Core Insights - Sanmina (SAMN) shares experienced an 8% decline during Tuesday's market session after a significant 23% increase on Monday, which was linked to an AI infrastructure deal between Advanced Micro Devices (AMD) and OpenAI [2] - The company is currently in the process of acquiring AMD's ZT Systems, indicating a strategic move to enhance its capabilities in the AI sector [2]

Core Viewpoint - Foxconn, a major manufacturer of servers for chip designers, achieved record revenue in the third quarter, indicating strong demand and operational performance in the semiconductor industry [1] Group 1: Company Performance - Foxconn reported record revenue for the third quarter, showcasing its robust position in the market [1]

Core Viewpoint - In a rate-easing cycle, dividend stocks yielding above 5% are becoming more attractive for income investors, but high yield does not guarantee a good investment [1] Group 1: Mapletree Industrial Trust (MIT) - MIT is a REIT focusing on data centres and industrial properties, with a DPU of S$0.0327 for 1QFY25/26, reflecting a 4.7% YoY decline [2] - The current share price is S$2.16, resulting in a yield of 6.2% [2][3] - Occupancy rate is resilient at 91.4%, with a positive rental reversion rate of 8.2% across Singapore properties [3] - MIT has an aggregate leverage ratio of 40.1% and total borrowings of S$3.7 billion, with 79.7% of its debt fixed and hedged [3] - 54.8% of its AUM is tied to data centres, with a strategic shift towards DCs and logistics projects in Asia [4] Group 2: Singapore Airlines (SIA) - SIA has resumed paying dividends post-pandemic, with a cumulative dividend of S$1.26, representing 19% of its current share price of S$6.55 [6] - The latest dividend payment of S$0.40 per share for FY2024/2025 shows a 16.7% YoY decrease [6] - The trailing yield is 6.1% at a share price of S$6.57 [7] - The passenger load factor was 88.0% in August 2025, up from 85.7% YoY, but down from previous months [8] - Net profit decreased by nearly 59% YoY due to rising non-fuel costs, while net operating cash flow remains robust at S$4.71 billion [8][9] Group 3: Venture Corporation - Venture Corporation is a global electronics manufacturing services company with a strong dividend track record, paying S$0.75 per share annually since FY2020 [10] - The current share price is S$14.25, yielding 5.6% [11] - The company reported a net operating cash flow of S$149.8 million in 1H2025, reflecting an 11.9% margin [11] - The diverse manufacturing portfolio includes high-growth areas like life sciences and medical technology [12] Group 4: Comparative Analysis - MIT is characterized as a stable REIT with strong growth drivers in data centres and logistics [13] - SIA is identified as a cyclical business reliant on travel demand [13] - Venture Corporation is noted for its consistent dividend payments linked to global electronics cycles [13]

Market Overview - US stock futures showed modest gains as the federal government shutdown continued, with Dow Jones Industrial Average futures up 0.1%, S&P 500 futures up 0.3%, and Nasdaq 100 futures leading with a 0.5% increase [1] - The S&P 500 and Nasdaq Composite recorded their fourth weekly gains in five, rising 1.1% and 1.3% respectively, while the Dow advanced 1.1% for its third positive week in the past four [2] Economic Insights - Investors are largely ignoring the ongoing government shutdown and the resulting delay in key economic data, including the jobs report [2] - Insights into the Federal Reserve's perspective are anticipated this week, with speeches from Fed Governor Stephen Miran and Chair Jerome Powell scheduled [3] Company Performance - Hon Hai Precision Industry Co. reported an 11% increase in quarterly sales, indicating strong demand for AI-related chips and servers [6] - The company, also known as Foxconn, achieved revenue of NT$2.06 trillion (approximately $67.6 billion) for the quarter ending in September, aligning with analyst expectations [7] - Hon Hai's results support the notion of a sustainable post-ChatGPT boom in AI infrastructure, attracting significant investment from major tech firms and startups [8] Market Trends - The ongoing government shutdown has contributed to a record-setting run in gold prices, approaching $4,000 [10]

Core Insights - Foxconn, the world's largest contract electronics manufacturer and Nvidia's biggest server maker, reported a year-on-year revenue increase of 11% for the third quarter [1] Company Summary - Foxconn's third-quarter revenue growth indicates strong performance in the electronics manufacturing sector, reflecting increased demand for its services [1]

Core Viewpoint - Celestica (CLS) stock has shown a strong upward trend since April, making it a potential candidate for bullish option traders [1] Group 1: Trading Strategy - A bull put spread is recommended for traders looking to capitalize on Celestica's stock performance, which is a defined risk strategy [1][2] - The setup involves selling a higher strike put option while buying a lower strike put option within the same expiration cycle, allowing traders to receive an option premium [2] Group 2: Trade Setup Details - Traders anticipating that Celestica will remain above $210 can sell a Nov. 21 210-200 bull put spread for approximately $2.40, generating around $240 in premium with a maximum risk of $760 on a 100-share contract [3] - If the spread expires worthless, it would yield a 31% return in seven weeks, provided the stock stays above $210 at expiration [4] - The breakeven point for this trade is calculated at $207.60, which is 17.26% below the recent closing price [4] Group 3: Risk Management - It is advisable to set a stop loss if the stock falls below $220 or if the spread value increases from $2.40 to $4.80, to mitigate potential losses [5] Group 4: Company Overview - Celestica is recognized as one of the largest electronics manufacturing services companies, collaborating with major players in the computer and communications sectors [6] - The company provides comprehensive services, from printed circuit and system assembly to postproduction support, catering to both low-volume custom builds and high-volume commodity products [6][7] - Celestica has received high ratings from Investor's Business Daily, including a Composite Rating of 99, an Earnings Per Share Rating of 99, and a Relative Strength Rating of 98 [7]

