RESEARCH

Title Date
U.S. Media: A Quarter Like No Other… Part II Oct 18, 2018
Netflix: The S-Curve vs. The Financials Oct 17, 2018
Omnicom: A Glimmer of Hope? Oct 17, 2018
Walmart: Sales Over Margins Oct 17, 2018
IBM 3Q18: An “Anchor” Problem Oct 17, 2018
Crown Castle Q3 2018 Earnings: The Big Reveal (and How to Figure Out What It Actually Means) Oct 17, 2018
Data Centers: Optionality vs. the Elasticity of Supply Oct 16, 2018
Internet Comps 2018-10-15 Oct 15, 2018
MoffettNathanson Antitrust & Public Policy Agenda Oct 15, 2018
Communications Infrastructure Comps 2018-10-15 Oct 15, 2018
Media Comps 2018-10-15 Oct 15, 2018
Advertising Agencies: Jostling for Position Oct 15, 2018
Zayo: From the Ashes... Upgrading to Buy, TP $38 Oct 15, 2018
Telecom Cable Satellite Comps 2018-10-15 Oct 15, 2018
September Retail Sales: Reflate and… Wait for the Holidays Oct 15, 2018
Payments: If You Only Watch 8 Things in 3Q18 Earnings... Oct 12, 2018
Walmart: Analyst Day Preview – Focused on a Long Game in a Multichannel Retail World Oct 12, 2018
AT&T: Crossed Lines… Our Pro Forma “New AT&T” Model Oct 11, 2018
Snap: Did Someone Get The Memo? Oct 9, 2018
Costco: Loyalty + Traffic = Upside in a Reflationary World Oct 9, 2018
RSLI: Uptick to 5%, Raising 4Q Estimates Oct 9, 2018
U.S. Media - Weekly Ratings: 10/1-10/7 Oct 9, 2018
Amazon Joins the Wage Party: What Does it Mean? Oct 8, 2018
Communications Infrastructure Comps 2018-10-08 Oct 8, 2018
Telecom Cable Satellite Comps 2018-10-08 Oct 8, 2018
Internet Comps 2018-10-08 Oct 8, 2018
Media Comps 2018-10-08 Oct 8, 2018
IT Services and Processors Initiation Slides Oct 5, 2018
“It was the best of times, it was the worst of times…” Initiating coverage of IT Services and Processors Oct 4, 2018
NFL Week 4 Ratings – So Far, So Good… Oct 4, 2018
HILI Drops to 3%. Is Affordability the Problem? Oct 1, 2018
Lowe's: Retail's Turnaround Story, Three Months In Oct 1, 2018
Internet Comps 2018-10-01 Oct 1, 2018
Communications Infrastructure Comps 2018-10-01 Oct 1, 2018
Media Comps 2018-10-01 Oct 1, 2018
Telecom Cable Satellite Comps 2018-10-01 Oct 1, 2018
Bed Bath & Beyond: The Melting Ice Cube is Getting Smaller Sep 28, 2018
U.S. Advertising: TV Not Dead Yet? Sep 27, 2018
CarMax: Have it Your (Multichannel) Way Sep 27, 2018
Telecom and Cable & Satellite Marketing Deck Sep 26, 2018
Fox: Out With the Old, In With the New (Fox) Sep 25, 2018
Zayo: As Good As It Gets? Sep 25, 2018
U.S. Cable & U.S. Media: The Winner's Curse: Good for Disney, Bad for Comcast. Downgrading CMCSA to Neutral Sep 24, 2018
Internet Comps 2018-09-24 Sep 24, 2018
Telecom Cable Satellite Comps 2018-09-24 Sep 24, 2018
Media Comps 2018-09-24 Sep 24, 2018
AutoZone: Dialing up the Multichannel Battle Sep 24, 2018
U.S. Cable: Cable's New Bull Case? Conference Call Slides Sep 24, 2018
Communications Infrastructure Comps 2018-09-24 Sep 24, 2018
Sears: What Does a $12bn Share Donation Mean? Sep 21, 2018
AutoNation: Larson’s Choice Sep 20, 2018
PYPL: The Button Wars – PayPal Has 30%+ Share of U.S. Checkout and Counting...How High Can It Go? Sep 20, 2018
Payments Marketing Deck Sep 18, 2018
Comcast: Model Update Sep 18, 2018
Home Depot: Roundtable Visit Takeaways Sep 18, 2018
Media Comps 2018-09-17 Sep 17, 2018
Twitter: Smoke and Mirrors on the Cost Line Sep 17, 2018
U.S. Cable: Cable’s New Bull Case? Margin Expansion and Falling Capital Intensity Sep 17, 2018
Communications Infrastructure Comps 2018-09-17 Sep 17, 2018
Telecom Cable Satellite Comps 2018-09-17 Sep 17, 2018
Internet Comps 2018-09-17 Sep 17, 2018
Kroger: The Food Fight Rages On Sep 14, 2018
August Retail Sales: 5% is Enough. For Now. Sep 14, 2018
Discovery: From Have-Nots to Haves All in a Single Day Sep 14, 2018
Verizon’s 5G Launch (Experiment?): Still More Questions than Answers - September 14, 2018 Sep 14, 2018
CBS: From Uninvestable to Tradeable, Lifting PT to $65 Sep 13, 2018
NFL Week 1 Ratings - A Good Start (with an asterisk) - September 13, 2018 Sep 13, 2018
2Q Earnings Wrap: Is the Amazon Threat Over? Sep 12, 2018
August C3 Ratings - Stuck in the August Rain - September 12, 2018 Sep 12, 2018
MA, V, PYPL: Twelve takeaways from a half-day of management meetings at Mastercard Sep 11, 2018
Communications Infrastructure Comps 2018-09-10 Sep 10, 2018
Internet Comps 2018-09-10 Sep 10, 2018
Telecom Cable Satellite Comps 2018-09-10 Sep 10, 2018
Media Comps 2018-09-10 Sep 10, 2018
RSLI: Jobs and the Wealth Effect Driving the Model Higher Sep 7, 2018
V, MA, PYPL: The Alipay Threat – Insights from Three Days Immersed with Ant Financial in Hangzhou, China Sep 6, 2018
U.S. Media: Just Do It! Watch The NFL? Sep 6, 2018
CBS - Is CBS Getting Less Uninvestable? - September 6, 2018 Sep 6, 2018
U.S. Commercial Wireline: The Slump Continues - September 6, 2018 Sep 6, 2018
WPP: Read-ing the Tea Leaves Sep 5, 2018
U.S. Towers: Assessing Growth Histories and Outlooks Sep 5, 2018
Best Buy: Prepping For the Future, Proactive on the Tariffs Sep 5, 2018
Facebook: Replacing an Engine Mid-Flight; Downgrade to Neutral Sep 4, 2018
Internet Comps 2018-09-04 Sep 4, 2018
Telecom Cable Satellite Comps 2018-09-04 Sep 4, 2018
Communications Infrastructure Comps 2018-09-04 Sep 4, 2018
U.S. Wireless: Is This a Market in Need of "Repair?" Downgrading Verizon to Neutral Sep 4, 2018
Media Comps 2018-09-04 Sep 4, 2018
Amazon: AWS Upside and the $1 Trillion Market Cap Aug 30, 2018
Lowe’s: Hitting the Ground Running. $6+ EPS in 2019 Believable Aug 29, 2018
HILI Recovers in July - Trend Stabilizing Between 3-4% Aug 29, 2018
FDC, WP, GPN: Who is the Fairest of them All? Forecasting Organic Revenue Growth for the Merchant Acquirers Aug 29, 2018
Communications Infrastructure Comps 2018-08-27 Aug 27, 2018
Telecom Cable Satellite Comps 2018-08-27 Aug 27, 2018
Internet Comps 2018-08-27 Aug 27, 2018
Media Comps 2018-08-27 Aug 27, 2018
Target: What About the Next 13 Years? Aug 24, 2018
CenturyLink: Rocky Mountain High... Downgrading to Sell, TP $19 Aug 22, 2018
U.S. Media & Internet: A Shifting Sense of Stability? Aug 22, 2018
Zayo Q4 F2018 Earnings: Considering Quality in Addition to Quantity Aug 22, 2018
Turns Out That Slower Cord-Cutting Wasn’t the Only Surprise in Q2… Broadband Growth Accelerated, Too - August 21, 2018 Aug 21, 2018
Home Depot: Can it Get Any Better Than This? Aug 20, 2018
