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Moody's Ratings assigns Aa3 ratings to P&G's fixed rate USD notes

Moody's Ratings (Moody's) today assigned Aa3 ratings to the 5 year and 10 year senior unsecured fixed-rate USD notes offered by The Procter & Gamble Company ("P&G"). The proceeds will be used for general corporate purposes including debt refinancing. P&G's other ratings including the Aa3 senior unse...

Pierre FerraguÊ
  • Pierre FerraguÊ

Google 1Q25: Compute is king and calls for a re-platforming

Google reported 1Q25 yesterday. See our updated perspective on cloud spending, capex and technology infrastructure.

Dan Salmon
  • Dan Salmon

Alphabet (GOOGL, Buy, $200 target) All engines firing, but some risk ...

In this first take following tonight’s results, we touch on: 1. Advertising: risk to 2Q25 Search consensus owing to de minimus changes 2. AI Overviews: consistent monetization and now reaching 1.5B users 3. AI Mode: what we’re really excited about 4. After last quarter’s capex guidance, more capital return soothes this quarter 5. Additional Quick Hits on subscriptions, margins and AI vertical integration

Daniel Ives ... (+3)
  • Daniel Ives
  • Matthew Weiss
  • Scott Devitt
Pierre FerraguÊ
  • Pierre FerraguÊ

Tesla 1Q25: Catalysts on track. Buy, $465

We see good reasons to buy the bottom on Tesla. For details see the attached article.

Dan Salmon
  • Dan Salmon

Tariff Impact Part III: The other shoe drops – lower company estimates...

Yesterday, we lowered estimates for eCommerce and digital ad spending HERE. In this report, the other shoe drops and we lower estimates and targets across our coverage.

Daniel Ives ... (+2)
  • Daniel Ives
  • Sam Brandeis
Daniel Ives ... (+2)
  • Daniel Ives
  • Sam Brandeis
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