Jabil (JBL) Is Up 17.27% in One Week: What You Should Know

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify stocks with strong momentum characteristics, with Jabil (JBL) currently holding a Momentum Style Score of A [2][3] Group 2: Jabil's Performance Metrics - Jabil's shares have increased by 17.27% over the past week, significantly outperforming the Zacks Electronics - Manufacturing Services industry, which rose by 4.08% during the same period [5] - Over the past quarter, Jabil's shares have surged by 51.63%, and over the last year, they have gained 82.17%, while the S&P 500 only increased by 5.61% and 10.35%, respectively [6] - The average 20-day trading volume for Jabil is 1,570,197 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Group 3: Earnings Outlook - In the past two months, two earnings estimates for Jabil have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $8.93 to $9.12 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions, indicating positive earnings momentum [9] Group 4: Conclusion - Jabil is rated as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for investors looking for potential short-term gains [10]