Flex: A Relative Winner In 2022, Shares Attractively Valued Ahead Of Earnings

The tech sector is in the spotlight this week with major earnings on tap.
One smaller player flies under the radar with good fundamental growth and positive technical trends.
$Flex Ltd(FLEX.US)$ Flex Ltd is down just fractionally this year while the company trades at a low valuation ahead.

Many tech stocks have stumbled hard in this year. The Technology Select Sector SPDR ETF $The Technology Select Sector SPDR® Fund(XLK.US)$ is down 28% year-to-date, underperforming the S&P 500 ETF $SPDR S&P 500 ETF(SPY.US)$ by nearly eight percentage points.

One of the sector’s stocks, though, has rallied big from earlier this summer. Will shares move higher after earnings this week? Let’s weigh the risks. $Advanced Micro Devices(AMD.US)$