This Stock Is a Screaming Buy Right Now
Jabil's (NYSE: JBL) terrific stock market rally came to a halt at the end of September. Apparently, the company's fiscal 2021 fourth-quarter results didn't pass muster. Though Jabil delivered a sharp rise in earnings and crushed Wall Street's bottom-line estimate, its revenue growth wasn't as strong as expected. This was enough for investors to hit the sell button and book profits on Jabil stock, which has delivered impressive upside in the past year.
This post-earnings pullback may offer an opportunity for investors looking to buy a solid company on the cheap. After all, Jabil has bright long-term prospects, and its outlook for the new fiscal year indicates that it is about to step on the gas. Let's look at the reasons why it makes sense to buy this contract electronics manufacturer right away.
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Source Fool.com
