Group 1: Momentum Investing Overview - Momentum investing deviates from the traditional strategy of "buying low and selling high," focusing instead on "buying high and selling higher" to maximize returns in a shorter timeframe [1] - Identifying the right entry point for fast-moving stocks can be challenging, as these stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [2] Group 2: Investment Strategy and Stock Selection - Investing in bargain stocks that have recently shown price momentum can be a safer approach, with tools like the Zacks Momentum Style Score aiding in identifying promising momentum stocks [3] - Flex (FLEX) is highlighted as a strong candidate for investment, having experienced a 12.9% price increase over the past four weeks, indicating growing investor interest [4] - FLEX has also gained 9.6% over the past 12 weeks, with a beta of 1.26, suggesting it moves 26% more than the market in either direction, demonstrating its strong momentum [5] Group 3: Performance Metrics and Valuation - FLEX holds a Momentum Score of B, indicating a favorable time to invest based on its momentum characteristics [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest and drive prices higher [7] - FLEX is currently trading at a Price-to-Sales ratio of 0.91, suggesting it is undervalued, as investors pay only 91 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides FLEX, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks based on their personal investing styles [9]

Financial Data and Key Metrics Changes - Net revenue for Q1 was $8.3 billion, at the high end of guidance, with core operating income of $454 million and a core operating margin of 5.5% [5][10] - Core diluted earnings per share for Q1 was $2.85, at the upper end of guidance, while GAAP diluted earnings per share was $1.35 [5][6] - The company expects total revenue for Q2 to be in the range of $7.5 billion to $8 billion, with core operating income expected to be between $375 million and $435 million [10][11] Performance by Business Segment - Regulated industries generated $3.1 billion in revenue, up 4% year over year, with a core operating margin of 5.8% [6][17] - Intelligent Infrastructure revenue was $3.9 billion, driven by strength in cloud and data center infrastructure, with a core operating margin of 5.2% [7][8] - Connected Living and Digital Commerce revenue was $1.4 billion, with a core operating margin of 5.5% [8][18] Market Data and Key Metrics Changes - The company anticipates regulated industries' revenue of $2.78 billion for Q2, up 2% year on year, and Intelligent Infrastructure revenue of $3.76 billion, up 42% year on year [9][10] - Connected Living and Digital Commerce revenue is expected to decline by 10% to $1.21 billion due to planned program attrition [10][18] Company Strategy and Development Direction - The company is focused on margin expansion, capital efficiency, and sustained cash generation, with a strong emphasis on AI-related revenue growth [19][20] - The acquisition of Hanley Energy is expected to enhance capabilities in modular power distribution and energy systems for next-generation data centers [15][56] - The company is raising its fiscal 2026 revenue guidance to approximately $32.4 billion, an increase of $1.1 billion from prior outlook [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the diversified portfolio and the ability to navigate changing market conditions [20] - The company expects AI-related revenue to grow approximately 35% year over year, up from the previously expected 25% [16][20] - Management remains cautiously optimistic about the automotive sector, indicating potential upside in 2027 and beyond [62] Other Important Information - Cash flow from operations in Q1 was $323 million, with adjusted free cash flow of $272 million [8][9] - The company repurchased $300 million of shares under its existing share repurchase authorization [9] Q&A Session Summary Question: Can you provide more color on the new wins in the intelligent infrastructure space? - Management highlighted that the intelligent infrastructure is outperforming, with significant contributions from cloud and data center infrastructure, and recent program wins with a second hyperscale customer in Mexico [25][26] Question: What are the prospects for operating margins in fiscal 2027? - Management indicated that they feel confident about achieving above 6% operating margins in fiscal 2027, with a strong pipeline and ongoing efficiencies [29][31] Question: How is the healthcare business expected to evolve? - Management noted that the healthcare business remains solid, with expectations for growth driven by drug delivery platforms and ongoing demand across diagnostics [32][34] Question: What is the outlook for automotive and transport? - Management remains cautiously optimistic about the automotive sector, indicating that while 2026 may be conservative, there is potential for upside in 2027 and beyond [62] Question: How does the company plan to meet demand in the cloud business? - Management discussed ongoing capacity planning and retrofitting efforts to ensure they can meet demand, particularly in their East Coast facility [46][47] Question: What is the impact of the Hanley acquisition on the business? - Management expects the Hanley acquisition to be modestly accretive in 2026, enhancing capabilities in power and energy management solutions [27][56]

