Short interest for Jabil gives investors a sense of the degree to which investors are betting on the decline of Jabil's stock. Short interest data is updated every two weeks.

Jabil Stock (NYSE:JBL), Short Interest Report

Jabil

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.

Apple-iPhone-15-Pro-lineup-hero-230912

Analyst Color

News

Movers

AAPL

FLEX

BofA Securities released a research note based on the list of Apple&#39;s suppliers which named companies that could potentially benefit from an Apple product cycle. BofA named electronics manufacturers Jabil and Flex as potential beneficiaries and noted Apple accounted for 17% of Jabil&#39;s revenue in 2023.

BofA Says These 4 Companies Could Benefit From The Next Apple Product Cycle

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Specialty ETFs

Tech

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ANET

BOTZ

COHR

DELL

GOOG

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MSFT

ROBO

Microsoft, Alphabet, and Meta have reported strong cloud and AI investments. JPMorgan highlights potential benefits for 4 AI-levered stocks.

Microsoft, Alphabet And Meta&#39;s Raised AI Capex Outlook Could Benefit These JPMorgan Stock Picks

Stock Market Broker Analyzing Graphs On Multiple Computer Screens. Photo by Andrey_Popov on Shutterstock

Equities

Futures

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$BTC

ALLY

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Cautious optimism hangs in the air on Thursday morning as index futures traded up moderately in early hours.

Wall Street Looks To Snap 4-Day Losing Streak As Traders Eye Fed Speeches, Netflix Earnings: Analyst Pencils S&amp;P 500&#39;s Next &#39;Major&#39; Downside Support

Jabil Inc

JetBlue Airways Corporation - Common Stock

JetBlue Airways Corp

Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) has outperformed the market over the past 10 years by 10.6% on an annualized basis producing an average annual return of 21.09%. Currently, Jabil has a market capitalization of $14.33 billion. 
Buying $1000 In JBL: If an investor had bought $1000 of JBL stock 10 years ago, it would be worth $6,761.24 today based on a price of $118.80 for JBL at the time of writing.
<h3>Jabil's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714492819_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Jabil Stock In The Last 10 Years

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) recently released a list of its top suppliers for materials, manufacturing and assembly of its products which showed that China remains a key manufacturing base and India is <a href="https://www.benzinga.com/news/24/04/38480983/giant-leap-for-apple-new-leak-of-iphone-16-lineup-confirms-recent-rumors-about-screen-sizes-and-came">ramping up production as well</a>.
Why It Matters:&nbsp;
BofA Securities released a research note based on the list of Apple's suppliers which named companies that could potentially benefit from an Apple product cycle.&nbsp;
BofA named electronics manufacturers Jabil, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) and Flex, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) as potential beneficiaries and noted Apple accounted for 17% of Jabil's revenue in 2023.&nbsp;
Amphenol Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) provides connectors and antennas for the iPhone, and BofA estimates Apple accounts for single-digit revenue at Amphenol. BofA also noted glass maker Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) remained on Apple's 2023 supplier list.&nbsp;
Related News:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38491219/apple-and-tesla-only-two-companies-able-to-thread-the-needle-in-terms-of-china-us-s">Apple And Tesla &#8216;Only Two Companies Able To Thread The Needle In Terms Of China-US&#8217;, Says Top Analyst After Tim Cook And Elon Musk&#8217;s Recent China Visits</a>
The firm maintained its Buy rating on Apple with a $225 price target highlighting higher growth in Services revenue and continuing capital returns. BofA also expects a strong iPhone upgrade cycle in 2025 driven by the need for the latest hardware in order to enable generative-AI features.&nbsp;
AAPL, JBL, FLEX, APH, GLW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Apple shares are up 3.24% at $174.75, Jabil shares are down 0.66% at $117.49, Flex shares are up 0.16% at $29.02, Amphenol shares are up 0.86% at $121.53 and Corning shares are up 0.85% at $31.60 at the time of publication Monday.
Image: Courtesy of Apple, Inc.