Telecom Cable Satellite Comps 2018-08-20 Aug 20, 2018
Communications Infrastructure Comps 2018-08-20 Aug 20, 2018
Media Comps 2018-08-20 Aug 20, 2018
Internet Comps 2018-08-20 Aug 20, 2018
Walmart Go Big or Go Home Aug 17, 2018
July Retail Sales: Party Like It’s 7/11 Aug 16, 2018
Best Buy: GreatCall, a Lifeline for Services? - August 16, 2018 Aug 16, 2018
Trumponomics Tariff Slides Aug 15, 2018
Payments Chart of the Quarter: Hang on to those stocks – Payments growth is accelerating Aug 15, 2018
July C3 Ratings - Dog Days of Summer - August 14, 2018 Aug 14, 2018
Communications Infrastructure Comps 2018-08-13 Aug 13, 2018
Internet Comps 2018-08-13 Aug 13, 2018
Media Comps 2018-08-13 Aug 13, 2018
Dish Network: The OTHER Branches of the Tree... Downgrading Back to Sell; Reducing Target Price to $29 Aug 13, 2018
Telecom Cable Satellite Comps 2018-08-13 Aug 13, 2018
Worldpay 2Q18: How hard is $100M in revenue synergies with no Amazon or PayPal? Aug 10, 2018
Sales Sizzle, but Tariffs Add Spice Aug 10, 2018
RSLI: Midsummer Dreaming; With an Eye on the Risks Aug 9, 2018
Viacom: Cat On A Hot Tin Roof Aug 9, 2018
Fox: More Than Meets the Eye Aug 9, 2018
Cable One Q2 2018 Earnings: Why the Premium? Aug 9, 2018
Snap: More Questions Than Answers Aug 8, 2018
Disney: Three Years Later Aug 8, 2018
Discovery: Promises, Promises… Aug 8, 2018
Equinix Q2 2018 Earnings: Positioning for the Future (and Doing Fine Until Then) Aug 8, 2018
Consumer Marketing Deck Aug 8, 2018
Cinemark: Why Not Get More Positive? Aug 8, 2018
O’Reilly: A Little Rocket Science, and a Whole Lot of Culture Aug 8, 2018
CenturyLink Q2 2018 Earnings: Bottom Line or Top Line? Aug 8, 2018
Netflix: Double Trouble for International RPU? Aug 6, 2018
Telecom Cable Satellite Comps 2018-08-06 Aug 6, 2018
Communications Infrastructure Comps 2018-08-06 Aug 6, 2018
Media Comps 2018-08-06 Aug 6, 2018
Payments Sector Marketing Deck Aug 6, 2018
Internet Comps 2018-08-06 Aug 6, 2018
Q2 2018 Cord-Cutting Monitor: Wait, Did That Just Happen? Aug 6, 2018
Wayfair: Giving the Benefit of the Doubt Aug 3, 2018
GPN 2Q18: Global Payments’ Software Strategy is Certainly Different, Jury’s Out on Whether It’s Better Aug 3, 2018
Dish Network Q2 2018 Earnings: What Would a Decision Tree Look Like? Aug 3, 2018
Square 2Q18 Earnings: The Square Dream is... Instant Deposit and Caviar? Aug 2, 2018
AMCX: Bringing a Knife to a Gun Fight Aug 2, 2018
Altice USA Q2 2018 Earnings: Is Cable Cool Again? Aug 2, 2018
Cogent Q2 2018 Earnings: How Much Do I Love Thee? Let Me Count the Cylinders... Aug 2, 2018
CBS: CBS Is… Uninvestable Aug 2, 2018
T-Mobile Q2 2018 Earnings: Would TMUS Really Be Better Off If the Deal Doesn’t Happen? Aug 1, 2018
CyrusOne Q2 2018 Earnings: Success Begets… Aug 1, 2018
Trumponomics Part II: The Risk of Protectionism for Retailers Aug 1, 2018
Sprint CQ2 2018 Earnings: Getting Real Aug 1, 2018
Alphabet: Google Next Takeaways – Postcards From The Cloud Aug 1, 2018
Charter Q2 2018 Earnings: What Would It Take for CHTR to Be a $400 Stock Again Jul 31, 2018
Lumber Liquidators: 2Q Comps a Cut Above, Margins Against the Grain Jul 31, 2018
First Data 2Q18: One Small Step for NA GBS, One Giant Leap for the Turnaround Story Jul 31, 2018
American Tower Q2 2018 Earnings: Rabbit Out of a Hat Jul 31, 2018
SBA Q2 2018 Earnings: US vs. Brazil in the Tower World Cup Finals Jul 30, 2018
Twitter: How Are You Feeling About '19? Jul 30, 2018
Communications Infrastructure Comps 2018-07-30 Jul 30, 2018
Internet Comps 2018-07-30 Jul 30, 2018
Telecom Cable Satellite Comps 2018-07-30 Jul 30, 2018
Media Comps 2018-07-30 Jul 30, 2018
Visa 3Q18 and Mastercard 2Q18: Is Mastercard Really Suddenly Better? Jul 27, 2018
Amazon: 2Q Shows Us the Money... Jul 27, 2018
O’Reilly: 4.6% Comp, but Margins Still Pressured Jul 27, 2018
Sherwin-Williams: Owning Pricing Power in a Reflationary World Jul 26, 2018
PayPal 2Q18: Stand Tall, Checkout Button! Jul 26, 2018
Comcast Q2 2018 Earnings: Ah, What Might Have Been… Jul 26, 2018
CoreSite Q2 2018 Earnings: Balancing the Near Term and the Long Term Jul 26, 2018
Digital Realty Q2 2018 Earnings: REIT vs. TMT Jul 26, 2018
Facebook: The New Reality or Self-Immolation for Self Protection Jul 26, 2018
HILI Snaps Down-Streak in June, Still Not Out of the Woods... Jul 26, 2018
WP, SQ, GPN, FDC: Regulatory tremors in the UK Jul 25, 2018
Interpublic: Who Do You Have To Schtup Around Here? Jul 25, 2018
QTS Q2 2018 Earnings: On the Road to Recovery? Jul 25, 2018
AT&T Q2 2018 Earnings: That’s Showbiz, Folks Jul 24, 2018
Verizon Q2 2018 Earnings: Life without Video Jul 24, 2018
Alphabet 2Q18 Earnings: Nothing To See Here...But Growth & Value Jul 24, 2018
Communications Infrastructure Comps 2018-07-23 Jul 23, 2018
Telecom Cable Satellite Comps 2018-07-23 Jul 23, 2018
Online Advertising: So Much for the GDPR-mageddon Jul 23, 2018
Agree or disagree? Payments coverage initiation FAQs, pushback, and sentiment Jul 23, 2018
Media Comps 2018-07-23 Jul 23, 2018
Internet Comps 2018-07-23 Jul 23, 2018
Data Center Marketing Deck Jul 23, 2018
Amazon: What to Watch for in Q2 Results Jul 23, 2018
Internet Infrastructure Marketing Deck Jul 23, 2018
Towers Marketing Deck Jul 23, 2018
Payments & IT Services Name: Agree or disagree? Payments coverage initiation FAQs, pushback, and sentiment Jul 23, 2018
Genuine Parts Co: Comps Back to 3%, Yet What about the Margins? Jul 20, 2018
U.S. Media: A Quarter Like No Other Jul 19, 2018
Comcast: OutFoxed - July 19, 2018 Jul 19, 2018
Alphabet: Is Google's Cloud Future Less Cloudy - Redux? Jul 18, 2018
Omnicom: Out With The Old Jul 18, 2018
Crown Castle Q2 2018 Earnings: The Dog Days of Summer Jul 18, 2018
Netflix: Stranger Things Jul 17, 2018
Advertising Agencies: Reacting Under Pressure Jul 16, 2018
Communications Infrastructure Comps 2018-07-16 Jul 16, 2018
Prime Day 2018: What You Need to Know Jul 16, 2018
Internet Comps 2018-07-16 Jul 16, 2018
Telecom Cable Satellite Comps 2018-07-16 Jul 16, 2018
June Retail Sales: 5% Growth… Spells R-E-L-I-E-F for Retail Jul 16, 2018
U.S. Communications Infrastructure, Telecom, & Cable: The Case of the Missing Revenue, Revisited Jul 16, 2018
Amazon: Prime Day 2018: What You Need to Know Jul 16, 2018
Media Comps 2018-07-16 Jul 16, 2018
Interpublic: Buyer's Remorse? Jul 12, 2018
Payments Initiation Conference Call Jul 12, 2018