Core Points - Plexus Corp. will release its fiscal fourth quarter and fiscal year 2025 results after market close on October 22, 2025 [1] - A conference call to discuss the results will be held on October 23, 2025, at 8:30 a.m. Eastern Time [1][3] - An audio webcast of the call will be available on the Plexus investor relations website [1][2] Company Overview - Plexus Corp. has been in operation since 1979, focusing on partnering with companies to create innovative products [2] - The company employs over 20,000 individuals and specializes in Design and Development, Supply Chain Solutions, New Product Introduction, Manufacturing, and Sustaining Services [2] - Plexus is recognized as a global leader in serving customers in industries with complex products and stringent regulatory requirements [2]

Group 1 - The Relative Strength (RS) Rating for Leonardo DRS stock increased from 80 to 83, indicating improved market leadership [1] - The article highlights that defense stocks are experiencing a rise, particularly in the context of Trump attending a significant event related to defense [4] - Kratos has seen a surge in stock value due to wins in combat drone contracts and advancements in hypersonic technology [4] Group 2 - Manufacturing giant Jabil has reached a record high and is featured among the top stocks on various IBD best stock lists [4] - The article mentions that certain stocks are favored by analysts for their potential for significant earnings growth, with Celestica leading the industry [4]

Core Insights - LACROIX has announced a strategic repositioning plan, focusing on the Electronics and Environment sectors, with a revenue target of €475 million to €500 million by 2027 and an EBITDA margin above 8% [1][19][21] Financial Performance - In H1 2025, LACROIX reported revenue of €227.9 million, a decline of 11.9% compared to the previous year when adjusted for the Road Signs segment [4][3] - Current EBITDA for the first half of 2025 was €17.0 million, with a margin of 7.5%, down from 8.0% in H1 2024 [5][3] - Net income from continuing operations increased to €8.4 million, an 8.3% year-on-year rise, while consolidated net income was -€19.6 million [13][14] Segment Analysis - The Electronics segment saw revenue drop to €157.9 million, an 18.7% decrease year-on-year, primarily due to the discontinuation of low-margin contracts and a challenging market environment [7][8] - The Environment segment experienced strong growth, with revenue rising 9.0% to €70.1 million, supported by double-digit growth in Water, HVAC, and Smart Grids [10][11] Strategic Developments - LACROIX is exiting Electronics North America due to contract losses and economic uncertainties, with operations expected to be terminated by the end of 2025 [1][19] - The company aims to reduce its exposure to the automotive sector, targeting a balanced sector mix by 2027, with automotive revenue expected to represent 25% to 30% of total revenue [20][24] Future Outlook - For H2 2025, LACROIX anticipates a revenue of around €455 million, reflecting a 4% decline on a comparable basis [17] - The company expects to maintain an EBITDA margin of approximately 7.5% in 2025 and aims to reduce its net debt-to-EBITDA ratio below 3x [18][21]

Core Insights - Flex Ltd. has launched its Modular Rack-Level Cooling Distribution Unit (CDU) through its liquid cooling subsidiary, JetCool, marking a significant addition to its cooling solutions portfolio [1][9] - The new CDU is designed to meet the demands of modern data centers, focusing on scalability, efficiency, flexibility, and ease of integration [2][3] - Flex aims to generate approximately $6.5 billion in data center revenues, reflecting a year-over-year growth of at least 35%, which constitutes 25% of its total revenues [8][9] Product Features - The Modular Rack-Level CDU supports configurations of 2 to 6 CDUs per rack, providing cooling capacities ranging from 600 kW to 1.8 MW, and operates at 1–1.5 LPM/kW [3] - It allows for mixed configurations of CDUs, servers, and storage, optimizing rack space and maximizing compute density [3][4] - The vertically integrated approach of Flex's liquid cooling solutions ensures seamless scalability and operational ease, with standardized design elements and in-house production [4][5] Market Strategy - Flex is aggressively expanding into the high-growth data center market, offering a comprehensive range of IT hardware and infrastructure solutions [6] - The company has partnered with Renesas to develop next-generation board-mounted power management solutions, enhancing its capabilities in the data center sector [7] - Despite facing macroeconomic challenges and tariff-related costs, Flex is implementing proactive pricing measures to mitigate impacts on cash flow and margins [9][10] Competitive Landscape - Flex's peers, such as Jabil and Celestica, are also positioned to benefit from the growing demand in AI data center infrastructure, although they face their own set of challenges [12][14] - Jabil is expected to gain from robust demand across multiple sectors, while Celestica anticipates significant revenue growth driven by AI-driven investments [12][14] - Competition remains intense in the electronics manufacturing services sector, with several companies vying for market share [15]