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have each made significant strides in cloud capital expenditure (capex) and <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence (AI) investments</a>.
According to a JPMorgan research <a href="https://markets.jpmorgan.com/research/email/scx/-nka2cu4/M4YCOaXxRlzdNFK2dZZFvQ/GPS-4685179-0">report</a>, these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NASDAQ">ANET</a>), Coherent Corp (COHR), Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Lumentum Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>). 
The firm noted that alternative AI beneficiary picks include Flex Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) and Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>).
Also Read: <a href="https://www.benzinga.com/news/earnings/24/04/38461410/meta-actually-has-major-profit-margins-unlike-tesla-redditor-reacts-to-stock-drop-following-q1-earn">&#8216;Meta Actually Has Major Profit Margins Unlike Tesla&#8217;: Redditor Reacts To Stock Drop Following Q1 Earnings</a>
Both Microsoft and Alphabet have reported substantial increases in their cloud capex, exceeding market expectations and focusing on expanding AI infrastructure. 
The aggregate capex for both companies is more than 20% above consensus estimates, indicating a strong commitment to AI investment.
JPMorgan has reiterated its preference for AI-levered names, including Arista, Coherent, Dell, Lumentum, Flex and Jabil. These companies are expected to benefit from the increased investments in AI infrastructure by the top cloud service providers (CSPs).
And Microsoft, Alphabet, and Meta are expected to lead to a strong year for data center capex. 
Industry growth forecasts for data center investments from the top CSPs are now tracking in the mid-teens range for 2024, up from previous expectations of around 10%. 
This growth is expected to outpace the increase seen in 2023, although it will still be below the levels seen in 2022.
<h3 class="wp-block-heading">Bullish On AI Beneficiaries</h3>
The focus on AI infrastructure by these tech giants is seen as a positive sign for the AI sector as a whole. It should lead to significant gains for AI-levered stocks in the coming year.
Investors in artificial intelligence-focused ETFs such as the Global X Robotics &amp; Artificial Intelligence ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NYSE">BOTZ</a>), the Global X Artificial Intelligence &amp; Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NYSE">AIQ</a>) and the ROBO Global Robotics &amp; Automation Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROBO#NYSE">ROBO</a>) should also see greener days ahead.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38459367/google-copy-pasted-what-meta-did-last-quarter-redditor-on-q1-earnings">Google &#8216;Copy Pasted What META Did Last Quarter,&#8217; Redditor On Q1 Earnings</a>

Microsoft, Alphabet And Meta's Raised AI Capex Outlook Could Benefit These JPMorgan Stock Picks

Jabil's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) short percent of float has fallen 6.85% since its last report. The company recently reported that it has 4.86 million shares sold short, which is 5.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Jabil Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713969026_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Jabil has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Jabil's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Jabil's peer group average for short interest as a percentage of float is 2.36%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Jabil's Recent Short Interest

WIIM

Jabil shares are trading lower after the company announced its CEO was placed on paid leave pending completion of an investigation related to corporate policies.

