AAPL - Tech Sell-Off: 1 Stock That's Defying the Downturn and Looks Set to Explode
Technology stocks have been hammered brutally on the market, but contract electronics manufacturer Jabil (NYSE: JBL) has held its ground so far thanks to the strength of its business and its attractive valuation.
While the tech-laden Nasdaq-100 Technology Sector index has lost 16.4% of its value in the past three months, Jabil stock has remained relatively flat (down 2%). What's more, shares of the Apple (NASDAQ: AAPL) supplier have been in recovery mode of late despite the absence of any company-specific information.
With Jabil set to release its fiscal 2022 third-quarter earnings report on Thursday, June 16, it won't be surprising to see this tech stock get a nice shot in the arm. Let's take a peek at what Jabil's quarterly numbers could look like and see why the stock can go on a bull run.
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Tech Sell-Off: 1 Stock That's Defying the Downturn and Looks Set to Explode