technology, Accenture And 3 Stocks To Watch Heading Into Thursday

Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/JBL/earnings">opening bell on Thursday, Sept. 26</a>.
Analysts expect the Saint Petersburg, Florida-based company to report quarterly earnings at $2.22 per share, down from $2.45 per share in the year-ago period. Jabil is projected to post quarterly revenue of $6.59 billion, down from $8.46 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 23, Jabil said it expanded silicon photonics capabilities to enable next-generation AI and data center technologies.
Jabil shares fell 0.2% to close at $112.86 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f1c1bcefacff0001706782/matthew-sheerin">Stifel analyst Matthew Sheerin</a> maintained a Buy rating and cut the price target from $135 to $130 on Sept. 17. This analyst has an accuracy rate of 71%.</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Overweight rating and cut the price target from $137 to $133 on Sept. 3. This analyst has an accuracy rate of 70%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64f99e440313770001b5ef69/george-wang">Barclays analyst George Wang </a>maintained an Overweight rating and slashed the price target from $149 to $135 on June 21. This analyst has an accuracy rate of 61%.</li>
<li>UBS analyst David Vogt maintained a Neutral rating and cut the price target from $130 to $120 on June 21. This analyst has an accuracy rate of 75%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d52968b85e930001416e52/jim-kelleher">Argus Research analyst Jim Kelleher</a> downgraded the stock from Buy to Hold on March 19. This analyst has an accuracy rate of 76%.</li>
</ul>
Considering buying JBL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25023924/image-193-1024x519.png" alt="" class="wp-image-564813" style="width:564px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25023924/image-193-1024x519.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25023924/image-193-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25023924/image-193-768x389.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25023924/image-193.png 1323w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>

Jabil Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Jabil Expands Silicon Photonics Capabilities At Ottawa Site To Support New Product Introductions For Hyperscalers And AI Data Centers, Set To Roll Out In Q4 2024

Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) is set to release fourth-quarter fiscal 2024 results on Sept. 26, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 2.16%. It pulled off a trailing four-quarter earnings surprise of 3.10%, on average.
The leading global supplier of electronic manufacturing services is likely to witness a revenue contraction year over year in the fourth quarter of fiscal 2024. Soft demand trends in some end markets and macroeconomic challenges are likely to impede the top-line growth. Initiatives to improve profitability and free cash flow are positives.
<h2>Factors at Play</h2>
Jabil is placing a strong emphasis on integrating sophisticated AI and ML capabilities to enhance portfolio offerings and improve the efficiency of its internal process. Growing demand for AI infrastructure in data center space, along with AI proliferation in cloud, networking and industrial automation end markets are major tailwinds. Jabil&#39;s focus on end market and product diversification, coupled with its large-scale global operations, offers a high degree of resilience during times of macroeconomic and geopolitical disruption. Management&#39;s focus on operational efficiency and effective working capital management is boosting profitability and free cash flow.
However, demand softness in several key end markets, including 5G, renewable energy, digital print and healthcare is weighing on net sales. The company&#39;s automotive vertical is also experiencing headwinds as the Chinese automotive market grapples with overcapacity and high inventory levels. Moreover, the launch of new electric vehicle platforms has been postponed by several quarters. These factors are likely to have impeded revenues in the fourth quarter of fiscal 2024. The company&#39;s strategy to move away from less prospective markets by restructuring and reshaping its portfolio will impact top-line growth in the near term.
The Zacks Consensus Estimate for the DMS vertical is pegged at $3.384 billion, indicating a decline from $4.436 billion reported in the year-ago quarter. Revenues from the EMS vertical are pegged at $3.169 billion, implying a downtrend from $4.022 billion in the year-ago quarter.
For the August quarter, the Zacks Consensus Estimate for revenues is pegged at $6.573 billion, which indicates a decline from the year-ago quarter&#39;s tally of $8.458 billion. The consensus estimate for earnings is pegged at $2.23, suggesting a decrease from $2.45 reported in the prior-year quarter.
<h2>Earnings Whispers</h2>
Our proven model doesn&#39;t conclusively predict an earnings beat for Jabil this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is -0.22%.
<div class="chart_embed">
<h3>Jabil, Inc. Price and EPS Surprise</h3>
<img alt="Jabil, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/8d/1726839570.png" style="height:294px; width:610px" title="" />
Jabil, Inc. price-eps-surprise | Jabil, Inc. Quote
Zacks Rank: Jabil currently has a Zacks Rank #4 (Sell).
</div>
<h2>Stocks to Consider</h2>
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Accenture (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) is set to release its quarterly numbers on Sept. 26. It has an Earnings ESP of +0.37% and a Zacks Rank #2.
The Earnings ESP for Carnival (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) stands at +2.99%. The company carries a Zacks Rank of 3. It is scheduled to report quarterly numbers on Sept. 30.
The Earnings ESP for Costco Wholesale (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) stands at +0.62%, and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Sept. 26.
<a href="https://www.zacks.com/stock/news/2339327/will-revenue-contraction-affect-jabil-s-q4-earnings-results?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2339327">To read this article on Zacks.com click here.</a>