Cautious optimism hangs in the air on Thursday morning as index futures traded up moderately in early hours. The&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38301893/market-reaction-to-bank-earnings-is-mixed-jpmorgan-analysts-project-further-decline" rel="noreferrer noopener">earnings season also heats up</a>&nbsp;with more financial companies and streaming giant&nbsp;Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) scheduled to release quarterly results. Economic data on the housing market and the manufacturing sector, along with comments from Federal Reserve officials, may also impact the market.
Cleveland Fed President&nbsp;Loretta Mester, in a speech after the market closed on Wednesday, said the central bank needn&#8217;t rush to cut rates, but at some point when inflation eases closer to the 2% target, it could loosen its monetary policy stance. Meanwhile, Fed Governor&nbsp;Michelle Bowman&nbsp;commented that progress on curbing inflation has slowed and may have even stalled.
 Futures Performance On Thursday ( as of 6:00 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.34%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.24%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.22%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.01%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Thursday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) added 0.29% to $502.0,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.33% to $427.24, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
The lean patch on Wall Street continued on Wednesday despite the bond yields coming off recent highs. The culprit this time around was the premonition of potential earnings slowdown, especially from red-hot AI-levered companies, after Dutch semiconductor-equipment maker ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) was disappointed with a first-quarter revenue miss.
Mortgage Bankers&#8217; Association&#8217;s weekly mortgage applications volume data showed that 30-year fixed mortgage rates rising to their highest level since December 2023, also stirred inflation worries and weighed down on sentiment.
The major indices opened higher but reversed course immediately after, declining through the morning and hitting the day&#8217;s low by the mid-session. Although the averages recouped some of the losses, they languished in the red for much of the remainder of the session.
The S&amp;P 500 Index and the Nasdaq Composite extended the losing streak to four and settled at fresh two-month lows.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance In (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.15%</td>
<td>15,683.37</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.58%</td>
<td>5,022.21</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.12%</td>
<td>37,753.31</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.99%</td>
<td>1,947.95</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The recent market shakeout should not sound alarm bells, according to LPL Chief Technical Strategist Adam Turnquist. But he conceded that there has been some technical damage. &#8220;The S&amp;P 500 is experiencing its first real bout of volatility this year. The April showers — bringing a 3.9% decline thus far,&#8221; he said. The analyst sees the psychological level of 5,000 as the next major downside support for the S&amp;P 500 Index.
The shorter-term breadth, according to the analyst, appeared oversold but the longer-term breadth metrics have held up well. Nearly 70% of the S&amp;P 500 constituents remained above their 200-day moving average, he noted. 
Turnquist also derived encouragement from the fact that cyclical/offensive sectors are leading the way, with financials, energy, industrials, technology, and materials reporting the highest breadth readings.&nbsp;&#8220;The lack of major damage to longer-term breadth across the offensive sectors suggests bullish leadership is still on stable ground despite the recent shakeout,&#8221; he said.
Carson Group&#8217;s Ryan Detrick pointed to another encouraging historical trend. Sharing a chart on X, formerly Twitter, the analyst said, &#8220;Election years tend to chop around until Memorial Day, then a summer rally is quite normal.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No, you should never blindly invest in seasonality, but still worth watching. Note that election years tend to chop around until Memorial Day, then a summer rally is quite normal. <a href="https://t.co/S93LAj3t6B">pic.twitter.com/S93LAj3t6B</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1780708343457411544?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Morgan Stanley&#8217;s Lisa Shalett recommended investors should consider rebalancing their portfolios, taking profits in richly valued equities, and adding yield and value. This is based on the assumption that the Fed is left with two options amid inflation that is not slowing anymore, she said.
&#8220;The central bank could either keep rates high, causing potential pain for certain sectors, or preemptively cut rates, risking policy predictability,&#8221; she said.
Upcoming Economic Data:
The Labor Department is scheduled to release its weekly jobless claims data at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have come in at 215,000 in the week ended April 13, up from 211,000 in the previous week.
The results of the Philadelphia Fed&#8217;s manufacturing survey, due at 8:30 a.m. EDT, may show that the diffusion index of manufacturing activity slipped from 3.2 in March to 2.5 in April. A reading above &#8220;0&#8221; indicates expanding activity.
The National Association of Realtors is scheduled to release its existing home sales for March at 10 a.m. EDT. Economists, on average, expect the reading to come in at 4.17 million units, down from February&#8217;s 4.38 million units.
The Conference Board will release its leading economic index for March at 10 a.m. EDT. The index is expected to slip 0.1% month-over-month, reversing the 0.1% increase in February, when it rose for the first time in two years.
The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT and 5-year TIPS at 1 p.m. EDT.
Among the Fed speeches due for the day are:
<ul>
<li>Bowman: 9:05 a.m. EDT</li>
<li>New York Fed President John Williams: 9:15 a.m. EDT</li>
<li>Atlanta Fed President Raphael Bostic: 11:00 a.m. EDT, 5:45 p.m. EDT</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Jabil, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) rose over 5% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the company&#8217;s board declared a dividend.</li>
<li>Micron Technology, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) added about 2% after a Bloomberg report said the Biden administration could announce $6 billion in grants to the company under the CHIPS Act.</li>
<li>Alaska Air Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), Blackstone Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), Comerica, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>), Ally Financial Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), D.R. Horton, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), KeyCorp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) and Marsh &amp; McLennan Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) are among those <a href="https://www.benzinga.com/calendars/earnings">reporting earnings ahead of the market open.</a> </li>
<li>Notable names reporting after the close are Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) and Netflix.</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures have pulled back toward the $81-a-barrel mark, dragged by four straight sessions of losses. Gold futures, meanwhile, rebounded from Wednesday&#8217;s decline, but traded shy of the $2,400 mark. The yield on the U.S. 10-year note was little changed under the 4.60% mark.
 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell about 2.75% over the past 24 hours and traded near the $61,600 level.
While Asian stocks recovered from their recent weakness, the European markets were mostly higher in early trading. The Euro STOXX 50 Index was up 0.40% at the last check.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38303079/most-s-p-500-stocks-no-longer-trade-above-50-day-average-healthy-pullback-or-is-the">Most S&amp;P 500 Stocks No Longer Trade Above 50-Day Average: Healthy Pullback Or Is The Bull Market Over?</a>
Photo by Andrey_Popov on Shutterstock

