Below are some of the most topical Technology & Telecommunications Stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors. If you would like more detailed shareholder conviction intelligence on Global TMT companies, please contact Hazaifa Javed or Gordon Peck.
CrowdStrike Holdings, Inc.
CrowdStrike has become a topical name in the last few days given their recent outage. Prior to that, Investor Commitment to Own CrowdStrike faced downward pressure in 2Q, mirroring trends seen across its peer group, however, investor confidence in CrowdStrike’s Strategy, CEO and Growth Potential remained strong. According to investors, CEO, George Kurtz has a proven history of success in cyber security ventures. Given the events of late last week, we are currently in discussion with investors on CrowdStrike and the impacts on investor confidence and ownership commitment levels. Please contact Hazaifa Javed or Gordon Peck if you would like to connect on the topic.
Nvidia Corporation
Investor commitment to own Nvidia led the global semiconductor sector in 2Q. Nvidia continues to impress investors with robust quarterly performances and has established itself as the AI leader in the semiconductor space. Nvidia’s CEO, Jensen Huang, is rated highest by institutional investors in the industry for positioning the company to capture substantial market share in AI while maintaining their legacy product lines. Investors have increasing confidence in the Long-Term Growth of Nvidia while confidence in Short-Term Growth remained relatively steady.
Telus
Investor Commitment to Own Telus remained steady in 2Q, consistent with the Global Telecom sector. Investor confidence in Telus’ strategy and CEO Darren Entwistle are stable at a relatively high level. According to investors, Telus’ fiber build out gives them a long term advantage. While investors express optimism about Telus’ core business, there are concerns about the performance of subsidiaries like Telus Health, Telus International and Telus Agriculture.
Expedia Inc
Investor confidence in Expedia declined in 2Q, marking a consistent decline in Commitment to Own for the third consecutive quarter, while competitor Booking Holdings remained stable. Investors have pointed to inadequate Reporting and Disclosure practices within Expedia as a primary concern. Investor confidence in both Short-Term and Long-Term Growth Potential for Expedia trails behind the Internet sector average, whereas Booking Holdings rates higher for both metrics. According to investors, this discrepancy is attributed to Booking’s advantageous position as the market leader, having managed through several cycles. Investors are uncertain about Expedia’s future prospects amidst increasing market volatility.
Largest Changes in Confidence in Price Appreciation Potential (YE 2Q 2024 vs. YE 1Q 2024)
Technology:
Wayfair Inc: 28%
GoDaddy Inc: 14%
Snap Inc: 14%
STMicroelectronics NV: 11%
Expedia Inc: -8%
Intuit Inc.: -7%
Booz Allen Hamilton Holding Corporation: -7%
Celestica Inc.: -7%
Telecommunications:
AT&T: 7%
BT Group plc: 2%
T-Mobile US Inc: 2%
Swisscom AG: -25%
Verizon Communications: -4%
Vodafone Group PLC: -2%
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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.
Contacts:
Hazaifa Javed
Director – TMT
Brendan Wood International
+1 416 924 8110
hjaved@brendanwood.com
Gordon Peck
Managing Director
Brendan Wood International
+1 416 924 8110
gpeck@brendanwood.com
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