Financial Data and Key Metrics Changes - Net revenue for Q1 was $8.3 billion, at the high end of guidance, with core operating income of $454 million and a core operating margin of 5.5% [5][6] - Core diluted earnings per share for Q1 was $2.85, also at the upper end of guidance [6] - GAAP operating income was $283 million, and GAAP diluted earnings per share was $1.35 [5] Performance by Business Segment - Regulated Industries generated $3.1 billion in revenue, up 4% year-over-year, with a core operating margin of 5.8%, up 110 basis points year-over-year [6][7] - Intelligent Infrastructure revenue was $3.9 billion, driven by strength in Cloud and Data Center Infrastructure, with a core operating margin of 5.2%, up 40 basis points year-over-year [7][8] - Connected Living and Digital Commerce revenue was $1.4 billion, with a core operating margin of 5.5% [8] Market Data and Key Metrics Changes - Inventory days for the quarter were 70 days, consistent with targeted range [8] - Cash flow from operations in Q1 was $323 million, with adjusted free cash flow of $272 million [8][9] Company Strategy and Development Direction - The company is focused on margin expansion, capital efficiency, and sustained cash generation, with a diversified portfolio driving performance [11][19] - The acquisition of Hanley Energy is expected to enhance capabilities in modular power distribution and energy systems for next-generation data centers [15][19] - The company anticipates AI-related revenue of approximately $12.1 billion in fiscal 2026, representing 35% year-over-year growth [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong start to fiscal 2026, with all segments contributing to better-than-expected performance [12][20] - The outlook for fiscal 2026 has been raised, with expected revenue of approximately $32.4 billion, an increase of $1.1 billion from prior estimates [19] - Management remains cautiously optimistic about the automotive sector, expecting potential upside in 2027 [62] Other Important Information - The company repurchased $300 million of shares under its existing share repurchase authorization [9] - The core tax rate for Q2 and the full year is expected to be 21% [10] Q&A Session Summary Question: Can you provide more color on the new wins in Intelligent Infrastructure? - Management highlighted that the AI strategy is working well due to a holistic view of data centers, with significant revenue increases expected from Cloud and DCI [25][26] Question: What are the expectations for operating margins in fiscal 2027? - Management indicated that they feel confident about achieving above 6% operating margins in fiscal 2027, with strong pipeline visibility [30][31] Question: How is the healthcare business expected to evolve? - Management noted that the healthcare business remains solid, with ongoing demand across various platforms, and is actively pursuing M&A opportunities to enhance capabilities [32][45] Question: What is the outlook for the automotive sector? - Management remains cautiously optimistic, indicating that while 2026 may be conservative, there is potential for upside in 2027 [62] Question: How is the company planning for capacity in the Cloud business? - Management mentioned ongoing retrofitting and expansion plans to meet demand, with a consistent CapEx outlook [48][49]

