Jabil Circuit's 2Q Beat Positive Read Trough for Apple, Analyst Contends

Jabil Circuit's (JBL) second quarter top and bottom line  beat on Wednesday is a positive read through for Apple (AAPL) , Cowen analyst Timothy Arcuri contended.  

"Most importantly, a bullish outlook for Jabil Circuit's August Q is highly supportive of our long-held view that a super-cycle is brewing for this iPhone launch especially in China," Arcuri wrote in a note on Thursday. 

(Apple is a core holding of Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial here. )


More from Investing

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

PayPal Shares Jump Nearly 10% After Strong Earnings Beat

PayPal Shares Jump Nearly 10% After Strong Earnings Beat

Closed-End Fund Returns Hurt By Fed, Trade Wars

Closed-End Fund Returns Hurt By Fed, Trade Wars

Secular Payment Shift Offers Enough Opportunity to Go Around for PayPal, Square

Secular Payment Shift Offers Enough Opportunity to Go Around for PayPal, Square

There Are No Signs Yet That the Correction Action Is Over

There Are No Signs Yet That the Correction Action Is Over