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Search resuls for: "Keysight Technologies"


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Gap – The retailer popped 10% after beating Wall Street's estimates for revenue. Palo Alto Networks – Shares of the cybersecurity provider added 6.5% after beating expectations for revenue and per-share earnings, according to Refinitiv. Ross Stores – Shares shot up 15% following the discount retailer's report of beats on per-share earnings and revenue for the latest quarter. Keysight Technologies – The electronic design company added 4.2% after it reported beating FactSet's expectations for revenue and per-share earnings. Applied Materials – Shares rose 3.4% after the manufacturer known for its semiconductor offerings beat analysts' estimates on revenue and earnings for its fiscal fourth quarter.
Keysight Technologies is underrated and ready to grow within more technology spaces than the market has given it credit for, Wells Fargo said Thursday. Aaron Rakers initiated Keysight with an overweight rating, calling it an "instrumental play on digital transformation." Rakers said the company has the potential to increase margin by bringing up software mix. It was spun out from Agilent Technologies, which Rakers said did not invest in the company enough for it to reach its potential. To be sure, the company faces the risk of not being able to gain further market growth or increase margins.
Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said recent disclosures indicate Apple's app store revenue may have bottomed. Morgan Stanley reiterates CVS as overweight Morgan Stanley said CVS's "strategic path & earnings targets [are] intact." Morgan Stanley reiterates Match as overweight Morgan Stanley said shares of Match are "compelling." Morgan Stanley downgrades Lincoln National to equal weight from overweight Morgan Stanley said it sees "sizable risk" in shares of the insurance company. Morgan Stanley reiterates New York Times as overweight Morgan Stanley said it sees "pricing power" and "tailwinds" ahead for The New York Times.
The reshoring trend – or companies shifting parts of their manufacturing and supply chains to different countries – has boomed over the last decade. In 2022, reshoring and foreign direct investment jobs announced coming back to the U.S. is on pace hit a record high of 348,493, according to data from the Reshoring Initiative. The trend also includes companies moving parts of their supply chains or manufacturing to different countries abroad. Investing the trend There are a few ways to play the reshoring trend as it continues to unfold. Analysts covering the space generally recommend picking up stocks in companies that stand to benefit from the trend, as opposed to companies in the reshoring process.
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