Financial Data and Key Metrics Changes - Net revenue for Q1 was $8.3 billion, at the high end of guidance, with core operating income of $454 million and a core operating margin of 5.5% [4][5] - Core diluted earnings per share for Q1 was $2.85, at the upper end of guidance, while GAAP diluted earnings per share was $1.35 [4][5] - The company ended the quarter with a net debt to core EBITDA ratio of 1.2 times and cash balances of $1.6 billion [7] Performance by Business Segment - Regulated industries generated $3.1 billion in revenue, up 4% year over year, with a core operating margin of 5.8% [5][14] - Intelligent Infrastructure revenue was $3.9 billion, driven by strength in cloud and data center infrastructure, with a core operating margin of 5.2% [5][12] - Connected Living and Digital Commerce revenue was $1.4 billion, with a core operating margin of 5.5% [6][15] Market Data and Key Metrics Changes - Intelligent Infrastructure is expected to see revenue growth of 42% year over year in Q2, driven by strong demand across various sectors [8][12] - Regulated industries are projected to generate $2.78 billion in revenue for Q2, reflecting a 2% year-over-year increase [8] - Connected Living and Digital Commerce revenue is expected to decline by 10% in Q2 due to planned program attrition [8] Company Strategy and Development Direction - The company is focused on margin expansion, capital efficiency, and sustained cash generation, with a strong emphasis on AI-related revenue growth [9][16] - The acquisition of Hanley Energy is expected to enhance capabilities in modular power distribution and energy systems for next-generation data centers [12][49] - The company anticipates a diversified revenue mix, with Intelligent Infrastructure leading growth, and expects to raise full-year guidance for revenue and core EPS [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the diversified portfolio and the ability to navigate changing market conditions [9][17] - The outlook for fiscal 2026 has been raised, with expectations of approximately $32.4 billion in revenue, an increase of $1.1 billion from prior estimates [16] - Management noted that all three segments are contributing to the better-than-expected performance, with Intelligent Infrastructure showing particularly strong results [11][17] Other Important Information - The company repurchased $300 million of shares under its existing share repurchase authorization during Q1 [7] - The core tax rate for Q2 and the full year is expected to be 21% [8] Q&A Session Summary Question: Can you provide more color on the new wins in the intelligent infrastructure space? - Management highlighted that the intelligent infrastructure segment is outperforming, with significant revenue increases driven by recent program wins and strong demand in cloud and data center infrastructure [22][23] Question: What are the prospects for operating margins in fiscal 2027? - Management indicated that while they are focused on FY26, they feel optimistic about achieving above 6% operating margins in FY27, driven by better mix and capacity utilization [27][28] Question: How is the healthcare business expected to evolve? - Management noted that the healthcare business remains solid, with ongoing demand across various platforms, and they are actively pursuing M&A opportunities to enhance capabilities [39][40] Question: What is the outlook for the automotive segment? - Management remains cautiously optimistic about the automotive segment, expecting potential upside in 2027 and 2028 as they continue to invest in powertrain-agnostic technologies [55][56] Question: Can you discuss the impact of the Hanley acquisition? - Management emphasized that the Hanley acquisition will enhance their capabilities in power and energy management solutions, providing a platform for ongoing revenue streams [49][50]

Financial Performance - Q1 FY26 - Net revenue reached $8305 million, a 19% increase year-over-year[6] - U S GAAP operating income was $283 million, compared to $197 million in the previous year[6] - Core operating income (non-GAAP) amounted to $454 million, up from $347 million[6] - Core diluted earnings per share (non-GAAP) were $2 85, an increase from $2 00[6] Cash Flow Highlights - Q1 FY26 - Net cash provided by operating activities was $323 million[10] - Adjusted free cash flow (non-GAAP) reached $272 million[10] - Core EBITDA (non-GAAP) totaled $600 million[10] - Share repurchases amounted to $300 million[10] FY26 Outlook - The company anticipates net revenue of $32 4 billion and a core operating margin of 5 7%[26, 30] - Core EPS is projected to be $11 55, with free cash flow exceeding $1 3 billion[26, 30]

Core Insights - Investors are showing a bullish sentiment towards Jabil (NYSE:JBL), with significant options trading activity indicating potential upcoming movements in the stock [1][2]. Options Trading Activity - A total of 10 uncommon options trades for Jabil were identified, with a sentiment split of 60% bullish and 40% bearish. The total amount for puts was $225,951, while calls amounted to $214,355 [2][3]. - The major market movers are focusing on a price range between $190.0 and $330.0 for Jabil over the last three months, indicating a strategic interest in this price band [4]. - The volume and open interest metrics for Jabil's options reveal fluctuations linked to substantial trades within the strike price spectrum from $190.0 to $330.0 over the past 30 days [5]. Options Snapshot - Notable options trades include: - A bullish put sweep with a total trade price of $125.6K at a strike price of $195.00 [9] - A bullish call trade with a total trade price of $47.2K at a strike price of $200.00 [9] - Additional bullish put and call trades with significant volumes and total trade prices, indicating strong investor interest [9]. Company Overview - Jabil Inc. is a U.S.-based company that provides engineering, manufacturing, and supply chain solutions across various industries, operating through three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce [10]. - The company has a global presence, operating in markets such as the U.S., Mexico, China, Malaysia, and Singapore [10]. Analyst Insights - An industry analyst has set an average target price of $262.0 for Jabil, maintaining a Buy rating on the stock [11][12].

