In today’s briefing:
- AMD Q323. MI300 >$2 Billion in 2024
- Fed Watch: Why Should the Fed Abandon the Planned Year-End Hike?
- PACCAR Inc: Does The Battery Revolution Imply A Possible Investment Opportunity? – Major Drivers
- Waste Management: Recycling Tech Transforms Business! Inside their Next-Gen Sustainability Approach! – Major Drivers
- General Electric Company: A Lucrative Strategy Of Future-Proof Investments Revealed! – Major Drivers
- Illinois Tool Works Inc.: Surge in China’s Automotive Segment – Unveiling Recent Big Winners! – Major Drivers
- 3M Company: How They’re Dominating the Market! – Major Drivers
- Marsh & McLennan Companies: String Of Recent Acquisitions Driving Growth? – Major Drivers
- The Sherwin-Williams Company: Acquisition Game-Changer! How Oskar Nolte & Klumpp Coatings Set the Stage for Future Wins! – Major Drivers
- Southern Copper Corporation: Can It Defy The Odds? – Major Drivers
AMD Q323. MI300 >$2 Billion in 2024
- Q323 revenues of $5.8 billion, $100 million above midpoint, up 7.5% QoQ and up 4% YoY. Net income of $299 million, significantly up from $27 million in the second quarter.
- Forecasted Q423 revenues of $6.1 billion at the midpoint, up ~5% QoQ
- MI300 forecasted to hit > $2 billion in 2024 making it the fastest product ramp to $1 billion in the company’s history
Fed Watch: Why Should the Fed Abandon the Planned Year-End Hike?
- Welcome to our short and sweet Fed preview.
- No one expects policy action from the Fed this week, but Powell could decide to reiterate that the dot plot remains intact given the most recent information received.
- We doubt that Powell will bring about a strong guidance for a December hike, but unless the wheels come off, it’s very likely that they will be tempted to deliver that hike come December.
PACCAR Inc: Does The Battery Revolution Imply A Possible Investment Opportunity? – Major Drivers
- PACCAR managed to surpass the revenue and earnings expectations of Wall Street, with net income surging by 60% year-over-year to a historic $1.23 billion, accompanied by a 23% increase in revenues.
- PACCAR Parts also played a pivotal role in the company’s success, with third-quarter revenues reaching $1.58 billion and Parts pretax profits increasing by 10% to $412 million.
- PACCAR Financial achieved an impressive pretax income of $134 million in the financial sector in the third quarter.
Waste Management: Recycling Tech Transforms Business! Inside their Next-Gen Sustainability Approach! – Major Drivers
- Waste Management delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus regarding earnings.
- The solid waste business was the driving force behind this achievement, with organic revenue growth in collection and disposal aligning well with expectations.
- The resilience of solid waste volumes, with positive trends in commercial volumes and special waste growth, stood out.
General Electric Company: A Lucrative Strategy Of Future-Proof Investments Revealed! – Major Drivers
- General Electric Company delivered an all-around beat in the previous quarter.
- Orders increased by double digits, with services up by 15% and equipment up by 22%, driven primarily by the commercial aerospace sector.
- The aerospace segment, in particular, experienced substantial growth, with commercial engines and services leading the way.
Illinois Tool Works Inc.: Surge in China’s Automotive Segment – Unveiling Recent Big Winners! – Major Drivers
- Illinois Tool Works delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings.
- The company had relatively stable organic growth in the quarter, with a 2% increase on an equal-day basis.
- Operating margin for the third quarter reached 26.5%, marking a 200-basis point increase compared to the previous year.
3M Company: How They’re Dominating the Market! – Major Drivers
- 3M Company delivered an all-around beat in the most recent quarterly result.
- This success has positioned the company for a promising conclusion to the year 2023.
- The company also addresses potential risk and uncertainty by resolving significant litigation matters, such as Combat Arms and PFAS litigation.
Marsh & McLennan Companies: String Of Recent Acquisitions Driving Growth? – Major Drivers
- Marsh & McLennan Companies, Inc. managed to exceed the revenue and earnings expectations of Wall Street.
- The company achieved an unprecedented quarterly underlying revenue growth over two decades and reported substantial growth in adjusted EPS.
- Marsh McLennan Agency acquired Graham Company, a top-100 US insurance and benefits broker and risk management consultancy, bolstering the company’s Mid-Atlantic presence.
The Sherwin-Williams Company: Acquisition Game-Changer! How Oskar Nolte & Klumpp Coatings Set the Stage for Future Wins! – Major Drivers
- The Sherwin-Williams Company delivered a solid result and managed an all-around beat in the last quarter.
- In the third quarter, Sherwin-Williams’ Paint Stores Group exhibited commendable resilience, with a 3.6% increase in sales, despite a demanding 21.5% comparison.
- Within the Paint Stores Group, the Protective & Marine sector emerged as the fastest-growing, achieving double-digit percentage sales growth against a mid-teens comparison.
Southern Copper Corporation: Can It Defy The Odds? – Major Drivers
- Southern Copper Corporation delivered a strong result and managed an all-around beat in the last quarter, demonstrating resilience and adaptability.
- Copper, constituting a significant 75% of their sales, faced a marginal 9% decline in production, primarily due to diminished ore grades in the Cuajone mine.
- Amidst these challenges, Southern Copper remained proactive, predicting a 6% increase in copper production for the year 2023, aiming for 917,000 tons.
💡 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
