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On December 17, an analysis showed electronics manufacturer Jabil (JBL) may be undervalued, with a Price-to-Earnings ratio of 20.28 that sits below its industry's average of 24.68.
Oracle shares fell 6% after a report that its $10 billion Michigan data center plan lost key financial backing, contrasting with Texas Pacific Land, which jumped 8% on a new data center deal.
Jabil Inc. reported strong Q1 2026 results on December 17, with revenue growing 18.74% year-over-year to $8.31 billion, leading to a raised full-year outlook.
Micron is expected to beat its first-quarter sales and profit forecasts on December 17, driven by a memory chip shortage that analysts project could extend until 2027.
Jabil Inc.'s board is urging shareholders to reject a proposal that would grant them the right to act by written consent. The board argues the measure could empower short-term activist interests, while proponents see it as a tool for shareholder accountability.
Technology stocks are attempting a pre-bell rebound after a sharp, AI-driven selloff. Investors are weighing the Fed's recent rate cut against concerns over AI profitability and rising costs, with a heavy week of delayed economic data poised to guide the market's next move.
Cintas is set to report earnings, and analysts are watching closely for insights into the health of small and medium-sized businesses. The company has a history of beating estimates, and a strong report could signal broader economic resilience, offering a key data point on the economy's performance outside of the technology sector.
Jabil (JBL) stock gained 1.86%, closing at $234.25 and outperforming the broader market, which faced pressure from a sell-off in AI-related technology stocks. The move highlights a potential market rotation towards companies with strong fundamental outlooks.
Investors are bracing for a volatile week as delayed U.S. economic data, including the November jobs report and consumer price index (CPI), is set to be released. This data will provide the first clear view of the economy in months and heavily influence the Federal Reserve's next policy moves.