Core Viewpoint - Flex is set to announce its third quarter fiscal year 2026 financial results on February 4, 2026, before market opening, followed by a conference call to discuss the results [1]. Group 1: Financial Results Announcement - The financial results will be announced before the market opens on February 4, 2026 [1]. - A conference call to discuss the results will take place at 7:30 AM CT / 8:30 AM ET on the same day [1]. Group 2: Webcast Information - A live webcast of the presentation will be available on the Flex investor relations website [2]. - A replay of the webcast and supporting materials will be accessible on the investor relations website after the event [2]. Group 3: Company Overview - Flex is a manufacturing partner that assists leading brands in designing, building, and managing products aimed at improving the world [3]. - The company operates in 30 countries, providing advanced manufacturing and supply chain solutions, innovative products, and lifecycle services [3]. - In the AI era, Flex is focused on accelerating data center deployment by addressing power, heat, and scale challenges with advanced technology [3].

Core Insights - 21shares, in collaboration with A&G Banco, has launched the 21shares Flexible Crypto Index ETP (FLEX), aimed at providing diversified exposure to leading digital assets through a single ETP [1][5] - FLEX utilizes a dynamic indexing approach and an actively managed allocation model to adapt to market conditions while minimizing concentration risk [3][4] Product Details - FLEX tracks the 21Shares Flexible Crypto Index, which is developed with MarketVector Indexes and selects cryptoassets based on size, liquidity, and regulatory criteria [4] - The portfolio allocation is managed using A&G Banco's proprietary model, which combines minimum-variance strategies with positive momentum signals [4] - A key feature of FLEX is its risk management framework, allowing up to 30% of the portfolio to be allocated to cash via USDC, enhancing defensive positioning during market volatility [5] Market Positioning - The launch of FLEX is positioned to meet the growing demand for diversified and systematic crypto exposure that aligns with institutional risk standards [6] - FLEX is designed to fit within regulated advisory frameworks in private banking and wealth management across Europe, marking a significant step in the professionalization of crypto investing [5][7] Company Background - 21shares AG is recognized as a leading provider of cryptocurrency ETPs, with a mission to bridge traditional finance and decentralized finance [10] - The company has a track record of innovation, having launched the world's first physically-backed crypto ETP in 2018 [10] - A&G Banco, founded in 1987, is a prominent independent financial services group with a strong focus on wealth advisory and asset management, managing over 17 billion euros as of December 2025 [11]

Core Insights - NVIDIA has reached a market capitalization peak of over $4.76 trillion, showcasing its dominance in the AI sector, but its current valuation is stabilizing between $4.5 trillion and $4.6 trillion [3] - The Theory of Large Numbers presents a challenge for NVIDIA to double its stock price, as it would require adding another $4.76 trillion in value, equivalent to creating another major tech company [4] - Investors are now focusing on mid-cap and small-cap suppliers that support NVIDIA's upcoming Rubin architecture, as these companies can see significant stock price movements from new orders [4] Company-Specific Developments - Flex Ltd. has evolved from a generic contract manufacturer to a key player in AI power infrastructure, with its Data Center division reporting a 35% year-over-year revenue growth driven by demand for advanced power systems [5] - The upcoming Rubin architecture from NVIDIA necessitates specialized power management solutions, leading to increased demand for firms that provide critical power management and optical connectivity solutions [6] - Advanced manufacturing and thermal management technologies are becoming essential for the semiconductor industry to meet the rising global demand for computing [6]

