All Reports

Yesterday, Lyft (LYFT; $14.02; O/P) and Uber Technologies (UBER; $72.44; O/P) reached an agreement with the Massachusetts State Attorney General’s office to set a minimum wage standard and offer a range of benefits for rideshare…

We raise our F2024/F2025E (Aug) EPS for Micron (MU; $142.36; O/P) from $0.90/$8.45 to a more than reasonable $1.20/$8.75, especially when it comes to pricing power and sales mix, after the company produced a solid…

Micron Technology (MU; $142.36; O/P) reported FQ3 (May) non-GAAP EPS of $0.62, which beat our consensus matching $0.48 on higher-than-expected sales ($6,811mm vs. our $6,625mm and consensus of $6,669mm). Recall, Micron called for FQ3 sales…

The shares of Aptiv (APTV; $66.02; O/P) have been extremely volatile YTD, including big swings between the mid-$80’s and a bottom ~$70, which was firmly punctured today on questions about the company’s software veracity (10-15%…

We think a wide range of recent news flow out of Uber Technologies (UBER; $70.35; O/P) generally supports the idea that the company can continue to generate healthy operating leverage, led by its Mobility offering…

This morning, Aurora Innovation (AUR; $2.48; NR) and Uber Technologies’ (UBER; $71.79; O/P) Freight division announced an expansion of its three-year commercial pilot with the launch of Premier Autonomy, which is a newly formed program…

We think recent news flow out of Maplebear, doing business as Instacart (CART; $32.00; E/W), provides further support for longer term operating leverage available to the company from its high-margin advertising business, albeit in the…

DoorDash (DASH; $110.70; E/W) recently disclosed it expanded on-demand alcohol delivery services with the addition of several grocers and liquor stores, including brands under the Ahold Delhaize banner, as it also introduced a new suite…

Last night, Hyzon Motors (HYZN; $0.36) announced it has started realigning the company’s strategic priorities to better focus on “core” North American Class 8 and refuse fuel cell electric vehicle (FCEV) platforms after a comprehensive…

Yesterday, the European Automobile Manufacturers Association released car registration data from the region for the month of May, which was somewhat below seasonal trends including some weaker battery electric vehicle (BEV) registration trends that should…

We leave our F2024E (Aug) EPS for Jabil (JBL; $111.79; O/P) at $8.40 (-3% YoY) but lower F2025E EPS from $10.00 to $8.80 (+5% YoY) after FQ3 (May) lived up to Street expectations and management…

Jabil (JBL; $126.23; O/P) reported FQ3 (May) “core” non-GAAP EPS of $1.89, which was ahead of our consensus matching $1.85 on some sales upside ($6,765mm vs. our $6,500mm and the Street’s $6,525mm). Recall, JBL’s FQ3…

We raise our target on the shares of Micron (MU; $153.45; O/P) to $185 ahead of the company’s FQ3 (May) results and outlook, scheduled for next Thursday (6/26 after market). We believe recent supply chain…

We raise our post-stock split 2024/2025E EPS for Amphenol (APH; $68.80; E/W) from $1.70/$1.85 to $1.75/$1.97 for the recently completed acquisition of Carlisle Companies’ (CSL; $412.96; NR) Interconnect Technologies business or CIT as well as…

We are raising our rating on the shares of Corning (GLW; $37.25) from Equal-Weight to Outperform and set a $45 target after joining an extensive facility visit to its Sullivan Park Research & Development campus…