Large Cap

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Management

Will Revenue Contraction Affect Jabil's Q4 Earnings Results?

AAOI

AEVA

ANET

BELFB

CALX

FLEX

GDDY

KEYS

LINK

PMTS

SHOP

SNOW

TWLO

ZBRA

Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Needham cut the price target for Immunocore Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCR#NASDAQ">IMCR</a>) from $81 to $78. Needham analyst Gil Blum maintained a Buy rating. Immunocore shares fell 1.6% to close at $33.00 on Monday. <a href="https://www.benzinga.com/quote/IMCR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised the price target for Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) from $41 to $45. Baird analyst Vikram Kesavabhotla maintained an Outperform rating. Doximity shares rose 0.3% to close at $39.44 on Monday. <a href="https://www.benzinga.com/quote/docs/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities boosted GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) price target from $200 to $300. B of A Securities analyst Andrew Obin upgraded the stock from Neutral to Buy. GE Vernova shares rose 1.9% to close at $229.93 on Monday. <a href="https://www.benzinga.com/quote/gev/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut Adecoagro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGRO#NYSE">AGRO</a>) price target from $14.5 to $12.5. Morgan Stanley analyst Javier Martinez downgraded the stock from Overweight to Equal-Weight. Adecoagro shares fell 0.2% to close at $11.55 on Monday. <a href="https://www.benzinga.com/quote/agro/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein slashed the price target for Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) from $174 to $155. Bernstein analyst Richard Clarke maintained an Outperform rating. Airbnb fell 0.2% to close at $117.55 on Monday. <a href="https://www.benzinga.com/quote/abnb/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) price target from $230 to $285. Piper Sandler analyst Matt O&#8217;Brien maintained an Overweight rating. Insulet shares rose 0.01% to close at $233.89 on Monday. <a href="https://www.benzinga.com/quote/podd/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel cut BioMarin Pharmaceutical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) price target from $115 to $87. Stifel analyst Paul Matteis maintained a Buy rating. BioMarin Pharmaceutical shares fell 17.7% to close at $69.86 on Monday. <a href="https://www.benzinga.com/quote/bmrn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen cut the price target for Topgolf Callaway Brands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>) from $13 to $10. TD Cowen analyst John Kernan maintained a Hold rating. Topgolf Callaway Brands shares rose 2% to close at $10.40 on Monday. <a href="https://www.benzinga.com/quote/modg/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel slashed Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) price target from $135 to $130. Stifel analyst Matthew Sheerin maintained a Buy rating. Jabil shares fell 0.2% to close at $105.72 on Monday. <a href="https://www.benzinga.com/quote/jbl/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities raised Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) price target from $37 to $41. B. Riley Securities analyst Lucas Pipes maintained a Neutral rating. Alcoa shares rose 6.1% to close at $34.50 on Monday. <a href="https://www.benzinga.com/quote/aa/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GEV stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="481" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17085859/image-132-1024x481.png" alt="" class="wp-image-551787" style="width:592px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17085859/image-132-1024x481.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17085859/image-132-300x141.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17085859/image-132-768x361.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/17085859/image-132.png 1322w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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GE Vernova To Rally Over 30%? Here Are 10 Top Analyst Forecasts For Tuesday

Stifel analyst Matthew Sheerin maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Buy and lowers the price target from $135 to $130.

