All Reports

We reiterate our Outperform on the shares of Jabil (JBL; $69.22) as we bump up F2023E (Aug) EPS from $8.25 to $8.40 (+10% YoY) and adjust F2024E EPS from $9.00 to $9.20 (+10%) after FQ1…

Jabil (JBL; $72.60; O/P) reported FQ1 (Nov) “core” non-GAAP EPS of $2.31, which was ahead of our $2.25 and the Street’s $2.24 on sales of $9,635mm (vs. our $9,300mm and the Street’s $9,290mm). As per…

The shares of Lyft (LYFT; $11.89; O/P) and Uber Technologies (UBER; $27.47; O/P) have outperformed over the past week, including yesterday in a down market (+3% and +2%, respectively), which we find interesting into a…

Earlier this week (12/12), Lyft (LYFT; $11.60; O/P) announced in a blog post it will be offering drivers on its network easier access to electric vehicles (EVs) and charging infrastructure as part of a path…

We think recent news flow continues to point to healthy project activity around hydrogen refueling infrastructure as well as provide further evidence for the idea that hydrogen fuel cell electric vehicle (FCEV) technology is “taking…

We think recent news from privately-held FreeWire Technologies further supports the idea that the “long software revenue tail” embedded within charging hardware sales strategies is still not well appreciated by investors, especially as it provides…

This morning, Tritium (DCFC; $1.28; O/P) announced plans in a 6-K for a business update in the “latter half” of January, including an Analyst Day. Importantly, the company plans to host the meeting at its…

This morning, TE Connectivity (TEL; $122.86; E/W) announced that its Board approved a 5% increase in its quarterly dividend from $0.56 to $0.59 for the four quarters starting in April of C2023 or the start…

We reduce our Q4E and 2023E EPS for Aptiv (APTV; $93.46; E/W) to better account for recent vehicle production volatility in China, the “long tail” of semiconductor constraints, plus YoY currency headwinds while further de-risking…

We expect FQ1 (Nov) results from Jabil (JBL; $71.72; O/P) at least living up to Street expectations and see management reiterating F2023E (Aug) guidance when it reports next Thursday (12/15 before market). However, we would…

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…