JBL - This Tech Stock Can Soar Higher After 35% Gains This Year
Apple (NASDAQ: AAPL) supplier Jabil (NYSE: JBL) has defied the broader sell-off in tech stocks so far in 2021. The contract electronics manufacturer's impressive top- and bottom-line growth and its attractive valuation have prompted investors to ignore the volatility plaguing the broader market and stick with the stock.
If you missed out on Jabil's impressive rally so far this year (it's up about 35% in 2021), it's still a great time to buy the stock. There is some speculation that the stock may fly higher after Jabil's fiscal third-quarter earnings report is released on Thursday, June 17.
Let's see why that may be the case.
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This Tech Stock Can Soar Higher After 35% Gains This Year