JHVEPhoto/iStock Editorial via Getty Images Shares of Marvell Technology ( MRVL ) jumped about 5% premarket on Thursday after Barclays upgraded the stock to Overweight from Equal Weight citing growth in optical products. The firm also raised the price target on the stock to $150 from $105. Analysts led by Tom O'Malley said that Marvell is first and foremost an optical company, and with ports growi...
JHVEPhoto/iStock Editorial via Getty Images Shares of Marvell Technology ( MRVL ) jumped about 5% premarket on Thursday after Barclays upgraded the stock to Overweight from Equal Weight citing growth in optical products. The firm also raised the price target on the stock to $150 from $105. Analysts led by Tom O'Malley said that Marvell is first and foremost an optical company, and with ports growing rapidly, the market growth carries the name alone. Industry checks suggest optical ports should double in 2026 and double again in 2027, the analysts added. "Our math implies that Optical could grow ~90% for MRVL this year and next, even with some share shift to AVGO. We lay out a scenario below that shows that even when eliminating MSFT entirely, no unit growth at AMZN, and discounting XPU attach we still get to ~$5 of earnings. We don't agree with those assumptions and in fact are more confident in MSFT ramping after the NVDA NVLink Fusion announcement , said O'Malley and his team. The analysts noted that Marvell's story will come down to executing on a well-understood and bullish forecast and think that the narrative is shifting more towards optics. More on Marvell Nvidia Invests In Marvell, And So Should You Marvell: Nvidia Deal Supercharges An Undervalued AI Leader Marvell's Growth Story Just Changed Arista Networks added as a new short at Hedgeye, and Marvell is a new long idea Insider trades: Marvell Technology, Taiwan Semiconductor among notable names
U.S. stocks ended sharply higher on Wednesday, with investors' sentiment getting a boost as President Donald Trump halted attacks on Iran, following the announcement of a two-week ceasefire that also signaled the reopening of the Strait of Hormuz.
U.S. stocks ended sharply higher on Wednesday, with investors' sentiment getting a boost as President Donald Trump halted attacks on Iran, following the announcement of a two-week ceasefire that also signaled the reopening of the Strait of Hormuz.
jittawit.21 The Federal Reserve is more likely heading toward a rate hike than a cut, marking a significant shift in monetary policy expectations, according to Jeremy Siegel, Wharton School professor of finance and WisdomTree chief economist. In an interview with CNBC, Siegel said he doesn’t see a favorable short-term outlook for rate easing. He pointed to several economic indicators driving his a...
jittawit.21 The Federal Reserve is more likely heading toward a rate hike than a cut, marking a significant shift in monetary policy expectations, according to Jeremy Siegel, Wharton School professor of finance and WisdomTree chief economist. In an interview with CNBC, Siegel said he doesn’t see a favorable short-term outlook for rate easing. He pointed to several economic indicators driving his analysis, including an expanding money supply and rising commodity prices. “I’m looking at the money supply, and I see it expanding, and I’m looking at commodity prices, and I see that expanding fiscal policy, defense spending,” he explained. These factors, combined with oil prices ( CL1:COM ), ( CO1:COM ) remaining in the upper $90s, create conditions that make it difficult for the Fed to ease monetary policy. The inflationary pressures extend throughout the economy, with Siegel citing Delta Air Lines ( DAL ) as an example of how rising fuel costs ripple through corporate America. He noted that Delta ( DAL ) is budgeting $2B more in fuel expenses, costs that will likely be passed on to consumers through higher fares. “Facing much more inflationary pressures than he did before,” Siegel said of incoming Fed leadership, describing a “much more difficult position than it looked like three months ago.” Regarding the leadership transition at the Federal Reserve, Siegel predicted that Jerome Powell will take no action at what he believes will be Powell’s final meeting as chair. “I think the Fed will do nothing at his last meeting,” Siegel said, suggesting Powell will pass the decision to his successor rather than make a significant policy move on his way out. For investors, Siegel anticipates a “sideways market” lasting two to three months until geopolitical and economic uncertainties resolve. However, he cautioned that bonds face greater risk than equities in this environment. “I’m more worried about the bond rate going up than I’m worried about the stock market going down,” he s...