GLW: A Big Beautiful Broadband Incentive

We view AT&T’s (T; $28.32; NR) announcement from last Thursday (7/3) that it plans to accelerate its planned buildout of fiber infrastructure as incrementally bullish for Corning (GLW; $52.68; O/P), especially since it came so…

LYFT: More on the Autonomous and Micro-Mobility Front

We think recent disclosures from Lyft (LYFT; $16.15; O/P) highlight how the company continues to intensify its focus on autonomous vehicles (AVs) and micro-mobility initiatives that can add to shareholder value over the long term….

CART: More Advancements on Its Tech Roadmap

Recent news flow out of Maplebear d/b/a Instacart (CART; $47.18; E/W) provides further support for the idea that the company is enabling a wider range of avenues for deepening relationships with existing retail partners, while…

NXT: A Not So Bad Big Beautiful Bill

The shares of Nextracker (NXT; $66.31; E/W) surged 25% last week to new all-time highs as the U.S. Budget Reconciliation Bill was passed by Congress and subsequently signed into law by President Trump on July…

UBER: Adds to Local U.S. Grocery Partnerships

This morning, Uber Technologies (UBER; $91.48; E/W) announced it is expanding on its grocery delivery service in the U.S. with the addition of several new partnerships, including Big Y and King Kullen in the Northeast,…

JBL: 10-Q Tidbits

Yesterday’s 10-Q filing from Jabil (JBL; $216.99; O/P), for its FQ3 ending May 31st, disclosed that the company signed a binding purchase agreement on June 2nd to acquire privately held Rebound Technologies, which is a…

FN: Raising Target on New Program Opportunities

We are raising our outdated price target on the shares of Fabrinet (FN; $293.17; O/P) from $270 to $335 for a recent series of positive data points across the company’s major served markets and our…

NXT: Some More U.S. Regulatory Uncertainty

The shares of Nextracker (NXT; $55.35; E/W) are down 5% this morning after the U.S. Senate once again revised the proposed U.S. Budget Reconciliation Bill over the weekend. The bill, which according to press reports…

More Robotic Delivery Tests In the News

We think another recent wave of news about U.S. pilot programs testing autonomous last mile delivery highlights what can be a significant robotics opportunity for on-demand delivery networks over the long term for companies such…

NXT: Announces Another Big Win

On Wednesday (6/25), Nextracker (NXT; $58.22; E/W) announced it was selected to supply its NX Horizon solar trackers to power the Oricheio PPC solar photovoltaic (PV) park in Western Macedonia, Greece which we think provides…

MU: Mix Story Takes Firmer Hold; Raise Target to $160

We are raising our target from $140 to $160 on the shares of Micron Technology (MU; $127.25; O/P) as we increase our F2025/F2026E (Aug) EPS from $6.70/$9.10 to $7.80/$11.65 after the company produced an especially…

MU: First Look at FQ3 (May) Results and Outlook

Micron Technology (MU; $127.25; O/P) reported FQ3 (May) non-GAAP EPS of $1.91, which was well ahead of our $1.55 and the Street’s $1.60 on meaningful sales upside ($9,301mm vs. our $8,750mm and consensus of $8,863mm)….

SANM: More ZT Reasons to Believe; Bump Target to $110

We bump up our target on the shares of Sanmina (SANM; $94.98; O/P) from $105 to $110 as our recent checks add to our confidence in the significant EPS potential of the company’s pending acquisition…

Some European Car Registration Data to Consider

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of May, which was noticeably below seasonal trends, albeit including some still relatively positive battery electric vehicle (BEV)…

FLEX: Powering Up a Catch-Up Trade

We think recent news flow out of Flex (FLEX; $46.35; O/P) highlights how it continues to innovate across a range of its proprietary power solutions, which is important given how we see this roadmap continuing…