#cnbc

Jan 30, 2019
2 min

David Garrity on CNBC: Apple rises despite Q1 revenue decline

Apple rises despite Q1 revenue decline from CNBC. 4Q18 Results Match Previously Lowered Expectations & 1Q19 Guidance Not Catastrophic Spells R-E-L-I-E-F R-A-L-L-Y For Market AAPL reported 4Q18 results that essentially met (Revs $84.3bn (Street $84bn), EPS $4.18 (Street $4.17)) guidance that had been cut -8% by management earlier this month. Along with 1Q19 guidance that was not catastrophic relative to expectations (Revs $55-59bn (Street $59bn), Gross Margins 37-38% (Street 3

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Oct 27, 2018
2 min

David Garrity on CNBC: Wall Street’s expectations for FAANG stocks too high

Wall Street’s expectations for FAANG stocks too high, says tech analyst from CNBC. When Growth Slows & Profit Margins Narrow, Share Prices Plummet, Especially As The Fed Tightens With this morning’s 3Q18 U.S. GDP report of +3.5% growth locking the Fed into tightening interest rates further in 1Q19, high duration securities (i.e. high P/E, no-yield stocks like the majority of the FAANG names) face a valuation headwind that is only exacerbated by missing analyst expectations an

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May 4, 2017
1 min

David Garrity on CNBC Fast Money: Facebook sinks on earnings

David Garrity GVA Research CEO breaks down the the latest on Facebook earnings. #cnbc #Fastmoney #facebook #fb #MelissaLee

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Oct 5, 2016
1 min

GVA Research on CNBC: Google still all about the data

The Pixel smartphone is a new endpoint to gather user information from, so Google can better target ads, says David Garrity, principal at GVA Research. #cnbc #davidgarrity #googl #pixelsmartphone #google

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Aug 24, 2016
1 min

David Garrity on CNBC: Is Apple innovating enough?

GVA Research’s David Garrity says Apple is falling behind in new technology areas such as driverless vehicle technologies and virtual reality. #cnbc #davidgarrity #gvaresearch #timcook #cnbcasia #garrity #aapl #apple #streetsigns

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Jan 26, 2016
3 min

GVA Research on Nightly Business Report: A Big Week For Tech Earnings

Tech – Buying Opportunity Potential Limited By Currency War Prospects: Off the back of reassuring developments (e.g. positive U.S. Dec 2015 employment report, China limiting insider sales and scrapping circuit breakers), the burgeoning panic permeating the markets since the start of 2016 trading has momentarily dissipated and the tech sector among those advancing. The question for investors is whether they should “buy the dip”. Since the start of 2016, market action indicates

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Jul 22, 2015
3 min

GVA Research on CNBC’s Nightly Business Report: Apple and Microsoft Earnings Announcements

Financial Snapshot: AAPL ($121.43) -FY15Q3 Rev/EPS actual – Revs $49.6bn (+33% y/y), EPS $1.85 (+44% y/y) -Valuation: P/E 13.4x FY15 EPS (0.58x PEG ratio), AAPL shares attractive as still early in major product cycles with iPhone6 and Apple Watch. AAPL – iPhone6 Shipments Fall Short Of Expectations, But Still Only 27% Of Installed Base Has Traded Up: While AAPL posted better than expected FY15Q3 financial performance (Street: revs $49.4bn, EPS $1.81), the underlying shipment

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May 22, 2015
2 min

CNBC Asia “The Rundown” Interview: HPQ FY15Q2 Results

With Sequential Reduction In Negative Elements In End Markets & Corporate Reorganization, Base For Appreciation In Place – Shares Attractive To Own Financial Snapshot: HPQ ($33.32) Rev/EPS forecast – Revs $25.6bn (-6% y/y), EPS $0.86 (-2% y/y) Valuation: P/E 9.2x FY15 EPS (8.6x PEG ratio), HPQ shares are attractive based on the upcoming split of the company into HP Inc and HP Enterprise components. HPQ – CY15Q1 PC Market Inventory Drawdown Sets Base For Slow Improvement: With

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Feb 27, 2015
3 min

CNBC “Squawk Box” Interview: Tech Bubble To Burst? Still OK To Own AMZN?

Nasdaq 5K – Approaching Full Recovery To March 2000 Peak: With broader market averages such as the S&P500 breaking out to new highs, investor questions have grown as the measure that characterized the excess of the Internet 1.0 bubble, the Nasdaq index, fast approaches its March 10, 2000 intraday peak of 5,132.52 with concerns rising as to whether the level will mark a top to the broader market’s advance. Two important measures to consider in assessing whether the broader con

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Feb 25, 2015
2 min

CNBC “Closing Bell” Interview: HPQ FY15Q1 Results Disappoint As Strong US$ Cuts EPS Guidance

Does Coming Split Into HP Inc & HP Enterprise Justify Holding Stock? Financial Snapshot: HPQ ($38.19) A) Rev/EPS forecast – Revs $27.3bn (-3% y/y), EPS $0.91 (+1% y/y) B) Valuation: P/E 9.7x FY15 (Oct) EPS (1.9x PEG ratio), shows HPQ pricing-in gains from Windows 2003 server upgrade cycle. HPQ – FY15Q1 Revenues Reflect FX Hit From International Exposure, Slowing PC Upgrade Cycle Benefits & Market Share Gains:With HPQ generating 65% of its revenues from outside the U.S. (high

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Feb 12, 2015
2 min

CNBC “Squawk Box” Interview: AAPL Investment Discussion

Market Cap Breaks $700bn – iPhone6 Upgrade Cycle Expected To Boost $130bn Shareholder Value Program – Shares Attractive: Yesterday I joined CNBC’s “Squawk Box” to talk about AAPL. Thanks to Michelle Caruso Cabrera, Andrew Ross Sorkin and Scott Wapner for having me on. Discussion Points: 1) Swiss Franc Denominated Debt Attractive For Top-rated Corporate Issuers, AAPL Borrows $1.35bn for Average 10+-years At 0.488% Average Rate: In the spirit of Willie Sutton’s predilection for

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Jan 4, 2015
2 min

Nasdaq 5,000: Sell Signal?

Nasdaq 5,000 – Approaching Full Recovery To March 2000 Peak: With broader market averages such as the S&P500 breaking out to new highs, investor questions have grown as the measure that characterized the excess of the Internet 1.0 bubble, the Nasdaq index, fast approaches its March 10, 2000 intraday peak of 5,132.52 with concerns rising as to whether the level will mark a top to the broader market’s advance. Two important measures to consider in assessing whether the broader

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Jan 2, 2015
2 min

Microsoft’s Gift to Intel

Today I had the chance to talk live on CNBC’s Squawk Box about INTC. INTC – Enterprise Server Upgrade Cycle Supporting 2015 EPS Growth: With MSFT set to end support for Windows Server 2003 in July 2015, over 10mm server units may be up for refresh in 2015. As 2014 shipments for the entire Windows server market totaled 5.5mm units, this represents a significant growth driver for INTC as its Data Center Group is 25% of revenues. INTC management did indicate at the November 2014

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