Will earnings give Amphenol stock the push it needs to break out?
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Will earnings give Amphenol stock the push it needs to break out? Amphenol (APH) stock is on pace for three straight weeks of gains as it climbs in a consolidation pattern ahead of an earnings report. The first-quarter results from the fiber-optic connector maker will reflect its January acquisition of the Connectivity and Cable Solutions business from CommScope. Amphenol's strong fundamentals and stock performance earned it a spot on the stringent IBD Sector Leaders list, as well as the IBD 50, IBD Big Cap 20 and MarketSurge Growth 250 lists. The company is a leader in high-speed interconnectivity, sensor and antenna solutions and fiber optic cables. Amphenol's products serve automotive, aerospace, communications and industrial markets as well as the military. Its IT Datacom business applications are used in cloud computing, data storage systems, networking equipment and servers. Amphenol's liquid cooling systems are found in data centers, electric vehicle charging stations and energy storage systems. Amphenol stock ranks No. 1 out of 20 stocks in the Electronics-Parts group. That group holds the 6th spot out of the 197 industry groups that Investor's Business Daily tracks. Amphenol stock awaits A catalyst. Amphenol stock is in a first-stage consolidation pattern with a 167.04 buy point, according to MarketSurge pattern recognition. The entry marks its all-time high...
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