Stifel Maintains Buy on Jabil, Lowers Price Target to $130

Leveraging solid demand trends driven by healthy AI traction, Celestica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) has surged 77.4% over the past year compared with the industry&#39;s growth of 10.9%. It has outperformed peers like Flex Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) and Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) over this period.
Celestica is among the lesser-known winners of the artificial intelligence&nbsp;revolution. This Toronto, Canada-based company offers a one-stop shop for the electronics market, from design to manufacture to supply chain management, operating primarily as a behind-the-scenes partner for other electronics-based firms. With a diverse portfolio of products that form an integral part of AI applications, Celestica&#39;s healthy growth momentum is likely to continue.
One-Year Price Performance
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/75/77164.jpg?v=1251052859" />
Image Source: Zacks Investment Research
<h2>Generative AI Boom Fueling CLS Growth Momentum</h2>
Riding on the generative AI boom, Celestia is witnessing robust demand for AI/ML compute and networking products from hyperscale customers. In addition to the high-performance 800G family of network switches (which are vital for data centers that power AI applications) and storage solutions like the SC6100 controller and SD6200 platform (which provide efficient and scalable data storage for AI), Celestia offers Photonic Fabric &ndash; an optical compute and memory fabric solution capable of supercharging AI infrastructure. This solution provides a foundational technology to advance AI while maintaining scalable, sustainable and profitable business models.
By integrating next-generation networking products with silicon photonics packaging solutions, Celestica aims to optimize supply chain solutions to reduce time to market. The data center switches combined with optical transceivers have the potential to handle and sustain high volumes of both inbound and outbound network traffic and cater to the demand for data center bandwidth for supporting AI/ML and data analytics applications. These state-of-the-art products have translated into solid top-line growth in recent years.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e7/77165.jpg?v=597432803" />
Image Source: Zacks Investment Research
<h2>CLS Expanding Portfolio to Better Serve Customers</h2>
Celestica is increasingly focusing on improving its portfolio depth. It recently introduced SC6100 &ndash; a next-generation, 2U rackmount all-flash storage controller &ndash; designed to deliver superior performance for the most demanding enterprise application workloads. Powered by two EPYC Embedded 9004 series processors from Advanced Micro Devices, Inc., it offers improved energy efficiency for next-generation networking, security and storage applications.
Harnessing AMD&#39;s &quot;Zen 4&quot; core architecture, the SC6100 supports up to 24 dual-port U.2 PCIe Gen 5 solid-state drives with flexible input/output options and hot-swappable components for maximum uptime and reliability. This provides a secure, cost-effective and versatile storage solution for enterprises that generate, store and analyze increasing amounts of data and rely on real-time analytics to make strategic decisions.
<h2>Additional Production Capabilities to Aid CLS</h2>
To strengthen its market-leading position of AI-enabled products, Celestia is currently developing more than 100,000 square feet of additional capacity in Thailand. Moreover, it is adding 80,000 square feet of incremental capacity in Malaysia to augment its production capabilities. Celestia is also working with industry leaders to commercialize technologies such as On-Board Optics and Co-Packaged Optics to address the demand for speed and cost-efficiency amid the evolving technology landscape.
<h2>Estimate Revision Trend for CLS</h2>
Earnings estimates for Celestia for 2024 have moved up 47.2% to $3.65 over the past year, while the same for 2025 has improved 19.5% year to date to $3.99. The positive estimate revision depicts optimism about the stock&#39;s growth potential.&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/61/77166.jpg?v=665772488" />
Image Source: Zacks Investment Research
<h2>End Note</h2>
As the company scales up production volumes and costs go down, possible uses for silicon photonics are likely to soar across several industries, including automotive, data center and high-performance computing, telecommunications, medical, aerospace and defense. We believe that Celestia is on track for sustained growth over the years, backed by its robust infrastructure investments, solid technology know-how and wide industry experience spanning three decades.
The stock delivered a trailing four-quarter average earnings surprise of 12.2%. It has a VGM Score of A. Celestia currently sports a Zacks Rank #1 (Strong Buy).
Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
<a href="https://www.zacks.com/stock/news/2334055/reasons-why-celestica-stock-is-a-buy-beyond-the-77-1-year-surge?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2334055">To read this article on Zacks.com click here.</a>

