Bull of the Day: Celestica Inc.
Celestica Inc. (CLS) is a picks and shovels technology stock providing investors exposure to growth across artificial intelligence, the energy transition, and beyond. CLS stock crushed Nvidia over the past three years and the last 12 months. Yet, the recent growth and AI selloff has Celestica trading 20% below its all-time highs and 20% below its average Zacks price target.
- This move presents an opportunity for long-term investors to get in on a promising growth story that's been unfairly penalized by market sentiment.
- Can Celestica maintain its growth momentum through the next downturn, or will its exposure to volatile sectors leave it vulnerable to economic shocks?