Wall Street Looks To Snap 4-Day Losing Streak As Traders Eye Fed Speeches, Netflix Earnings: Analyst Pencils S&P 500's Next 'Major' Downside Support

Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) has outperformed the market over the past 15 years by 9.18% on an annualized basis producing an average annual return of 22.03%. Currently, Jabil has a market capitalization of $16.17 billion. 
Buying $1000 In JBL: If an investor had bought $1000 of JBL stock 15 years ago, it would be worth $18,416.21 today based on a price of $134.07 for JBL at the time of writing.
<h3>Jabil's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712953833_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Jabil Stock In The Last 15 Years

It was reported on April 10, that Yee May Yap, SVP at Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) executed a significant insider sell, according to an SEC filing.
What Happened: Yap's decision to sell 7,877 shares of Jabil was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000898293/000122520824005031//Archives/edgar/data/898293/000122520824005031/0001225208-24-005031-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $1,100,023.
At Thursday morning, Jabil shares are up by 0.13%, trading at $136.54.
<h3>All You Need to Know About Jabil</h3>
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
<h3>Understanding the Numbers: Jabil's Finances</h3>
Revenue Growth: Jabil's revenue growth over a period of 3 months has faced challenges. As of 29 February, 2024, the company experienced a revenue decline of approximately -16.81%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 9.31%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Jabil's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 7.41.
</li>
</ul>
Debt Management: Jabil's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.22, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 11.82 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.56, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 5.83, Jabil presents an attractive value opportunity.
</li>
</ul>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000898293">Check Out The Full List Of Jabil's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

SVP Of Jabil Makes $1.10M Sale

Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) has outperformed the market over the past 5 years by 23.33% on an annualized basis producing an average annual return of 35.9%. Currently, Jabil has a market capitalization of $17.24 billion. 
Buying $1000 In JBL: If an investor had bought $1000 of JBL stock 5 years ago, it would be worth $4,676.24 today based on a price of $135.19 for JBL at the time of writing.
<h3>Jabil's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711989014_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Jabil 5 Years Ago Would Be Worth This Much Today

The Nasdaq 100 closed higher by over 200 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>D.R. Horton </h3>
<ul>
<li>The Trade: D.R. Horton, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhi#NYSE">DHI</a>) Executive Vice Chair David V Auld <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 25,000 shares </a> at an average price of $156.33. The insider received around $3.91 million from selling those shares.</li>
<li>What&rsquo;s Happening: D.R. Horton said it will release financial results for its second quarter on April 18, 2024.</li>
<li>What D.R. Horton Does: D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Jabil</h3>
<ul>
<li>The Trade: Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) Executive Chairman Mark T Mondello <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 50,000 shares </a> at an average price of $126.09. The insider received around $6.3 million from selling those shares.</li>
<li>What&rsquo;s Happening: On March 15, Jabil reported second-quarter fiscal 2024 revenue of $6.77 billion, down by 16.8% year-on-year, missing the consensus estimate of $6.89 billion.</li>
<li>What Jabil Does: Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions.</li>
</ul>
<h3>Alphabet </h3>
<ul>
<li>The Trade: Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) CEO Sundar Pichai <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 22,500 shares </a> at an average price of $148.78. The insider received around $3.35 million from selling those shares.</li>
<li>What&rsquo;s Happening: Alphabet&rsquo;s Google Pixel 8a is set to feature a 120Hz refresh rate, a first for the a-series Pixel, according to the latest leak report.</li>
<li>What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet&#39;s revenue, of which more than 85% is from online ads.</li>
</ul>
<h3>Tutor Perini </h3>
<ul>
<li>The Trade: Tutor Perini Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpc#NYSE">TPC</a>) President Gary G. Smalley <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 71,857 shares </a> at an average price of $13.02. The insider received around $935,249 from selling those shares.</li>
<li>What&rsquo;s Happening: On March 12, UBS analyst Steven Fisher maintained Tutor Perini with a Neutral and raised the price target from $11 to $14.</li>
<li>What Tutor Perini Does: Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37863674/micron-accenture-and-3-stocks-to-watch-heading-into-thursday"> Micron, Accenture And 3 Stocks To Watch Heading Into Thursday </a>

Small Cap

Alphabet, Jabil And 2 Other Stocks Insiders Are Selling

Industry First "Silicon to Solutions" Manufacturing Approach Paves Way for Scalability of Current and Next Generation&nbsp;Photonic Integrated Circuits (PICs)

OpenLight Partners with Jabil To Address Demand For Optical Components In AI, ML, And Datacenter Applications

Argus Research analyst Jim Kelleher downgrades Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) from Buy to Hold.

