Apple Inc. (NASDAQ: AAPL) Q2 Will be Tough to Beat
Highlights Q2 (quarter ended March 2021) revenue beat market estimates by 16%, and our estimate by...
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Tag: Large Caps
Microsoft Corp.(NASDAQ: MSFT)-Record Performance Overshadowed by Alphabet’s Results
Highlights Q3 (quarter ended March 31st) revenue beat market estimates by 2.1%, and our estimate...
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Canadian Banks (TSX: RY / TD / BNS / BMO / CM) Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return
Highlights The Big Five’s Q1 earnings beat our estimates primarily due to...
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Apple Inc.(NASDAQ: AAPL) – Q1 Earnings Beat Expectations / Stronger than Expected Sales in China
We are raising our revenue forecasts for FY2021, and FY2022, on the back of faster growth from iPhone sales as well as strong contribution from wearables, home and accessories, and services. We expect iPhone sales to remain strong on continued consumer upgrading, as 5G networks have yet to be fully implemented across the globe. As a result of our higher revenue/EPS projections, and higher sector-average valuation metrics, we are raising our fair value estimate by 21% to $148.12, suggesting a potential return (including dividends) of 8.3% in FY2021.
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Microsoft Corp. (NASDAQ: MSFT)-Strong Q2 / Growth Potential Already Priced-In
Q2 revenue was mainly driven by 51.2% YoY growth in the gaming segment coupled with sustained revenue growth in server products and cloud services (25.8% YoY). We expect server products and cloud services to sustain growth momentum as we believe flexible work arrangements will continue to be part of business operations post-pandemic.
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Canadian Banks(TSX: RY / TD / BNS / BMO / CM) Raising FY2021 Forecasts Amid Improved Outlook from Vaccine Rollout
The Big Five (except CIBC) reported stronger than expected earnings in FY2020. On average, earnings were 11% higher than our expectations. Earnings were higher due to lower-than-expected provisions, as well as faster loan growth in Q4.
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Senior Gold Producers(NYSE: NEM, GOLD, AU) – Strong Q3 from Higher Production and Gold Prices
Highlights All three of the world’s largest gold producers, Barrick, Newmont and AngloGold,...
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Senior Gold Producers(NYSE: NEM, GOLD, AU) – Strong Q3 from Higher Production and Gold Prices
Highlights All three of the world’s largest gold producers, Barrick, Newmont and AngloGold,...
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Senior Gold Producers(NYSE: NEM, GOLD, AU) – Strong Q3 from Higher Production and Gold Prices
Highlights All three of the world’s largest gold producers, Barrick, Newmont and AngloGold,...
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Apple Inc. (NASDAQ: AAPL) – FY2020 EPS Missed Our Estimate by 0.04%
We had predicted the decline in iPhone sales as Apple had announced earlier that their new iPhone 12 series will only be launched after the fiscal year-end. We expect a strong Q1-FY2021 based on sales from iPhone 12.
Wearables, home, and accessories, and services reported strong revenue growth. Although we are concerned about increasing competition for iPhone, we are slightly raising our revenue and EPS forecasts for FY2021 based on stronger growth in wearables, home and accessories, and services. Our forecasts are on the conservative-end of consensus forecasts.
