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Search resuls for: "Gabe Daoud"


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Investors should take hold of SM Energy ahead of its earnings report, according to TD Cowen. Analyst Gabe Daoud upgraded his rating on the stock to buy from hold. Heading into its third-quarter results at the end of the month, Daoud expects the company to beat Wall Street's expectations. "SM remains a technical leader in the Midland Basin with '23 oil productivity ranking first among operators and '24 not far behind," Daoud said. On top of that, he noted that return-of-capital initiatives, such as dividend increases or share buybacks specifically, could drive more upside.
Persons: TD Cowen, Gabe Daoud, Daoud Organizations: SM Energy, bbl, Midland &, SM Locations: Klondike, Texas –, Uinta, Utah, Midland, Midland & South Texas
Meanwhile, analysts polled by LSEG, formerly known as Refinitiv, forecast earnings of 81 cents per share and $4.34 billion in revenue. Peloton — Shares fell more than 23% on the back of the company's bleak outlook for the current quarter and full-year sales. Peloton is forecasting sales to come in between $700 million and $725 million for the quarter. Analysts polled by LSEG expected revenue of $9.70 billion. Adjusted earnings per share came in at $2.10 versus the $1.66 expected from analysts polled by StreetAccount.
Persons: Robinson, Nextracker, Wolfspeed, MaxLinear, Qorvo, TD Cowen, Gabe Daoud Jr, — CNBC's Pia Singh, Lisa Kailai Han, Jesse Pound, Hakyung Kim, Spencer Kimball, Scott Schnipper Organizations: LSEG, , Honeywell, New York Community Bank, Regional Banking, Western Alliance, T Bank, Norfolk Southern, Ancora Holdings, Street Journal, Merck —, Merck, FactSet, StreetAccount, Revenue, Qualcomm, Citi
Optimism is revving up at Cowen over the investment potential of companies focused on lithium-ion batteries. Ultimately, Daoud said the U.S.-based lithium-ion battery industry stands to gain, especially as headwinds resolve and production catches up to demand. Battery swelling has been an inhibitor to lithium-ion batteries. Though Envoix is considered to have the most commercialization potential, Daoud said he is also watching FREYR Battery , SES AI and Solid Power . The report contained initial investment opinions on three of the stocks: FREY (outperform), SES (market perform) and SLDP (market perform).
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