Bernstein

Industry beer shipment trends were soft in 2015. Although there was a significant increase in beer volumes in Q1 this year, growth was driven largely by February's Leap Day. “Over the summer, we saw a return to the softness from 2015, and despite a modest uptick in the latest figures, there...

Bernstein’s A.M. (Toni) Sacconaghi Jr. believes that any weakness in Hewlett Packard Enterprise Co (NYSE: HPE) shares would present an attractive opportunity to add positions, given that the stock “remains truly inexpensive, particularly on a post-ES and SW spin basis, and offers good...

Despite challenges in the cruiseline space, Carnival Corp (NYSE: CCL) has maintained or raised its net revenue yield growth guidance through the year, while Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH) has been dealing with structural limitations arising from its lack of global scale,...

Media reports of a pilot strike at Charter Airline, a subsidiary of Air Transport Services Group Inc. (NASDAQ: ATSG), have “longer reaching implications” for FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) and cost implications for Amazon.com, Inc. (NASDAQ:...

The airline industry has not been able to generate yield gains above inflation over the last decade. While there seem to be opportunities for the industry to drive better pricing, the segment remains competitive, making it difficult to support “a multiyear period of super-inflationary pricing...

Bernstein has two concerns regarding salesforce.com, inc. (NYSE: CRM) ahead of the company’s earnings announcement on November 17. The firm retains its Underperform rating and price objective of $60, implying downside risks of more than 15 percent from current levels. Risks Ahead Of Q3...

On Monday, Bernstein upgraded Centene Corp (NYSE: CNC) as it downgraded shares of Aetna Inc (NYSE: AET). The paired actions come on heels of the U.S. presidential elections, with the firm suggesting that repealing and replacing the Affordable Care Act ("Obamacare") is likely to be Trump's primary...

Shortly after McDonald’s Corporation (NYSE: MCD) announced its earnings beat, Bernstein reevaluated its analysis on the fast-food restaurant. The firm expressed its belief that McDonald's may not need to slash its expenses to keep its momentum on its turnaround plan. The firm stated that the...

Following continued chatter regarding the General Electric Company (NYSE: GE)–Baker Hughes Incorporated (NYSE: BHI) deal, here is a compilation of sell-side analysts' takes on the soon-to-be spun off combined unit's separate publicly traded energy services company. Baker Hughes' Competitive...

here are many tools available for investors to gauge the strength of the economy, from GDP, jobs reports and consumer confidence. But here is a unique tool that few know of: Halloween candy sales. According to a Bloomberg report, the unemployment rate has hovered around the 5 percent mark since...

Railroad operators have reported slight improvement in the overall volume trend across the board, along with intermodal growth, Bernstein said as part of its weekly carload summary. Lead analyst David Vernon noted the 4W average volume growth is 1–4 percent higher than the 13W average growth...

AT&T Inc. (NYSE: T)'s $85 billion proposed acquisition of Time Warner Inc (NYSE: TWX) will face regulatory scrutiny before approval.   AT&T's offer values Time Warner's stock at $107.50 per share, yet the media empire's stock was trading at $87.25 early Tuesday...

Expecting a rebound in fundamentals, Bernstein maintains its Outperform rating on Union Pacific Corporation (NYSE: UNP) despite a third-quarter EPS miss and cautious commentary on pricing. Union Pacific’s third-quarter EPS came in at $1.36, which was 2.9 percent below the street and 4.3...

Investor focus has turned toward Advanced Micro Devices, Inc. (NASDAQ: AMD) ahead of Thursday's third-quarter results announcement. The focus increased after peer Intel Corporation (NASDAQ: INTC) provided weak guidance for the fourth quarter, though its third-quarter results exceeded estimates....