Downgrades

Analyst Ratings

Argus Research Downgrades Jabil to Hold

Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) has outperformed the market over the past 5 years by 22.97% on an annualized basis producing an average annual return of 35.95%. Currently, Jabil has a market capitalization of $15.92 billion. 
Buying $100 In JBL: If an investor had bought $100 of JBL stock 5 years ago, it would be worth $452.63 today based on a price of $124.79 for JBL at the time of writing.
<h3>Jabil's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710790240_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $500 Today

Barclays analyst George Wang maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Overweight and lowers the price target from $151 to $149.

Price Target

Barclays Maintains Overweight on Jabil, Lowers Price Target to $149

Shares of Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) fell sharply during Friday&rsquo;s session after the company reported financial second-quarter results and issued FY25 guidance below estimates.
Jabil posted adjusted earnings of $1.68 per share, beating estimates of $1.66 per share. The company&rsquo;s quarterly sales came in at $6.77 billion, missing expectations of $6.89 billion.
Jabil shares dipped 14.2% to $126.56 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) shares jumped 189% to $0.4047. VERB&#39;s MARKET.live launched Facebook and Instagram social shopping technology integration.</li>
<li>Better Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bttx#NASDAQ">BTTX</a>) surged 108% to $0.0728. Better Therapeutics recently said it will seek strategic alternatives and will be delisted from the Nasdaq.</li>
<li>Jet.AI Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jtai#NASDAQ">JTAI</a>) shares climbed 76.7% to $1.1950.</li>
<li>Cardlytics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdlx#NASDAQ">CDLX</a>) rose 57.1% to $12.86 after the company reported better-than-expected fourth-quarter earnings.</li>
<li>American Vanguard Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avd#NYSE">AVD</a>) climbed 25.8% to $13.32 following fourth-quarter financial results.</li>
<li>Blend Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnd#NASDAQ">BLND</a>) climbed 24.3% to $2.92 after the company reported fourth-quarter financial results.</li>
<li>HCM Acquisition Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcma#NASDAQ">HCMA</a>) gained 22.8% to $12.00.</li>
<li>Solidion Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sti#NASDAQ">STI</a>) rose 22.2% to $1.5897. The company announced the pricing of a $3.85 million private placement.</li>
<li>Tredegar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tg#NYSE">TG</a>) surged 18% to $4.73 following fourth-quarter financial results.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) rose 17.3% to $2.20. BranchOut Food will debut new products at Natural Products Expo West.</li>
<li>Madrigal Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdgl#NASDAQ">MDGL</a>) rose 16.3% to $283.29 after the company announced FDA approval of Rezdiffra for the treatment of patients with noncirrhotic NASH with moderate to advanced liver fibrosis.</li>
<li>Secoo Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seco#NASDAQ">SECO</a>) gained 16% to $0.5017.</li>
<li>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>) jumped 15.1% to $31.81. Roth MKM recently maintained a Buy rating on the stock and raised its price target from $12.50 to $27.50.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) jumped 14.3% to $15.56 after the company reported financial fourth-quarter results above estimates and issued first-quarter revenue guidance.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) gained 13% to $2.11.</li>
<li>CommScope Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/comm#NASDAQ">COMM</a>) rose 13% to $1.6502.</li>
<li>CS Disco, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/law#NYSE">LAW</a>) surged 11.9% to $7.71. CS Disco&rsquo;s board approved a $20 million share repurchase authorization.</li>
<li>Alta Equipment Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/altg#NYSE">ALTG</a>) rose 10.7% to $11.64 following better-than-expected fourth-quarter 2023 results.</li>
<li>Despegar.com, Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/desp#NYSE">DESP</a>) gained 9.6% to $10.85 after the company reported mixed fourth-quarter 2023 results, with sales beating estimates.</li>
<li>Aquestive Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aqst#NASDAQ">AQST</a>) shares gained 7.2% to $5.63. Aquestive Therapeutics said Anaphylm met all predefined primary and secondary pharmacokinetic endpoints.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) shares rose 6.7% to $0.1654. Fisker shares dipped around 52% on Thursday following a Wall Street Journal report suggesting the company is preparing for a possible bankruptcy filing.</li>
