Jabil Circuit (JBL) Down To Strong Sell: Time To Dump It?
Zacks Investment Research | Jul 11, 2016 10:00PM ET
On Jul 12, 2016, Zacks Investment Research downgraded Jabil Circuit Inc (NYSE:JBL) to a Zacks Rank #5 (Strong Sell). Going by the Zacks model, companies holding a Zacks Rank #5 are likely to underperform the broader market over the next one to three months.
Year-to-date, Jabil’s shares have lost nearly 19% in contrast to a gain of over 4.5% in the S&P 500 index. Stagnating sales and a leveraged balance sheet are the primary headwinds for the company. Apart from this, there have been speculations that its largest customer Apple (NASDAQ:AAPL) is still facing demand woes and may even lose market share to its competitor Samsung (OTC:SSNLF) . Samsung last week provided an upbeat guidance for the forthcoming quarter.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.