In today’s briefing:
- History Could Repeat For Apple With A Hardware High
- ADEA: Undiscovered AI
- Elevance Health: A Critical Update (Rating Downgrade)
- The World Has a New No. 2 Copper Supplier – El Nino Effects Start to Sink In?
- GoDaddy Inc: Tapping Into The AI Market For Growth? – Major Drivers
- Hyatt Hotels Corporation: The New Extended Stay Offering Could Be A Game Changer? – Key Drivers
- McKesson Corporation: A Streamlined Portfolio After Recent Divestitures – Key Drivers
- PayPal Holdings Inc.: AI-Driven Innovations & TPV Growth Are A Positive Sign – Key Drivers
- Royal Caribbean Cruises Ltd.: Poised For An Improved 2023? – Key Drivers
- Teleflex Incorporated: New Launches & Other Key Drivers
History Could Repeat For Apple With A Hardware High
- Apple’s stock reached an all-time high ahead of the 2023 Worldwide Developer Conference.
- The company unveiled its mixed-reality headset, Apple Vision Pro, which could revolutionize communications and be a game-changer for the metaverse.
- McKinsey predicts that the headset could be a $5 trillion opportunity by 2030.
ADEA: Undiscovered AI
- ADEA could be the most under the radar artificial intelligence (“AI”) beneficiary through its patent portfolio related to hybrid bonding
- Hybrid bonding is expected to help usher the next generation of semiconductors to handle the growing need for speed and bandwidth with lower power consumption
- ADEA’s stock has been mainly valued on the free cash flow it is able to generate from its media patent portfolio with little value given to ADEA’s semiconductor patent portfolio
Elevance Health: A Critical Update (Rating Downgrade)
- Elevance Health, Inc. has been active in the M&A market with the divestiture of its life disability business and a “new markets” acquisition.
- However, evidence suggests that success is not guaranteed, according to the company.
- The company’s stock has been downgraded to a moderate buy.
The World Has a New No. 2 Copper Supplier – El Nino Effects Start to Sink In?
- El Nino effects start to sink in? During last week grain prices saw building up some momentum.
- The DSCI drought index also surged after many weeks of continuous declines.
- Nevertheless, we should actually see lots of rain during the summer in the US if we’ll see a classic El Nino.
GoDaddy Inc: Tapping Into The AI Market For Growth? – Major Drivers
- In the first quarter, GoDaddy drove double-digit growth in its Commerce and Applications segment, supported by 10% ARR growth in its Create and Grow products.
- The Core Platform revenue of GoDaddy was $698 million, with a strong normalized EBITDA margin.
- The newly managed WooCommerce store offering of GoDaddy replaced its old managed WordPress Commerce offering.
Hyatt Hotels Corporation: The New Extended Stay Offering Could Be A Game Changer? – Key Drivers
- Hyatt Hotels delivered a mixed set of results in its most recent quarter with revenues above Wall Street expectations but below-par earnings.
- Hyatt achieved significant net room expansions, with more than 5000 rooms added on a gross in the quarter.
- In the quarter, Hyatt completes its Dream Hotel Group acquisition.
McKesson Corporation: A Streamlined Portfolio After Recent Divestitures – Key Drivers
- McKesson managed an all-around beat in the last quarter, closing out a solid fiscal 2023 with full-year revenues of $277 billion and adjusted earnings per diluted share of $25.94.
- The core Pharmaceutical Distribution business supported growth in the U.S.
- Pharmaceutical segment, and they divested their European operations to streamline their portfolio.
PayPal Holdings Inc.: AI-Driven Innovations & TPV Growth Are A Positive Sign – Key Drivers
- PayPal had a successful quarter and managed an all-around beat as it experienced stronger-than-expected growth across its key financial metrics.
- The Total Payment Volume (TPV) from branded checkout significantly accelerated, while unbranded TPV growth also saw a notable increase.
- The company has made significant strides in upgrading its merchant and consumer experiences and is committed to executing cost-effectively and efficiently.
Royal Caribbean Cruises Ltd.: Poised For An Improved 2023? – Key Drivers
- Royal Caribbean delivered a solid result managed an all-around beat in the last quarter.
- For both ticket and onboard, solid demand for Caribbean itineraries is translated into advanced load factors at quite a better-than-expected pricing.
- Moreover, secular tailwinds continued benefitting Royal Caribbean, with consumers shifting spending and preferences from goods to experiences, resulting in strong travel and entertainment spend.
Teleflex Incorporated: New Launches & Other Key Drivers
- Teleflex had a strong start to 2023 with an all-around beat.
- For the first quarter, the revenues of Teleflex were $710.9 million, a year-over-year increase.
- Teleflex continues to benefit from its diversified portfolio and viewed strength across its largest product categories, including OnControl, balloon pumps, and complex catheters.
💡 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