<li>The Buckle, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bke#NYSE">BKE</a>) gained 5.4% to $39.71 following fourth-quarter 2023 results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>C3is Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ciss#NASDAQ">CISS</a>) shares fell 62.5% to $0.0296 after the company announced pricing of a $6 million underwritten public offering.</li>
<li>SELLAS Life Sciences Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sls#NASDAQ">SLS</a>) fell 34.8% to $1.01. SELLAS Life Sciences Group announced a $20 million registered direct offering and concurrent private placement of 13,029316 shares each for combined purchase price of $1.535/share.</li>
<li>Immuneering Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imrx#NASDAQ">IMRX</a>) dipped 27% to $2.1150 after multiple analysts downgraded the stock following Thursday data from the company&#39;s Phase 1 portion of its Phase 1/2a clinical trial of IMM-1-104 in advanced RAS-mutant solid tumors.</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsdi#NASDAQ">LSDI</a>) fell 25.6% to $1.25.</li>
<li>Xcel Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xelb#NASDAQ">XELB</a>) dipped 22.1% to $0.7630 after the company announced pricing of a $2.42 million public offering of common stock and concurrent private placement.</li>
<li>Altus Power, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amps#NYSE">AMPS</a>) declined 19.7% to $4.7650 after the company reported worse-than-expected quarterly financial results and issued FY24 revenue guidance below estimates.</li>
<li>Presto Automation Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prst#NASDAQ">PRST</a>) fell 19.1% to $0.2438 after surging 34% on Thursday. The company announced the pricing of a $1.2 million registered direct offering of 4.8 million shares of common stock at $0.25 per share.</li>
<li>Babcock &amp; Wilcox Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bw#NYSE">BW</a>) dipped 19.1% to $1.0350 after the company reported worse-than-expected quarterly financial results.</li>
<li>Biofrontera Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfri#NASDAQ">BFRI</a>) declined 18.3% to $1.43.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) fell 17.8% to $14.91 after the company reported fourth-quarter financial results.</li>
<li>EverCommerce Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evcm#NASDAQ">EVCM</a>) fell 17.3% to $7.74 following weak quarterly results.</li>
<li>Psyence Biomedical Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbm#NASDAQ">PBM</a>) fell 14.3% to $1.3627. Psyence Biomedical shares jumped 53% on Thursday after the Indiana legislature sent a bill that includes funding for psilocybin clinical research trials to the governor.</li>
<li>Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) dipped 13.3% to $494.25. Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the current quarter.</li>
<li>Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) shares fell 11.8% to $3.0250 following fourth-quarter financial results.</li>
<li>Montauk Renewables, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mntk#NASDAQ">MNTK</a>) tumbled 10.8% to $4.54 following weak quarterly results.</li>
<li>Kopin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kopn#NASDAQ">KOPN</a>) fell 10.3% to $1.9650 after reporting weaker-than-expected fourth-quarter results.</li>
<li>AdTheorent Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adth#NASDAQ">ADTH</a>) dipped 10% to $3.35.</li>
<li>PagerDuty, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pd#NYSE">PD</a>) shares fell 9.7% to $20.70 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) declined 9.7% to $5.19 following downbeat fourth-quarter financial results.</li>
<li>Zillow Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/z#NASDAQ">Z</a>) dipped 8.3% to $50.55.</li>
<li>Ulta Beauty, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulta#NASDAQ">ULTA</a>) shares tumbled 6.5% to $528.96 after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates. The company&#39;s board of directors approved a new share repurchase authorization of $2.0 billion.</li>
<li>Sanmina Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sanm#NASDAQ">SANM</a>) dipped 5.8% to $59.45.</li>
<li>Smartsheet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smar#NASDAQ">SMAR</a>) fell 4.3% to $38.57 after the company reported fourth-quarter financial results and issued FY25 revenue guidance below estimates.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) shares fell 3% to $1,627.26. MicroStrategy shares fell 5% on Thursday after the company announced a proposed private offering of $500 million of convertible senior notes due 2031.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37745952/ethereum-falls-below-3-700-bitcoin-sv-injective-among-top-losers"> Ethereum Falls Below $3,700; Bitcoin SV, Injective Among Top Losers </a>

