Long Position on JBL @ $55.00 on 5/26/2021 (Fundamentals)

Jabil Inc. (JBL) provides manufacturing services and solutions worldwide.

Bullish Wedge on $ JBLThe company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services.

The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA). It also specializes in the three-dimensional mechanical design comprising the analysis of electronic, electro-mechanical, and optical assemblies, as well as offers various industrial design, advance mechanism development, and tooling management services.

In addition, the company provides computer-assisted design services consisting of PCBA design, and PCBA design validation and verification services; and other consulting services, including the generation of a bill of materials, approved vendor list, and assembly equipment configuration for various PCBA designs. Further, it offers product and process validation services, such as product system, product safety, regulatory compliance, and reliability tests, as well as manufacturing test solution manufacturing development services.

Additionally, the company offers systems assembly, test, direct-order fulfillment, and configure-to-order services. It serves automotive and transportation, capital equipment, cloud, computing and storage, defense and aerospace, industrial and energy, networking and telecommunications, print and retail, and smart home and appliances, as well as edge devices and accessories, healthcare, mobility, and packaging industries.

The company was formerly known as Jabil Circuit, Inc. and changed its name to Jabil Inc. in June 2017.

Please note, this stock reports earnings on June 15.

Outpacing both the S&P 500 and the Computer and Technology sector, this stock is on the rise. Share prices should be heading higher as its forward P/E ratio is 10.77.

Entry Point: $55.00

Stop Loss: $52.25

Trading Range: $29.24 - $56.44

Target Price: $60.50

 

 

Updates

9/1/2021 10:22:41 AM

JBL closed at $61.20

Position closed on 9/1/2021 at price of $61.20 with a 11.27% gain in 98 days.

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