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These reports, cited and edited by Baron, were recently issued by investment and research firms. The reports are a sample of analysts’ thinking; Their baron’s opinion or recommendation should not be considered. Some reporting issuers are analyzing whether or not they have provided investment-banking or other services.
Walmart
NYSE
Bought • 17 May Price 148.21
By Guggenheim
Walmart reported consolidated earnings per share of প্রথম 1.30 per share in the first quarter, less than our estimate of 16 cents. It was a disappointing quarter, but we believe it [the May 17] Pullback presents a growing buy opportunity for long-term investors (shares were down 11% intraday, vs. 2%
SPDR S&P Retail
ETF).
Retailers report solid sales across all segments; We will be more concerned about these results if there is a sales problem with Walmart The combined gross margin was 87 basis points (US, 38 basis points below), much lower than we expected. [A basis point is 1/100th of a percentage point.] There were three major profit challenges this quarter: rapid and significant fuel-price increases, scheduling inefficiencies related to coward-affected labor, and higher supply-chain costs and inventory levels. Due. We are lowering our fiscal 2022/2023 EPS estimate from $ 6.75 / $ 7.25 to $ 6.40 / $ 7, as well as our price target of $ 175 (previously from $ 185).
JD.com
Nasdaq
Bought • 18 May Price 53.67
By Benchmark Research
JD.com delivered strong first-quarter results with a strong bottom-line beat, but indicated lower second-quarter growth, lower than expected, due to cowardly lockdowns and logistical disruptions. It is important to note that the quarter close to Covid remains the biggest variable for the JD’s growth outlook.
1) JD has continued market share with strong brand awareness and deeper brand / merchant partnerships, thanks to its supply-chain and logistical capabilities; And
2) JD has an elastic profit outlook, despite a [likely] Short-term revenue risks. The recent optimization of its operations and investments enables a weaker and more efficient organization. This potentially promises higher earnings-growth power once the normalized revenue growth returns. JD should be a relatively outperformer in China’s e-commerce space. We retrace our buy rating and lower our price target to 106 [from $117]Based on the evaluation of the sum of our parts.
Palo Alto Networks
Nasdaq
Outperform • 19 May Price $ 436.37
By BMO research
Palo Alto Network’s [fiscal third-quarter earnings] The report highlights a number of highlights that we believe will support stocks, even within a tape of turbulent technology, led by 40% year-over-year billing and FCF [free cash flow] Increase [The cybersecurity company] Over the next few years a high 20% FCF growth could be maintained. Furthermore, we believe that investors will prefer stocks with a valuation structure based on reasonable free cash flow multipliers rather than growth stories with weak margins / FCF. So, we’re comfortably reiterating our Outperform Rating and Top Pick title for Palo Alto. But we are lowering our target price [to $615 from $685 previously]Reflects the state of appraisal in the software market.
Analog device
Nasdaq
Outperform • 18 May Price 159.92
By Raymond James
Following the strong March-Quarterly reporting and outlook for analog devices, we have restored our outperform rating and লক্ষ্য 210 price target. The company echoed the comments we heard from its peers a month ago, it points out [computer chip] Demand is strong and supply is tight, despite strong market sentiment. Looking ahead, the extra capacity that comes online in the second half of this year should benefit revenue and allow the company to catch an incomplete backlog, as long as there is demand. In addition, we think that one of the biggest things that distinguishes analog devices from their peers is the ability to turn the foundry power up or down and change the power during a recession – in contrast.
Texas Instrument
(Ticker: TXN), which is adding the ability to fully meet the power demand internally, and other analog / mixed-signal colleagues who have been forced to sign the take-or-pay foundry agreement, limiting flexibility.
Tupperware brand
NYSE
Bought • 18 May Price 6.33
By Lane Research
We are unanimously lowering our estimates because of the epidemics in Asia, especially China, and because of the geopolitics in Europe, as well as the overall softness in North America, especially in the United States. The rise of the dollar against most foreign currencies. In addition, we believe that negative sales leverage and broad-based cost inflation will have a disproportionate impact due to Tupperware’s global manufacturing footprint, which requires a larger fixed-cost component than the other companies we follow.
However, we believe that the company is still in the very early stages of its efforts to properly monetize the Tupperware brand, and in the current assessment, even on our unanimous assumptions, patient investors may look back on this period. Very interesting entry point in stock. Price target: $ 12.50.
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