HYZN: Some U.S. Hydrogen Positives

We think yesterday’s news that the U.S. Department of Energy (DoE) and the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) signed a $12.6B agreement to build a clean, renewable hydrogen hub in California is…

COMM: Announces Divestiture That Can Firm Up Balance Sheet

This morning, CommScope (COMM; $1.85; NR) announced plans to divest its Outdoor Wireless Networks (OWN) business as well as its Distributed Antenna Systems (DAS) portfolio that sits within its Networking, Intelligent Cellular and Security offering,…

APH: The Price, and More, is Right

This morning, Amphenol (APH; $65.02; E/W) announced plans to acquire CommScope’s (COMM; $1.85; NR) Outdoor Wireless Networks (OWN) business as well as its Distributed Antenna Systems (DAS) portfolio from within a Networking, Intelligent Cellular and…

European Vehicle Registrations Still Solid

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of June, which was somewhat above seasonal trends including some healthier hybrid electric vehicle trends. More to the…

AMKR: Q2 Call Should Still Point to Big H2

We are confident Amkor Technology (AMKR; $41.22; E/W) still guides to a significant sales recovery in H2 when it reports Q2 results on July 29th (after market) since our checks suggesting confidence in at least…

GLW: Prepared Well for Its Higher Earnings Bar

We think the “bar has been raised” for Corning (GLW; $45.84; O/P) into its Q2 results and outlook, scheduled for July 30th (before market), given how well received its recent positive Q2 update was received…

BHE: Bar Looks Set Well into Q2 Print

We stick with our EPS estimates for Benchmark Electronics (BHE; $41.86; E/W) ahead of its Q2 print and guidance on July 30th (after market). Specifically, we model Q2E sales, operating margin, and EPS at $638mm…

ST: More on the Agenda Than the Usual Quarterly Call?

The shares of Sensata (ST; $41.71; E/W) are still up 17% since announcing on 4/29 that it entered into Cooperation and Information Sharing Agreements with Elliott Investment Management and that CEO Jeff Cote would step…

CLS: Expect Q2 Print to Prove Another Positive Catalyst

We reiterate our Outperform and raise our target from $65 to $75 on the shares of Celestica (CLS; $63.27) ahead of its Q2 results, scheduled for next Wednesday (7/24 after market). Admittedly, our basis for…

FLEX: Undervalued Into Earnings

We reiterate our Outperform rating and $40 target on the shares of Flex (FLEX; $31.82) ahead of its FQ1E (Jun) results and outlook, which are scheduled for next Wednesday (7/24 before market). More to the…

TEL: Looking for Healthy Upside

We reiterate our Outperform and raise our target from $175 to $180 on the shares of TE Connectivity (TEL; $159.03) ahead of the company’s FQ3 (Jun) results and outlook, which are scheduled for next Wednesday…

APH: Looking for More Valuation Support with Q2 Print

We assume Amphenol (APH; $70.10; E/W) at least extends its recent “beat and meet” streak when it reports Q2 results and provides Q3E guidance next Wednesday (7/24 before market) given that we think the supply…

WDC: Valuation Should Help with FQ4 Expectations Game

We reiterate our Outperform and $100 target on the shares of Western Digital (WDC; $77.22) ahead of its FQ4 (Jun) results and outlook, which are scheduled for Wednesday, July 31st (after market). Most importantly, we…

STX: Trends Should Look Fresh, Albeit Against Stale Consensus

We think underlying fundamentals behind Seagate’s (STX; $109.10; E/W) positive FQ4 (Jun) guidance update last month should comfortably support our and Street’s F2025E (Jun) forecasts, especially when it comes to gross margins, when it reports…

Some Regulatory Rumblings

This morning, Bloomberg is reporting that New York City’s Taxi and Limousine Commission (TLC) is working on developing a stricter set of rideshare driver pay rules, which are expected to be introduced over the next…