Company Notes

Last Thursday (1/5), we hosted an investor meeting at the Consumer Electronics Show (CES) in Las Vegas with members of Dell Technologies’ (DELL; $42.42; E/W) IR team, including Paul Frantz, VP of IR, and Christopher…

We reiterate our Outperform on the shares of Jabil (JBL; $67.98) after hosting an investor meeting at the Consumer Electronics Show (CES) in Las Vegas with Kenny Wilson, who takes over as CEO in May,…

We see recent news flow tied to new auto display innovations out of the Consumer Electronics Show (CES) in Las Vegas, along with our own checks at the tradeshow, boding well for Corning’s (GLW; $35.38;…

Our visit last week to the Consumer Electronics Show (CES) in Las Vegas added to our belief that ChargePoint shares (CHPT; $9.01; O/P) are significantly oversold. We think this is especially the case after CHPT…

We still see favorable risk/reward around the shares of Lyft (LYFT; $11.94; O/P), especially with tax loss selling season in the rear-view mirror and current valuations even after the stock’s 7% jump last week (e.g.,…

Last week, we attended the Consumer Electronics Show (CES) in Las Vegas, which provided more support for the incremental value that Sensata’s (ST; $43.34; O/P) Insights can generate for investors in coming years. Specifically, we…

Yesterday, Mobileye’s (MBLY; $29.84; E/W) Founder and CEO, Amnon Shashua, hosted a press conference at the Consumer Electronics Show (CES) in Las Vegas that suggested an increasingly bullish long-term outlook for the business on the…

Yesterday (1/4), DoorDash (DASH; $48.93; E/W) announced in a blog post that it is introducing Package Pickup, which offers consumers the ability to request a courier on DASH’s network (Dasher) to pick up prepaid packages…

Last night, the shares of Western Digital (WDC; $33.05; E/W) jumped 8% after the market closed on reports that the company has re-engaged in merger talks with its NAND manufacturing joint venture partner, Kioxia Holdings,…

We establish an Equal-Weight on the shares of Mobileye Global (MBLY; $35.06), a well-scaled provider of purpose-built software and hardware for Advanced Driver Assistance Systems (ADAS). MBLY “checks a lot of boxes” for a successful…

We reviewed Micron’s (MU; $50.40; E/W) recently filed 10-Q for the FQ1 period ending December 1st, which provided some further support for the idea that a longer than typical duration to the DRAM/NAND downturn and…

Last night after the close, Hyzon Motors (HYZN; $1.66) disclosed in an 8-K filing that the company entered into an equity capital contribution agreement with Chevron New Energies, a subsidiary of Chevron (CVX; $177.76; NR)…

Aptiv (APTV; $91.26; E/W) announced on Friday (12/23), that it completed the acquisition of Wind River under revised terms. Specifically, APTV will now acquire Wind River from TPG Capital for $3.5B in cash or below…

We make another round of major cuts to EPS for Micron (MU; $51.19; E/W) after FQ1 (Nov) results came in around the low end of targets and FQ2E (Feb) profitability guidance badly disappointed even against…

Micron Technology (MU; $51.19; E/W) reported FQ1 (Nov) non-GAAP EPS loss of ($0.04), which compared to our ($0.05) and the Street’s ($0.02) on sales of $4,085mm (vs. our $4,000mm and consensus of $4,134mm). Recall, we…