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Nasdaq 100 futures early trading shows Nasdaq 100 futures
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Early trading shows Nasdaq 100 futures edging up by 0.18%, bolstered by positive consumer electronics sales data. Market strategists warn of potential volatility spikes if inflation numbers surprise to the upside later this week. The stock currently trades at a very attractive forward earnings multiple of 20. That's lower than the tech-laden Nasdaq-100 index's forward earnings multiple of 27 (using the index as a proxy for tech stocks). Assuming Jabil can indeed clock $14.66 per share in earnings in fiscal 2028 (see chart above), its stock price could jump to $396 (based on the Nasdaq-100's forward earnings multiple). Main street investor sentiment is often used as a contrarian indicator, with rising bullishness sometimes signaling an exhaustion of buying power out of a belief that most purchases have already been made, leaving less cash on the sidelines to put to work in the market. Market chatter indicates increasing hedge fund long positions in Nasdaq 100 futures, betting on continued cloud infrastructure expansion and the secular AI trend. This aligns with recent corporate guidance upgrades.