In today’s briefing:
- EQD | SPX INDEX WEEKLY Supports After US Credit Downgrade
- Intel. PC Recovery Nigh As Incentives No Longer Required To Shift Client CPUs
- Teradyne Inc.: Can The New Archimedes Analytics Solution Be A Game Changer? – Key Drivers
- PTC Inc.: Will The Creo+ SaaS CAD Solution Catalyze Their Growth? – Key Drivers
- Quest Diagnostics: Can The Haystack Acquisition & The Enhancements To The Cancer Diagnostics Portfolio Give Them A Boost? – Key Drivers
- [ACM Research (ACMR US, BUY, TP US$30) Preview]: CXMT Order Volume Could Be Ahead of Expectations
- Tyler Technologies Inc.: Partnership With Carbyne & Other Major Developments
- eBay Inc.: Enhancing The Fashion Shopping Experience With The Certilogo Acquisition! – Key Drivers
- Fortive Corporation: Revolutionizing Facility Management for Multi-Unit Operators! – Key Drivers
EQD | SPX INDEX WEEKLY Supports After US Credit Downgrade
- The S&P 500 INDEX rally that started in October 2022 is currently encountering some turbulence, possibly due to various factors including the recent US credit downgrade by Fitch.
- The current WEEKLY pullback may be an opportunity to accumulate LONG position, buy& hold trade.
- The price area to buy where is between 4540 and 4332: probability of the uptrend resuming from there is between 50% and 75% based on current pattern readings.
Intel. PC Recovery Nigh As Incentives No Longer Required To Shift Client CPUs
- Q2’23 revenues of $12.9 billion, down 15% YoY but up ~10% QoQ and handily beating the guided midpoint of $12 billion.
- Q3 outlook for $13.4 billion at the midpoint, up 3.8% sequentially
- Mr Gelsinger envisages a centrino-like era of AI-enabled PCs, starting with Meteor Lake in H2’23. Is this realistic?
Teradyne Inc.: Can The New Archimedes Analytics Solution Be A Game Changer? – Key Drivers
- Teradyne delivered an all-around beat in the previous quarter.
- The company’s performance met expectations, but segment-wise, the test business showed more strength, while robotics faced challenges with softer demand.
- Teradyne also recently introduced the Teradyne Archimedes analytics solution, an open architecture that brings real-time analytics to semiconductor testing.
PTC Inc.: Will The Creo+ SaaS CAD Solution Catalyze Their Growth? – Key Drivers
- PTC Inc. delivered a mixed set of results in its most recent result, with revenues above Wall Street expectations but below-par earnings.
- The company’s top-line ARR growth showed resilience, solid performance across product groups and geographies, benefiting from cross-selling efforts, and improved sales productivity.
- A mix shift has driven margin expansion to higher-margin software, go-to-market improvements, R&D offshoring, and leveraging scale in a recurring subscription business.
Quest Diagnostics: Can The Haystack Acquisition & The Enhancements To The Cancer Diagnostics Portfolio Give Them A Boost? – Key Drivers
- Quest Diagnostics delivered a solid result and managed an all-around beat in the quarter.
- Quest Diagnostics remained focused on driving growth through specialized advanced diagnostics, acquisitions, and operational improvements.
- We give Quest Diagnostics Incorporated a ‘Hold’ rating with a revised target price.
[ACM Research (ACMR US, BUY, TP US$30) Preview]: CXMT Order Volume Could Be Ahead of Expectations
- We expect ACMR to report C2Q23 top-line and non-IFRS net profit in-line and 12.7% vs. consensus, respectively.
- Peers guided that a major ACMR customer, CXMT, made purchase orders greater than they had previously anticipated. We raised our FY23 revenue estimate by 2% to US$ 574mn.
- ACMR remains position to capture demand from export restricted local manufacturers. As a result, we maintain our BUY rating and US$ 30 TP.
Tyler Technologies Inc.: Partnership With Carbyne & Other Major Developments
- Tyler Technologies delivered a strong result and managed an all-around beat in the quarter.
- The company’s focus on cloud transition and recurring SaaS revenue proved successful, with SaaS revenues growing organically by 20% for the tenth consecutive quarter.
- Tyler Technologies Inc. showcased its success in the public safety market, achieving its best first-half sales performance since acquiring New World in 2015.
eBay Inc.: Enhancing The Fashion Shopping Experience With The Certilogo Acquisition! – Key Drivers
- eBay delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.
- Over the past three years, eBay’s tech-led re-imagination journey aimed to become the best global marketplace, focusing on products that provide value and meaningful customer choices.
- The management is working towards overhauling the user experience and design to offer personalized browsing experiences and are rapidly deploying AI-driven features like Magical Listing.
Fortive Corporation: Revolutionizing Facility Management for Multi-Unit Operators! – Key Drivers
- Fortive Corporation delivered a strong result and managed an all-around beat in the last quarter, showcasing its portfolio’s durability and the strength of its execution.
- The company achieved higher core growth, margins, earnings, and free cash flows.
- Their focus on building leading positions across customers’ critical connected workflows has paid off, demonstrated by the significant margins and expansion in adjusted operating margins.
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