AT&T & Time Warner: TWX Appeal - July 12, 2018 Jul 12, 2018
DIS/FOXA/Sky – Three Paths Forward - July 12, 2018 Jul 12, 2018
“Shall I compare thee to a summer’s day?” Initiating coverage of the Payments sector Jul 11, 2018
Dish Network: The Plot Thickens - July 11, 2018 Jul 11, 2018
U.S. Pay TV: The Other Side of Cord-Cutting… A Rare Glimpse into the Black Box of Video Package Mix Jul 10, 2018
RSLI: Retail Sales Sizzling; Decelerating Trend a Risk Jul 10, 2018
Not Your Father's AFFO... Assessing AFFO Holistically Across the Communications Infrastructure Space Jul 9, 2018
Best Buy: Looking to Succeed, Not Just Survive Jul 8, 2018
HILI Drops Again, Growing Risk to 2H Sales Jul 2, 2018
Internet Comps 2018-07-02 Jul 2, 2018
Media Comps 2018-07-02 Jul 2, 2018
Communications Infrastructure Comps 2018-07-02 Jul 2, 2018
Telecom Cable Satellite Comps 2018-07-02 Jul 2, 2018
Fool’s Gold? Not All Mid-Band Spectrum is Created Equal - July 2, 2018 Jul 2, 2018
Auto Dealer Forum Nuggets, CarMax, AutoNation and More Jun 29, 2018
Bed Bath & Bygone Jun 28, 2018
2nd Annual NYC Advertising Tour 2018 Jun 27, 2018
DIS/FOXA - FOX In the Hand - June 27, 2018 Jun 27, 2018
What Should Amazon Do With Prime Video? Jun 26, 2018
U.S. Media - Weekly Ratings: 6/18-6/24 Jun 26, 2018
Internet Comps 2018-06-25 Jun 25, 2018
Growth Slows, Capacity Grows… Ouch! Jun 25, 2018
Retail Comp Sheet 06-25-2018 Jun 25, 2018
O’Reilly: Tapping the Brakes; Downgrade to Neutral Jun 25, 2018
Telecom Cable Satellite Comps 2018-06-25 Jun 25, 2018
Communications Infrastructure Comps 2018-06-25 Jun 25, 2018
Media Comps 2018-06-25 Jun 25, 2018
CarMax: Delivering Profits; Now Time to Comp Jun 25, 2018
Kroger: Reinventing Themselves for a Multichannel Future Jun 22, 2018
BJs is Coming Back Slides Jun 21, 2018
WSJ Article on Amazon & Washington - June 21, 2018 Jun 21, 2018
Dinosaurs in the Digital Age Slides Jun 20, 2018
Comcast, Fox, and Disney: Net Neutrality in the Age of Aquarius, … or, Why the DOJ Tried the Wrong Case - June 21, 2018 Jun 20, 2018
DIS/FOXA – That Was Obvious! - June 20, 2018 Jun 20, 2018
Dinosaurs in the Digital Age? Initiating Coverage of the Advertising Agencies (WPP, OMC, IPG) Jun 19, 2018
BJs is Coming Back Jun 19, 2018
Telecom Cable Satellite Comps 2018-06-18 Jun 18, 2018
Media Comps 2018-06-18 Jun 18, 2018
Communications Infrastructure Comps 2018-06-18 Jun 18, 2018
Internet Comps 2018-06-18 Jun 18, 2018
Blaming it on Weather, Reinvesting Tax Cuts Jun 15, 2018
Time Warner: Dropping Coverage Jun 15, 2018
May Retail Sales: April Showers Brought May Flowers Jun 14, 2018
Comcast for Fox: It’s Always Sunny in Philadelphia - June 14, 2018 Jun 14, 2018
U.S. Media: Implications of T-TWX Approval; Downgrade TWX to Neutral Jun 13, 2018
VMware: Suspending Coverage Jun 13, 2018
Microsoft: Suspending Coverage Jun 13, 2018
Salesforce: Suspending Coverage Jun 13, 2018
Intuit: Suspending Coverage Jun 13, 2018
Workday: Suspending Coverage Jun 13, 2018
Tableau: Suspending Coverage Jun 13, 2018
Atlassian: Suspending Coverage Jun 13, 2018
Splunk: Suspending Coverage Jun 13, 2018
AT&T: Curb Your Enthusiasm; Downgrading to Sell, PT $28 Jun 13, 2018
Oracle: Suspending Coverage Jun 13, 2018
Adobe: Suspending Coverage Jun 13, 2018
New Relic: Suspending Coverage Jun 13, 2018
Symantec: Suspending Coverage Jun 13, 2018
ServiceNow: Suspending Coverage Jun 13, 2018
Red Hat: Suspending Coverage Jun 13, 2018
RSLI: Downtick to 4.8% on Energy Costs, Less Good Employment & Confidence Jun 12, 2018
Telecom Cable Satellite Comps 2018-06-11 Jun 11, 2018
Equinix: Follow the Feedback...Addressing the Most Common Post-Initiation Client Questions Jun 11, 2018
Communications Infrastructure Comps 2018-06-11 Jun 11, 2018
Internet Comps 2018-06-11 Jun 11, 2018
Media Comps 2018-06-11 Jun 11, 2018
May C3 Ratings – Thank You, LeBron for 22 Playoff Games! - June 11, 2018 Jun 11, 2018
Symantec: Durations Mask a Weakening Bus., Investments and M&A Coming; Reiterate Sell Jun 8, 2018
U.S. Advertising: What Happens if TV Reach Dies? Jun 7, 2018
T-Mobile/Sprint and U.S. Wireless: The HHI Problem Jun 7, 2018
Altice USA: After the Spin; Buy (with a TP of $25) Jun 5, 2018
FOXA/DIS/CMCSA – Let The Sky Bidding War Begin! - June 5, 2018 Jun 5, 2018
Costco: Growing Through the Amazon Effect Jun 4, 2018
Telecom Cable Satellite Comps 2018-06-04 Jun 4, 2018
Target: Driving Traffic, Will EBIT Follow? Jun 4, 2018
Walmart Shareholders Day Lesson: The East India Company Was A Long Game Too Jun 4, 2018
Internet Comps 2018-06-04 Jun 4, 2018
Internet Infrastructure Comps 2018-06-04 Jun 4, 2018
Media Comps 2018-06-04 Jun 4, 2018
Software Comp Sheet 06-04-2018 Jun 4, 2018
What is GitHub and Why is it So Important to The Future of Software? Jun 3, 2018
VMware: Are We Clear To Focus on the Fundamentals? Because They Are Pretty Good Jun 1, 2018
WDAY: Seasonality Aside, Growth is Slowing Jun 1, 2018
U.S. Media: What is the Future of Traditional TV Studios? May 31, 2018
Lowe’s: What Can Marvin Ellison Do To Help Lowe’s? May 31, 2018
Dollar Stores 1Q Miss: More Weather/Food Fight than Amazon. For Now... May 31, 2018
Salesforce: FY18 Strength Continues into Q1 with the Guide Leaving a Lot of Room for Upside May 30, 2018
April Home Improvement Lead Indicator: Will April Showers Bring May Comps? May 30, 2018
Software Comp Sheet 05-29-2018 May 29, 2018
Internet Comps 2018-05-29 May 29, 2018
Splunk: Strength in Adjusted Billings & New Business Gives Us Confidence to Raise Ests. May 29, 2018
Retail Comp Sheet 05-29-2018 May 29, 2018
Intuit: The Consumer ASP Story Has Many More Chapters; TSheets Starts to Contribute May 29, 2018
Communications Infrastructure Comps 2018-05-29 May 29, 2018
Media Comps 2018-05-29 May 29, 2018
Telecom Cable Satellite Comps 2018-05-29 May 29, 2018
Target: The Human Touch Matters in a Digital World May 25, 2018
2018 Connectivity Expo – key takeaways and notes (towers and Dish Network) May 23, 2018
Fox: Love Triangle May 23, 2018
Lowe’s Flash Note: Lucky Penney? Marvin Ellison Named New President & CEO May 22, 2018
Walmart: Flipping Through the Portfolio May 22, 2018
State of the Industry Slides 2018 May 21, 2018
Communications Infrastructure Comps 2018-05-21 May 21, 2018
Internet Comps 2018-05-21 May 21, 2018
Media Comps 2018-05-21 May 21, 2018
Retail Comp Sheet 05-21-2018 May 21, 2018
Software Comp Sheet 05-21-2018 May 21, 2018
