Fabrinet (FN) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Fabrinet (FN) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, Nov.11:
| Automobile Components Industry | Consumer Discretionary Sector | Seamus Grady CEO | XDUS Exchange | KYG3323L1005 ISIN |
| KY Country | 14,213 Employees | - Last Dividend | - Last Split | 25 Jun 2010 IPO Date |
Fabrinet specializes in providing a broad spectrum of optical packaging and precision optical, electro-mechanical, and electronic manufacturing services across North America, the Asia-Pacific region, and Europe. The company's extensive service portfolio encompasses process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Founded in 1999 and headquartered in Grand Cayman, the Cayman Islands, Fabrinet caters to the needs of original equipment manufacturers (OEMs) in sectors such as optical communication components, modules and subsystems, industrial lasers, automotive components, medical devices, and sensors.