JBL - A Dirt-Cheap Tech Stock to Buy Right Now
Share prices of contract electronics manufacturer Jabil (NYSE: JBL) are down more than 4% in the past month as stocks of companies that form a part of Apple 's (NASDAQ: AAPL) supply chain have taken a beating thanks to reports of weak iPhone 13 demand and production bottlenecks.
Jabil makes casings for iPhones and iPads, getting 22% of its total revenue from Apple in fiscal 2021. So, the stock's drop isn't surprising as the near-term prospects of its largest customer appear gloomy. However, Jabil's slumping stock price could get a shot in the arm when the company releases its fiscal 2022 first-quarter results before the market opens on Dec. 16, 2021. Let's see why.
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A Dirt-Cheap Tech Stock to Buy Right Now