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The coronavirus is here to stay. Well, hopefully not indefinitely, but for longer than anyone was expecting when it first began making headlines at the turn of the year. The recent surge in cases just as the economy was reopening means an additional stay-at-home period might be in the cards. In such a situation, what are we to do? Watch Netflix (NFLX).That is the basis for the Netflix bull case from Monness analyst Brian White, who said, “Given the expansion of this COVID-19 crisis across a larger swath of the U.S., disrupting more states and further exasperating fears of a second-wave potentially returning to the hardest hit geographies later this year, there is a view developing that this pandemic will be with us longer than many first expected and we believe people will continue to tune into Netflix as a core source of entertainment.”The 5-star analyst expects another strong showing, when...
According to data recently released by Wards Intelligence, the sale of Class 3-8 trucks have seen a drop in almost every category, and every month, since the beginning of the year, possibly exasperated by the COVID-19 outbreak. ...
If you’re looking for a large-cap success story from this coronavirus-stained year, look no further than GPU giant Nvidia (NVDA). Driven by two segments - gaming and data center – perfectly suited to the times, investors have rewarded Nvidia with share gains of over 70% year-to-date. So, is now the time to reduce exposure to this impressive performer?Au contraire, says Rosenblatt analyst Hans Mosesmann, who argues Nvidia’s “data center and gaming tailwinds are just getting started.” The 5-star noted, “We continue to like the Nvidia story over the long-term, as we see the secular shift to data processing units within the data center, the entrance into new markets (inference, analytics, machine learning), and strategic partnerships (Mercedes-Benz, potentially others) helping to drive strong revenue growth over the coming years.”Mosesmann doesn’t expect data center momentum to slow down anytime soon. With the recent addition of data specialist Mellanox, the segment now makes up...
Unlike other industries, the coronavirus’ impact on parcel delivery services has been more nuanced. The drop in volume for the traditionally more profitable B2B segment has been countered by the massive increase in B2C deliveries, which are typically more margin tight. So much so, these companies are finding it difficult to meet demand.This is true of package delivery giant United Parcel (UPS). In normal times, the mix between B2C and B2B is evenly split, but by the end of March, the pandemic resulted in the B2C segment boasting 70% of delivery volume.In a recent note to clients, Credit Suisse analyst Allison Landry ponders how the increasing volume in a less profitable segment impacts UPS.Landry said, “UPS is at an existential crossroads with COVID having pulled forward what was initially expected to be 8-10 years of B2C/residential mix into just a few short months… The margin erosion from higher cost B2C has long been...
The Financial Times newspaper first reported the findings from a court filing, which was made public Monday. Bridgewater Associates had started the case against two former employees, Zachary Squire and Lawrence Minicone, with the claim that they breached their contracts and misappropriated trade secrets....
The Shawnee County Health Department recently warned of some COVID-19 cases stemming from the Topeka Service Area on the I-70 Turnpike located at mile marker 188, just East of Topeka. ...
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]...
