Industry Notes

Last week, we attended the Advanced Clean Transportation (ACT) Expo in Las Vegas, which highlighted healthy commercial interest from fleet operators, port authorities, and a range of enterprises, including electric utilities and energy companies, in…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of April, which were somewhat above seasonal trends including a bit healthier battery electric and hybrid electric vehicle…

Our latest look at aggregate inventories up and down the supply chain suggested some more YoY improvements towards a return of more normalized inventories, albeit in the context of some typical seasonal increases in March…

This morning, Maplebear, doing business as Instacart (CART; $36.53; E/W) and Uber Technologies (UBER; $71.51; O/P) announced a surprising strategic partnership whereby customers will be able to use the Instacart app to order food delivery…

As per our prior report (“A Powerful Data Center Conference”; 4/17), we spent a few days last week at Data Center World in Washington DC, where the wild level of bullishness we highlighted from our…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of March, which was somewhat below seasonal trends including weaker electric vehicle registration trends that should be measured…

This week, we are spending time at what appears to be a very well attended Data Center World in Washington D.C. where we had the opportunity already to hear from and chat with managers representing…

Stocks in our tech supply chain coverage are +7% YTD and +35% YoY on average as a broadening set of cyclical recoveries were further priced in for H2. Along those lines, we expect CQ1 EPS season…

Last week, we sat in on a Reuters virtual panel on “Navigating the Future of Software Defined Vehicles in Automotive Innovation” with senior managers from Amazon Web Services (AMZN; $184.27; NR), Stellantis (STLA; $27.24; NR),…

This morning, the European Automotive Manufacturers Association released car registration data from the region for the month of February, which was somewhat above seasonal trends. Overall, European car registrations (15-20% of global demand) declined only…

This morning, the European Automotive Manufacturers Association released car registration data from the region for the month of January. Overall, European car registrations (15-20% of global demand) declined 3% MoM from December or right around…

Our latest look at aggregate inventories up and down the supply chain suggested some more solid improvements towards a return of more normalized levels, although it is hard not to argue there remains “more inventory…

We think there are some positives worth focusing on amongst all the electric vehicle (EV) hand wringing of recent weeks. For example, recent updates from direct current fast charging (DCFC) network operators EVgo (EVGO; $2.72;…

We think a muted end to the December quarter, combined with ongoing uncertainty around the impact of high interest rates on capital spending-driven markets, and typical seasonal pressures to start the year suggests to us…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of December, which was slightly below seasonal trends. Specifically, European vehicle registrations in December (~20% of global demand)…