The Trend Catcher | FLEX Surges 30%+ in Elec-Contract Mfg; RIO & BHP Hit Record Highs, Lifting Mining-Metal Ores +5%; COKE, ASML Near Breakouts
Flex Ltd FLEX | 0.00 | |
Corning Inc GLW | 0.00 | |
Rio Tinto plc Sponsored ADR RIO | 0.00 | |
BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs BHP | 0.00 | |
Coca-Cola Consolidated, Inc. COKE | 0.00 |
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Stocks rose on Wednesday following a report that the U.S. and Iran were nearing an agreement to end the war.
As of 5:25 PM Riyadh Time, the Dow Jones Industrial Average(DJI.US) added 1.16%. The S&P 500 index(SPX.US) advanced 0.93%, while the NASDAQ(IXIC.US) Composite gained 1.12%.
Axios reported, citing sources, that the U.S. and Iran were getting close to a deal that would bring a resolution to the conflict. According to the report, the agreement would include a moratorium on nuclear enrichment. An Iranian foreign ministry spokesperson also told CNBC that Iran was evaluating a U.S. proposal toward a resolution.
1. Leader industry as of 5:10 pm
| Name | Price % Chg | Ind Group Rank | Ind Grp Rnk 3 Mo Ago | Ind Group RS | Number of Stocks | Ind Mkt Val (bil) |
| Elec-Misc Products | 8.86 | 31 | 37 | A- | 29 | 213.6 |
| Elec-Contract Mfg | 7.27 | 5 | 42 | A+ | 15 | 185.0 |
| Mining-Gold/Silver/Gems | 6.92 | 99 | 12 | C- | 86 | 762.1 |
| Apparel - Clothing & Shoes | 4.71 | 139 | 118 | E | 51 | 853.5 |
| Transportation-Airline | 4.68 | 112 | 27 | D | 20 | 195.9 |
Elec-Misc Products & Elec-Contract Mfg Sectors Realated Stocks:
Corning Inc(GLW.US) , Espey Mfg. & Electronics Corp.(ESP.US) , Celestica Inc.(CLS.US) , TTM Technologies, Inc.(TTMI.US) , Fabrinet(FN.US) , Flex Ltd(FLEX.US)
Sector Logic: Elec-Misc Products & Elec-Contract Mfg Sectors
Core Driver: AI and Data Center Demand as the Growth Engine
Surging data center power demand and grid bottlenecks are driving investment in "miscellaneous products" like power solutions, thermal management, and connectors. The unique demand for high-quality AI Data Center ESS, emphasizing power quality and fast response, with operators willing to pay a premium for reliability, benefits technology-leading battery companies.
Market Dynamics: Semi Equipment Spending Forecasts Raised, Benefiting Upstream Supply Chain
Goldman Sachs sees further upside for the semi equipment sector and significantly raised its global WFE (Wafer Fab Equipment) spending forecasts for 2026/2027/2028 to $141B/$186B/$208B. This directly benefits Elec-Misc Products and Contract Manufacturers that supply the semiconductor industry.
Focus Area: Optical Modules & Photonics
Morgan Stanley and Bernstein both released reports on optical communications and photonics. The optical module market is expected to grow from ~$18B in 2025 to ~$50B in 2028, driven by AI data centers. This growth will drive demand for "miscellaneous products" like lasers, fiber optics, and optical components.
2. Breaking Out Today as of 5:10 pm
| Symbol | Comp Rating | Industry Name | Price % Chg | Volume (1000s) | Price $ Chg | EPS Rating | RS Rating | Ind Group RS | SMR Rating | A/D Rating | Market Cap (mil) |
| GALDERMA GROUP AG(GALDY.US) | 90 | Medical - Pharmaceuticals | 2.30 | 4 | 0.97 | 79 | 79 | C+ | B | B | 49,635.0 |
| Rio Tinto plc Sponsored ADR(RIO.US) | 84 | Mining-Metal Ores | 3.98 | 746 | 4.00 | 49 | 82 | A- | A | C- | 171,146.5 |
| BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs(BHP.US) | 83 | Mining-Metal Ores | 4.82 | 885 | 3.82 | 53 | 83 | A- | B | C- | 199,851.3 |
| CVS Health Corporation(CVS.US) | 74 | Medical-Managed Care | 8.05 | 3,514 | 6.50 | 44 | 64 | B+ | C | A- | 103,412.7 |
3. Near Breakouts as of 5:15 pm
| Name | Comp Rating | Industry Name | Price % Chg | Volume (1000s) | Price $ Chg | EPS Rating | RS Rating | Ind Group RS | SMR Rating | A/D Rating | Market Cap (mil) |
| Coca-Cola Consolidated, Inc.(COKE.US) | 97 | Beverages-Non-Alcoholic | 1.11 | 41 | 2.4 | 85 | 93 | B | A | B | 13,963.20 |
| ATI Inc.(ATI.US) | 86 | Aerospace/Defense | 3.81 | 296 | 5.92 | 94 | 91 | D | A | E | 21,200.70 |
| ASML Holding NV ADR(ASML.US) | 94 | Elec-Semiconductor Equip | 5.43 | 635 | 78.35 | 89 | 79 | A | A | E | 549,525.60 |
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Related Stocks Chart
Rio Tinto plc Sponsored ADR(RIO.US)
| Company Fundamentals | |
|---|---|
| EPS Due Date | 7/29/2026 |
| EPS % Chg (Last Qtr) | -10% |
| 3 Year EPS Growth Rate | 0% |
| EPS Est % Chg (Current Yr) | 0% |
| Annual ROE | 17% |
| Sales % Chg (Last Qtr) | 14% |
| 3-Year Sales Growth Rate | 1% |
| Debt % | 27% |
| Market Cap | $171 Bil |
| Annual Pre-Tax Margin | 22.98% |
| Sector | Mining |
| Industry Group | Mining-Metal Ores |
| Industry Group Rank | 38 |
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