Telecom Cable Satellite Comps 2018-05-21 May 21, 2018
Snap: Point Made. Upgrading from Sell to Neutral May 21, 2018
Amazon Prime Slides May 18, 2018
Home Depot: Multichannel Nears 8%, Macro Remains Supportive May 17, 2018
Retail Sales: Is 4% Good Enough for 18% EPS Growth? May 16, 2018
April C3 Ratings – Is Spring in the Air? - May 16, 2018 May 16, 2018
Software Comp Sheet 05-14-2018 May 14, 2018
Retail Comp Sheet 05-14-2018 May 14, 2018
1Q Earnings Preview: Now the Empires Strike Back May 14, 2018
Symantec: 4Q Earnings – This May Be Far From Over. Downgrade to Sell May 11, 2018
Is Maturing Prime Membership a Problem? May 10, 2018
Q1 2018 Cord-Cutting Monitor: Are We All Focusing On the Wrong Number? May 10, 2018
AMC Networks: Too Much Fear of The Walking Dead? May 10, 2018
Tableau: Transition Clouds Fundamentals and Valuation is Extended - Downgrading DATA Shares To Sell May 10, 2018
Fox: The Other Side of Deal Hell May 10, 2018
Dollar General, Dollar Tree, Kroger: It’s Not You…It’s Alexa May 10, 2018
New Relic: They Are Who We Thought They Were! May 9, 2018
Disney: Everything’s Working But The Stock Price May 9, 2018
Cinemark: Will Box Office Growth Live Up To The Hype? May 9, 2018
CenturyLink Q1 2018 Earnings: Where is the Bar Set? May 9, 2018
Discovery: Seeing is Believing? May 9, 2018
Cable One Q1 2018 Earnings: The Best-Behaved Kid in Detention May 9, 2018
Altice USA Q1 2018 Earnings: Spinning May 9, 2018
Dish Q1 2018 Earnings: Something’s Gotta Give May 8, 2018
Walmart & Amazon: Flipping Out? - May 8, 2018 May 8, 2018
Telecom Cable Satellite Comps 2018-05-07 May 7, 2018
5th Annual MoffettNathanson Media & Communications Summit - Final Agenda May 7, 2018
Retail Comp Sheet 05-07-2018 May 7, 2018
Altice USA: Can Altice USA Cure the Cable Flu? May 7, 2018
Communications Infrastructure Comps 2018-05-07 May 7, 2018
Internet Comps 2018-05-07 May 7, 2018
RSLI Suggests Modest Reacceleration in 2H May 7, 2018
Software Comp Sheet 05-07-2018 May 7, 2018
Media Comps 2018-05-07 May 7, 2018
ServiceNow: Knowledge is Power - User Event Confirms Many Routes to 30%+ Top Line Growth May 7, 2018
CBS: The Waiting Is The Hardest Part May 4, 2018
Wayfair: Way Day, Way Day! Time to Get Onboard? May 3, 2018
Cogent Q1 2018 Earnings: History Rhymes – Will It Repeat? May 3, 2018
Zayo Q3 F2018 Earnings: The Immovable Object May 3, 2018
CyrusOne Q1 2018 Earnings: The Pressure to Lease May 2, 2018
Sprint CQ1 2018 Earnings: Why the Merger Is Urgent May 2, 2018
Snap 1Q18 Earnings: A Very Public Work in Progress…At 14X Revenues May 2, 2018
Equinix Q1 2018 Earnings: A Growth Holding Pattern May 2, 2018
Alphabet: Trying to Make Sense of a Very Expensive Quarter May 1, 2018
Marc Wulfraat Bio May 1, 2018
American Tower Q1 2018 Earnings: Consolidation and FirstNet and India, Oh My! May 1, 2018
T-Mobile Q1 2018 Earnings: What Happens if the Deal is Rejected? May 1, 2018
T-Mobile, Sprint, and the Towers: It's Hammer Time Apr 30, 2018
Media Comps 2018-04-30 Apr 30, 2018
Software Comp Sheet 04-30-2018 Apr 30, 2018
Internet Comps 2018-04-30 Apr 30, 2018
Walmart: Battle of the Ages Goes British. God Save the Stores! Apr 30, 2018
Communications Infrastructure Comps 2018-04-30 Apr 30, 2018
SBA Q1 2018 Earnings: How the Other Half Lives (and Invests) Apr 30, 2018
Retail Comp Sheet 04-30-2018 Apr 30, 2018
Telecom Cable Satellite Comps 2018-04-30 Apr 30, 2018
U.S. Cable and Satellite: Sifting Through the Wreckage - April 30, 2018 Apr 30, 2018
Charter Q1 2018 Earnings: How Did Charter Get To Be A Sub-$300 Stock Again? Apr 27, 2018
Tractor Supply: Time to Get Behind the Tractor? Apr 27, 2018
Microsoft: Staggering Q3 Numbers With Several Important Subplots Apr 27, 2018
Amazon: 1Q18: Driving Towards $1 Trillion Apr 27, 2018
5th Annual MoffettNathanson Media & Communications Summit Agenda Apr 27, 2018
U.S. Theaters – CinemaCon 2018 Takeaways: The Year of Harmony - April 27, 2018 Apr 27, 2018
Sherwin-Williams: Pricing Power Matters Apr 26, 2018
Intuit: The Comeback King - TurboTax Retakes Share, Exceeds ASP Expects & Raises Guidance Apr 26, 2018
Expedia: Dropping Coverage Apr 26, 2018
Booking Holdings: Dropping Coverage Apr 26, 2018
Digital Realty Q1 2018 Earnings: Can Pricing Persist? Apr 26, 2018
ServiceNow: Blows Through Another Q1; Growth Story Keeps Getting Better Apr 26, 2018
U.S. Online Travel: Is Global Travel Growth Back, Baby? Apr 26, 2018
CoreSite Q1 2018 Earnings: The Playbook and the Pipeline Apr 26, 2018
TripAdvisor: Dropping Coverage Apr 26, 2018
TWX: Why Sell Now? (Day 2) Apr 26, 2018
Twitter 1Q18 Earnings: Get It, Got It, Sell Apr 25, 2018
VIAB: Why Sell Now? Apr 25, 2018
Amazon: What to Watch for in Q1 Results Apr 25, 2018
QTS Q1 2018 Earnings: A First Look at the “New” QTS Apr 25, 2018
Facebook 1Q18 Earnings: No Nipple Slips Here Apr 25, 2018
AT&T Q1 2018 Earnings: Does AT&T Need a Plan B? Apr 25, 2018
Comcast Q1 2018 Earnings: Wag the Dog Apr 25, 2018
U.S. Media: The Very Definition of “Deal Hell” Apr 24, 2018
Auto Aftermarket: Blame it On The Weather (50bps Hit in April) Apr 24, 2018
HILI: Deceleration to 4.9% Doesn’t Look Like 2007. Yet. Apr 24, 2018
Verizon Q1 2018 Earnings: Why 5G Matters Apr 24, 2018
Google 1Q18 Earnings: Sloppy but Strong Apr 24, 2018
Lowe’s: Deep Dive Meeting Takeaways Apr 24, 2018
Software Comp Sheet 04-23-2018 Apr 23, 2018
Retail Comp Sheet 04-23-2018 Apr 23, 2018
Communications Infrastructure 2018-04-23 Apr 23, 2018
Media Comps 2018-04-23 Apr 23, 2018
Internet Comps 2018-04-23 Apr 23, 2018
Telecom Cable Satellite Comps 2018-04-23 Apr 23, 2018
Red Hat: Management Meetings Strengthen Our Already High Conviction in Growth & Upside Apr 23, 2018
Film Studios: Will Size Matter in Hollywood? Apr 23, 2018
Spectrum: The Sky is Falling - April 22, 2018 Apr 22, 2018
Genuine Parts Co. Sluggish Auto Demand: Cyclical or Secular? Apr 20, 2018
Not All Raised Floor Is Created Equal: Initiating Coverage of the Data Centers [Conference Call Transcript] Apr 20, 2018
Atlassian: Strong Q3 Results, Yet Not Enough To Keep The Wind In The Sails Apr 20, 2018
CarMax: Analyst Day Learnings; Trimming Comps for the Value Gap Apr 19, 2018
Genuine Parts Co 1Q Earnings Flash Apr 19, 2018
Amazon Letter to Shareholders, Setting a New Standard - April 19, 2018 Apr 19, 2018
New Relic: Great Story with Room to Run Apr 18, 2018
