This morning, bp (BP; $34.10; NR), which we believe to be a “top five” customer of Tritium’s (DCFC; $1.07; O/P) announced it signed an exclusive agreement to install and operate direct current (DC) fast chargers…
This morning, Motional, which is Aptiv’s (APTV; $97.79; E/W) joint venture with Hyundai Motor Group (005380.KR; W163,000; NR) announced the launch of its previously disclosed Automated Mobility on Demand (AMoD) service on Uber Technologies’ (UBER;…
This morning, Mobileye Global (MBLY; $32.34; NR) further confirmed that Q3 sales were in line with its pre-IPO outlook as part of releasing a full set of quarterly results that also included adjusted operating profits…
On Friday (12/2), Uber Technologies’ (UBER; $28.50; O/P) Freight business (22% of 2022E sales) announced it is expanding on an existing pilot autonomy program with Aurora Innovation (AUR; $1.36; NR) through a new commercial lane…
We take a “stab” at further reducing sales, gross margin and EPS estimates for Micron (MU; $53.64; E/W) off the latest wave of bad fundamental news, as per the company’s recent decision to cut DRAM…
We think FQ3 (Oct) results and FQ4E (Jan) guidance from ChargePoint (CHPT; $12.19; O/P) generally lived up to expectations, albeit with a relatively small interim issue related to “getting product out the door”. This was…
Yesterday (11/30), DoorDash (DASH; $56.87; E/W) announced it is reducing global headcount by ~1,250 people or ~7% of total employees, which we think is weighted toward eliminating redundancies and management layers amongst more expensive jobs…
We continue to see evidence that our well-established investment theme around global manufacturing re-shoring is still early stages when it comes to the electronics manufacturing service (EMS) providers we follow (“In Unchartered Territory; Launch on…
This morning, Corning (GLW; $33.21; E/W) announced its latest cover glass advancement with the launch of Gorilla Glass Victus 2, which is based on a new glass composition that offers better drop performance vs. its…
We are reducing our F2023E (Apr) EPS from $5.50 to $5.40 (+2% YoY) and F2024E EPS from $6.05 to $5.70 (+5% YoY) for NetApp (NTAP; $71.79; E/W) after the company delivered a “beat and lower”…
NetApp (NTAP; $71.79; E/W) reported FQ2 (Oct) non-GAAP EPS of $1.48, which was ahead of our $1.34 and the Street’s $1.33, albeit helped along by ~$0.10 of benefits from non-operating items relative to our modeling…
We are making some further cuts to our F2024E (Jan) EPS for Dell Technologies (DELL; $43.58; E/W), from $6.50 to $6.10 (-19% YoY), to better consider ongoing competitive pressures we expect to continue across the…
We expect FQ3 (Oct) results and outlook from ChargePoint (CHPT; $11.51; O/P), which are scheduled for Thursday (12/1 after the close), to provide healthy fundamental support for a stock price that has been under pressure…
Our pricing checks on the Wednesday before Thanksgiving (11/23) of popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models provided some evidence that promotional activity during the holiday selling season could…
We checked retail prices last week (11/23) on hard disk drives (HDDs) and solid-state drives (SSDs) for the first time since May. Based on our latest survey work, we believe HDD retail prices are down…