Fox Tracks: Retail LCD TV Pricing Survey

On “Cyber Monday” (12/1), we checked prices on a range of popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models from LG, Samsung and Vizio by pulling publicly available prices from…

A Changing State of Cloud Play in EMS

We believe recent news flow highlights how investment drivers across the electronics manufacturing services (EMS) industry should prove increasingly dynamic next year. To that end, we point to the recent announcement of a new partnership…

DASH: Refining Our Model

We are adjusting our 2026E adjusted EBITDA for DoorDash (DASH; $198.37; E/W) from $3.325B (2.6% of GOV) to $3.425B (2.6% of GOV vs. 2.7% in 2025E and 2.4% in 2024) to better consider the recent…

NTAP: Post A Solid Beat and Raise

We are bumping up our F2026/F2027E (Apr) for NetApp (NTAP; $111.48; E/W) from $7.75/$8.50 to $7.90/$8.65, which now assumes average EPS growth of 9% YoY, after the company produced a solid FQ2 (Oct) “beat and…

DELL: A Rubik’s Cube of a Modeling Exercise

We raise our F2026/F2027E (Jan) EPS for Dell Technologies (DELL; $125.92; E/W) from $9.50/$11.00 to $10.00/$11.70 after it produced a healthy FQ3 (Oct) “beat and raise” that was again led by robust AI server demand…

Still Solid European Vehicle Demand

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of October, which was basically in line with MoM seasonal patterns, albeit with some positive battery electric vehicle…

Looking Into the Arch of Cloud Demand

Earlier this week, we spent a day in St. Louis at the SC25 conference where we sat in on a few presentations, walked the trade show floor, and spoke with various managers from leading power…

TEL: Investor Day Highlights Positive Secular Inflection Points

We reiterate our Outperform rating and $290 price target on the shares of TE Connectivity (TEL; $213.78) after attending the company’s Investor Day yesterday (11/20) in Philadelphia where we heard presentations from a range of…

VRT: Highlights from SC25 Booth Tour

Yesterday (11/18), we attended the SC25 conference in St. Louis, MO where we toured Vertiv Holdings’ (VRT; $164.86; E/W) trade show booth that included some remarks from CEO Giordano Albertazzi. We also sat in on…

APTV: Investor Day Highlights a Range of Value Creation Opportunities

Yesterday (11/18), we attended Aptiv’s (APTV; $75.77; E/W) Investor Day in New York where we heard presentations from and chatted with key leaders across the company including from a soon to be separated Electrical Distribution…

NTAP: Our Major Considerations into FQ2 Print

We are generally comfortable with our estimates for NetApp (NTAP; $108.42; E/W) ahead of its FQ2 (Oct) results and outlook, scheduled for next Tuesday (11/25 after market). We think recent enterprise storage spending trends have…

DELL: All Eyes on Margins with FQ3 Print

We expect Dell Technologies (DELL; $127.55; E/W) to produce some solid top line upside with its FQ3 (Oct) results and outlook, scheduled for next Tuesday (11/25 after market). However, we think the Street will be…

LYFT: More Reasons to Believe; Raise Target to $30

We reiterate our Outperform and raise our target from $28 to $30 on the shares of Lyft (LYFT; $23.14) after hosting an investor meeting last Wednesday (11/12), with Erin Rheaume, Senior Director of IR, at…

Supply Chain Inventories Still Look Under Control

Our latest look at aggregate inventories up and down the supply chain after CQ3 EPS season suggested another quarter of general improvements. Specifically, our survey across OEMs, component makers, electronics manufacturing service (EMS) providers and…

JBL: Improving Its Supply Chain for Battery Storage

Earlier this week, Jabil (JBL; $201.25; O/P) announced it is expanding on its strategic partnership with Inno, which is a metal parts manufacturer, to manufacture battery energy storage system (BESS) enclosures from a new facility…