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Jabil (JBL) saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 94 the day before. The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves. Jabil is not currently near a proper buy point. Look for the stock to form and break out of a new base. The stock sports a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks. Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better. In Q4, the company reported 43% earnings growth. It has now posted accelerating EPS growth for three consecutive quarters. Top line growth increased 18%, up from 16% in the prior quarter. The company has now posted increasing growth in each of the last five quarters. Jabil earns the No. 4 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica (CLS) is the top-ranked stock within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article. YOU MAY ALSO LIKE
