JBL - 1 Incredibly Cheap Stock to Buy Before It Starts Soaring Thanks to Artificial Intelligence (AI)
2024-04-06 05:10:00 ET
Shares of contract electronics manufacturer Jabil (NYSE: JBL) took a beating after the company released its fiscal 2024 second-quarter results on March 15. Jabil delivered handsome gains to investors last year as it successfully navigated a tough spending environment in multiple markets, and it's still trading at almost twice the price at which it began calendar 2023.
However, the company's latest guidance was well behind expectations, and this led investors to press the panic button . But Jabil management is confident that the headwinds that it currently faces will be short term in nature.
Does this mean investors looking to buy a tech stock on the cheap should buy Jabil following its pullback?
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1 Incredibly Cheap Stock to Buy Before It Starts Soaring Thanks to Artificial Intelligence (AI)