-
What To Make Of Qualcomm's 'Mixed Bag'
Thursday, April 21, 2016 - 10:36am | 253Read More...QUALCOMM, Inc. (NASDAQ: QCOM) announced better-than-expected F2Q results, with sales of $5.54 billion and EPS of $1.04. Pacific Crest’s Michael McConnell maintained an Overweight rating for the company, while reducing the price target from $63 to $61. The upside in Qualcomm’s...
-
5 Reasons To Still Buy Qualcomm
Monday, April 18, 2016 - 5:00pm | 432Read More...QUALCOMM, Inc. (NASDAQ: QCOM) is set to report its second quarter results on Wednesday. Michael McConnell of Pacific Crest listed five reasons to buy the stock. McConnell remains a buyer of Qualcomm, saying stabilizing QTL (Qualcomm Technology Licensing), catch-up payments, and S820 share gains...
-
Wilson: We're Still Searching For Sentiment Bottom In Internet Stocks
Monday, April 18, 2016 - 3:16pm | 436Read More...It could be another bumpy earnings season for Internet stocks. According to Pacific Crest analyst Evan Wilson, volatility will remain a key theme in the Internet space until market sentiment finally bottoms out. “We are still searching for a sentiment bottom in Internet, but are getting...
-
Pacific Crest On Wearables: Apple Watch's Next Wave Likely 'Lower-Function Devices,' Fossil May Have The Advantage
Monday, April 18, 2016 - 1:18pm | 332Read More...The real value in wearable devices may be more about data collection than data interaction. Pacific Crest analyst Andy Hargreaves believes that data collection will become more commoditized, a transition that will benefit some companies and hurt others in the space. “In the case of...
-
Apple iPhone Builds Are Stabilizing: Credit Suisse Still Bullish Before Earnings
Friday, April 15, 2016 - 10:57am | 452Read More...A Credit Suisse analyst said iPhone builds are stabilizing, infusing further optimism in Apple Inc. (NASDAQ: AAPL) ahead of its second-quarter earnings. The comment comes on the heels of an analysis from Pacific Crest's Michael McConnell who cut the estimate of iPhone suppliers to reflect weaker-...
-
PacCrest's McFadden Hikes Red Hat To Overweight On Enterprise Cloud Potential
Thursday, April 14, 2016 - 10:41am | 234Read More...Red Hat Inc (NYSE: RHT) has been winning large deals, and is well positioned for Enterprise Cloud. Pacific Crest’s Ben McFadden upgraded the rating for the company to Overweight, while maintaining a price target of $88. Core Value Proposition Well Positioned For Cloud Red Hat’s...
-
Apple Demand 'Cold As Ice' In Asia, iPhone Suppliers Face Risk Of Earnings Misses
Thursday, April 14, 2016 - 10:12am | 529Read More...The estimates for iPhone suppliers have been reduced to reflect weaker-than-expected demand trends for the iPhone 6s in Asia, Pacific Crest’s Michael McConnell mentioned. iPhone suppliers are headed for earnings misses, with demand for Apple Inc. (NASDAQ: AAPL) under severe pressure....
-
$150 Vs. $89: Apple's Bull And Bear Case Scenarios
Monday, April 11, 2016 - 8:03am | 365Read More...Apple Inc. (NASDAQ: AAPL) is scheduled to report its FY16 2Q results on Monday, April 25. Pacific Crest’s Andy Hargreaves maintained an Overweight rating for the company, with a price target of $127. The analyst expects Apple to report weak FQ2 results, but said that the looming iPhone 7...
-
Digital Ordering Presents A $70 Billion Growth Opportunity For Restaurants
Friday, April 8, 2016 - 11:13am | 395Read More...The next generation of leading restaurant stocks will likely be the ones that take advantage of the huge opportunity in digital ordering. According to Pacific Crest analyst Chris O’Cull, digital ordering represents around a $70 billion growth opportunity within the next five years....
-
Watch WWE's Post-WrestleMania Sub Churn, Analyst Says
Friday, April 8, 2016 - 9:53am | 376Read More...The risk going forward for World Wrestling Entertainment, Inc. (NYSE: WWE) is estimating WWE Network churn once the 30-day free trial ends, according to FBN Securities analyst Robert Routh. Routh, who has an Outperform rating on WWE shares, noted that the company's most popular event WrestleMania...
-
Tesla's Model 3 Preorders Missed Some Wall Street Expectations
Thursday, April 7, 2016 - 11:20am | 409Read More...While Tesla Motors Inc (NASDAQ: TSLA)'s Model 3 reservation figures wowed most this past weekend, expectations for continued momentum through the week have not been met with the same excitement. The unveiling event of the Model 3 was last Thursday, March 31. By April 3, Elon Musk had tweeted that...
-
Twitter's NFL Deal Not A Huge Shock To PacCrest
Wednesday, April 6, 2016 - 2:25pm | 530Read More...On Tuesday, it was announced that Twitter Inc (NYSE: TWTR) had won the rights to live stream the NFL's Thursday Night Football games, beating out the likes of Amazon.com, Inc. (NASDAQ: AMZN), Facebook Inc (NASDAQ: FB), Verizon Communications Inc. (NYSE: VZ) and Yahoo! Inc. (NASDAQ: YHOO). While the...
-
Tesla Predicted To Hit 350K-400K Model 3 Reservations By Wednesday
Tuesday, April 5, 2016 - 9:38am | 260Read More...Tesla Motors Inc (NASDAQ: TSLA) founder and CEO, Elon Musk, indicated via Twitter that Model 3 reservation activity had been very strong through the weekend, totaling 276,000 as of the night of April 3. Pacific Crest’s Brad Erickson maintained a Sector Weight rating, with a fair value of $190...
-
Erickson: Tesla's Model X Production Issues Paint Volatile Future For Model 3
Tuesday, April 5, 2016 - 9:20am | 339Read More...Tesla Motors Inc (NASDAQ: TSLA) reported lower-than-expected deliveries for Q1, due to parts shortage for Model X from suppliers. Pacific Crest’s Brad Erickson maintained a Sector Weight rating, with a fair value of $190. Q1 Deliveries Tesla Motors reported its Model S deliveries for...
-
WrestleMania Exceeded Even PacCrest's Expectations: WWE Worth $20/Share
Tuesday, April 5, 2016 - 8:57am | 327Read More...Pacific Crest’s Evan Wingren mentioned that while the total demand for WrestleMania beat the estimates, churn was likely to lead to a decline in paid subscribers in Q2. The analyst maintained an Overweight rating on World Wrestling Entertainment, Inc. (NYSE: WWE), while lowering the price...
