To: rimshot who wrote (96) | 11/16/2021 3:02:57 PM | From: rimshot | | | Qualcomm is now up 6% after saying it expects its addressable opportunity to grow from approximately $100 billion today to $700 billion in the next decade, as more devices become intelligently connected.
source- briefing.com
169.94 = the record intraday price high, prior to today's action
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To: rimshot who wrote (96) | 11/17/2021 1:03:45 PM | From: rimshot | | | QCOM - Qualcomm - JP Morgan Raises Qualcomm's Price Target to $225 From $200, Maintains Overweight Rating ==================================================================
Analysts at CFRA have summarized their opinion as follows:
We raise our 12-month target to $190 from $160 on a P/E of 16.2x our CY 23 EPS estimate of $11.71, slightly below peers.
We up our FY 22 (Sep.) EPS to $10.66 from $10.23 and FY 23 to $11.61 from $10.24. At its Analyst Event, we come away impressed with QCOM's diversification strategy (shift away from Apple given expected business loss in FY 23), as it aims to grow QCT sales by a mid-teens CAGR through FY 24 while QTL keeps its revenue/margin profile at elevated levels.
QCOM looks to do this by growing handset revenue at a 12% CAGR through FY 24, on share gain from China vendors (due to Huawei demise) and ongoing content growth from the shift to 5G (525M 5G phones in 2021, rising to 1.1B by 2024).
In autos, we note a $13B pipeline (sales to grow to $3.5B in 5 years and $8B in 10 years from $1B in FY 21) and 5-year CAGR of 36% for its SAM, led by telematics/connectivity and inclusion of ADAS/autonomy.
We see IoT growing at a 3-year CAGR of 17%, led by the metaverse and edge networking, among other verticals. |
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From: rimshot | 11/18/2021 9:24:05 AM | | | | M - Macy's is set to open higher today Nov. 18th than its 32.47 52-week intraday price high
( based on pre-market prints of 35.31 by 35.48 )
* EPS just reported
Kohl's is also strong following its EPS report
EPS just reported
Macy's weekly -
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To: rimshot who wrote (90) | 11/18/2021 9:28:25 AM | From: rimshot | | | NVDA - Nvidia - Analysts at CFRA have summarized their Nov. 18th opinion as follows:
We up our 12-month target to $350 from $330 on peer-premium P/E of 59.4x our FY 24 (Jan.) EPS view of $5.89 (up from $5.83).
We raise our FY 22 EPS estimate to $4.34 from $4.29 and FY 23's to $5.03 from $4.92.
NVDA posts Oct-Q EPS of $1.17 vs. $0.53, beating the $1.11 consensus.
Sales grew 50%, better than expected, led by an increase of 42% from gaming and 55% in data centers.
Professional visualization more than doubled (up 144%) while automotive rose 8%. Gross margin widened 260 basis points to 67%, more than we thought, on better mix.
We see momentum in gaming led by RTX GPU upgrades (about 1/4 of installed base) as well as growth from GeForce users (+14M gamers).
In data centers, we see growth from hyperscale customers (more than doubled), reflecting the ongoing adoption of Ampere architecture.
We come away more impressed by opportunities in the virtual world on both the hardware/licensing side and while shares appear expensive, NVDA's secular opportunities/addressable market is growing at a rapid pace. |
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To: rimshot who wrote (102) | 11/18/2021 9:38:07 AM | From: rimshot | | | NVDA - Nvidia - Nov. 18, Jefferies Adjusts NVIDIA's Price Target to $370 From $260, Reiterates Buy Rating
Raymond James Adjusts Price Target on NVIDIA to $365 from $225, Keeps Strong Buy Rating |
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To: rimshot who wrote (102) | 11/18/2021 9:51:16 AM | From: rimshot | | | NVDA daily chart updated shortly after the Nov. 18th open -
Wednesday's Nov. 17th total option volume of 44.0 million contracts resulted in net open interest growth of 4.17 million calls and 3.77 million puts.
Tesla (TSLA), NVIDIA(NVDA) , Lucid Group(LCID) and Apple(AAPL) saw the greatest growth.
Top five new positions opened include 48k Tesla (TSLA) 11/26 weekly 1000 puts, 31k Apple(AAPL) Nov-21 157.5 calls,
23k (HIVE) Mar-22 8 calls, 20k Baidu (BIDU) Dec-21 195 calls and 20k Disney (DIS) Jun-22 160 calls.
