Company Notes

We think Corning (GLW; $168.14; E/W) produces a very solid set of Q1 results and guidance, which are scheduled for April 28th (before market), including healthy upside from Optical Communications (~40% of 2026E sales and…

We reiterate our $180 target and Outperform on the shares of Amphenol (APH; $145.54; O/P) ahead of its Q1 results and guidance, scheduled for April 29th (before market). We expect some broadly positive organic growth…

We reiterate our Outperform and $290 target on the shares of TE Connectivity (TEL; $236.88) ahead of its FQ2 (Mar) results and guidance, scheduled for next Wednesday (4/22 before market). From our seat, TEL shares…

We think near-term prospects for the shares of Vertiv (VRT; $310.51; E/W) are best considered from a more holistic point, considering its upcoming Q1 print, scheduled for April 22nd (before market), plus the company’s Investor…

We think this week’s news that Volkswagen’s (VOW.DE; €91.45; NR) MOIA America and Uber Technologies (UBER; $71.81; E/W) are starting on-road autonomous validation of Volkswagen’s ID. Buzz vehicles is another supportive data point for Mobileye’s…

This morning’s Shareholder Letter from Amazon’s (AMZN; $233.65; NR) CEO Andy Jassy, highlighted how the company continues to pursue multiple paths in pursuit of building out a full-fledged on-demand grocery delivery service, which we think…

We initiate coverage of the shares of Versigent (VGNT; $28.34) with an Outperform and $35 target given our belief that the stock looks like a mispriced asset after being spun out by Aptiv (APTV; $60.63;…

Yesterday, Uber Technologies (UBER; $72.55; E/W) added to a recently long string of robotaxi announcements of the past five weeks or so, starting with the formal launch of its Uber Autonomous Solutions offering in late-February…

This morning, Flex (FLEX; $60.76; O/P) announced it was adding to its critical power portfolio with a definitive agreement to acquire Electrical Power Products (EPP) for $1.1B in an all cash transaction, which is before…

This morning, Uber Technologies (UBER; $69.46; E/W) announced an agreement to acquire Blacklane, which was founded in 2011, a chauffeur service provider that operates on a global basis. Uber did not disclose any financial details…

The shares of Sanmina (SANM; $130.90; O/P) are down 28% over the past two months or back to where the stock was when the company completed the acquisition of ZT Systems’ data center infrastructure manufacturing…

This morning, Uber Technologies (UBER; $72.15; E/W) announced yet another autonomous driving partnership that we think highlights the company’s global scale and network advantages. Specifically, Uber is entering a strategic partnership with Pony AI (PONY;…

This morning, SanDisk (SNDK; $655.00; O/P) entered into a private placement agreement with Nanya Technology (2408.TW; NT$226.50; NR) in which it agreed to purchase ~139mm shares of Nanya common stock for ~$1B based on ~15%…

On Monday morning (3/23), Mobileye (MBLY; $7.12; E/W) announced that a leading U.S. automaker plans to integrate its Driver Monitoring System (DMS) into future vehicles equipped with its EyeQ6L system-on-chip (SoC). Importantly, this win, which…

This morning, Vertiv (VRT; $269.45; E/W) announced an interesting acquisition along with updates on its expansion plans, which all should add confidence to the idea that the company is positioning itself to more than keep…