ARW Arrow Electronics Inc.

$ARW Another low volume thin name that has been showing relative strength last 4 months, trying to break out of this base to all time highs

$ARW Super nice base. Low volume stock. Looking for volume breakout over 230 for a trigger

$ARW Arrow is Friday’s IBD Stock of the Day, and the tape earned it. Shares broke out of a 14-week base past 237.33, up more than 5% on heavy volume to an intraday all-time high of 243.91. The growth behind it: per-share earnings rose 48% to 190% over the past three quarters. FactSet consensus has Q3 at 4.96 a share, up 106% year over year, on sales of 9.99 billion, up 29%. That would be a third straight quarter of triple-digit earnings growth. One level down: Arrow is a distributor, not a chipmaker. It sits between component manufacturers and the OEMs building the hardware. Triple-digit earnings growth in the middleman reads like a broad-based components cycle, not a single-name AI story. The channel wins back it up. Last month HPE awarded Arrow distribution rights for its networking portfolio across North America and select EMEA countries. Raymond James rates it Outperform with a 250 target, citing value-added-services growth supporting margins. Q3 earnings land late October.