Can Celestica Stock Recover? This Option Trade Bets It Can't.

Group 1 - Celestica (CLS) stock experienced a significant decline, dropping nearly 10% and falling below the 21-day moving average, indicating a bearish trend [1] - Analysts suggest that Celestica is unlikely to retest its 52-week high of 360 in the near future, leading to the recommendation of a bear call spread strategy for options trading [1] - The overall sentiment in the market indicates that Celestica's stock may not recover soon, as evidenced by its recent performance and analyst outlook [1] Group 2 - There is a notable increase in capital expenditures on data centers for artificial intelligence, which is expected to positively impact the technology sector, particularly computer gear manufacturers [2] - The surge in AI-related spending is likely to benefit various stocks within the tech stack, indicating a broader trend in the industry [2]