On May 29, Flex Ltd rose 3.04% in regular trading, trading at $151.67/share, with trading volume of $76.34 million. The stock rebounded strongly following a sector-wide recovery in Electronic Manufacturing Services after the prior session's profit-taking pullback.

On the news front, the EMS sector posted broad-based gains, with Celestica up 5.75%, TTM Technologies up 2.45%, TE Connectivity up 1.79%, and Jabil Circuit up 1.55%, while Fabrinet declined 1.39%. The sector's rapid recovery followed a brief correction triggered by short-term profit-taking pressure after consecutive rally sessions.

Fundamentally, Flex's Cloud and Power Infrastructure (CPI) business continues to benefit from robust data center and power infrastructure demand, with the market viewing it as a core growth engine. The company's latest annual report showed revenue of $27.91 billion, up 8.14% year-over-year, with net income of $880 million, up 5.01% year-over-year, providing solid fundamental support for the stock price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)