Penny Stocks

Intraday Update

ADBE

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AMPS

AQST

BFRI

BLND

BLNK

BTTX

CDLX

CISS

COMM

DESP

DRCT

EVCM

GRPN

HCMA

IMRX

JTAI

KOPN

LSDI

MDGL

MNTK

MSTR

PRST

SANM

SECO

SHCO

SMAR

ULTA

VERB

XELB

Why Jabil Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Wall Street continues to maintain a risk-off sentiment in Friday&#8217;s session, echoing the pessimism triggered by Thursday&#8217;s unexpectedly <a href="https://www.benzinga.com/economics/macro-economic-events/24/03/37698619/producer-inflation-tops-forecasts-in-february-signals-anxiety-over-price-pressure">high producer inflation figures.</a>
Major stock indices flashed red, with the tech-heavy Nasdaq 100 once again trailing, while only small caps and energy stocks managed to buck the trend and avoid losses.
The CBOE Volatility Index, or VIX, was up 5%, mimicking Thursday&#8217;s gains. 
Although Treasury yields held steady around Thursday&#8217;s closing marks, the weekly surge of 20-30 basis points across all Treasury maturities marks the worst week for bonds since mid-October 2023, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down nearly 3%. 
Cryptocurrencies remained tethered to risky assets, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunging by 5% and falling to $68,000 on Friday.
In the midst of market turbulence fueled by resurging inflationary fears, commodities shone brightly. The Invesco DB Commodity Index Tracking Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBC#NYSE">DBC</a>) is poised to log its most robust performance since early January 2024.
While gold held steady at $2,160 per ounce, silver staged a 1.6% gain, reflecting, in part, the broader surge in industrial metals, with copper nearing a one-year-high. Oil remained stable at $80 per barrel, but it has climbed over 4% for the week, trading at its loftiest levels since early November 2023.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Equity Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-Day % Chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,040.02</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,722.86</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,116.29</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,810.37</td>
<td>-1.1%</td>
</tr>
<tr>
<td>CBOE VIX</td>
<td>15.19</td>
<td>5.5%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 1.1% lower to $509.37, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.9% lower to $386.69 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.2% to $433, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and the Materials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), was the only positive performers for the day, up by 0.1% and 0.2%, respectively. The Technology Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the laggard, down 1.7%. 
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) rose 5.4% Friday, and is up by 18.8% for the week, marking the best weekly performance since November 2016. </li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) slumped by 16.4% after missing revenue estimates last quarter. </li>
<li>Zillow Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/Z#NYSE">Z</a>) shares tumbled by 7.9%, while Compass Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) saw a decline of 5.3%, and Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) dropped by 4%, after the National Association of Realtors agreed to pay $418 million to settle claims on behalf of home sellers regarding broker commissions.</li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) fell over 14% despite reporting better-than-expected results last quarter. The negative reaction came from a weaker revenue guidance for Q2. </li>
<li>Geron Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) surged by 85% following the announcement that the U.S. Food and Drug Administration&#8217;s Oncologic Drugs Advisory Committee voted in favor of the benefit-to-risk profile of imetelstat.</li>
<li>CoStar Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) rose over 7% after the company announced that Homes.com gained over 149 million unique visitors in February, marking a 567% rise from a year earlier. </li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37747006/powell-at-crossroads-as-inflation-bites-again-fed-needs-to-get-going-on-the-rate-cu">Powell At Crossroads As Inflation Bites Again: Fed Needs To &#8216;Get Going On The Rate Cuts They Have To Make&#8217; Former Governor Says</a>
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<h3>Gainers</h3>
<ul>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares moved upwards by 385.1% to $0.69 during Friday's regular session. The market value of their outstanding shares is at $14.6 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) stock moved upwards by 31.86% to $3.6. The company's market cap stands at $133.6 million. As per the news, the Q4 earnings report came out 3 days ago. </li>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) stock increased by 26.74% to $2.18. The company's market cap stands at $56.2 million. </li>
<li>Movella Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVLA#NASDAQ">MVLA</a>) shares increased by 19.5% to $0.29. The market value of their outstanding shares is at $14.6 million. </li>
<li>Telos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) shares rose 18.57% to $3.73. The company's market cap stands at $260.0 million. As per the news, the Q4 earnings report came out today. </li>
<li>Blend Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares moved upwards by 17.65% to $2.77. The market value of their outstanding shares is at $686.2 million. The company's, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) stock decreased by 16.5% to $123.08 during Friday's regular session. The market value of their outstanding shares is at $15.6 billion. The company's, Q2 earnings came out today. </li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares fell 14.04% to $490.37. The market value of their outstanding shares is at $221.9 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock decreased by 13.18% to $2.24. The market value of their outstanding shares is at $1.8 million. </li>
<li>EverCommerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVCM#NASDAQ">EVCM</a>) stock fell 12.64% to $8.17. The company's market cap stands at $1.5 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Frequency Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) shares decreased by 12.1% to $9.59. The company's market cap stands at $90.2 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock fell 12.04% to $0.27. The company's market cap stands at $23.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's Intraday Session