Mid Cap

Tech

Reasons Why Celestica Stock is a Buy - Beyond the 77% 1-Year Surge

The technology sector anticipates robust expansion fueled by groundbreaking innovations and heightened governmental backing. Therefore, exploring low P/E tech stocks like Hewlett Packard (HPE), Jabil (JBL), and Flex (FLEX) presents substantial growth opportunities for investors seeking to capitalize on this trend. Read on… Businesses are embracing new digital technologies at an accelerating pace, enhancing their products and services. This digital shift is setting the stage for significant transformations across multiple sectors. As companies adapt and evolve, the tech sector is becoming a focal point for investors.
In this landscape, stocks such as Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>), Jabil Inc. (<a href="https://stocknews.com/stock/JBL/">JBL</a>), and Flex Ltd. (<a href="https://stocknews.com/stock/FLEX/">FLEX</a>) stand out. With their low P/E ratios and strong growth potential, these companies offer enticing opportunities for those seeking to capitalize on the expanding tech landscape.
Each day brings <a href="https://www2.deloitte.com/us/en/insights/industry/technology/executives-expect-tech-industry-growth-in-2024.html">new advancements in technology</a>, driven by groundbreaking research, product launches, and shifts in consumer needs. Artificial Intelligence (AI) plays a central role in this evolution. As AI continues to rise, companies are investing in cloud infrastructure and connectivity to keep pace.
Generative AI (genAI), in particular, has been pivotal in driving digital transformation, offering innovative solutions to industries ranging from financial services to customer support and product development.
The Generative AI market is expected to reach <a href="https://www.statista.com/outlook/tmo/artificial-intelligence/generative-ai/worldwide">$36.06 billion by 2024</a>. With a projected annual growth rate of 46.5%, the market is set to expand significantly, reaching $356.10 billion by 2030. Immersive technologies, such as <a href="https://www.weforum.org/publications/top-10-emerging-technologies-2024/digest/">virtual and augmented reality</a>, are also accelerating the sector's growth.
By combining these technologies with computing power, companies can improve the accuracy and safety of infrastructure projects while advancing sustainability through better planning and execution.
President Biden's 2024 Budget reflects this growing importance of technology by <a href="https://www.whitehouse.gov/ostp/news-updates/2024/03/13/fact-sheet-president-bidens-2025-budget-invests-in-science-and-technology-to-power-american-innovation-expand-frontiers-of-whats-possible/">allocating $729 million</a> to AI research and development at the National Science Foundation (NSF). The budget includes $30 million dedicated to the second year of the National AI Research Resource Pilot.
With the tech sector thriving, investors are gravitating towards stocks with <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">lower P/E ratios</a>, as these offer greater value for each dollar of earnings. A lower P/E ratio represents a more appealing price tag, attracting investors who seek a balance between cost and growth potential.
Considering the trends in the industry, let us discuss the fundamentals of three tech stocks, starting with #3.
Stock #3: Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>)
HPE is a global technology company that offers general-purpose servers, hybrid cloud solutions, wired and wireless networks, and flexible investment solutions for technology deployment models. It operates under the Server; Hybrid Cloud; Intelligent Edge; Financial Services; Corporate Investments and Other segments.
On September 24, HPE <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/hpe-expands-ai-powered-automation-introduces-monitoring-for-third-party-devices-and-end-user-experience-from-hpe-aruba-networking-central.html">announced the expansion</a> of its AI-powered network management solution, HPE Aruba Networking Central. The new expansion provides much-needed AI insights and capabilities to control, predict, and manage its customer's networks and establish itself in a strong position in the AI industry.
On September 16, HPE <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/barclays-doubles-private-cloud-estate-with-hpe-greenlake-cloud.html">announced a new private cloud services deal</a> with Barclays PLC (<a href="https://stocknews.com/stock/BCS/">BCS</a>), the British universal bank, to include HPE GreenLake Cloud in BCS' hybrid cloud strategy. Through this partnership, HPE aims to expand its global client base, enhancing its international presence and driving business growth.
In terms of forward non-GAAP P/E, HPE is trading at 9.64x, 60.2% lower than the industry average of 24.19x. Likewise, the stock's forward EV/EBIT and forward Price/Cash flow multiples of 10.67 and 6.30 are 47.3% and 71.5% lower than their respective industry averages of 20.28x and 22.12x.
During the fiscal 2024 third quarter that ended July 31, HPE's net revenue increased 10.1% year-over-year to $7.71 billion. Its non-GAAP earnings from operations grew 7.4% from the year-ago value to $771 million.
In addition, HPE's non-GAAP net earnings and non-GAAP EPS rose 3.4% and 2% from the prior year's period to $661 million and $0.50, respectively.
Analysts expect HPE's revenue for the fiscal fourth quarter ending in October 2024 to increase 12.4% year-over-year to $8.26 billion. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the ongoing quarter is expected to grow 7.2% from the prior year's period to $0.56. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters.
Shares of HPE have gained 14.1% over the past six months and 16.4% over the past year to close the last trading session at $19.85.
HPE's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
HPE has a B grade for Value and Sentiment. Within the 45-stock <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry, the stock is ranked #8.
<a href="https://stocknews.com/stock/HPE/">Click here</a> to access additional HPE ratings for Momentum, Growth, Quality, and Stability.
