All Reports

We believe the recent 24% decline in the shares of Sanmina (SANM; $201.87; O/P) is likely to prove well overdone when the company reports FQ3 (Jun) results and guidance next Monday (7/27 after the close)….

This morning, Molex, a wholly owned subsidiary of privately held Koch Industries and one of the world’s largest makers of interconnect products, announced a massive long-term supply agreement with Prysmian (PRYMY; $72.69; NR) that we…

We expect Benchmark Electronics (BHE; $78.45; O/P) to produce Q2 results and guidance, which are scheduled for July 29th (after market close), that impress investors in terms of both top line momentum and operating margin…

Yesterday, Uber Technologies (UBER; $74.03; O/P) announced it “crossed the finish line” in its well-publicized pursuit to acquire Delivery Hero (DHER.DE; €38.20; NR), which we were surprised to see be met with limited enthusiasm by…

The shares of TE Connectivity (TEL; $200.98; O/P) are now down 18% from recent highs set back in mid-April to only 16X our C2027E EPS (vs. its C2019-2025 average of 16-20X), which we think reflects…

We think the generally robust stock price performance across our supply chain coverage during H1 of C2026 makes for an especially difficult setup into CQ2 EPS season. We think this is even after considering the…

We are raising our 2026/2027E EPS from $3.10/$3.75 to $3.20/$4.20 on Corning (GLW; $183.38; E/W) ahead of the company’s Q2 results and guidance, which are scheduled for July 28th (before market open). Our higher EPS…

We believe last week’s news that Jabil (JBL; $330.29; O/P) plans to invest $119mm+ in a new manufacturing facility in Marshall County, Mississippi highlights how the holistic services strategy of its Intelligent Infrastructure business (~50%…

We think last week’s news that Flex (FLEX; $135.80; O/P) entered into an expanded manufacturing partnership with Cerebras Systems (CBRS; $215.08; NR) further highlights to us how the company’s Cloud & Power Infrastructure portfolio (CPI;…

We believe the recent 30%+ decline in the shares of TTM Technologies (TTMI; $152.80; O/P) proves a major buying opportunity for investors given what we believe is the still rising scarcity value of the company’s…

Yesterday (7/8), Lyft (LYFT; $15.17; O/P) announced plans to acquire Serveo’s bikeshare business in Spain, which runs the operations of bikeshare systems in Barcelona, Bilbao, Valladolid, and Zaragoza (22K shared bicycles). The transaction should be…

We raise our rating from Equal-Weight to Outperform and establish a target of $130 on the shares of Belden (BDC; $105.84). The stock is now down 30% from its 52-week high, set back in mid-February,…

We believe “data center politics” in the U.S. are increasingly worth monitoring by supply chain investors, especially with mid-term elections on the horizon for four months from now and what seems to be shifting views…

We reiterate our $200 target, which continues to be based on a sum-of-the-parts (SOTP) analysis, and Outperform on the shares of Flex (FLEX; $136.85) after hosting investor meetings for management in New York last Tuesday…

We are raising our price target to $2,750 on the shares of Sandisk (SNDK; $2,055.86; O/P) as we increase our F2026/2027E EPS from $63/$160 to $64/$180 to be more current with recent NAND pricing dynamics…