Here is one stock with buy rank and strong momentum characteristics for investors to consider today, Nov. 5:
Flex Ltd. FLEX: This technology solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4% over the last 60 days.
Flex Ltd. Price and Consensus
Flex Ltd. price-consensus-chart | Flex Ltd. Quote
Flex ’s shares gained 24% over the past three months compared with the S&P 500’s advance of 22.1%. The company possesses a Momentum Score of A.
Flex Ltd. Price
Flex Ltd. price | Flex Ltd. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don’t build. It’s uniquely positioned to take advantage of the next growth stage of this market. And it’s just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it’s positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
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Flex Ltd. (FLEX) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).