Crown Castle Q1 2018 Earnings: MLAs on Our Minds Apr 18, 2018
Inaugural MoffettNathanson Retail Summit: The More Things Change, The Faster They Change Apr 17, 2018
1Q Online Advertising: Queue the Questions Apr 17, 2018
Salesforce: Meetings with Keith Block, Field Checks and M&A Analysis Point to More Upside Apr 17, 2018
PaaS Wars Slides Apr 17, 2018
NFLX: Winning Hearts & Minds Everywhere Apr 17, 2018
Genuine Parts Co.: SPR Divestiture - Addition by Subtraction Apr 16, 2018
Discovery: Will Investors Discover It? Apr 16, 2018
Telecom Cable Satellite Comps 2018-04-16 Apr 16, 2018
Bed Bath & Beyond: Walking up a Down Escalator Apr 16, 2018
March Retail Sales: Out Like a Lamb Apr 16, 2018
Retail Comp Sheet 04-16-2018 Apr 16, 2018
Software Comp Sheet 04-16-2018 Apr 16, 2018
Media Comps 2018-04-16 Apr 16, 2018
Communications Infrastructure Comps 2018-04-16 Apr 16, 2018
Internet Comps 2018-04-16 Apr 16, 2018
Not All Raised Floor Is Created Equal: A Companion to Our Data Center Initiation Report Apr 16, 2018
Data Center Initation Slides Apr 13, 2018
Infor: Owning The Last Mile & Pivoting to the Cloud, Commerce Network and Data Science Apr 12, 2018
Amazon & Trump: Neither Rain, Nor Heat, Nor Postal Tweet Apr 10, 2018
T-Mobile: The Case for $80 per Share Apr 10, 2018
Not All Raised Floor Is Created Equal: Initiating Coverage of the Data Centers (COR, CONE, DLR, EQIX, QTS) Apr 9, 2018
2018 eComm Survey Slides Apr 9, 2018
Telecom Cable Satellite Comps 2018-04-09 Apr 9, 2018
Retail Comp Sheet 04-09-2018 Apr 9, 2018
PaaS Wars; Demystifying the PaaS Market and Related Investment Opportunities Apr 9, 2018
Internet Infrastructure Comps 2018-04-09 Apr 9, 2018
Software Comp Sheet 04-09-2018 Apr 9, 2018
Internet Comps 2018-04-09 Apr 9, 2018
Media Comps 2018-04-09 Apr 9, 2018
CBS & VIAB: Shari’s Choice - April 9, 2018 Apr 9, 2018
2018 eCommerce Survey: Ready or Not – Here Comes Voice Shopping Apr 5, 2018
Snap Focus Group Part II Slides Apr 5, 2018
CarMax: Mind the Value Gap Apr 5, 2018
Cinemark: Cyclical Outweighs Secular (For Now); Upgrade to Neutral Apr 5, 2018
Retail Summit Agenda Apr 4, 2018
Netflix: A Clash of Heart vs. Mind Apr 4, 2018
Advance Auto Parts: CFO Change Another Step on a Transformative Journey Apr 3, 2018
RSLI: Consumer Looks Strong, If the Market & Tariffs Don’t Screw It Up Apr 3, 2018
Wayfair: A Unique Take on Home Goods Apr 2, 2018
Internet Infrastructure Comps 2018-04-02 Apr 2, 2018
Software Comp Sheet 04-02-2018 Apr 2, 2018
Media Comps 2018-04-02 Apr 2, 2018
Splunk: The FY19 Guide and Outlook Are Much Better than They Might Appear Apr 2, 2018
Lowe’s: The Waiting is the Hardest Part Apr 2, 2018
Retail Comp Sheet 04-02-2018 Apr 2, 2018
Internet Comps 2018-04-02 Apr 2, 2018
Telecom Cable Satellite Comps 2018-04-02 Apr 2, 2018
Snap Focus Group Part II: “Who Were the Beta Testers?” Apr 2, 2018
CarMax: 4Q Rocky, March Comp/ Inventory Spell Relief Mar 29, 2018
RH: Trading Growth for Profits in 2018 Mar 29, 2018
Should You #DeleteFB From Your Portfolio? Slides Mar 28, 2018
Comcast: The Rhyme of History Mar 28, 2018
Red Hat: Big Numbers on a Big Compare in a Blowout 4Q Mar 27, 2018
Telecom Cable Satellite Comps 2018-03-26 Mar 26, 2018
Facebook: Should You #DeleteFB From Your Portfolio? Mar 26, 2018
Software Comp Sheet 03-26-2018 Mar 26, 2018
Communications Infrastructure 2018-03-26 Mar 26, 2018
Retail Comp Sheet 03-26-2018 Mar 26, 2018
Internet Comps 2018-03-26 Mar 26, 2018
Media Comps 2018-03-26 Mar 26, 2018
Dish Network: Finally Fairly Valued? Upgrading to Neutral (from Sell); PT Unchanged at $37 Mar 23, 2018
HILI Healthy: EHS and Confidence Bounced Back, but so did Rates Mar 23, 2018
Amazon, Walmart, and Kroger: Food Fight at Your Doorstep Mar 22, 2018
Viacom: What Do They See That We Don’t? Mar 22, 2018
Salesforce: MULE Makes the CRM Platform & Applications Better, Stronger & Faster Mar 21, 2018
Oracle: Largely In-Line Q3/Guide Albeit Complex – Buyback and Taxes Starting to Drive EPS Growth Mar 20, 2018
The Rise of the Closed Media System - March 20, 2018 Mar 20, 2018
U.S. Media - Weekly Ratings: 3/12-3/18 Mar 20, 2018
Internet Infrastructure Comps 2018-03-19 Mar 19, 2018
Software Comp Sheet 03-19-2018 Mar 19, 2018
Internet Comps 2018-03-19 Mar 19, 2018
Media Comps 2018-03-19 Mar 19, 2018
Telecom Cable Satellite Comps 2018-03-19 Mar 19, 2018
Intuit: CEO Meetings Further our Conviction in Strong Consumer Tax and Growth in QuickBooks Mar 19, 2018
Retail Comp Sheet 03-19-2018 Mar 19, 2018
Adobe: Another Q - Another Spectacular Print Mar 16, 2018
Lumber Liquidators Deep Dive Notes Mar 16, 2018
Dollar General: Greater Retention Bumps Outlook; Sustainability Key Mar 16, 2018
Williams Sonoma: Setting the Table for Multichannel Growth Mar 16, 2018
Comcast, Fox and Disney: The Three-Way Fight for Sky Slides Mar 16, 2018
Dollar General 4Q Earnings Flash: Defying Gravity Mar 15, 2018
Mark Wulfraat Bio Mar 15, 2018
U.S. Towers: The Small Cell through the Python, and Other Tales Mar 14, 2018
Google & Facebook: Too Big to Grow? Mar 14, 2018
February Retail Sales: If the Shoe Fits… 4.5% Growth Still On Track Mar 14, 2018
Retail Earnings Wrap: Do Investments Make Sense? Mar 14, 2018
February C3 Ratings – NBC 10, Media 0 - March 14, 2018 Mar 14, 2018
Microsoft: New and Better Azure Math and $2-3B in Risk to Consensus that More Buybacks Can Largely Offset Slides Mar 13, 2018
Retail Comp Sheet 03-12-2018 Mar 12, 2018
Comcast: The Sky’s the Limit? Mar 12, 2018
Software Comp Sheet 03-12-2018 Mar 12, 2018
Weekend Review of Salesforce’s 10-k Yields Several Useful Nuggets - March 12, 2018 Mar 12, 2018
Kroger: More To Spend, But Is There More (Share) To Gain? Mar 9, 2018
Costco: Riding Loyalty in a Multichannel Retail Storm Mar 9, 2018
Regal: Dropping Coverage Mar 9, 2018
Dollar Tree: Detoured, But Not Derailed Mar 8, 2018
CenturyLink, Zayo, and Cogent: Who’s Winning the Battle for Value Creation? Mar 8, 2018
KR 4Q Earnings Flash: Playing for Long Term Growth; Paying for it Today Mar 8, 2018
Target: Knowing What You Don’t Know Mar 7, 2018
Dollar Tree Earnings Flash: Investment Year Meets High Expectations Mar 7, 2018
Initial Retail Summit Agenda Mar 7, 2018
U.S. Media: Did the Market Make a Mistake in Aug 2015? Mar 6, 2018
AN: Trimming 1Q Sales & EBIT; NVLI Says Don’t Expect Much 2H18 Relief Mar 6, 2018
Target 4Q Earnings Flash: Traffic Mojo at a Cost Mar 6, 2018
