All Reports

We think investor “hand wringing” has basically reached peak levels towards Lyft (LYFT; $20.20; O/P) and Uber Technologies (UBER; $81.47; E/W) when it comes to the threat of autonomous rideshare disrupting their own network growth…

This afternoon, the U.S. Federal Trade Commission (FTC) announced that Maplebear d/b/a Instacart (CART; $44.95; E/W) has agreed to pay $60mm in refunds to consumers to settle allegations that the company deceived its customers with…

We have recently seen more examples of regulatory headlines that bear watching around Uber Technologies (UBER; $79.83; E/W), while keeping in mind that such news does seem to more generally “come and go” in terms…

This morning, Aptiv (APTV; $77.33; E/W) announced a partnership with Vecna Robotics, a logistics automation company, to co-develop next-generation autonomous mobile robots for use in warehouses and factories, as illustrated below. We think this announcement…

We are reducing our rating on the shares of Maplebear d/b/a Instacart (CART; $45.06) from Outperform to Equal-Weight. The stock is now up ~20% since we our upgrade back on 10/3 to a still reasonable…

We are raising our F2026/F2027E (Aug) EPS for Micron (MU; $225.71; O/P) from $17.75/$21.50 to a remarkable $34.00/$50.00 after its FQ1 (Nov) print produced the biggest “beat and raise” we have ever seen from the company…

Micron Technology (MU; $225.52; O/P) reported FQ1 (Nov) non-GAAP EPS of $4.78, which more than comfortably beat our recently raised $3.80 and the Street’s $3.96 on much better than expected sales ($13,643mm vs. our $12,775mm…

We bump up our target from $255 to $265 on the shares of Jabil (JBL; $214.95; O/P) and raise our F2026/F2027E (Aug) EPS from $11.00/$12.40 to $11.55/$13.00, for 15%+ average growth, after its healthy FQ1…

Jabil (JBL; $212.56; O/P) reported FQ1 (Nov) “core” non-GAAP EPS of $2.85, which beat our $2.67 and the Street’s $2.70 with some healthy sales upside ($8,305mm vs. our $8,000mm and the Street’s $8,031mm). Recall, JBL’s…

This morning, Sanmina (SANM; $146.01; O/P) announced plans to open a new manufacturing facility in Houston, TX, as part of the company’s ambitions to expand further into energy markets that are currently ~5% of total…

We think a series of recent supply chain data points further highlight how the Power Solutions business at Flex (FLEX; $68.27; O/P) should prove especially critical to several of the world’s largest cloud service providers…

Yesterday (12/11), we hosted a virtual investor meeting for Belden’s (BDC; $124.89; E/W) CFO Jeremy Parks and VP of IR, Aaron Reddington, which highlighted ongoing progress towards increasing the company’s mix of higher margin full…

We raise our F2026/F2027E (Aug) EPS for Micron (MU; $263.71; O/P) from $16.50/$18.00 to $17.75/$21.50 ahead of its FQ1 (Nov) print, scheduled for next Wednesday (12/17 after market), predominantly to reflect its much more favorable…

We reiterate our Outperform on the shares of Jabil (JBL; $229.97) ahead of the company’s FQ1 (Nov) print and outlook, scheduled for next Wednesday (12/17 before market). We believe management set the bar reasonably for…

The shares of Lyft (LYFT; $20.46; O/P) and Uber Technologies (UBER; $84.37; E/W) continue to be “whipsawed”, both up and down in our view, by the latest news on the autonomous rideshare front. Specifically, we…