We reiterate our $180 target and Outperform on the shares of Amphenol (APH; $145.54; O/P) ahead of its Q1 results and guidance, scheduled for April 29th (before market). We expect some broadly positive organic growth…
We reiterate our Outperform and $290 target on the shares of TE Connectivity (TEL; $236.88) ahead of its FQ2 (Mar) results and guidance, scheduled for next Wednesday (4/22 before market). From our seat, TEL shares…
We think near-term prospects for the shares of Vertiv (VRT; $310.51; E/W) are best considered from a more holistic point, considering its upcoming Q1 print, scheduled for April 22nd (before market), plus the company’s Investor…
We think investors should generally expect favorable Q1 results and guidance from the tech supply chain during CQ1 EPS season. Although, we think it reasonable to question, across a range of markets, if the ongoing…
We think this week’s news that Volkswagen’s (VOW.DE; €91.45; NR) MOIA America and Uber Technologies (UBER; $71.81; E/W) are starting on-road autonomous validation of Volkswagen’s ID. Buzz vehicles is another supportive data point for Mobileye’s…
This morning’s Shareholder Letter from Amazon’s (AMZN; $233.65; NR) CEO Andy Jassy, highlighted how the company continues to pursue multiple paths in pursuit of building out a full-fledged on-demand grocery delivery service, which we think…
We do not think it’s an “accident” that most electronics manufacturing services (EMS) stocks we follow are trading right around 52-week highs even in the face of what our checks suggest is heightened levels of…
We initiate coverage of the shares of Versigent (VGNT; $28.34) with an Outperform and $35 target given our belief that the stock looks like a mispriced asset after being spun out by Aptiv (APTV; $60.63;…
Yesterday, Uber Technologies (UBER; $72.55; E/W) added to a recently long string of robotaxi announcements of the past five weeks or so, starting with the formal launch of its Uber Autonomous Solutions offering in late-February…
This morning, Flex (FLEX; $60.76; O/P) announced it was adding to its critical power portfolio with a definitive agreement to acquire Electrical Power Products (EPP) for $1.1B in an all cash transaction, which is before…
This morning, Uber Technologies (UBER; $69.46; E/W) announced an agreement to acquire Blacklane, which was founded in 2011, a chauffeur service provider that operates on a global basis. Uber did not disclose any financial details…
We think last week’s sharp decline in the shares of Micron (MU; $357.22; O/P) and SanDisk (SNDK; $615.83; O/P), down 16% and 13% respectively, proves a buying opportunity in coming weeks. SanDisk is also down…
The shares of Sanmina (SANM; $130.90; O/P) are down 28% over the past two months or back to where the stock was when the company completed the acquisition of ZT Systems’ data center infrastructure manufacturing…
This morning, Uber Technologies (UBER; $72.15; E/W) announced yet another autonomous driving partnership that we think highlights the company’s global scale and network advantages. Specifically, Uber is entering a strategic partnership with Pony AI (PONY;…
This morning, SanDisk (SNDK; $655.00; O/P) entered into a private placement agreement with Nanya Technology (2408.TW; NT$226.50; NR) in which it agreed to purchase ~139mm shares of Nanya common stock for ~$1B based on ~15%…