Thematic Investing: Electric Vehicles ¶

Automotive Semiconductor Sector Update on 2024-06-23 ¶

Companies covered: NXPI, TXN, STM, IFNNY, QCOM, ADI, ON

• bull bear summaries
• what is driving sales performance?
• how are they doing in the Chinese market?
• what did management say about inventories?

Thematic Insights: AI Companies Q1 2024 earnings prep ¶

Ahead of Q1 2024, lets recap what happened last quarter. Meta, Google, Amazon, Apple, and Microsoft witnessed robust sales performance in Q1 2024, each fueled by distinct strategies. Meta's ad innovations and AI investments, Google's service expansions, Amazon's pricing strategies, Apple's record revenues, and Microsoft's diversified growth all contributed to the stellar results.

META and GOOG shone in profitability, with Meta boasting a $21 billion operating income and a 54% margin, while Google reports $23.7 billion in operating income. Apple impressed with a record gross margin of 45.2%, and Microsoft shows improved operating margins. Share repurchases and cash reserves further underlined their financial prowess, with Google leading in cash reserves at $111 billion.

Thematic Insights: Commodity Supercycle, Oil & Gas management commentary ¶

The refining industry is experiencing various trends and challenges, with companies focusing on enhancing margins through operational efficiency, project advancements, and strategic investments. While some companies like CVE and CVI are emphasizing refining operations and margin-enhancing projects, others like PBR are actively investing in the petrochemical sector to develop bio-based products. VLO, on the other hand, is facing challenges related to petrochemical demand and naphtha market dynamics. Overall, the industry is navigating through a mix of opportunities and obstacles to optimize refining margins and drive sustainable growth.