NVLI Forecast Holds Steady Despite a Softer Start to ‘18 - March 6, 2018 Mar 6, 2018
U.S. Media – Weekly Ratings: 2/26-3/4 Mar 6, 2018
Media Comps 2018-03-05 Mar 5, 2018
Telecom Cable Satellite Comps 2018-03-05 Mar 5, 2018
Communications Infrastructure Comps 2018-03-05 Mar 5, 2018
Retail Sales Lead Indicator Moves Higher; Tax Cut Cavalry Should Start to Help Mar 5, 2018
Retail Comp Sheet 03-05-2018 Mar 5, 2018
Tractor Supply: Backup the Tractor, Upgrade to Buy Mar 5, 2018
Software Comp Sheet 03-05-2018 Mar 5, 2018
Internet Comps 2018-03-05 Mar 5, 2018
SPLK: Pivotal Q4, Drivers in Place for Strong F19 Mar 2, 2018
BBY: Raising the Bar Mar 2, 2018
VMW: Fundamentals Continue to Prove Resilient but Dell Remains an Overhang on the Stock Mar 2, 2018
AMCX: Advertising is Down… Now What? Mar 2, 2018
Verizon Matt Ellis Notes Mar 2, 2018
Q4 2017 Cord-Cutting Monitor: Yes, the vMVPDs Are Growing… Like Weeds Mar 1, 2018
LOW: Will Bad News Be Good News? Mar 1, 2018
Cable One Q4’17 Earnings: Canary in the Coal Mine, Part II Mar 1, 2018
BBY 4Q Earnings Flash Mar 1, 2018
CRM: Holy Bookings! Q4 Sets Table for Strong 19 Mar 1, 2018
WDAY: Huge Q4 Billings, FCF To Follow in FY19/20 Feb 28, 2018
LOW: 4Q Earnings Flash Feb 28, 2018
Verizon (VZ): Is It Finally Safe to Go Back in the Water? Upgrading Back to Buy, Price Target $56 Feb 28, 2018
LL: From ICU to Rehab Feb 28, 2018
DISCA: Two Out of Three Ain’t Bad! Feb 28, 2018
Booking Holdings 4Q17 Earnings: The Artist Formerly Known as Priceline Jams Out As It Closes 2017 Feb 28, 2018
TGT: Pricing Out Multichannel Future. Could Late to the Party Mean Better Returns? Feb 28, 2018
AZO: Walking (not Running) in Memphis Feb 28, 2018
DIS/FOXA – (Sky) Now What? - February 28, 2018 Feb 28, 2018
AZO 2Q18 Earnings Flash Feb 27, 2018
Altice USA Q4 2017 Earnings: Trouble Me? Feb 27, 2018
American Tower Q4 2017 Earnings: A Passage to India Feb 27, 2018
MSFT: New and Better Azure Math and $2-3B in Risk to Consensus that More Feb 26, 2018
Retail Comp Sheet 02-26-2018 Feb 26, 2018
Internet Comps 2018-02-26 Feb 26, 2018
Telecom Cable Satellite Comps 2018-02-26 Feb 26, 2018
Software Comp Sheet 02-26-2018 Feb 26, 2018
Media Comps 2018-02-26 Feb 26, 2018
Internet Infrastructure Comps 2018-02-26 Feb 26, 2018
SBA Q4 2017 Earnings: Mr. Clean…Still Clean? Feb 26, 2018
W: Icarus?... Feb 23, 2018
CNK: Where To From Here? Feb 23, 2018
INTU: Positive Signs on Tax ASPs and Units in Q2 Feb 23, 2018
AAP: Turnaround Potential Tantalizing; Execution Risk Remains Feb 23, 2018
WDAY: FY19/20 Have the Makings of an Inflection Feb 22, 2018
Wayfair Flash Note Feb 22, 2018
HILI Ticks Back to Good Following Hurricane Boost Feb 22, 2018
HD Playing for Keeps Feb 22, 2018
Cogent Q4 2017 Earnings: Waiting for Godot’s Usage to Show Up in Traffic Volumes Feb 22, 2018
U.S. Internet: “And the First One Now Will Later Be Last" Feb 22, 2018
WMT: Growing Pains, Heightened Expectations, or Both? Feb 21, 2018
Dish Network Q4 2017 Earnings: Less than Zero? Feb 21, 2018
GPC: Modest Growth Finding Its Price Feb 21, 2018
Telecom Cable Satellite Comps 2018-02-20 Feb 20, 2018
WMT 4Q Earnings Flash: Questions Ahead of Walmart’s First Live Investor Call Feb 20, 2018
HD 4Q Earnings Flash Feb 20, 2018
Software Comp Sheet 02-20-2018 Feb 20, 2018
Internet Infrastructure Comps 2018-02-20 Feb 20, 2018
Media Comps 2018-02-20 Feb 20, 2018
U.S. Media: It’s Hard to Be a Short in the City; Upgrade DISCA and AMCX to Neutral Feb 20, 2018
Internet Comps 2018-02-20 Feb 20, 2018
TEAM: Turning the Software Model Upside Down Feb 16, 2018
CBS: Les(s) Is More? Feb 16, 2018
4Q17 EPS Preview: What to do with the Cash? What Does it Mean for the Stocks? Feb 15, 2018
NOW CEO Meeting Underscores Growth Potential Feb 15, 2018
TripAdvisor 4Q17 Earnings: Lowering the Bar Feb 15, 2018
Home Earnings Preview: Rate Fears Provide Opportunity Feb 15, 2018
CenturyLink Q4 2017 Earnings: Showing Some Skin Feb 14, 2018
Google vs. Amazon Advertising Slides Feb 14, 2018
U.S. Telecommunications: Do the Facts Fit the Narrative? Feb 14, 2018
Shot Through the Heart? More Confirmation of 4.5% growth in 2018. Feb 14, 2018
January C3 Ratings – Not a Good Way to Start the Year! - February 14, 2018 Feb 14, 2018
AMZN: Earth is a Big Market, Part II. Feb 13, 2018
Is Amazon’s 93% Renewal Rate Pressuring Club Memberships? Feb 13, 2018
U.S. Online Travel: Is Airbnb Ready for Primetime? Feb 12, 2018
Internet Infrastructure Comps 2018-02-12 Feb 12, 2018
Retail Comp Sheet 02-12-2018 Feb 12, 2018
Software Comp Sheet 02-12-2018 Feb 12, 2018
Telecom Cable Satellite Comps 2018-02-12 Feb 12, 2018
Internet Comps 2018-02-12 Feb 12, 2018
Media Comps 2018-02-12 Feb 12, 2018
EXPE 4Q17 Earnings Review: Death by a Thousand Cuts Feb 9, 2018
ORLY 4Q17: Pole Position to Reinvest Feb 9, 2018
ORCL: Embracing the Great Capital Position Feb 9, 2018
INTU: Can It Win the Race After Slow Start? Yes Feb 9, 2018
NVLI Forecast Flashes Red for 2H18 - February 9, 2018 Feb 9, 2018
T-Mobile Q4 2017 Earnings: Can TMUS Pull Off a Smooth Handoff from Growth to FCF? Feb 8, 2018
FOXA: See Dickens & Disney Feb 8, 2018
VIAB: Deal or No Deal? Feb 8, 2018
Twitter4Q17: Is thisa Turn orJust A Really Big Q4? Feb 8, 2018
COST Barking Up the Right Tree; Year of the Dog Starting off Strong - February 8, 2018 Feb 8, 2018
Snap 4Q17 Earnings: Snapping Back? Feb 7, 2018
Zayo Q2 F2018 Earnings: One Year Later Feb 7, 2018
DIS: Multiple Ways To Win Feb 7, 2018
ORLY 4Q Earnings Flash: New CEO, Retaining 70% of Tax Cuts in Year 1 Feb 7, 2018
Trivago 4Q17 Earnings: Picking Itself Up Off the Floor, But Still Finding It’s Footing - February 7, 2018 Feb 7, 2018
Retail Sales Lead Indicator (RSLI): To the Moon … And Back Feb 6, 2018
U.S. Media: What’s a Programmer to Do? Feb 6, 2018
Retail Comp Sheet 02-05-2018 Feb 5, 2018
Internet Infrastructure Comps 2018-02-05 Feb 5, 2018
GOOGL & AMZN: What Happens When Giants Collide? Feb 5, 2018
Telecom Cable Satellite Comps 2018-02-05 Feb 5, 2018
Media Comps 2018-02-05 Feb 5, 2018
Internet Comps 2018-02-05 Feb 5, 2018
INTU’s Consumer Challenge, ORCL’s New Buyback and AWS CAPX Feb 5, 2018
Software Comp Sheet 02-05-2018 Feb 5, 2018
GOOGL & AMZN: What Happens When Giants Collide? Feb 5, 2018
KR: C-Stores Sold. Don’t Box(ed) KR in - February 5, 2018 Feb 5, 2018
DATA: Q4 Strong As Expected, But LT Questions Remain Feb 2, 2018