Stock #2: Jabil Inc. (<a href="https://stocknews.com/stock/JBL/">JBL</a>)
JBL is a manufacturing solutions provider offering comprehensive electronics design, production, and product management services. The company operates through two segments, Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS).
On September 23, JBL <a href="https://investors.jabil.com/news/news-details/2024/Jabil-Expands-Silicon-Photonics-Capabilities-to-Enable-Next-Generation-AI-and-Data-Center-Technologies/default.aspx">announced its continued investment</a> in silicon photonics-based products and capabilities to facilitate the growing demands due to next-wave cloud and AI data center growth. With additional capabilities planned to roll out in the future, JBL is catering to the evolving market demands and securing itself in a top market position.
On September 10, JBL <a href="https://investors.jabil.com/news/news-details/2024/Jabil-to-Expand-Operations-in-India/default.aspx">announced the signing</a> of a Memorandum of Understanding (MoU) with the Tamil Nadu state government as part of the company's expansion in Tiruchirappalli, Tamil Nadu, India. With an emerging market in India, JBL's expansions to emerging nations will enhance the company's portfolio and growth prospects.
In terms of forward non-GAAP P/E, JBL is trading at 13.43x, 44.5% lower than the industry average of 23.19x. Its forward EV/EBITDA of 5.93x is 58.6% lower than the sector average of 14.31x. In addition, the stock's forward Price/Cash flow of 8.15x is 63.2% lower than the industry average of 22.12x.
For the fiscal 2024 third quarter that ended May 31, JBL's net revenue came in at $6.77 billion. The company's core operating income was reported to be $350 million. Additionally, its core earnings came in at $230 million or $1.89 per share.
As of May 31, 2024, JBL's cash and cash equivalents stood at $2.46 billion compared to $1.80 billion on August 31, 2023.
The consensus EPS estimate of $8.62 for the fiscal year ending August 2025 reflects a rise of 2.7% year-over-year. Furthermore, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of JBL have gained 5.7% over the past month and 6.6% over the past year to close the last trading session at $114.62.
JBL's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
JBL has an A grade for Momentum and a B for Value and Quality. It is ranked #15 out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have JBL's ratings for Growth, Sentiment, and Stability. Get all JBL ratings <a href="https://stocknews.com/stock/JBL/">here</a>.
Stock #1: Flex Ltd. (<a href="https://stocknews.com/stock/FLEX/">FLEX</a>)
FLEX offers manufacturing solutions and services through two segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). FAS covers various end markets like Communications, Enterprise, and Cloud (CEC). Meanwhile, FRS covers automotive, health solutions, and industrial sectors.
On August 22, Anord Mardix, a FLEX company, <a href="https://investors.flex.com/news/news-details/2024/Anord-Mardix-Opens-Second-Facility-in-Ireland-to-Meet-Growing-Demand-for-Critical-Power-Solutions/default.aspx">announced the opening of a second facility</a> named D2 in Dundalk, Ireland. This facility is aimed at serving as an assembly hub for switchgear products to ensure efficiency in the production process of reliable and uninterrupted data center power from the grid.
With AI data centers facing power challenges, FLEX is providing the necessary means to facilitate the incoming AI revolution.
On August 8, FLEX <a href="https://investors.flex.com/news/news-details/2024/Flex-and-Musashi-Energy-Solutions-Partner-to-Mitigate-Utility-Power-Challenges-in-AI-Data-Centers/default.aspx">announced a collaboration</a> with Musashi Energy Solutions, a designer and developer of high-power, long-lasting, and safe Hybrid SuperCapacitors, to supply FLEX-designed and manufactured Capacitor-based Energy Storage Systems (CESS), including Musashi's Hybrid SuperCapacitor (HSC) technology.
As energy consumption increases rapidly worldwide, FLEX's innovations could help the company gather significant exposure in the global energy management sector.
In terms of forward non-GAAP P/E, FLEX is trading at 13.31x, 45% lower than the industry average of 24.19x. Furthermore, the stock's forward EV/EBITDA and forward Price/Cash flow multiples of 7.77 and 10.25 are 45.7% and 53.7% lower than their respective industry averages of 14.31x and 22.12x.
During the fiscal 2025 first quarter that ended on June 28, 2024, FLEX reported net revenue of $6.31 billion. The company's non-GAAP operating income grew 4.4% year-over-year to $306 million. Continuing
Moreover, its non-GAAP net income from continuing operations stood at $211 million, while its non-GAAP EPS rose 8.5% from the prior-year quarter to $0.51.
Street expects FLEX's revenue and EPS for the fiscal year ending March 2026, to increase 4.8% and 15.2% year-over-year to $27.17 billion and $2.78, respectively. In addition, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of FLEX have gained 11.5% over the past six months and 23.8% over the past year to close the last trading session at $32.04.
It's no surprise that FLEX has an overall rating of B, which translates to a Buy in our proprietary rating system.
FLEX has an A grade for Momentum and a B for Value. Within the Technology – Services industry, it is ranked #22 out of 75 stocks.
Beyond what we have stated above, we also have given FLEX grades for Growth, Stability, Sentiment, and Quality. Get all the FLEX ratings <a href="https://stocknews.com/stock/FLEX/">here</a>.
What To Do Next?
43-year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
HPE shares were trading at $19.82 per share on Wednesday afternoon, up $0.94 (+4.98%). Year-to-date, HPE has gained 19.14%, versus a 21.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/hpe-jbl-flex-bcs-3-tech-stocks-with-low-p-e-ratios-that-offer-big/>3 Tech Stocks with Low P/E Ratios That Offer Big Upside</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks with Low P/E Ratios That Offer Big Upside