Core Insights - Flex Ltd. is experiencing strong performance in its cloud and power portfolios, benefiting from increased data center exposure, global manufacturing scale, and robust cash flow [1][10] Financial Performance - The stock has increased by 54.7% over the past year, outperforming the Zacks Electronics - Miscellaneous Products industry, the Zacks Computer and Technology sector, and the S&P 500, which grew by 31.5%, 30.7%, and 23.4% respectively [2] - Flex has raised its fiscal 2026 revenue guidance to $26.7–$27.3 billion, an increase of $500 million from the previous midpoint, with an expected adjusted operating margin of 6.2% to 6.3% [12] - The company projects adjusted EPS of $3.09 to $3.17, raising the midpoint by 17 cents per share [12] - Flex anticipates generating approximately $6.5 billion in revenue from data centers, reflecting a year-over-year growth of at least 35% and accounting for 25% of total revenues [6][10] Business Strategy - Flex is transitioning into an end-to-end solutions provider, offering design, procurement, manufacturing, and supply services across various products, including electronics and athletic shoes [4] - The company is aggressively entering the high-growth data center market, with partnerships with LG Electronics and NVIDIA to develop integrated modular cooling systems and high-performance AI data centers [5][10] - Flex's global scale supports regionalization strategies, enhancing agility and reducing risks while meeting evolving trade requirements [7] Market Position - The company has embedded AI-enabled systems and advanced automation across its facilities, which are crucial for the data center segment and other key markets like automotive, healthcare, and industrials, contributing around 75% of total revenues [7] - Flex's regional revenue mix demonstrates its adaptability to shifting customer demands, maintaining a bullish outlook on its advanced manufacturing capabilities [8][11] Challenges - Flex faces challenges such as a highly leveraged balance sheet, macroeconomic uncertainty, and shifting trade policies that may impact performance [14] - Weak demand trends in the automotive business and potential tariff pressures on raw material sourcing could affect margins and cash flows [14] - The company operates in a competitive EMS landscape, where increasing competition may limit contract wins and revenue growth [14] Investment Considerations - The stock trades at a forward 12-month P/E ratio of 20.08, below the industry's average of 27.1, indicating potential undervaluation [15] - With a Zacks Rank 3 (Hold), the company shows strength in its cloud and power portfolios, but existing investors may consider holding while new investors might wait for a more attractive entry point [16]

Core Insights - Sensormatic Solutions has introduced a new customizable electronic article surveillance (EAS) system called the FLEX platform, aimed at enhancing retail environments and customer experiences [1][2] - The FLEX platform integrates visual merchandising, digital content management, and loss prevention technology, allowing retailers to create engaging storefronts while deterring theft [1][2] - The system will be showcased at the 2026 NRF Big Show in New York City from January 11-13, where attendees can explore its features [3] Company Overview - Johnson Controls, the parent company of Sensormatic Solutions, focuses on transforming environments for various sectors, emphasizing smart and sustainable building solutions [4][5] - With a history of 140 years, Johnson Controls offers a comprehensive digital offering called OpenBlue, which includes a wide range of building technology and software solutions [5] Product Features - The FLEX platform is designed to increase foot traffic and sales by enhancing retail operations and customer engagement while minimizing shrinkage [7] - Its modular design allows for customization, enabling retailers to maintain brand experiences and adapt to changing trends [7] - The platform supports retail media network (RMN) performance by utilizing high-quality displays to capture shopper attention and create new revenue streams [7] Brand Positioning - Sensormatic Solutions has been a leader in retail technology for over 60 years, focusing on loss prevention, inventory intelligence, and traffic insights to help retailers innovate [8]

Core Insights - Qualcomm and Hyundai Mobis have signed a comprehensive agreement to co-develop next-generation solutions for Software-Defined Vehicles (SDVs) and Advanced Driver Assistance Systems (ADAS) [1] - The partnership aims to leverage Qualcomm's Snapdragon Ride Flex SoC to create integrated automotive solutions that cater to emerging markets and enhance Qualcomm's position in the global automotive supply chain [1][8] Qualcomm's Technological Advancements - The Snapdragon Ride Flex SoC is designed to support ADAS and autonomous driving, featuring high-performance AI processing, real-time sensor fusion, and advanced safety features [2] - This chip enables efficient handling of complex driving and parking tasks while reducing power consumption and system complexity [2] - Qualcomm and Hyundai Mobis plan to develop advanced driving and parking solutions that consolidate multiple vehicle functions onto a single chip, aiming to lower costs and improve efficiency for automakers [2][8] Future Development Plans - The two companies intend to combine their software and chip technologies to create a scalable, high-performance SDV architecture that is efficient, stable, and capable of over-the-air upgrades [3] - Qualcomm has also strengthened its partnership with Google to advance AI-powered vehicle technologies and has collaborated with Garmin to launch the Nexus automotive compute platform [4] Competitive Landscape - Qualcomm faces competition from NXP Semiconductors and NVIDIA, with NVIDIA expanding its DRIVE platform for Level 4 self-driving vehicles and introducing AI technologies to enhance decision-making in complex driving scenarios [5] - NXP is enhancing its CoreRide platform and acquiring TTTech Auto to improve automotive software functions, while also introducing S32N7 processors to support AI features and reduce costs for automakers [6] Financial Performance - Qualcomm shares have increased by 15.9% over the past year, compared to the industry's growth of 39.5% [7] - Earnings estimates for 2025 have risen by 0.3% to $12.15, while estimates for 2026 have decreased by 1% to $12.58 [9] - The company's shares currently trade at a price/earnings ratio of 14.82, which is lower than the industry average of 33.24 [10]

