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☆ Monday's analyst calls: PC stock upgrade, Jefferies sees steady growth for consumer giant
▼ + stars: | 2023-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.

Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$

☆ Chipmaker Intel soars on signs of PC market recovery
▼ + stars: | 2023-10-27 | by ( Samrhitha A | ) www.reuters.com time to read: +3 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Bernstein analyst Stacy Rasgon said Intel's "AI story still seems marginal" and the "datacenter performance continues to suffer from significant headwinds". The company is under heavy pressure in the data center chip market from Nvidia, whose graphic processing units are used for training artificial intelligence models. Sales at Intel's data center business, which also houses its AI chip division, dropped 10%.

Persons: Dado Ruvic, Bernstein, Pat Gelsinger, Taiwan's TSMC, Gelsinger, Logan Purk, Edward Jones, Stacy Rasgon, Gaudi, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Intel, AMD, Nvidia, Reuters, Thomson Locations: chipmaking, Bengaluru

☆ Visa profit beats estimates on post-pandemic travel boost
▼ + stars: | 2023-10-24 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSummaryCompanies Cross-border volumes surge on steady travel demandStrong results signal consumer resilienceVisa Q4 adjusted EPS $2.33 beats estimate of $2.24Oct 24 (Reuters) - Card giant Visa (V.N) sailed past estimates for fourth-quarter profit on Tuesday as consumers on a post-pandemic travel rebound shrugged off worries of a looming economic slowdown and cost-of-living crisis. Visa's CFO Chris Suh said U.S. inbound travel recovery accelerated in the quarter, while travel into Asia also continued to improve. Visa's payment volumes rose 9% in the quarter, while cross-border volumes excluding transactions within Europe, a gauge of travel demand, surged 18%. Visa posted adjusted profit of $2.33 per share in the three months ended Sept. 30, topping expectations of $2.24 per share, according to LSEG data.

Persons: Benoit Tessier, Chris Suh, Suh, Michael Ashley Schulman, Logan Purk, Edward Jones, Manya Saini, Pooja Desai Organizations: REUTERS, Card, Running, Capital Advisors, Reuters, American Express, Visa, Thomson Locations: Asia, Europe, U.S, Bengaluru

☆ PayPal stock drops as weak margins fan growth fears
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationAug 3 (Reuters) - Shares of PayPal Holdings (PYPL.O) fell more than 8% in premarket trading on Thursday as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. The company said higher provisions at its credit portfolio hit margins and that it had tightened underwriting standards on loans. The San Jose, California-based company reported second-quarter adjusted operating margins of 21.4% after markets closed on Wednesday. Profit margins at PayPal have come under scrutiny in recent months. While its low-margin businesses like Braintree have shown strong growth, higher-margin business like the PayPal-branded checkout platform have shown slower growth.

Persons: Dado Ruvic, Edward Jones, Logan Purk, Dan Schulman, Schulman, J.P, Morgan, Tien, tsin Huang, Niket, Nivedita Organizations: PayPal, REUTERS, PayPal Holdings, Thomson Locations: San Jose , California, Braintree, Bengaluru

☆ PayPal stock drops after weak second-quarter margins
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/IllustrationAug 3 (Reuters) - Shares of PayPal Holdings (PYPL.O) fell nearly 9% in premarket trading on Thursday after the digital payments firm reported weak margins for the second quarter that overshadowed a strong outlook. The company reported an adjusted operating margin of 21.4% for the three months ended June 30, below estimates of 22%, according to Refinitiv IBES data. In May, PayPal cut its adjusted margin forecast for the full year, which worried analysts and investors. The company forecast adjusted profit per share for the current quarter to be in a range of $1.22 and $1.24, above analysts' estimates of $1.22.

Persons: Dado Ruvic, Edward Jones, Logan Purk, Niket, Nivedita Organizations: PayPal, REUTERS, PayPal Holdings, Thomson Locations: Bengaluru

☆ Chipmakers signal supply glut easing but demand recovery still slow
▼ + stars: | 2023-07-28 | by ( Joyce Lee | ) www.reuters.com time to read: +5 min

"Demand is recovering very gradually," Woohyun Kim, chief financial officer at SK Hynix, said on an earnings call this week. "The recent improvement in PC shipments has been mainly led by promotions and low-end models, meaning it provided limited impact on chip demand recovery," he said, adding that shipment forecasts for PCs and smartphones this year have been downgraded from earlier predictions. Chipmakers are also increasing production of the high-end chips used to support AI related chips. SK Hynix said demand for AI server memory had more than doubled in the second quarter compared to the first quarter. The company leads the market in high bandwidth memory (HBM) DRAM used in generative AI.

Persons: Florence Lo, Canalys, Woohyun Kim, ChatGPT, Pat Gelsinger, SK Hynix, Logan Purk, Edward Jones, Lam, Tim Archer, 1,278.7400, Joyce Lee, Akash Sriram, Akshita, Chavi Mehta, Tanya Jain, Max A, Cheney, Stephen Nellis, Miyoung Kim, Miral Organizations: REUTERS, Intel, Samsung, SK Hynix, SK, chipmaker Texas, Wall, Manufacturers, KLA Corp, Lam Research, Thomson Locations: SEOUL, China, HBM, Seoul, Bengaluru, Max, San Francisco

REUTERS/Benoit TessierJuly 27 (Reuters) - Visa (V.N) and Mastercard (MA.N), which bet on China to boost travel spending, have had to contend with a disappointing first half of the year as post-COVID momentum in the world's second-biggest economy loses steam. In their earnings calls this week, both card giants said travel in China was nowhere near pre-pandemic levels. "Looking at Mainland China specifically, cross-border travel continued to improve but remains well below 2019 levels," said Vasant Prabhu, Visa's chief financial officer. His counterpart at Mastercard, Sachin Mehra, also said there was further room for travel recovery in China. Reuters GraphicsInbound cross-border travel to China stood at nearly 50% of 2019 levels, while outbound travel was nearly 70%, the company said.

Persons: Benoit Tessier, Vasant Prabhu, Sachin Mehra, Edward Jones, Logan Purk, Manya Saini, Niket, Krishna Chandra Organizations: REUTERS, Mastercard, Reuters, U.S, Reuters Graphics Visa, Thomson Locations: China, Mainland China, U.S . Federal, Bengaluru

☆ Texas Instruments signals expanding pain for chipmakers with somber forecast
▼ + stars: | 2023-01-25 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Texas Instruments (TXN.O) forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker's so far resilient markets. Order cancellations rose during the fourth quarter, head of investor relations Dave Pahl told analysts in an earnings call. Total revenue fell 3% to $4.67 billion in the quarter, compared with estimates of $4.62 billion. Texas Instruments expects revenue of $4.17 billion to $4.53 billion in the first quarter, the mid-point of which is lower than estimates of $4.41 billion, according to Refinitiv data. It expects current-quarter earnings per share between $1.64 and $1.90, the mid-point of which also fell short of expectations of $1.87.

☆ These 3 technologies will be key to Intel's business as it staves off competition from companies like AMD and Nvidia
▼ + stars: | 2021-11-03 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +4 min

Under CEO Pat Gelsinger, Intel is making new bets in chip manufacturing and open source software. Analysts say Intel's new foundry business, AI acquisitions, and x86 chips will be foundational. Competition among chip design rivals like AMD and Nvidia is heating up, while other chip startups are on the rise. Besides Mobileye, Intel has been expanding into building a wide array of AI chips, including through its acquisition of Nervana in 2016. Intel's x86 are foundational to its businessFinally, analysts say Intel's x86 chips have been and continues to be the bread-and-butter to its business.

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