Company Overview - Celestica Inc. is a Canadian electronics manufacturing services (EMS) leader, providing end-to-end design, manufacturing, and supply chain solutions for OEMs across various sectors including aerospace, defense, healthtech, industrial, communications, and enterprise markets [2] - The company operates through two primary segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS) [2] Financial Performance - In 2024, Celestica achieved $9.6 billion in revenue, with CCS driving 30% growth to $6.5 billion, while ATS contributed $3.1 billion with 5–6% growth [3] - The company maintains steady margins, with a gross margin of 10.72%, operating margin of 4.8%, and net income margin of 4.44% [3] - Celestica generated strong free cash flow of $303 million and has a return on equity of 22.5% [3] Industry Trends - Key industry trends such as digital transformation, cloud computing expansion, IoT proliferation, advancements in AI, 5G, and robotics, as well as reshoring and supply chain resilience align with Celestica's strengths [4] - The company's global footprint and diversified capabilities position it well to capitalize on these trends [4] Investment Case - Despite potential headwinds from cyclical demand, pricing pressures, and geopolitical uncertainties, Celestica's robust fundamentals and diversified portfolio create a compelling investment case [5] - The company is seen as a critical player in the EMS sector, offering steady growth, solid cash generation, and strategic exposure to the evolving electronics landscape [5] - The bullish thesis on Celestica emphasizes segment-level performance and exposure to high-growth markets [6]

Core Insights - Jabil Inc. has shown significant stock performance, outperforming both the broader market and sector indices over the past year [2][3] - Despite strong financial results, Jabil's stock experienced a decline following its Q4 earnings release, but rebounded in subsequent trading [4] - Analysts maintain a positive outlook on Jabil, with a consensus rating of "Strong Buy" and an upward revision of price targets [5][6] Financial Performance - Jabil's Q4 revenue increased by 18.5% year-over-year to $8.3 billion, exceeding expectations by 7.7% [4] - Adjusted EPS for Q4 grew by 43% year-over-year to $3.29, beating consensus estimates by 11% [4] - For fiscal 2026, analysts project an adjusted EPS of $10.11, reflecting a 13.7% year-over-year increase [5] Stock Performance - Jabil's stock price has increased by 40.3% year-to-date and 56.4% over the past 52 weeks, significantly outperforming the S&P 500 Index [2] - The stock also outperformed the Technology Select Sector SPDR Fund, which saw a 23.9% increase year-to-date [3] Analyst Ratings - The consensus rating among analysts is a "Strong Buy," with eight "Strong Buys" and two "Holds" [5] - Barclays analyst Tim Long raised the price target for Jabil from $223 to $267, indicating a potential upside of 32.3% based on the street-high target [6]

Core Insights - Celestica Inc. is a key player in the Electronics - Manufacturing Services industry, providing design, manufacturing, and supply chain solutions across various sectors, including communications and cloud markets [1] Financial Performance - TD Securities maintained a "Hold" rating for Celestica, raising its price target from $238 to $305, reflecting strong financial performance and positive market sentiment [2] - The company's stock price surged by 6.78%, reaching a peak increase of 17.8%, following the release of third-quarter results [3][6] - Celestica reported non-GAAP adjusted earnings per share of $1.58 on revenue of $3.19 billion, exceeding Wall Street's expectations of $1.49 per share on $3.04 billion in revenue [3][6] - Quarterly net earnings reached $267.8 million, or $2.31 per share, a significant increase from $89.5 million, or 75 cents per share, in the same quarter last year [5] Revenue Growth - The company's revenue increased by 27.6% year-over-year, driven by the Connectivity & Cloud Solutions segment, which grew by 43.2% due to strong demand in communications and increased sales of hyperscale hardware [4][6] - Celestica's management raised its full-year revenue outlook to $12.2 billion, along with stronger projections for earnings and free cash flow [4] Market Position - Celestica's market capitalization stands at approximately $37.55 billion, with a trading volume of 7.7 million shares [5]

Core Insights - Pacer Advisors, Inc. has significantly reduced its holdings in United Parcel Service (UPS), selling 3,884,101 shares for approximately $351.8 million, leaving them with 533,764 shares valued at $44.59 million [1][2][3] Company Overview - United Parcel Service, Inc. is a global leader in integrated freight and logistics, operating in over 200 countries and territories, leveraging a vast transportation network and advanced technology for reliable delivery services [5][6] - The company reported a total revenue of $90.17 billion and a net income of $5.73 billion for the trailing twelve months (TTM), with a dividend yield of 7.79% [4] Performance Metrics - As of October 14, 2025, UPS shares were priced at $84.05, reflecting a 37.5% decline over the past year and underperforming the S&P 500 by 47.9 percentage points [3][4] - Over the last three years, UPS shares have decreased nearly 48%, while the S&P 500 has gained about 86%, indicating a significant underperformance of 134% compared to the benchmark [9] Financial Challenges - Key financial metrics for UPS have shown a downward trend, with revenue falling by 10%, net income dropping by 50%, and free cash flow declining by 62% since 2022 [9]