$JBL

Stocks ended lower ahead of Wednesday’s CPI. Oil fell briefly after Pakistan said the US and Iran are close to an arrangement to reopen the Strait of Hormuz, but Iran said it would keep it shut until conditions are met. Treasuries rose on CPI anticipation. Notable movers included DDOG, ADBE, ORCL, KKR, APO, and ONON after weak sales; AMTM cut guidance; RPD raised EPS outlook.

Markets were mostly higher as investors weighed President Trump’s harder stance toward Iran, reducing expectations for a near-term deal to reopen the Strait of Hormuz. Oil, Treasury yields, and European bonds moved accordingly. US movers included ASML, KLA, Rapid7 (raised EPS forecast), Jabil (UBS upgrade), and Riot Platforms (cloud deal).

The article says electronics-manufacturing services (EMS) firms are rising on AI infrastructure spending and faster data-center networking (400G, 800G, 1.6T), plus outsourcing and automation. It highlights Celestica (CLS), Plexus (PLXS), Sanmina (SANM), and Jabil (JBL) with stock performance and guidance figures, including Celestica FY26 revenue $20.5B and EPS $11.30.

US stocks weakened late in the session, with the S&P 500 down 0.3% and Nasdaq down 0.6%. Google fell another 3.5% after leadership changes and concerns about Gemini, despite a claim of 1 billion users. The article links a $500 billion AI capex fundraising theme to gains in KKR (+6.43%) and Apollo (+6.06%), while AppLovin fell 5.63%.

Wall Street closed lower on Aug 11 as optimism for a US-Iran deal faded. Amazon fell 2.1% and Alphabet dropped 3.8%, weighing on the S&P 500 and Nasdaq. Brent held near one-week highs and the S&P 500 energy index rose 1.1%. S&P 500 fell 0.32% to 7,728.20; Nasdaq down 0.6% to 26,445.45. Inflation data and Fed expectations remained key.

UBS upgraded Jabil Inc (JBL) to Buy and raised estimates, saying a multiyear growth cycle is supported by AI investment, healthcare demand, and expanding automation and robotics. UBS set a $430 price target and lowered its valuation multiple to about 22x. It forecasts AI revenue growth to about $20.3B in FY2027, raised EPS to $16.78 (FY2027) and $20.24 (FY2028).

Midday movers included Jabil, up 5% after a UBS upgrade to Buy, and AppLovin, down 5% after Bank of America downgraded to neutral and cut its price target to $400. Aramark rose 9% after Q3 beat and raised forecast. Under Armour fell 8% on a Barclays downgrade. Upwork dropped 13% on weaker guidance. Fermi jumped 22% after a first binding lease with TensorWave for 222 MW and about $6.5B contracted revenue.

UBS upgraded Jabil (JBL) to Buy from Neutral, citing stronger AI-driven demand and a more diversified business mix. UBS kept a $430 price target and raised fiscal 2027 and 2028 EPS estimates to $16.78 and $20.24. It expects AI revenue to grow at least 50% in FY2027 to about $20.3B, supported by hyperscalers including Amazon, Meta and Google.

Jim Cramer’s Aug. 11 “top 10” watchlist highlights: rising Treasury yields (10-year above 4.7%, 30-year near 5.28%) tied to Iran-related oil concerns; Intel raising a $20B secondary stock sale at $95; Nvidia’s $500B AI financing initiative; Riot Platforms up on a $9B compute deal with Anthropic; UBS upgrading Jabil to buy; and earnings or analyst actions for Cardinal Health, Apple, Gap, and Allstate (Citi PT raised to $240).

Wall Street analysts issued multiple rating changes. Argus upgraded Boeing (BA) to Buy and set a $265 target; Truist upgraded Best Buy (BBY) to Buy with a $95 target; Argus upgraded Centene (CNC) to Buy with an $80 target. Other moves included UBS upgrading Jabil (JBL) to Buy, BofA downgrading AppLovin (APP) to Neutral, and Barclays downgrading Under Armour (UAA) to Underweight.