New York, Jan 31, 2026, 18:43 ET — The market has closed.
- TE Connectivity slipped 1.6% on Friday, closing at $222.78.
- The stock currently trades roughly 11% under its 52-week peak reached last November.
- U.S. manufacturing and jobs reports due next week will likely steer the near-term market direction.
TE Connectivity shares slipped 1.6% to end Friday at $222.78. With U.S. markets closed for the weekend, trading is now on hold until Monday.
The connector-and-sensor maker is seen as a barometer for factory output and car production — and a gauge of whether AI-driven expansion continues to funnel cash into data centers and networking equipment. Earlier this month, the company projected second-quarter adjusted EPS around $2.65, driven by strong demand linked to AI-related tools boosting its industrial segment, Reuters reported. (Reuters)
The week ahead is packed with key data. Monday delivers January’s manufacturing PMI from the Institute for Supply Management, with the January jobs report set for Friday. David Payne of Kiplinger noted, “That is enough, at the moment, to quiet the fears of an unfolding labor market downturn,” while Barclays economists anticipate another modest payroll increase. (Kiplinger)
On Friday, the stock slipped amid a quiet session. The S&P 500 Index dropped 0.43%, while the Dow Jones Industrial Average fell 0.36%. TE underperformed peers like Qualcomm, Intuit, and Texas Instruments. It closed about 11% below its 52-week high of $250.67 reached on Nov. 5, with around 1.9 million shares traded. (MarketWatch)
Analysts adjusted their views on TE Connectivity on Thursday, with Zacks Equity Research boosting the stock to a Rank #1, or “Strong Buy.” This shift is mainly based on earnings estimate revisions. Over the last three months, the consensus forecast for fiscal 2026 earnings has climbed 7.1%, now standing at $10.93 per share. (Nasdaq)
Since reporting results, the company has pushed a growth narrative. CEO Terrence Curtin stated in a Jan. 21 release, “We expect double-digit sales and adjusted earnings growth again in our second quarter,” projecting second-quarter sales around $4.7 billion and adjusted EPS near $2.65. TE also revealed it’s started excluding amortization on intangible assets from certain non-GAAP metrics. (TE Connectivity Investors)
The risk remains that macro data misses expectations. A disappointing manufacturing report or a sharp payrolls shock could jolt rate forecasts and weigh on cyclical industrial tech shares, even if no new company updates emerge.
Traders face their first major data point Monday. The ISM Manufacturing PMI drops at 10:00 a.m. EST on the month’s opening business day, marked as Feb. 2 for February’s figure. This survey index flags contraction when readings slip below 50. (Institute for Supply Management)
The next key release is Friday, with the U.S. Bureau of Labor Statistics set to drop the January Employment Situation report at 8:30 a.m. ET on Feb. 6. This report usually helps shape the direction for rates and cyclicals in the coming week. (Bls)
