Buy CLS now?

**Celestica (CLS) does not appear to be an immediate buy based on the available data.** Here's why: 1. **Technical Indicators Suggest Caution**: - The MACD is negative, indicating potential bearish momentum. - The RSI is above 50, suggesting that the stock is neither overbought nor oversold. - The KDJ is high at 89.8, which could indicate an overbought condition. This suggests that while the stock is currently strong, it may be due for a pullback or consolidation. 2. **Recent Institutional Activity Mixed**: - Some institutions have added to their positions, such as HBK Sorce Advisory LLC and Triasima Portfolio Management inc., while others have reduced their stakes, like Headlands Technologies LLC. - The overall institutional ownership is high at 67.38%, which could indicate stability in the share ownership structure. 3. **Options Market Sentiment Bearish**: - The options market shows a higher concentration of bearish sentiment, with a significant amount of put options traded compared to calls. - The volume and open interest in put options for CLS suggest that investors are more concerned about the downside risk than the upside. 4. **Recent Performance and Analysts' Views**: - The stock has experienced a significant increase in its market cap, which could be due to long-term returns driven by underlying performance. - Analysts have raised their price targets, indicating a positive outlook for the company's future earnings. In conclusion, while there are some positive signs for Celestica's future performance, the technical indicators and options market sentiment suggest caution. Investors should consider the mixed institutional activity and the recent stock's performance relative to its earnings growth. It is advisable to wait for a more conclusive signal before making a buying decision.