Sprint Q4 2017 Earnings: How Long Can “Unsustainable” be Sustained? Feb 2, 2018
Google 4Q17 Earnings: Twenty–Twenty Feb 2, 2018
Charter Q4 2017 Earnings: Groundhog Day Feb 2, 2018
FB 4Q17 Earnings: (News) Feed-ing us a Line About 2018 Feb 1, 2018
TSCO: Mud on the Tires: Can Tractor Pull Out of Investment Cycle? Feb 1, 2018
NOW: Upselling Customers, Investing for Growth Feb 1, 2018
AN: Florida Trumps Switzerland Feb 1, 2018
TWX: Increased Confidence Feb 1, 2018
MSFT: More Stones Added to the Castle in F2Q18 Feb 1, 2018
SYMC: Enterprise Business In Transition Feb 1, 2018
First Take: AMZN Not Slowing Down; 30% of U.S. Retail Growth Feb 1, 2018
TWX: Deal or No Deal, Upgrade to Buy Jan 31, 2018
One Month and Retail is Flying Jan 31, 2018
AT&T Q4 2017 Earnings: Fundamentals vs. Tax Reform Jan 31, 2018
Not a Kids Game: Toys R Us Pain is WMT/TGT & AMZN’s Gain Jan 31, 2018
FOXA –New Fox Puts Money Where Its Mouth Is - January 31, 2018 Jan 31, 2018
Red Hat Doubles Down on Containers and Kubernetes, acquires CoreOS - January 31, 2018 Jan 31, 2018
Retail Comp Sheet 01-30-2018 Jan 30, 2018
U.S. Theaters: Cyclical vs. Secular and Studio Leverage? Jan 30, 2018
HILI: No Slowdown in Home Improvement Jan 30, 2018
AMZN: Alexa, Test My Blood? - January 30, 2018 Jan 30, 2018
U.S. Media: Now the NFL Should Worry! Jan 29, 2018
Media Comps 2018-01-29 Jan 29, 2018
Communications Infrastructure Comps 2018-01-29 Jan 29, 2018
Internet Comps 2018-01-29 Jan 29, 2018
AMZN Q4 Preview: Prime Seasoning + Voice Shopping + Ad Revenues = More Growth Jan 29, 2018
Telecom Cable Satellite Comps 2018-01-29 Jan 29, 2018
Software Comp Sheet 01-29-2018 Jan 29, 2018
Dell Considering Strategic Options, Including the Acquisition of the Rest of VMW - January 29, 2018 Jan 29, 2018
MSFT: More Stones to build the Castle in CY18? Jan 26, 2018
LOW: Activism Matters… Jan 26, 2018
SHW: Flash Note 4Q17 Jan 25, 2018
SHW: Paint Straight, Base Case $456 Jan 25, 2018
AT&T (T): A Tax Reform Windfall… but Is That Enough to Change the Narrative? Still Neutral with a TP of $35. Jan 25, 2018
Comcast Q4 2017 Earnings: A Little Self-Help, Please? Jan 24, 2018
4Q OTA Preview: Is There Light at the End of the Tunnel? Jan 24, 2018
Crown Castle Q4 2017 Earnings: The Case for Crown Jan 24, 2018
DATA: Untangling The Factors Impacting Q4 & FY18 Jan 23, 2018
NFLX: Hello $100 Billion Jan 23, 2018
ADBE: EPS, Cashflow and PT Continue to March Higher Jan 23, 2018
NATPE 2018: Addressing Key Media Investor Debates Jan 23, 2018
Verizon Q4 2017 Earnings: Perchance to Dream Jan 23, 2018
U.S. Media: Stranger Things Jan 22, 2018
Detroit Auto Show: The More Things Change… Jan 22, 2018
Software Comp Sheet 01-22-2018 Jan 22, 2018
Auto Aftermarket Stocks are Flying, but are the Fundamentals? Jan 22, 2018
WMT: Sam’s Closures: A $4bn Ante. Is BJ’s the Next Game? Jan 19, 2018
COST Sam’s Closures - Addition by Subtraction - January 19, 2018 Jan 19, 2018
Comcast: In the Sweet Spot of Tax Reform; Raising Target Price to $52 Jan 18, 2018
The 2018 Software Outlook--Long and Strong Jan 18, 2018
The 2018 Software Outlook--Long and Strong Jan 18, 2018
4Q Online Ad Preview: Rising Tide Should Lift Most Boats Jan 17, 2018
AN: Tax Reform Boost On Track; Retention Debate Remains Jan 16, 2018
Software Comp Sheet 01-18-2018 Jan 16, 2018
Verizon (VZ): Tax Reform Giveth, Tax Reform (Inflation) Taketh Away; Downgrading to Neutral, Target $56 Jan 16, 2018
CBS + VIAB: Now More Than Ever! Jan 16, 2018
NVLI Forecast Shows Steady Ship in 1H18 - January 16, 2018 Jan 16, 2018
Does Tax Reform Mean Anything for CenturyLink? - January 16, 2018 Jan 16, 2018
December Retail Sales: Strongest in Over a Decade Jan 12, 2018
U.S. Media: May the FOX Be With You – An Update Jan 12, 2018
WMT: Bentonville’s Reinvestment Strategy Taking Shape Jan 11, 2018
ADBE: The Elements of 18-20% LT Digital Media Growth Jan 11, 2018
Retail 2018 Outlook Slides Jan 11, 2018
CES 2018–Key Takeaways - January 11, 2018 Jan 11, 2018
What, Me Worry? The 2018 Season Kicks Off - January 11, 2018 Jan 11, 2018
SPLK: Mgmt. Transition a Non Event; Business Trends Still Good - January 10, 2018 Jan 10, 2018
U.S. Media & Internet: Why Has the New Tax Law NOT Impacted Stocks? Jan 9, 2018
NOW: Perhaps the Best Unit Economics in SaaS Jan 9, 2018
TGT: Recapturing the Mojo Jan 9, 2018
U.S. Media - Weekly Ratings: 1/1-1/7 Jan 9, 2018
Software Comp Sheet 01-08-2018 Jan 8, 2018
Charter (CHTR): Better Late than Never; Upgrading to Buy with a Post-Tax-Reform Price Target of $436 Jan 8, 2018
WSJ is Off-Base on Tax Reform Impact - January 8, 2018 Jan 8, 2018
Red Hat: It’s Time to Start Believing in Double Digit Infrastructure Growth Slides Jan 5, 2018
U.S. Advertising: What Happens as You Turn the Page? Jan 5, 2018
Red Hat: It’s Time to Start Believing in Double Digit Infrastructure Growth Slides Jan 5, 2018
MN Retail 2018 Outlook: Crunch Time (to Spend the Tax Cuts) Jan 4, 2018
Splunk Initiation Slides Jan 4, 2018
HILI Continues to Build—Highest Reading Since June ‘15 Jan 4, 2018
COST December Sales: A Shovel Full of Share - January 4, 2018 Jan 4, 2018
KMX: Narrowing Used to New Car Spread Hurts; but Tax Reform Bumps EPS Dec 22, 2017
Trumponomics: Lowest U.S. Corp Tax Rates Since the 1930s. Now What? Dec 21, 2017
We Checked the List: BBBY More Naughty Than Nice Dec 20, 2017
RHT: Q3 Unwraps Gifts in Both Infrastructure & App Delivery Dec 20, 2017
Facebook: Is it Time to Get Out? Dec 19, 2017
2017 Holiday Survey: Is Santa a Prime Member? Dec 19, 2017
SPLK: The Wait is Over - Now is the Time to Buy SPLK Dec 18, 2017
Software Comp Sheet 12-18-2017 Dec 18, 2017
2017 Holiday Survey: Is Santa a Prime Member? Dec 17, 2017
Adobe: No Need for Photoshop Here – A Beautiful Print Dec 15, 2017
ORCL: Patience is a Virtue Dec 15, 2017
U.S. Online Travel: Can HomeAway Catch Airbnb Slides Dec 14, 2017
COST: Learning How To Sell You Stuff Dec 14, 2017
Software M&A Picking Up; Outlook for 2018 Dec 14, 2017
November Retail Sales: Christmas Came Early Dec 14, 2017
U.S. Media - What the FOX Just Happened? Starting With The Math - December 14, 2017 Dec 14, 2017
Net Neutrality and the Path Forward Dec 14, 2017
Last Mile Battle: TGT Shipts to Offense Dec 13, 2017
Cost: Survey Says: Keep Scalin’ the AMZN Wall of Worry Dec 13, 2017
INTU: Price Increases, Potential Live Attach Give Us Further Confidence in Consumer Tax Dec 13, 2017
