Brendan Wood International?Investor Conviction Intel - TMT
Brendan Wood International
A private partnership formed in 1970, the firm founded the exclusive TopGun Club.
Below are the most in-demand TMT Stocks based on our daily chats with global investors. Below is a link to the Investor Conviction Intel on Alphabet.
Microsoft – Strong showing in earnings. Beat consensus on revenue and EPS. Particularly talked about is the growth of its business segments with Cloud starting to outpace competition in market share growth and Bing taking more market share.
Alphabet – Despite lagging behind in the AI department, Alphabet had a strong earnings season. Search grew year on year, showing strength against rising competition. (Click Here for Investor Conviction Intel on Alphabet)
Telus – Telus’ net subscriber additions for wireline and wireless beat estimates. Telus taking market share from Shaw in the west is of note as Telus’ strong bundling rates and low bundled user churn will make it difficult to retake.
Nvidia – The buzz around AI and the high price Nvidia has gone up to has led investors to be divided on the question of whether Nvidia is over or undervalued at these recent prices.
Rogers Communications – There is positivity around guidance on Shaw integration progress. Most talked about is the potential for Rogers to gain further market share in Shaw’s territories through wireline/wireless bundling.
Apple – Apple showed good margins and growth in the iPhone segment, despite showing soft results on iPad and Mac. Management’s execution, the share buyback program and questions on the priciness of valuation are often brought up by investors.
Snap – Poor earnings results led to a price slide. The negative growth result has been heavily discussed. There are strong concerns regarding the company’s future against the competition and the macroeconomic situation.
Alibaba – Investor chatter revolves mainly around the perceived poor execution by management and the geopolitical risks involved in Chinese companies. A lot of investors have spoken about divesting from their Chinese equities.
ASM – Investor outlook on the CEO, Benjamin Loh, has started to turnaround as ASM’s investor-rated CEO scores have almost doubled in the last year.?
SAP – The sale of Qualtrics at a premium and the cash injection this brings has led to a more positive investor outlook on the company.
Largest CEO Confidence Score Changes (Quarter over Quarter) (YE4Q2022 vs. YE1Q2023):
ASM International NV = +79%
STMicroelectronics NV = +35%
Absolute Software Corporation = +25%
Electronic Arts Inc. = +25%
Infineon Technologies AG = +22%
Tucows Inc = -35%
Vodafone Group PLC = -31%
F5 Networks Inc. = -26%
DXC Technology Company = -17%
Alibaba Group Holding Ltd = -15%
Largest Board Confidence Score Change (Quarter over Quarter) (YE4Q2022 vs. YE1Q2023):
Dassault Systemes SA = +200%
Applied Materials Inc. = +46%
DXC Technology Company = +38%
Booz Allen Hamilton Holding Corporation = +23%
Absolute Software Corporation = +21%
WildBrain = -100%
Paramount Global = -33%
Vodafone Group PLC = -23%
Autodesk Inc. = -17%
GoDaddy Inc. = -12%?
US Sell-Side Analysts Being Paid for TMT Coverage from Global Buy-Side Investors:
Hardware:
1. Amit Daryanani – Evercore ISI
2. Toni Sacconaghi – Sanford Bernstein
3. Tim Long – Barclays
Internet:
1. Mark Shmulik – Sanford Bernstein
2. Brian Nowak – Morgan Stanley
3. Stephen Ju – Credit Suisse
Semiconductors:
1. Vivek Arya – Bank of America
2. Mark Lipacis – Jefferies
3. CJ Muse – Evercore ISI
Software:
1. Mark Moerdler – Sanford Bernstein
2. Keith Weiss – Morgan Stanley
3. Matthew Hedberg – RBC Capital Markets
Telecommunications:
1. Simon Flannery – Morgan Stanley
2. Philip Cusick – JP Morgan
3. Kannan Venkateshwar – Barclays
About Brendan Wood International :
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Brendan Wood Partners debrief large institutional investors worldwide on a daily basis. There are 2000+ live consultations with professionals overseeing +/- $55 trillion invested in the +/- 1400 big cap companies on the BWI Index. Relying on its real time performance intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. The firm's partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution. Brendan Wood International is the exclusive Index Provider to the AXS Brendan Wood TopGun Index ETF (Ticker: TGN)
Disclaimer:
We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
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Contacts:
Jordan Novak, Partner, Brendan Wood International, +1 416 924 8110, [email protected]
Johann Echavez, Managing Director, Office of the Chairman, Brendan Wood International, +1 416 924 8110, [email protected]