JBL - Buying This Cheap Growth Stock Right Now Is a No-Brainer
Jabil (NYSE: JBL) went into its third-quarter earnings report earlier this month with multiple tailwinds at its back, and the contract electronics manufacturer didn't disappoint -- sales and earnings jumped impressively over the year-ago period.
The Apple (NASDAQ: AAPL) supplier easily crushed Wall Street's estimates and delivered better-than-expected guidance. What's more, Jabil's end markets indicate that its robust financial growth is here to stay, and that could help the stock deliver more upside after a strong rally in the first half of 2021.
Let's look at the factors driving Jabil's outstanding growth and see why it is a top tech stock to buy right now.
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Buying This Cheap Growth Stock Right Now Is a No-Brainer