Alert: Positive Investment/Fundamental Signals (4/26/24)-Sanmina Corp (NASDAQ: SANM)

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Sanmina Corp (NASDAQ: SANM) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and its longer term price trend turned up.

Recent meaningful positive changes in fundamentals have benefitted Sanmina Corp (NASDAQ: SANM): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, SANM is expected to continue to be an important Value Builder.

Sanmina has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Sanmina has a good Power Rating of 70 and a good Appreciation Score of 74, leading to the Highest Value Trend Rating.

Recent Price Action

Sanmina Corp (NASDAQ: SANM) stock rose modestly by 0.4% on 4/26/24. The stock closed at $62.97. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 8.2% during the last week.

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