SNX Stock Summary and Trading Ideas (TD Synnex | NYSE:SNX)

TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.

TD Synnex trades on the NYSE stock market under the symbol SNX.

As of April 19, 2024, SNX stock price declined to $112.87 with 226,492 million shares trading.

SNX has a beta of 0.75, meaning it tends to be less sensitive to market movements. SNX has a correlation of 0.22 to the broad based SPY ETF.

SNX has a market cap of $9.64 billion. This is considered a Mid Cap stock.

Last quarter TD Synnex reported $14 billion in Revenue and $2.99 earnings per share. This fell short of revenue expectation by $-385 million and exceeded earnings estimates by $.15.

In the last 3 years, SNX stock traded as high as $130.93 and as low as $78.87.

The top ETF exchange traded funds that SNX belongs to (by Net Assets): IJH, VTI, COWZ, VB, VBR.

SNX has underperformed the market in the last year with a price return of +19.1% while the SPY ETF gained +21.6%. However, in the short term, SNX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.8% vs +4.6% return in SPY. But in the last 2 weeks, SNX shares have been beat by the market, returning -3.4% compared to an SPY return of -3.1%.

SNX support price is $111.87 and resistance is $115.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNX stock will trade within this expected range on the day.