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From: rimshot | 11/18/2021 10:38:52 AM | | | | collection of five relative performance daily charts for selected S&P 500 sectors vs. SPY price action as the comparison of relative strength ...
cumulative percentage change in relative performance vs. its zero line is plotted since the April 1, 2021 close -
XLK - above the zero line, as of Nov. 18
stockcharts.com
XLF - below the zero line, as of Nov. 18
stockcharts.com
XLY - above the zero line, as of Nov. 18
stockcharts.com
XLV - below the zero line, as of Nov. 18
stockcharts.com
XLI - below the zero line, as of Nov. 18
stockcharts.com |
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To: rimshot who wrote (102) | 11/18/2021 10:54:20 AM | From: rimshot | | | NVDA - Nvidia - BofA Securities Raises NVIDIA's Price Objective to $375 From $340, Citing 'Supply Commitments; Buy Rating Kept
repeated -
Jefferies Adjusts NVIDIA's Price Target to $370 From $260, Reiterates Buy Rating
Raymond James Adjusts Price Target on NVIDIA to $365 from $225, Keeps Strong Buy Rating |
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To: rimshot who wrote (102) | 11/18/2021 11:58:47 AM | From: rimshot | | | NVDA - Nvidia - excerpt from Barrons -
If such gains hold, it would be a record close and bring Nvidia's(NVDA) market value to about $808 billion. Shares are up about 148% year-to-date.
Raymond James analyst Chris Caso raised his price target to $365 from $225 and maintained a Strong Buy rating in a note following the earnings release on Wednesday.
He wrote that the graphics card maker crushed analyst expectations for its fiscal third quarter while its forecast for January quarter revenue of about $7.4 billion was even better. He points to an increasing supply and accelerating data center demand as positive signs.
"In the near-term, NVDA's revenue has only been constrained by supply, and increased supply availability -- and increasing supply is boosting revenue," Caso wrote. "Long-term commitments are intended to ensure supply increases moving forward, as they prepare for what's expected to a very robust datacenter spend from both cloud and enterprise customers in 2022."
The stock had a sky-high bar set in recent weeks by the company's surging valuation. Investors and analysts believe the metaverse will provide a multi-billion dollar opportunity for the company to supply chips to power virtual world graphics.
The company's Omniverse open platform, where designers and artists are able to collaborate virtually and create 3D worlds, has stoked even more metaverse excitement.
"Longer-term, the incremental opportunities from Omniverse and software are difficult to quantify since these are brand new markets," Caso wrote. But he pointed to artificial intelligence graphics processing units, which have become the base of a $10 billion business for Nvidia(NVDA). "We know the potential for these new markets are large, and that NVDA possesses leadership in these markets."
The shares are up despite concerns by the U.S. Federal Trade Commission about Nvidia's(NVDA) acquisition of chip designer Arm. Executives said during the company's earnings conference call that Arm licensees have expressed concerns about the deal.
Arm licenses its chip designs to big firms such as Apple(AAPL) and Amazon.com(AMZN) , which use the chips in mobile phones and computer processors. Nvidia CFO Colette Kress said the company is engaged in discussions with the FTC to address the regulator's concerns.
"While NVDA still expects to close the acquisition of Arm, the company prefaced its commentary by indicating some licensees have expressed concerns and regulators are taking a closer look at the deal," Wedbush analyst Matt Bryson wrote Thursday. "Again, we remain more skeptical that this deal will be approved by regulators."
Bryson maintained a Neutral rating and $300 price target. He said the company's fundamentals are "undeniably excellent" but has qualms with a growth multiple beyond 50 times his fiscal 2025 estimates for earnings.
Truist analyst William Stein raised his price target to $389 from $360 and maintained a Buy rating in a note following the report. He argued that Nvidia(NVDA) is the leader in semiconductor and software technology for artificial intelligence, which will drive structural growth. That, according to the analyst, warrants a higher multiple.
Oppenheimer analyst Rick Schafer wrote that the company casts a wide net in data center AI that is supporting some of the buzziest applications, such as image recognition, neuro-linguistic programming, and the metaverse.
"The GPU was initially used to create graphics for video games and film, " Schafer wrote, referring to Nvidia's(NVDA) graphics processing units. "Today, its parallel processing capabilities, supported by thousands of computing cores, are essential for deep learning AI algorithms in datacenters."
New Street Research analyst Pierre Ferragu wrote in a note on Thursday that the company saw strong demand in its gaming and data center businesses, but he doesn't see any near-term catalysts to justify raising his Neutral rating and $270 price target.
"We are buyers only on a material pull-back in the stock and in expectations," Ferragu wrote. |
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