Moody's Ratings (Moody's) affirmed STMicroelectronics N.V. (ST)'s Baa1 long term issuer rating. At the same time, we changed the outlook to stable from positive. RATINGS RATIONALE The change in outlook to stable from positive reflects our view that profitability and free cash flow (FCF) are unli...
NEW YORK--(BUSINESS WIRE)-- , a leading national securities law firm, is investigating potential claims against STMicroelectronics N.V. (“STMicroelectronics” or the “Company”) (NYSE: STM) and reminds investors of the October 22, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See . As detailed below...
Moody's Investors Service (Moody's) has today upgraded STMicroelectronics N.V. (ST or the company)'s long term issuer rating to Baa1 from Baa2. The outlook remains positive. "The upgrade with a positive outlook of ST reflects its strong financial performance as a consequence of the ongoing high de...
Emerging Markets Breaking Out We see global equities (ACWI-US) going through a consolidation phase between support at $77 and resistance at $84. To reiterate, as long as ACWI-US is above $77 we are constructive and would be buyers. Our work suggests that $77 support is likely to hold based on current market dynamics, and we would flip to bullish on a breakout above $84. · Emerging Markets Breaking Out. One of the many dynamics that supports our constructive outlook is that emerging mar...
S&P 500 Coiled Spring Our view remains bullish as long as the S&P 500 is above the 2940-2980 support zone and we suggest buying any dips. Additionally, 3076 is a short-term support level to watch on the S&P 500; if 3076 holds it would be further confirmation that the bulls are still in charge. · What Would Alter Our Bullish Outlook? Key support levels we are watching include the 2940-2980 zone on the S&P 500, 9500 on the Nasdaq 100 (or $231.50 on the QQQ), and $133 on the Russell 2000...
Int'l Equity Strategy Global equities were on a tear in early January, continuing the trend that began in 4Q2019. As global equities started to get extended, the coronavirus outbreak hit in mid-January, leading to some market setbacks and deterioration in market indicators as global growth expectations were dialed-in. Despite this deterioration, what was important to us was that there were not any breakdowns. Even the areas of the market most-directly affected by the outbreak -- China (MSCI Chi...
Growth Surging Relative to Value Note: This report is presented in an abbreviated format, as we are in production of our January US Macro Vision book. As we head into Q4 earnings season we remain bullish on the broad market. Our bullish outlook is supported by the themes highlighted below: • Price Trends Remain Bullish. Price trends for major indexes in the US (large-, mid-, and small-caps) and abroad (MSCI EM and EAFE) remain on bullish trajectories. • Internals are Healthy. Advance/dec...
MSCI ACWI, STOXX 600 Breaking Out The market continues to feed off of optimism surrounding the US-China “phase one†trade deal. Boris Johnson's UK election victory has added an additional tailwind, particularly in the UK and Europe, where the UK's FTSE 250 and the STOXX Europe 600 indexes are breaking out to all-time highs. At some point the euphoria is likely to wear off, but with continued global bullish developments, it remains our belief that pullbacks should be bought and that global e...
The S&P 500 continues its march higher, however the troops have been unable to keep up with the generals and with this is an ounce of concern. Sending the generals into battle often ends up with no more leaders. Our view of the markets is to deploy a barbell approach of growth and safety. While growth continues to outperform, it does so without the small-caps. Meanwhile utilities and staples continue to march just behind the growth areas of the market, and have been unable to reach new RS highs ...
The highlight of STMicroelectronics' 2019 analyst day, in our view, was its introduction of its midterm financial model, which was ahead of our expectations on the top line and consistent with our prior assumptions on the gross margin and operating margin lines. We remain pleased with ST's transformation and focus on higher-margin products in analog, automotive, and microcontrollers. Meanwhile, investments in silicon-carbide based power semis may lead to $1 billion of revenue (as targeted) by 20...
The highlight of STMicroelectronics' 2019 analyst day, in our view, was its introduction of its midterm financial model, which was ahead of our expectations on the top line and consistent with our prior assumptions on the gross margin and operating margin lines. We remain pleased with ST's transformation and focus on higher-margin products in analog, automotive, and microcontrollers. Meanwhile, investments in silicon-carbide based power semis may lead to $1 billion of revenue (as targeted) by 20...
STMicro reported mildly disappointing first-quarter results and provided investors with a predictably soft second-quarter forecast in light of the ongoing chip industry downturn. However, ST provided relatively bullish revenue guidance for all of 2019 that was ahead of our prior expectations and implies strong sequential growth in the second half of the year. The two main programs that may move the needle for ST appear to be rising chip content in Apple's next generation of iPhones and silicon c...
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