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Electronics manufacturer Flex (FLEX) was identified as an undervalued stock by Zacks on December 17, following a 12.9% price increase over four weeks while maintaining a low Price-to-Sales ratio of 0.91.
Shares of manufacturing solutions provider Flex fell 4.2% after a U.S. government report showed the unemployment rate rose to 4.6% in November, sparking a broader tech sector sell-off.
Flex Ltd. is leveraging strong growth in its data center business to offset a downturn in the automotive sector. This strategic shift capitalizes on a broader AI-driven surge in demand for data infrastructure, positioning the company within a high-growth but potentially volatile market.