Brean Capital

The 50th annual Consumer Electronic Show (CES) is scheduled to begin on January 5. The most excitement in the semiconductor space will likely be centered on NVIDIA Corporation (NASDAQ: NVDA), Brean Capital’s Mike Burton said in a report. He maintained a Hold rating on the company. CEO Jen...

Brean Capital’s Frank Longman expects January 2017 to see sector-level mean reversions, with recent laggards (healthcare, discretionary) holding their own against leaders (financials and industrials). Meanwhile, Longman sets 2.65 as a key level for U.S. 10-year rate and put forth various...

Brean Capital believes CBS Corporation (NYSE: CBS) is “extraordinarily well positioned” to benefit from potential wave of consolidation in the media industry despite its merger talks with Viacom, Inc. (NASDAQ: VIAB) not having materialized. Positives The factors favoring CBS include:...

Brean Capital’s Alan Gould mentioned in a note that the arbitrage discount to the AT&T Inc. (NYSE: T) to acquire Time Warner Inc (NYSE: TWX) has shrunk from the high teens to 12 percent. Gould downgraded the rating on Time Warner from Buy to Hold. The AT&T Deal “We note...

Pre-open movers U.S. stock futures traded mostly flat in early pre-market trade. Data on new home sales for November will be released at 10:00 a.m. ET, while the University of Michigan's consumer sentiment index for December is schedule for release at 10:00 a.m. ET. U.S. markets are closed...

Micron Technology, Inc. (NASDAQ: MU) reported better-than-expected first quarter results, driven by both resilient demand trends and improving DRAM pricing. Micron reported proforma EPS of $0.32, above Street and guidance of $0.28, and delivered revenue of $3.97 billion, in line with consensus $3....

Brean Capital’s Ananda Baruah expects Apple Inc. (NASDAQ: AAPL) to post iPhone units for the December quarter in line with expectations, with potential for gross margin upside and against a backdrop of softer March quarter shipments. Baruah maintains a Buy rating on the company, with a price...

Varonis Systems Inc (NASDAQ: VRNS) has recorded license revenue growth of more than 30 percent over the last four quarters. The company should be able to “easily extend its current six straight quarter of solid, consistent quarterly execution in 2017, which should lead to shares commanding...

Brean Capital’s Alan Gould expressed a favorable view of the acquisition of Sky by Twenty-First Century Fox Inc (NASDAQ: FOXA), while mentioning that the stock appeared attractive at the current levels. Gould maintains a Buy rating on the company, with a price target of $33. Lowest Multiple...

Brean Capital’s Eric Tracy expressed continued concern regarding Nike Inc (NYSE: NKE)'s ongoing cyclical slowdown in North America, which offsets international growth levers to a large extent while upside catalysts appear to be limited over the near term. Tracy maintains a Hold rating on...

Following discussions with Stratasys, Ltd. (NASDAQ: SSYS)'s chief financial officer Erez Simha, Brean Capital’s Ananda Baruah said in a report that management is optimistic about the market potential as well as the desire for the company's solutions. Analyst Baruah added, however, that...

During a visit to PTC Inc (NASDAQ: PTC), chief financial officer Andy Miller said the company’s subscription model transition was well ahead of the original schedule and the current maintenance-to-subscription conversion program was boosting overall revenue, Brean Capital’s Yun Kim...

Shares of Twenty-First Century Fox Inc (NASDAQ: FOXA) slid on news of the company reaching a preliminary deal to acquire SKY PLC (ADR) (LON: SKY) (OTC: SKYAY). The selloff appears “overdone,” Brean Capital’s Alan Gould said in a report. He upgraded the rating on the company from...

Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade. The Producer Price Index for November and data on retail sales for November will be released at 8:30 a.m. ET. Data on industrial production for November will be released at 9:15 a.m. ET, while data on business...