The generally rising cost of capital combined with a heightened inflationary environment, which now seems more likely to add to pressures at both the consumer and corporate levels, has added to what we still believe…
Last Tuesday (10/6), we sat in on a highly informative Analyst & Investor Day from Agility Robotics, which aims to go public during Q4 through a SPAC transaction with Churchill Capital Corp X1 (CCXI; $11.16;…
This morning, Jabil (JBL; $307.50; O/P) announced it signed a non-binding memorandum of understanding (MoU) with Adani Enterprises Limited (AEL) for the framework of a proposed 50:50 joint venture (JV) to manufacture and assemble AI-based…
The shares of Micron (MU; $989.04; O/P) are down 9% in recent days, which we think mainly reflects heightened concerns around competition from China, specifically as it relates to CXMT (688825.SH; ¥48.34; NR), which just…
The shares of TTM Technologies (TTMI; $108.00; O/P) are down 11% today after the company disclosed plans to invest another $400mm to expand its manufacturing capacity across four facilities in China and a key facility…
We reiterate our Outperform and $400 target on the shares of Jabil (JBL; $306.28) after touring a portion of the company’s substantial footprint last Thursday (10/8) in Guadalajara, Mexico, well known as the “Silicon Valley…
Last week, Lyft (LYFT; $15.76; O/P) announced it opened its North American rider app for use in Europe with no new download required, as riders continue to use existing accounts and payment methods. This launch…
This morning, Uber Technologies (UBER; $69.60; O/P) announced an agreement to acquire ezCater, which is a U.S. based delivery platform focused on catering and workplace meals. Uber plans to pay $2.3B in cash for this…
Last week, NetApp (NTAP; $223.77; E/W) hosted its annual INSIGHT user conference in Las Vegas, which we think represented a positive inflection point in what already was a healthy tech roadmap from the company. In…
This morning, Flex (FLEX; $118.08; O/P) announced it entered into an agreement to sell $2B worth of shares in convertible preferred stock of its Axiom Solutions International business to General Catalyst, Koch Equity Development, and…
Micron (MU; $1,097.39; O/P) produced another robust “beat and raise” earlier this week with its FQ4 (Aug) results that we think went a long way towards supporting the idea that its current EPS growth can…
The shares of Jabil (JBL; $286.86; O/P) plunged 10% yesterday after the company posted yet another substantial “beat and raise” with its FQ4 (Aug) results and full year F2027E guidance that came as part of…
This morning, Corning (GLW; $158.82; E/W) announced its latest in a series of new strategic Optical Communications (43% of 2026E sales and 53% of EBIT) engagements of the past year with a “multi-year” fiber and…
Yesterday, Belden (BDC; $110.80; O/P) announced that it plans to manufacture select products of its recently acquired RUCKUS Networks business in Pune, India, which we think is an interesting move towards producing more immediate operating…
This morning (9/24), the European Automotive Manufacturers Association released car registration data from the region for the month of August, which continued to demonstrate some solid YoY growth in overall vehicle demand, albeit increasingly skewed…