Brendan Wood International Investor Conviction Intel – Technology – November 2024
New York, NY, November 12th, 2024 (TopGun Press)
As the US election results unfold, investors are faced with a shifting political landscape that could alter market dynamics. With the election outcome influencing everything from fiscal policies to international relations, predicting future trends and identifying both opportunities and risks has become increasingly complex. Therefore, monitoring global conviction levels and understanding how markets may react to this political shift is essential. Below are some of the most topical Technology stocks in the BWI Shareholder Confidence Index based on our daily conversations with the global investment community.
Alphabet Inc: Driven by concerns over the potential impact of the DOJ’s antitrust lawsuit, investor Commitment to Own Alphabet fell by approximately 9.8% in 3Q. Investors expressed concerns about Alphabet’s ability to execute strategic moves under regulatory pressure. Despite this, confidence in the company’s Long-Term Growth and Balance Sheet Strength remains high, with its balance sheet and capital allocation efforts viewed as key advantages, particularly in the AI space.
Uber Technologies, Inc: Investor Commitment to Own Uber increased in 3Q, surpassing the peer group average. Investors cite Uber’s already strong and improving Reporting & Disclosure practices as one of the primary reasons for the increase in confidence. Head of Investor Relations, Alex Wang, continues to receive strong praise from the investment community, ranking among the top 6 IR Officers within the global Internet sector. While newly appointed CFO Prashanth Mahendra-Rajah has only been in the role for a year, investors in the BWI Panel have expressed cautious optimism regarding his leadership and strategic direction.
Meta Platforms Inc: Commitment to Own Meta saw a slight decline in 3Q, almost exactly in line with it’s peer group average. Investor confidence in Meta’s Corporate Strategy increased significantly with investors citing the company’s strategic positioning to capitalize on opportunities in AI. According to investors, Meta has the potential to emerge as a market leader in this space. This is further corroborated by investor confidence in CEO Mark Zuckerberg’s leadership and his execution remain at high levels.
Intel Corporation: Investor Commitment to Own Intel saw a significant decline in 3Q, with a drop of nearly 31%. Confidence in Intel’s Corporate Strategy weakened, as investors expressed concerns over the company’s competitive positioning, describing it as “second or third best” across key areas of its business. This has also contributed to a decline in investor confidence in CEO Patrick Gelsinger, with some investors characterizing his approach to execution as reactive rather than proactive.
According to institutional investors, the following companies showed the largest changes in Price Appreciation Potential in the Technology space, YE 3Q 2024 vs. YE 2Q 2024:
Apple Inc. +8%
Booz Allen Hamilton Holding Corporation +8%
Chegg Inc +6%
Dassault Systems SA +6%
Alibaba Group Holding Ltd +5%
BlackBerry Ltd -7%
Workday Inc -7%
Tyler Technologies, Inc -8%
Spotify Technology S.A. -13%
Wayfair Inc. -17%
If you would like to subscribe to the BWI Shareholder Confidence Intel including full reports on individual companies with verbatim please send an email to jnovak@brendanwood.com or hjaved@brendanwood.com
About Brendan Wood International:
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Relying on its real time intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. Big cap companies looking for comprehensive investor confidence data on their organizations are likely to discover that Brendan Wood partners consult with their investors non stop year round. There are 2000+ live consultations with investment professionals overseeing +/- $60 trillion invested in the +/- 1400 big cap companies on the BWI Index. Investors depend on BWI to quantify the demand side of the investment industry, including the name by name research sales and trading professionals who influence investor demand. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution.
Disclaimer:
We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
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Contacts:
Hazaifa Javed
Director | TMT
Brendan Wood International
+1 416 924 8110
hjaved@brendanwood.com
Jordan Novak
Managing Partner
Brendan Wood International
+1 416 924 8110
jnovak@brendanwood.com
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