On June 8, Flex Ltd rose 3.59% in regular trading, trading at $152.85/share, with trading volume of $95.13 million.

On the news front, S&P Dow Jones Indices announced that Flex will be officially added to the S&P 500 index effective before market open on June 22, replacing Pool Corp. Inclusion in the S&P 500 means the stock will reach a broader investor base, encompassing passive funds that track the index as well as actively managed funds with investment scope restrictions, with anticipated passive capital allocation demand continuing to drive the stock higher.

Additionally, the company previously announced the spinoff of its high-growth Cloud and Power Infrastructure (CPI) business into an independent publicly listed company, focusing on AI data center critical power and thermal management technologies including power products, embedded solutions, and cooling systems. The company's latest annual report shows revenue growth of 8.14% year-over-year and net profit growth of 5.01% year-over-year, with solid fundamentals combining with multiple positive catalysts to support the stock's recovery.

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