Brendan Wood International Investor Conviction Intel – TMT
New York, NY, June 6th, 2023 (TopGun Press)
Below are the most in-demand TMT Stocks based on our daily chats with global investors. Below is the link to the Investor Conviction Intel on Microsoft Corp.
Microsoft Corp: Investors can’t stop talking about AI as Microsoft continues to impress with one of the highest investment quality index scores among the entire market. Microsoft’s management as a whole has been rated by investors as best in class, receiving near-perfect ratings in each management metric. (Click here for the Investor Conviction Intel on Microsoft Corp.)
Nvidia: Is the growth rate implied by consensus realistic? Nvidia’s rally made it a hot topic that raises more questions, but Jensen Huang remains the highest rated CEO in the sector according to investors. Investors cite his vision for the business and his ability to tell the story as what separates him from other CEOs. Perhaps most telling, investors have rated Nvidia the top name among the semiconductor companies with regards to their long-term growth prospects.
Meta Platforms, Inc: Costs are the central talking point for investors on Meta. Investor confidence in Meta’s capital allocation has increased this quarter from last quarter. Investors who viewed Meta Platforms capital allocation as problematic are becoming more confident in it.
BCE, Telus, Rogers, Quebecor, Cogeco: Regulatory concerns continue to abound due to the CRTC’s review internet competition. Conviction levels have been trending downwards for the Telecommunication and Broadcasting/ Cable companies. Investors have discussed the potential ramifications of regulation on all the names as the CRTC is facing scrutiny due to the particularly high prices for consumers in Canada.
Shopify: Tobias Lutke remains one of the most well-respected CEOs in the sector as rated by investors. Investors’ confidence in Shopify’s short-term growth prospects have improved so far in 2Q. Long term growth remains above their peer group and sector averages. Momentum of investor confidence has seen an uptick quarter over quarter. However, investor ratings of Shopify’s capital allocation/balance sheet are facing some pressure.
Largest Strategy Score Changes (Quarter over Quarter) (YE4Q2022 vs. YE1Q2023):
Wix.com = +46%
BT Group plc = +30%
Uber Technologies, Inc. = +22%
ASM International NV = +16%
Vodafone Group PLC = -21%
GoDaddy Inc. = -11%
Take-Two Interactive Software = -9%
Verizon Communications = -6%
Largest Long Term Growth Changes (Quarter over Quarter) (YE4Q2022 vs. YE1Q2023):
Yelp Inc = +33%
ASM International NV = +30%
Ambarella Inc = +21%
BCE Inc = +18%
Vodafone Group PLC = -33%
Autodesk Inc. = -14%
Fox Corporation = -13%
Snap Inc = -11%
Sell-Side Analysts Being Paid for TMT Coverage from Global Investors:
US Hardware Sell-Side Analysts:
1. Amit Daryanani – Evercore ISI
2. Toni Sacconaghi – Sanford Bernstein
3. Tim Long – Barclays
US Internet Sell-Side Analysts:
1. Mark Shmulik – Sanford Bernstein
2. Brian Nowak – Morgan Stanley
3. Stephen Ju – Credit Suisse
US Semiconductors Sell-Side Analysts:
1. Vivek Arya – Bank of America
2. Mark Lipacis – Jefferies
3. CJ Muse – Evercore ISI
US Software Sell-Side Analysts:
1. Mark Moerdler – Sanford Bernstein
2. Keith Weiss – Morgan Stanley
3. Matthew Hedberg – RBC Capital Markets
US Telecommunications Sell-Side Analysts:
1. Simon Flannery – Morgan Stanley
2. Philip Cusick – JP Morgan
3. Kannan Venkateshwar – Barclays
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. Brendan Wood Partners debrief large institutional investors worldwide on a daily basis. There are 2000+ live consultations with professionals overseeing +/- $55 trillion invested in the +/- 1400 big cap companies on the BWI Index. Relying on its real time performance intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. 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. Brendan Wood International is the exclusive Index Provider to the AXS Brendan Wood TopGun Index ETF (Ticker: TGN)
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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