Jabil Inc&nbsp;(NYSE:&nbsp;JBL) reported second-quarter fiscal 2024 revenue of $6.77 billion, down by 16.8% year-on-year, missing the consensus estimate&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37740569/jabil-posts-second-quarter-results" rel="noreferrer noopener">of $6.89 billion</a>.&nbsp;
The print manufacturing company&#8217;s adjusted EPS of $1.68 beat the consensus of $1.66. The stock price slid after the results.
Segments:&nbsp;Diversified Manufacturing Services (DMS) revenue declined by 16% Y/Y, and Electronics Manufacturing Services (EMS) revenue fell by&nbsp;<a target="_blank" href="https://investors.jabil.com/financials/quarterly-results/default.aspx" rel="noreferrer noopener">18% Y/Y</a>.
The company held $2.6 billion in cash and equivalents as of February 29, 2024.
&#8220;Fiscal year 24 was always going to be a transitional year for Jabil, one in which we successfully completed the largest transaction in the Company&#8217;s history with the mobility sale, and the subsequent efforts by our teams to optimize our footprint and cost structure for the go-forward Company,&#8221; said CEO Kenny Wilson.
Q3 FY24 Outlook: Jabil expects revenue of $6.2 billion &#8211; $6.8 billion (consensus: $7.37 billion) and adjusted EPS to $1.65 &#8211; $2.05 (consensus: $2.12).
FY24 guidance: The company also revised revenue guidance to $28.5 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36425316/tech-giant-jabil-adjusts-q2-fy24-guidance-post-mobility-division-divestiture-details" rel="noreferrer noopener">down from the prior</a>&nbsp;$30.6 billion (vs. consensus: $30.5 billion), and expects core EPS of $8.40, down from the previous $9.00+ (vs. estimate of $8.99).
Investors can gain exposure to the stock via&nbsp;Elevation Series Trust SRH U.S. Quality ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRHQ#NYSE">SRHQ</a>) and&nbsp;Alpha Architect U.S. Quantitative Value ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QVAL#NASDAQ">QVAL</a>).
Price Action:&nbsp;JBL shares are trading lower by 16.20% at $123.44 on the last check Friday.

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Jabil Lowers FY24 Outlook After Q2 Revenue Dip, Stock Tumbles

<h3>Gainers</h3>
<ul>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares increased by 181.5% to $0.4 during Friday's pre-market session. The company's market cap stands at $8.4 million. </li>
<li>Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) stock moved upwards by 10.22% to $0.55. The company's market cap stands at $30.6 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) shares moved upwards by 9.82% to $3.8. The market value of their outstanding shares is at $10.1 million. </li>
<li>MultiSensor AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) shares moved upwards by 9.0% to $2.3. The company's market cap stands at $27.5 million. </li>
<li>Blend Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares moved upwards by 8.93% to $2.56. The company's market cap stands at $635.3 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares moved upwards by 7.69% to $1.26. The company's market cap stands at $7.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>EverCommerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVCM#NASDAQ">EVCM</a>) stock decreased by 16.6% to $7.8 during Friday's pre-market session. The company's market cap stands at $1.4 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Kopin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) stock declined by 14.62% to $1.87. The company's market cap stands at $206.6 million. The company's, Q4 earnings came out yesterday. </li>
<li>PagerDuty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) stock declined by 12.39% to $20.09. The market value of their outstanding shares is at $1.8 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares fell 11.75% to $503.47. The company's market cap stands at $227.8 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) shares fell 9.48% to $36.48. The company's market cap stands at $4.9 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) stock decreased by 9.15% to $133.98. The company's market cap stands at $17.0 billion. The company's, Q2 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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