Monty Rakusen/DigitalVision via Getty Images Summary Following my coverage of Xerox Holdings (NASDAQ:XRX) in January 2023, in which I recommended a sell rating as the business is still being challenged fundamentally and facing strong growth headwinds, this post is to provide an update on my thoughts on the business and stock. I reiterate my sell…
islander11 Summary Following my coverage on FactSet Research Systems (NYSE:FDS), which I recommended a hold rating given the downwards revision of guidance and a weakened selling environment, this post is to provide an update on my thoughts on the business and stock. I believe it is apparent at this point that FDS is not going…
niuniu/iStock via Getty Images Amphenol (NYSE:APH) has been one of my key holdings over the past decade. In my previous article in July 2023, I discussed their structural growth in 5G, factory automation, semiconductor manufacturing, and electric vehicles. Since then, the stock price has surged by approximately 30%. They experienced strong growth in defense and…
JulPo Since I published my initiation report in June 2023, Trane Technologies’ (NYSE:TT) stock price has surged by more than 56%. I pointed out their strong growth driven by decarbonization and electrification, as well as robust pricing power. They delivered 8.7% organic revenue growth and 21.4% adjusted operating profit growth in FY23. I admire their…
champc Investment thesis I’ve been following RCM Technologies (NASDAQ:RCMT) closely and I’ve written three articles about the company on SA. The latest of them was in November 2023 and back then I said that the valuation was starting to look stretched despite my expectations that EBITDA for the FY23 would surpass $20 million. I think…
bjdlzx Since I presented my ‘Buy’ thesis for Linde (NASDAQ:LIN) in my introductory article, the stock price has surged by more than 25%. The company released their Q4 FY23 result on February 6th, delivering 4% underlying revenue growth and 13.6% of adjusted profit growth. I reiterate ‘Buy’ rating for Linde with a fair value of…
Michael Vi Overview I previously rated a buy rating for Yelp Inc. (NYSE:YELP) in September 2023 as I was bullish on the stock’s near-term outlook; in particular, I expected margin to continue expanding as revenue scales. Since then, the stock has moved up as I expected, reaching $48.99 at one point, which is near my…
sefa ozel NaaS Technology (NASDAQ:NAAS) is a leading charging solution provider, supporting charging station owners throughout the entire lifecycle of a station, from initial construction to operation and upgrades. At the initial building stage, NaaS offers offline services, including site selection, charging equipment procurement, engineering, procurement, and construction (EPC), as well as financing solutions to…
Yuichiro Chino/Moment via Getty Images Investment Action I recommended a hold rating for Dun & Bradstreet Holdings (NYSE:DNB) when I wrote about it the last time, as I am negative about the underperformance that DNB is showing relative to peers in both growth and margins. Based on my current outlook and analysis, I recommend a…
da-kuk/E+ via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a hold for Paycom (NYSE:PAYC), as I became uncertain about the near-term future of the business, given that the growing adoption of BETI is expected to cannibalize growth. I am reiterating my hold rating as various headwinds…
sinology/Moment via Getty Images STMicroelectronics (NYSE:STM) reported their Q4 results on January 25th. In my previous coverage, I presented a ‘Strong Buy’ thesis, emphasizing their robust automotive silicon carbide growth despite a sluggish personal electronics market in FY23. Considering the anticipated challenges in the industrial sector for FY24, I view it as a transition year…
Vithun Khamsong/Moment via Getty Images Parker-Hannifin (NYSE:PH) is a diversified industrial manufacturer specializing in motion and control technologies for mobile, industrial, and aerospace markets. They reported Q2 FY24 results on February 1st, raising their full-year outlook for margin and EPS. With the stock price deemed fairly valued, I recommend a ‘Hold’ rating, setting a fair…
fotostorm Investment action I recommended a hold rating for AppLovin (NASDAQ:APP) when I wrote about it the last time, as I was worried about a potential pullback after a strong rally as the market seemed to have elevated expectations for the stock. Based on my current outlook and analysis on APP, I recommend a hold…
molchanovdmitry Investment overview I give a hold rating to Vail Resorts (NYSE:MTN). While I am positive about the various aspects and implications of the Epic Pass program, I am holding off recommending a buy rating for MTN until the 2Q24 results. During which, I will be able to have a better view of how this…
primeimages Introduction In September, I wrote an article on SA about fruit and vegetable company Seneca Foods (NASDAQ:SENEA) (NASDAQ:SENEB) in which I said that the next two quarters could be challenging due to rising inventories and that high debt levels were starting to become a serious issue. On November 9, Seneca Foods released its financial…
piola666 I called out the near-term risk of China’s deterioration for Mettler-Toledo (NYSE:MTD) in my introductory article back in September. Mettler-Toledo posted a very weak Q3 FY23 result on November 9th, with a -5% decrease in revenue on a constant currency basis and a -3.7% decline in adjusted EPS year over year. I believe the…
sanfel The CY-Q3 Earnings Season for the restaurant sector has begun, and while it’s been a mixed start so far for casual dining with Dine Brands (DIN) disappointing, Brinker International (NYSE:EAT) was an exception. Not only did the company meet its expectations and enjoy its fourth consecutive quarter of outperformance vs. the industry at its…
goc/iStock via Getty Images Overview My recommendation for Nordstrom (NYSE:JWN) is a buy rating, as I believe sales trends are going to improve from here and that margins will see a similar positive trend supported by improving gross margin and cost management. The variance here vs. the market is that I expect JWN to grow…