In today’s briefing:
- Intel Q1’23 Earnings Review. No Surprises But Pay Attention To The Gross Margin Story
- Weekly Stock Bullfinder – Week of 5/1
Intel Q1’23 Earnings Review. No Surprises But Pay Attention To The Gross Margin Story
- Q1’23 revenues of $11.7 billion, down 37% YoY and 16.5% sequentially. It was the company’s first earnings beat since Q1’22.
- Forecasts Q2’23 revenue of $12 billion at the midpoint, with non-GAAP gross margins sliding a further 0.9 points to 37.5%
- Annual GAAP GM has fallen from 61.4% in 2018 to 42.3% in 2022. But why?
Weekly Stock Bullfinder – Week of 5/1
- When considering future investment opportunities, the renewable energy transition continues to be an exciting space to investors given its enormous potential total addressable market coupled with climate change legislation that is acting as a tailwind in virtually every G-20 country.
- Almost every month, there continues to be a steady drumbeat of new rules issued locally and across the globe which results in faster timelines to transition to battery storage and other clean energy as well as tighter restrictions to ultimately phase out traditional gas powered transportation and coal power.
- For example, while California has already passed rules requiring all new cars, pickup trucks and SUVs sold to be electric or hydrogen by 2035, California approved rules last week which will require all new medium heavy-duty truck and bus sales sold in the state in 2036 to be zero-emission
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