Core Insights - CrowdStrike's Falcon Flex subscription model is a significant growth driver, with annual recurring revenue (ARR) from Flex accounts surpassing $1.35 billion, reflecting over 200% year-over-year growth in Q3 of fiscal 2026 [1][9] Group 1: Falcon Flex Model - Falcon Flex enables customers to adopt new modules quickly, resulting in larger deals and faster platform usage [2] - Notable expansion deals include a large European bank renewing over 500,000 workload endpoint deployments and a global healthcare customer signing an eight-figure Falcon Flex contract [2] - Re-Flex activity is increasing, with the number of re-Flex customers more than doubling sequentially, indicating customers are expanding usage after realizing the platform's value [3] Group 2: Overall Company Performance - Total ARR for CrowdStrike reached $4.92 billion, a 23% increase year-over-year, with record net new ARR of $265 million [4] - The Zacks Consensus Estimate predicts a year-over-year revenue increase of around 21% for both fiscal 2026 and 2027 [4] Group 3: Competitive Landscape - Competitors like Palo Alto Networks and SentinelOne are also experiencing growth through platform expansion and AI innovation, with Palo Alto Networks' Next-Gen Security ARR increasing by 29% year-over-year [5] - SentinelOne reported a 23% year-over-year growth in its ARR, driven by the adoption of its AI-first Singularity platform [6] Group 4: Valuation and Earnings Estimates - CrowdStrike's shares have declined by 8.6% over the past three months, while the Zacks Security industry has seen a decline of 14% [7] - The company trades at a forward price-to-sales ratio of 19.87, significantly higher than the industry average of 12.17 [10] - Earnings estimates for fiscal 2026 imply a year-over-year decline of 5.6%, while fiscal 2027 estimates indicate a growth of 28.7% [13]

