Flex LTD (FLEX) appears on Josh Brown's "Best Stocks" list, with the electronic contract manufacturer having reoriented away from low-margin consumer electronics assembly toward higher-value, longer-duration programs.

Brown first pitched the company—then called Flextronics—in 1998, when it was assembling PCs for Compaq, Dell and Gateway. The company has since evolved into a designer and builder of electronics for over 1,000 global customers, including Cisco, Hewlett-Packard, Apple and Tesla. It now supplies critical components for automotive electronics, medical devices, industrial equipment and data center infrastructure.

The Flex Reliability Solutions division is the engine of this transformation. FRS focuses on multiyear, design-intensive programs where Flex moves upstream into product design and manages long-term supply relationships rather than executing transactional assembly work.

Management has deployed share buybacks to return capital as free cash flow expanded, a disciplined capital allocation that has supported stock performance. The stock has risen every year over the past decade except 2018, producing a 23 percent annualized return.

FlexManagement projects 9 percent revenue growth and 20 percent earnings growth in its May financial report, signaling confidence in the strategic pivot. The combination of higher-margin, design-embedded manufacturing and consistent capital returns creates a durable path for equity appreciation.