In today’s briefing:
- MCDONALD’S CORP – Equity Research Flash Note
- Cisco: It’s The Opposite Of A Dot-Com Moment
- CATERPILLAR INC. – Equity Research Flash Note
- Technical Analysis on NETFLIX INC.
- Vulcan Materials Company: Initiation of Coverage – Key Drivers & Growth Outlook
- Williams-Sonoma Inc.: Initiation of Coverage – Business Drivers & Key Developments
- Joint Development Agreement with Global Battery OEM Builds on Recent Battery Achievements
MCDONALD’S CORP – Equity Research Flash Note
- Our estimations for 2022 annual revenue range around €22,982 million and for 2023 around €23,696 million.
- The company’s annual revenue reached €23,223 million in 2021 compared to €19,208 million in 2020, posting an in- crease by 20.9%.
- McDonalds’ gross profit for 2021 was €12,580 million, increased by 29% compared to the €9,752 million for the corresponding period of 2020.
Cisco: It’s The Opposite Of A Dot-Com Moment
- The company ranks very high in terms of capital allocation prudence and this is going to serve long-term shareholders well.
- Cisco’s stock appears conservatively priced given the company’s strategic positioning and the ability to improve margins.
- Cisco appears increasingly attractive as market liquidity conditions normalize, says analyst.
CATERPILLAR INC. – Equity Research Flash Note
- Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
- The Company operates through its three primary segments: Construction Industries, Resource Industries and Energy & Transportation.
- It also provides fi- nancing and related services through its Financial Products segment.
Technical Analysis on NETFLIX INC.
- Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages.
- The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
- It also provides DVDs-by-mail membership services in the United States.
Vulcan Materials Company: Initiation of Coverage – Key Drivers & Growth Outlook
- This is our first report on Vulcan Materials Company, a renowned producer, distributor, and seller of construction materials.
- Vulcan’s last quarter was a major disappointment as it failed to meet the revenue expectations as well as the earnings expectations of Wall Street.
- We initiate coverage on the stock of Vulcan Materials Company with a ‘Hold’ rating.
Williams-Sonoma Inc.: Initiation of Coverage – Business Drivers & Key Developments
- This is our first report on Williams-Sonoma, a major specialty retail company that sells home furnishing and kitchenware in the U.S.
- The company has been facing a difficult operating environment and delivered a mixed result in the last quarter.
- Net revenues increased to $2.2 billion, with comparable brand revenue growing at an 8.1% rate for 2-year and 3-year comps of over 25% and 50%, respectively.
Joint Development Agreement with Global Battery OEM Builds on Recent Battery Achievements
- META announced a Joint Development Agreement (JDA) with a confidential global battery OEM for its NPORE® battery separator materials.
- The company is partnering with a top 10 battery OEM to jointly develop and adapt NPORE as a battery separator solution.
- Details were limited given the confidential nature of the JDA, but we will look for updates on the upcoming 4Q earnings call.
💡 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
