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. )


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