Here's the major earnings before the open tomorrow

Today, several major companies are expected to report earnings: Accenture (ACN), CarMax (KMX), Costco (COST), Jabil (JBL), BlackBerry (BB), Scholas...

Options Volatility and Implied Earnings Moves Today, September 26, 2024

Jabil Non-GAAP EPS of $2.30 beats by $0.08, revenue of $6.96B beats by $380M

Earnings Snapshot: Jabil tops FQ4 estimates; plans to cut jobs, sees $150M-$200M restructuring costs

Jabil unveils plans to cut jobs as it beats earnings forecast, shares rise

Wall Street sports solid midday gains Thursday, as investors continue to parse economic data that dropped before the opening bell.

Stocks Resume Uptrend As SPX Nabs Another All-Time High

Jabil Inc. 2024 Q4 - Results - Earnings Call Presentation

Jabil Inc. (JBL) Q4 2024 Earnings Call Transcript

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on BlackBerry (BB – Research Report), Intuit (INTU – ...

Analysts Offer Insights on Technology Companies: BlackBerry (BB), Intuit (INTU) and Jabil (JBL)

FANG

INTU

SCHL

Press Releases

Jabil's Third Quarter of Fiscal Year 2024 Earnings Announcement Set

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Jabil Inc. - JBL

Fabrinet Appoints Forbes Alexander to Board of Directors

Jabil Posts Third Quarter Results

Jabil Declares Quarterly Dividend

Jabil Earns Fourth Consecutive Top Score on Disability Equality Index

Jabil CEO Michael Dastoor Appointed to Board of Directors

Jabil Announces Date for Fourth Quarter and Fiscal Year 2024 Earnings Release and 7th Annual Investor Briefing

Jabil Expands Silicon Photonics Capabilities to Enable Next-Generation AI and Data Center Technologies

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