Group 1 - ZTEST Electronics Inc. has granted 900,000 stock options to its Directors, Officers, and Employees [1] - The stock options are exercisable at a price of $0.28 per share for a period of 5 years [1] - The vesting schedule includes 50% after 6 months and the remaining balance after 1 year [1] Group 2 - ZTEST Electronics Inc. operates through its wholly owned subsidiary, Permatech Electronics Corporation [1] - The company provides Electronic Manufacturing Services (EMS) to a diverse range of customers [1]

Core Insights - Sanmina Corporation announced a significant expansion of its Energy business with a new factory in Houston, Texas, aimed at the US energy market, set to produce various high-quality energy products starting in 2027 [1][3] - The company has entered into a partnership with Konar - Electrical Industry Inc. to co-design a custom medium-voltage transformer and explore further collaboration opportunities [2][3] Company Overview - Sanmina is a Fortune 500 company recognized as a leading integrated manufacturing solutions provider in the Electronics Manufacturing Services (EMS) market, serving sectors such as industrial, medical, defense, aerospace, automotive, communications networks, and cloud and AI infrastructure [4] - The company has strategically located facilities worldwide to support its manufacturing solutions [4] Partner Company Overview - Konar is focused on energy transition and decarbonization in the power sector, developing advanced solutions and business models that benefit the community and environment [5] - With over a century of experience, Konar is a regional leader in power engineering and a top manufacturer of rail vehicles [5]

Core Insights - Susquehanna initiated coverage of Fabrinet (FN) with a Positive rating and a price target of $550, highlighting its benefits from the transceiver market in data centers and opportunities in optical networking and AI server contract manufacturing [1] - Evercore ISI initiated coverage of Rockwell Automation (ROK) with an In Line rating and a price target of $440, emphasizing the multi-industrials' leverage to strong underlying cycles and expected market outperformance in 2026 [1] - Macquarie initiated coverage of Pony AI (PONY) with an Outperform rating and a price target of $29, noting its leadership in robotaxi commercialization in China [1] - Goldman Sachs initiated coverage of SiTime (SITM) with a Buy rating and a price target of $420, recognizing it as a leading provider of silicon-based precision timing solutions [1] Company Summaries - **Fabrinet (FN)**: Positive rating with a $550 price target; benefits from data center transceivers and optical networking opportunities [1] - **Rockwell Automation (ROK)**: In Line rating with a $440 price target; multi-industrials expected to outperform in 2026 [1] - **Pony AI (PONY)**: Outperform rating with a $29 price target; forefront of robotaxi commercialization in China [1] - **SiTime (SITM)**: Buy rating with a $420 price target; leading provider of silicon-based precision timing solutions [1] - **Macom (MTSI)**: Neutral rating initiated [1] - **Honeywell (HON)** and **GE Vernova (GEV)**: Outperform ratings initiated [1] - **RealReal (REAL)**: Outperform rating initiated; resale market viewed as a significant emerging trend in retail [1]

Core Insights - The Wasatch Small Cap Growth Strategy experienced a decline of -3.17% in Q3 2025, underperforming the Russell 2000 Growth Index which gained 12.19% during the same period [1] - Fabrinet (NYSE:FN) was highlighted as a top stock, achieving a one-month return of 13.02% and a remarkable 98.16% increase over the last 52 weeks, closing at $470.89 per share with a market capitalization of $16.871 billion [2][3] Company Performance - Fabrinet generated $978 million in revenue for fiscal Q1 2026, marking a 22% year-over-year increase and an 8% rise from the previous quarter [4] - The company is experiencing strong adoption of its products across various industries, particularly in data centers, which are linked to the AI sector, although the investment strategy does not focus solely on AI themes [3] Hedge Fund Interest - Fabrinet was held by 44 hedge fund portfolios at the end of Q3 2025, an increase from 32 in the previous quarter, indicating growing interest among institutional investors [4]