All Reports

The shares of Benchmark Electronics (BHE; $27.19; O/P) are +31% off 2023-lows on 5/9 (vs. +11% for the S&P 500) but still only up 2% YTD (vs. +20% for the S&P 500) ahead of Q2…

We continue to view Amphenol (APH; $85.31; E/W) as a “best in class” company across our entire supply chain coverage. Nevertheless, we think the stock is vulnerable to a negative reaction with its Q2 results…

This morning, Mobileye Global (MBLY; $43.84; E/W) announced the launch of its Intelligent Speed Assist (ISA) software, which is designed for the company’s EyeQ System-on-Chip (SoC) platform. This software, which just completed full testing and…

Yesterday, we sat in on Dell Technologies’ (DELL; $54.98; E/W) “Ask the Experts” Q&A call with Jeff Clarke, Vice Chairman and co-COO, John Roese, Global Technology Officer, and Jeff Boudreau, President, Infrastructure Solutions Group. The…

We think a now more predictable auto supply chain (40-45% of sales) can go a long way towards finally putting a floor on EPS expectations for TE Connectivity (TEL; $142.77; E/W), when it reports FQ3…

We reiterate our Outperform on the shares of Flex (FLEX; $28.21; O/P) ahead of FQ1 (Jun) results and outlook, scheduled for next Wednesday (7/26 after market). We think new program momentum in Flex’s higher margin…

We think the shares of Sensata (ST; $45.47; O/P) still look oversold to us ahead of its Q2 results and outlook on July 25th (after market). The stock is down 16% from its recent high…

We are reducing our FQ4 (Jun) and F2024E (Jun) EPS for Seagate (STX; $61.57; E/W) ahead of the company’s release of full FQ4 results on July 26th (after market). Recall, STX warned at an investor…

The shares of Corning (GLW; $33.56; E/W) were -6% on Friday (7/14) on rising concerns over the prospects for broadband and wireless infrastructure spending, which jibed with our own warnings (“Reducing Estimates”; 5/24). Most notably,…

We expect Q2 EPS season from our tech supply chain coverage to highlight a return of more traditional summer seasonal pressures we think are not fully reflected in the Street’s Q3E estimates in many instances. This…

This morning, Lucid Group (LCID; $7.16; O/P) announced it delivered 1,404 vehicles (flat QoQ) during Q2 while producing 2,173 vehicles (-6% QoQ) at its manufacturing facility in Casa Grande, Arizona. By comparison, we were modeling…

This morning, Domino’s Pizza (DPZ; $349.79; NR) announced a new global agreement with Uber Technologies (UBER; $44.36; O/P), which allows its customers, initially just from the U.S., to order from the pizza delivery chain through…

This morning, Uber Technologies (UBER; $44.04; O/P) announced a partnership with RideCo, which opens up further possibilities for the company to expand its user base while better monetizing its current network. To that end, Uber…

The shares of Lucid Group (LCID; $7.93; O/P) have now rallied 43% from around record lows since it announced a long-term technology supply agreement with Aston Martin Lagonda (AML.GB; £3.34; NR) on June 26th (“First…

We think the most recent “go public” news from Turo, which is the world’s largest peer-to-peer carsharing marketplace, further highlights a still underappreciated range of opportunities for Uber Technologies (UBER; $42.94; O/P) to increasingly monetize…