Industry Overview - The global electronics manufacturing services (EMS) industry is experiencing significant growth, driven by AI data centers, consumer electronics, IoT markets, 5G adoption, and automotive innovations, particularly electric vehicles. The EMS industry is projected to grow at a compound annual growth rate (CAGR) of 6.95% from 2025 to 2034 [1]. Company Analysis: Flex Ltd (FLEX) - Flex is well-positioned for multi-year growth, with its data center business identified as the primary growth engine, significantly influenced by AI infrastructure developments [3][4]. - The company has introduced a new AI infrastructure platform that enhances data center deployment speed by up to 30% and reduces execution risk [4]. - Flex's revenue from the data center segment is expected to rise at least 35% in the current fiscal year, benefiting from partnerships with leading technology companies like NVIDIA [5][10]. - Despite strong performance in the power and cloud markets, Flex anticipates a slight decline in Agility Solutions revenues due to softer demand in consumer devices and challenges from the Ukraine facility shutdown [7][8]. - The diversified portfolio of Flex continues to provide stability, with steady demand in the Health Solutions segment and growth in the Communications and enterprise segment [6]. Company Analysis: Jabil Inc (JBL) - Jabil's growth is driven by its expanding opportunities in healthcare, cloud, data center, and energy infrastructure, with its Intelligent Infrastructure segment emerging as a key growth driver [9]. - The Intelligent Infrastructure segment generated $3.9 billion in revenues in the first quarter of fiscal 2026, reflecting a 54% year-over-year increase and constituting 46% of total revenues [11]. - Jabil's cloud and data center business is projected to reach $9.8 billion for fiscal 2026, bolstered by new program wins and acquisitions [12]. - The healthcare segment is expected to remain a long-term growth catalyst, with strong visibility into program ramps across various medical technologies [13]. - Jabil's free cash flow was $1.3 billion in fiscal 2025, with expectations to maintain this level in fiscal 2026, allowing for share buybacks and continued investments [15]. Performance and Valuation - Over the past six months, FLEX and JBL have seen stock gains of 27.2% and 7.2%, respectively [16]. - FLEX is trading at a forward 12-month price/earnings ratio of 18.22X, while JBL is at 19.02X, indicating a slightly more favorable valuation for FLEX [17]. Earnings Estimates - Analysts have maintained FLEX's earnings estimates for the current fiscal year, with no revisions over the past 60 days [19]. - In contrast, JBL has seen a 4.5% upward revision in its earnings estimates during the same period [20]. Investment Outlook - FLEX currently holds a Zacks Rank of 3 (Hold), while JBL has a Zacks Rank of 2 (Buy), suggesting that JBL may present a better investment opportunity at this time [21].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Flex (FLEX) - Flex currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, Flex shares have increased by 10.24%, while the Zacks Electronics - Miscellaneous Products industry remained flat [6] - In a longer timeframe, Flex's monthly price change is 12.92%, significantly outperforming the industry's 1.11% [6] - Over the past quarter, Flex shares rose by 9.57%, and over the last year, they have surged by 73.82%, compared to the S&P 500's increases of 3.47% and 13.15%, respectively [7] Trading Volume - Flex's average 20-day trading volume is 6,756,452 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, four earnings estimates for Flex have been revised upwards, raising the consensus estimate from $2.99 to $3.14 [10] - For the next fiscal year, four estimates have also moved higher, with no downward revisions noted [10] Conclusion - Given the positive performance metrics and earnings outlook, Flex is positioned as a strong momentum pick with a Zacks Rank of 2 (Buy) and a Momentum Score of B [12]

Core Insights - CrowdStrike's Falcon Flex model is rapidly growing and is integral to the company's expansion strategy, with Annual Recurring Revenue (ARR) from Falcon Flex customers reaching $1.35 billion in Q3 fiscal 2026, more than tripling from the previous year [1][9] Group 1: Falcon Flex Growth and Impact - Falcon Flex facilitates quicker adoption of new modules without lengthy contract processes, resulting in increased platform usage and strong re-Flex activity, with over 200 customers expanding their contracts in Q3 [2][9] - The model is driving growth in key product areas such as Next-Generation Security Information and Event Management, cloud security, identity security, and endpoint protection, as it reduces procurement friction and encourages multi-module adoption [3][9] - Falcon Flex is expected to remain a significant growth engine for CrowdStrike, contributing to increased ARR, larger deal sizes, and deeper platform utilization, with revenue estimates indicating a year-over-year increase of around 21% for fiscal 2026 and 2027 [4] Group 2: Competitive Landscape - Competitors like Palo Alto Networks and SentinelOne are also experiencing growth through platform expansion and AI innovations, with Palo Alto Networks reporting a 29% year-over-year increase in its Next-Gen Security ARR in Q1 fiscal 2026 [5] - SentinelOne achieved a 23% year-over-year growth in its ARR for Q3 fiscal 2026, driven by the adoption of its AI-first Singularity platform [6] Group 3: Financial Performance and Valuation - CrowdStrike's shares have increased by 9.6% over the past three months, contrasting with a 3.3% decline in the Zacks Security industry [7] - The company trades at a forward price-to-sales ratio of 21.56, significantly higher than the industry average of 11.83 [11] - The Zacks Consensus Estimate for CrowdStrike's fiscal 2026 earnings suggests a year-over-year decline of 5.6%, while fiscal 2027 earnings are expected to grow by 28.8%, with recent upward revisions in estimates [14]