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How The Street Responded To AT&T's Mega-Deal For Time Warner
Monday, October 24, 2016 - 2:11pm | 398There are at least two things most analysts covering telecomms share in respect to AT&T Inc. (NYSE: T)'s move to buy Time Warner Inc (NYSE: TWX). The first is about the challenges in getting the regulatory approval given the experience of Comcast Corporation (NASDAQ: CMCSA)–NBC deal....
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Telecomms: The Most Interesting Sector Going Into Earnings
Monday, October 24, 2016 - 1:51pm | 538Aside from earnings number, there are some other interesting things happening in the telecom companies. For instance, AT&T Inc. (NYSE: T) is in the news for acquiring Time Warner Inc (NYSE: TWX) and traders are still discussing Verizon Communications Inc. (NYSE: VZ)'s move to buy Yahoo! Inc. (...
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Apple Remains A Top Pick Ahead Of Q4 Results, Brian White Bullish On iPhone Growth Benefits
Monday, October 24, 2016 - 9:41am | 264Drexel Hamilton’s Brian White expects Apple Inc. (NASDAQ: AAPL) to report its sales and EPS ahead of the estimates, when the company reports its Q4 2016 results on Tuesday. White maintained a Buy rating on the company, with a price target of $185. The analyst continues to view Apple as...
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An Attractive Contrarian Story: IBM's Q3 Delivers More Signs Transition Is Moving Forward
Tuesday, October 18, 2016 - 9:06am | 329International Business Machines Corp. (NYSE: IBM) reported its Q3 2016 results, with revenue beating expectations. The company also reiterated its 2016 guidance. Drexel Hamilton’s Brian White maintained a Buy rating on the company, with a price target of $186. White mentioned that...
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IBM's Q3 Earnings Are On The Docket For Monday Afternoon
Monday, October 17, 2016 - 3:21pm | 392International Business Machines Corp. (NYSE: IBM) is scheduled to announce its third-quarter results after the closing bell on Monday. Investor sentiments remain subdued with a slight bias toward bullishness. As far as different brokerages are concerned, there is total unanimity in reiterating...
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Galaxy Note 7 News Has Apple Shares On Fire Again
Tuesday, October 11, 2016 - 12:59pm | 256Apple Inc. (NASDAQ: AAPL) is looking like a hot stock again, with Samsung Electronics (OTC: SSNLF) dealing with significant backlash after officially halting production and sales of its Galaxy Note 7 smartphone. Samsung's stock has dropped over 15 percent in the past five days. Apple...
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Drexel Downgrades Disney On NBA Concerns, Prefers Time Warner Instead
Monday, September 26, 2016 - 10:19am | 266Walt Disney Co (NYSE: DIS) and Time Warner Inc (NYSE: TWX) are already feeling lots of heat from cord-cutting competitors like Netflix, Inc. (NASDAQ: NFLX). However, Drexel Hamilton analyst Tony Wible believes the two traditional TV giants will also soon be dealing with major costs associated...
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Voices From The Street On Oracle's Upcoming Q1; Marc Benioff Calls NetSuite Acquisition 'Desperation Move'
Wednesday, September 14, 2016 - 3:50pm | 438Oracle Corporation (NYSE: ORCL) is set to release its Q1 results, generally the company's slowest quarter, on September 15 after the market closes. Oracle said in July it will pay $9.3 billion to acquire NetSuite Inc (NYSE: N), one of the first cloud-services companies. Salesforce.com, inc. (NYSE:...
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Drexel Suggests Taking Profits In SAIC, Lowers Rating To Hold
Friday, September 9, 2016 - 2:01pm | 344A day after Science Applications International Corp (NYSE: SAIC) reported a second-quarter earnings beat, Drexel Hamilton advised investors to lock profits. Analyst Michael French lowered his rating on the stock to Hold on valuation concerns. Currently, the shares are traded at about 12x analyst...
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Drexel Hamilton Calls The Bottom In Apple
Thursday, September 8, 2016 - 7:36am | 293At its September Event, Apple Inc. (NASDAQ: AAPL) launched the iPhone 7, 7 Plus, Apple Watch Series 2, AirPods and more. The company should return to iPhone unit growth in Q2 and the full year, Drexel Hamilton’s Brian J. White said in a report. He maintained a Buy rating on Apple, with a...
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Despite Investors' Lackluster Response To Splunk's Q2, Drexel Hamilton Analyst Reiterates Buy
Friday, August 26, 2016 - 9:52am | 303Drexel Hamilton analyst Brian White is not worried about Splunk Inc (NASDAQ: SPLK) shares trading in the negative territory after its results announcement. The analyst reiterated his Buy rating and a price tag of $85 on the company's shares, citing strong results and an increased full-year forecast...
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Aerospace, Tech Companies Hit The Road To Meet With Analysts
Tuesday, August 23, 2016 - 11:58am | 432The end of summer is typically a busy season, as many companies participate in roadshows. A roadshow refers to a period in which a company's management team travels around the country (or even internationally) to meet with potential large investors, fund managers and analysts to discuss their...
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Cisco's Q4 Was Strong And Guidance 'Good Enough'
Thursday, August 18, 2016 - 7:43am | 355Cisco Systems, Inc. (NASDAQ: CSCO) reported robust Q4:FY16 results, with “excellent” margin performance. Drexel Hamilton’s Brian J. White maintained a Buy rating on the company, with a price target of $36. White mentioned that the guidance was “good enough,” given...
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Cabot Oil & Gas' Production Could Double In The Next 2 Years
Monday, August 15, 2016 - 2:50pm | 341Drexel Hamilton raised the price target on the shares of Cabot Oil & Gas Corporation (NYSE: COG) to $35 from $31, saying that its review of the firm's pipeline transport and sales additions indicate a strong likelihood that its Marcellus shale natural gas production could double over the next...
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Boeing And Other Top Picks In Aerospace And Defense From Drexel Hamilton
Monday, August 15, 2016 - 1:59pm | 464Drexel Hamilton picked up Boeing Co (NYSE: BA) in the overall aerospace and defense segment. On the commercial side, the brokerage picked up Woodward Inc (NASDAQ: WWD), Esterline Technologies Corporation (NYSE: ESL) and Barnes Group Inc. (NYSE: B). L-3 Communications Holdings, Inc. (NYSE: LLL)...