November C3 Ratings – Worse Than We Thought Dec 13, 2017
Home Depot to Amazon: Game-On Dec 12, 2017
Snap: Snap Back to Life? Dec 12, 2017
Profiting From Turmoil Slides 1 Dec 12, 2017
What the FOX is Going On? Part II Dec 11, 2017
Software Comp Sheet 12-11-2017 Dec 11, 2017
Profiting From Turmoil Slides Dec 11, 2017
Dollar General Corp: DG Dec 8, 2017
RHT: Tis the Season to Start Believing in Double Digit Infrastructure Growth Dec 8, 2017
U.S. Telecom and U.S. Cable & Satellite: Tax Reform Winners and Losers Dec 7, 2017
U.S. Online Travel: Can HomeAway Catch Airbnb? Dec 7, 2017
DG 3Q17 Quick Comment Dec 7, 2017
AutoZone 1Q18: Still in the FriendZone Dec 6, 2017
U.S. Theaters: Selling Just In Time? Upgrade RGC to Neutral, Maintain CNK Sell Dec 6, 2017
RH 3Q17 Earnings Report: Imagining the Math Dec 6, 2017
HD: 2017 Analyst Day Quick Comment Dec 6, 2017
HD 2017 Analyst Day Preview Dec 5, 2017
U.S. Towers: Where To From Here? Searching for Edge Dec 5, 2017
U.S. Media - L.A. Trip Takeaways: From Evolution To Revolution Dec 5, 2017
AZO: AutoZone 1Q18 Quick Comment Dec 5, 2017
BBY Initiation: Taking the Service Road, But Will They Run Into Traffic? Dec 4, 2017
DG Initiation: TREF Intriguing, Entry Point Elusive Dec 4, 2017
SHLD Initiation: Requiem for the American Retailing Dream Dec 4, 2017
Software Comp Sheet 12-4-2017 Dec 4, 2017
AN Initiation: Retail Turnaround Adds Risk, Reward Dec 4, 2017
HD Initiation: Best House on the Block… Expanding the Neighborhood Dec 4, 2017
Home Initiation: In Retail, Home is Where the Heart (and Profit) is… Dec 4, 2017
WSM Initiation: Setting the Table for Multichannel Growth Dec 4, 2017
AMZN Initiation: $1 Trillion? Earth is a Pretty Big Market. Dec 4, 2017
COST Initiation: Membership and Retail Done Right Dec 4, 2017
KMX Initiation: Omnichannel Posterchild Capped by Comp Moderation Dec 4, 2017
SHW Initiation: Paint it Green, Base Case $420 Dec 4, 2017
Auto Parts & Auto Dealers Initiation: Oversupply or Lack of Demand? Dec 4, 2017
GPC Initiation: Margin Pressure Tips Risk Reward, Initiate Sell Dec 4, 2017
KR Initiation: Stocking Our Shelves with KR at 13x Dec 4, 2017
LL Initiation: After a Visit to the School of Hard Knocks, Can LL Reclaim Hardwood? Dec 4, 2017
TGT Initiation: The Cost of Relevance Dec 4, 2017
TSCO Initiation: Back to Back Warm Winters – Can Tractor Pull Out of the Mud? Dec 4, 2017
LOW Initiation: Perfect is not the Enemy of Good Dec 4, 2017
Retail Revolution: Profiting from Turmoil Dec 4, 2017
RH Initiation: After Heavenly Guidance is Faith Restored? Dec 4, 2017
WMT Initiation: Not Going Away. With a Vengeance Dec 4, 2017
BBBY Initiation: A Survivor on the Street, Trouble in the Sheets? Dec 4, 2017
DLTR Initiation: Dip into the Dollar Bin for Growth Dec 4, 2017
ORLY Initiation: Cinderella Man Dec 4, 2017
W Initiation: Online Pure-Play in Home Furnishing – With Way-Big Growth Potential Dec 4, 2017
AAP Initiation: Revenue Challenge Constrains Risk-Reward Dec 4, 2017
AZO Initiation: TREF Supported, Comp Constrained Dec 4, 2017
General Merchandise Initiation: Amazon vs Walmart. Battle of the Ages is About Getting Closer to Your Customer. Now. Dec 4, 2017
VMW Investments Yielding Benefits Dec 1, 2017
WDAY: Tactical Challenges, Longer Opportunity Nov 30, 2017
Verizon… and the Paradox of 5G - November 30, 2017 Nov 30, 2017
U.S. Commercial Wireline: A Glimmer of Hope? Nov 30, 2017
The Four Player Wireless Market Slides Nov 29, 2017
RGC – Well Played, Madam? Nov 29, 2017
Cloudflare -Disrupting the Edge of the Internet Nov 28, 2017
CenturyLink: Is It Time for an Upgrade? Nov 28, 2017
U.S. Telecom: The Four Player Wireless Market; Upgrading T-Mobile to Buy, Price Target $73 Nov 27, 2017
Software Comp Sheet 11-27-2017 Nov 27, 2017
CRM: The Proof is in the Pudding Nov 22, 2017
INTU: Another Solid Q1 Print, Another Conservative Guide Nov 21, 2017
AT&T and Time Warner: Vertically Challenged, Redux Nov 21, 2017
U.S. Media - Weekly Ratings: 11/13-11/19 Nov 21, 2017
Software Comp Sheet 11-20-2017 Nov 20, 2017
Software Forum Takeaways Nov 20, 2017
ORCL: Cloud Consensus-- “It Ain’t Cool Being No Jive Turkey So Close to Thanksgiving” Nov 20, 2017
What the FOX is Going On? Nov 20, 2017
VIAB: Same Story, Different Ending? Nov 17, 2017
CTXS: More Steak than Sizzle with This Buyback - November 17, 2017 Nov 17, 2017
Q3 2017 Cord-Cutting Monitor: Of Black Clouds and Silver Linings Nov 16, 2017
CRM: The Potentially Significant GOOG Deal and Thoughts on CRM’s Technology Partners Nov 15, 2017
U.S. Broadband: A Few Gray Hairs Slides Nov 15, 2017
Monthly C3 Ratings - Not Good! - November 15, 2017 Nov 15, 2017
U.S. Internet: Red Flag Nov 14, 2017
U.S. Online Travel: Phocuswright 2017 Takeaways – “In God We Trust; All Others Bring Data” Nov 13, 2017
U.S. Media: About Sitting This Quarter Out… Nov 13, 2017
Software Comp Sheet 11-13-2017 Nov 13, 2017
Altice USA: Guilt by Association? Upgrading to Buy, Target Price Unchanged at $28 Nov 10, 2017
DIS: Turn The Page Nov 10, 2017
FOXA: Hello Halo? Nov 9, 2017
Dish Q3 2017 Earnings: What Went Wrong? Nov 9, 2017
Snap 3Q17 Earnings: What A Spectacle! Nov 8, 2017
CRM: Keeps on Growing....with Leverage! Nov 8, 2017
CenturyLink/ Level 3Q3 2017 Earnings: Now Comes the Hard Part Nov 8, 2017
Cable One Q3 2017 Earnings: Canary in a Coal Mine Nov 8, 2017
TripAdvisor 3Q17 Earnings: Slow Motion Train Wreck Nov 7, 2017
PCLN 3Q17 Earnings: When They Zig, Priceline Zags Nov 7, 2017
Charter Meeting Notes Nov 7, 2017
U.S. Broadband: A Few Gray Hairs, or Something More Serious? Nov 7, 2017
DIS & FOXA: Initial Big Questions & Thoughts - November 7, 2017 Nov 7, 2017
U.S. Media - Weekly Ratings: 10/30-11/5 Nov 7, 2017
Expedia: It’s Always Darkest Before the Dawn, Part Deux Nov 6, 2017
MSFT: Selling Facebook and Buying Servers Nov 6, 2017
Zayo Q1 F2018 Earnings: Stuck in Neutral? Nov 6, 2017
Software Comp Sheet 11-3-2017 Nov 3, 2017
DATA: A Step Back in the Model Transition Nov 3, 2017
CBS: Still Looking for Conviction Nov 3, 2017
CNK: Time To Stay Aggressive Nov 3, 2017
Disruptive Technology Summit Agenda Nov 2, 2017
Altice USA Q3 2017 Earnings: Can Altice Have Its Cake and Eat It, Too? Nov 2, 2017
SYMC: A Lot of Moving Parts with a High Bar on Enterprise and Margins Nov 2, 2017
DISCA: Don’t Do It Nov 2, 2017
AMCX: All About Timing