In today’s briefing:
- Intel. What’s Really Going On?
- Incyte: Can Opzelura Offset Jakafi’s $3.7B Patent Cliff by 2028?
- S&P 500 and Nasdaq 100 Breaking Out; Upside Resuming; DXY and Yields Forming Major Tops?
- Monday.com’s Multi-Product Power Play: The Cross-Selling Strategy Fueling Massive Revenue Growth!
- SPS Commerce Is Expanding Its Total Addressable Market (TAM) & Wallet Share But Does It Warrant A ‘Buy’ Rating?
- Watts Water Technologies: An Insight Into Its Market Dynamics and Regional Opportunities!
- Lattice Semiconductor Corporation: Can It Capitalize On The Advancements in Far Edge AI Applications?
- Amkor Technology: Solid Tailwinds From CHIPS Act & Regulatory Environment Driving Our Bullishness!
- Newell Brands: Portfolio Optimization & Distribution Expansion To Expand Market Share But Will It Work?
- ON Semiconductor: Silicon Carbide Growth & Market Positioning Driving Our Optimism!
Intel. What’s Really Going On?
- Carving out IFS & taking it private is the most likely outcome for Intel. However, it’s complicated by the SCIP deals and restrictions attached to the CHIPS money.
- Intel Products Group most likely stays with Intel, maintaining the iconic brand and doubling down on efficiency and innovation. I don’t think it gets sold.
- TSMC is unlikely to have any technical role in a spun out Intel Foundry due to a myriad of reasons including monopoly, conflict of interest, insufficient bandwidth etc.
Incyte: Can Opzelura Offset Jakafi’s $3.7B Patent Cliff by 2028?
- Incyte Corporation’s recent financial and corporate update for the fourth quarter and full year 2024 showcases a year of significant growth and strategic progress.
- The company achieved a 15% increase in total revenues, reaching $4.2 billion for the year, driven by a robust 8% growth in Jakafi sales and a 50% surge in Opzelura revenues.
- The financial health of Incyte remains strong, with $2.2 billion in cash reserves and no debt, allowing the company to complete a $2 billion share repurchase program.
S&P 500 and Nasdaq 100 Breaking Out; Upside Resuming; DXY and Yields Forming Major Tops?
- We are seeing signs that this 2+ month consolidation in the S&P 500 and Nasdaq 100 (QQQ) is ready to break out to the upside. Buy/stay long.
- Part of that is the obvious; both the SPX and QQQ are breaking out to marginal new highs.
- The other part that has kept us bullish this whole time is that market dynamics have remained risk-on, which we have discussed on a weekly basis.
Monday.com’s Multi-Product Power Play: The Cross-Selling Strategy Fueling Massive Revenue Growth!
- Monday.com’s fourth quarter and fiscal year 2024 results, highlighted noteworthy achievements alongside challenges and strategic changes.
- Roy Mann, Co-CEO, emphasized reaching a major milestone of $1 billion in annual recurring revenue, indicating robust demand for monday.com’s Work OS platform.
- The company reported substantial growth with total revenue for Q4 2024 at $268 million—a 32% increase from the previous year—and an annual revenue of $972 million, marking a 33% year-over-year growth.
SPS Commerce Is Expanding Its Total Addressable Market (TAM) & Wallet Share But Does It Warrant A ‘Buy’ Rating?
- SPS Commerce has reported a strong performance for the fourth quarter and full-year 2024, showcasing a notable growth trajectory.
- For the full year, the company’s revenue increased by 19% to $637.8 million, with recurring revenue rising by 20%.
- Fulfillment and analytics sectors also saw significant growth, with the former growing by 20% and the latter by 8%.
Watts Water Technologies: An Insight Into Its Market Dynamics and Regional Opportunities!
- Watts Water Technologies Inc. reported strong financial performance in 2024 with record metrics in several areas, despite some challenges.
- The year marked their 150th anniversary, underscoring the company’s long-standing presence in the industry.
- The recorded results demonstrated the impact of strategic investments and operational efficiencies in mitigating broader economic pressures.
Lattice Semiconductor Corporation: Can It Capitalize On The Advancements in Far Edge AI Applications?
- Lattice Semiconductor provided a detailed overview of its financial performance and strategic outlook for the third quarter of 2024.
- The company’s results were generally in line with internal expectations, marking distinct progress in specific segments despite facing notable industry-wide headwinds.
- Revenue for the quarter was reported at $127.1 million, maintaining alignment with previously provided guidance.
Amkor Technology: Solid Tailwinds From CHIPS Act & Regulatory Environment Driving Our Bullishness!
- Based on Amkor Technology’s latest earnings call, the company’s performance for the fourth quarter and full year 2024 presented a mixed outlook with various challenges and achievements across different market sectors.
- For the fourth quarter, Amkor Technology reported revenues of $1.63 billion and an earnings per share (EPS) of $0.43, aligning with earlier guidance.
- However, the company witnessed a 3% revenue decline year-over-year, closing the year with $6.3 billion.
Newell Brands: Portfolio Optimization & Distribution Expansion To Expand Market Share But Will It Work?
- Newell Brands has reported its fourth-quarter and full-year financial results for 2024, demonstrating progress in several areas amid challenging market conditions.
- The company has been implementing a new corporate strategy which has yielded positive outcomes, although it acknowledges ongoing challenges.
- Newell’s key focus for 2024 was to operationalize its new strategy and enhance its culture.
ON Semiconductor: Silicon Carbide Growth & Market Positioning Driving Our Optimism!
- On Semiconductor Corporation’s latest earnings call for the fourth quarter and full year 2024 reveals a mixed set of results, shaped by a combination of strategic decisions and challenging market conditions.
- The company’s revenue for the full year was $7.1 billion, with a non-GAAP gross margin of 45.5%.
- This reflects a commitment to their transformation strategy focusing on intelligent power and sensing technologies, particularly in automotive, industrial, and AI data centers.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
