Fox Advisors:
Unparalleled Expertise
The team at Fox Advisors strives to understand and articulate emerging and established secular trends related to a wide range of electronic component applications, automotive technologies, Transportation-as-a-Service (TaaS) and other shared networks plus storage products in order to aid our clients in their investment process. Our approach leverages bottoms-up supply chain analysis, deep-rooted corporate connections, and insights derived from industry trade shows and regulatory updates to develop consistent, detailed, opinionated research that our clients trust and rely on.
December 20, 2024
UBER: Doubles Down on Taxis in South Korea
This morning, Uber Technologies (UBER; $60.21; O/P) announced plans to acquire TMAP Mobility’s 49% stake in the two companies’ joint venture (JV), named Uber Taxi, in South Korea for $39mm, which would give Uber full…
December 19, 2024
Some Solid Vehicle Demand Mix in Europe
This morning, the European Automobile Manufacturers Association released new car registration data from the region for the month of November, which was in line with typical MoM seasonal trends. Importantly, the data included ongoing healthy…
December 19, 2024
MU: A Transitory Type of Disappointment
We reduce F2025/F2026E (Aug) EPS for Micron (MU; $103.90; O/P) from $8.40/$11.20 to $6.75/$8.80 after FQ2E (Feb) guidance badly disappointed the Street, albeit with FQ1 (Nov) profits that were somewhat better than expected despite a…
December 18, 2024
MU: First Look at FQ1 (Nov) Results and Outlook
Micron Technology (MU; $103.90; O/P) reported FQ1 (Nov) non-GAAP EPS of $1.79, which was ahead of our $1.75 and the Street’s $1.76 despite some lower than expected sales ($8,709mm vs. our $8,750mm and consensus of…
