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Home Blog Page 8628

CrowdStrike Slashed to Equal Weight Ahead of Upcoming Q2 Earnings

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Morgan Stanley downgraded CrowdStrike (NASDAQ:CRWD) from an Overweight to an Equal Weight rating and revised the price target by $11 to $167 per share. The analysts are cautious regarding the company’s performance leading up to its upcoming Q2 earnings announcement, scheduled on Wednesday.
The analysts pointed out that the consensus estimates for a rebound in the second half of the calendar year 2024 seem optimistic given the challenging demand environment.
The analysts stated that CrowdStrike might need to revise its Annual Recurring Revenue (ARR) guidance again. They also highlighted that the risk-reward balance has become more equitable following the stock’s year-to-date increase of over 45%.
The analysts’ cautious outlook stems from recent assessments and data gathered in the past month. This includes observations of further deceleration in crucial industry sectors, potential obstacles in cloud adoption, and limited potential for improvement in Free Cash Flow (FCF) margins.

Jabil to Sell its China Mobility Business to BYD, Shares Jump 8 percent

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BYD Electronic, a subsidiary of electric vehicle manufacturer BYD, entered into an acquisition arrangement with Jabil Circuit to purchase full ownership of Juno Newco Target Holdco Singapore. This entity was recently established and is owned by Jabil Circuit (Singapore), a subsidiary of Jabil (NYSE:JBL). The acquisition is valued at 15.8 billion yuan, which is roughly $2.2 billion. Following this news, shares of Jabil jumped more than 8% intra-day today.
Juno Newco Target Holdco Singapore will primarily possess specific product manufacturing operations in Chengdu and Wuxi. These operations encompass the production of components for existing customers. The transition will occur following a reorganization process conducted by BYD Electronic.

Tetra Tech Started With Outperform at RBC Capital

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RBC Capital analysts started coverage of Tetra Tech (NASDAQ:TTEK) with an Outperform rating and a price target of $181.00.
The analysts noted that Tetra Tech is a specialized engineering company that provides investors with a distinctive avenue for exposure to sustainability-focused markets. The company’s track record of robust growth and its substantial presence within the United States are seen as advantageous, particularly within the ongoing infrastructure investment cycle.
The analysts highlighted that approximately 55% of Tetra Tech’s revenue is derived from the highly appealing Water sector, a factor contributing significantly to its valuation.

Microsoft is well-positioned to become the central ‘operating system for AI’

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The cloud industry is still in its early stages of growth, and according to Oppenheimer analysts, the adoption of artificial intelligence (AI) will play a crucial role in expanding the total addressable market (TAM). In this context, Microsoft (NASDAQ:MSFT) is poised to benefit significantly, potentially becoming the central “operating system for AI.”
Oppenheimer’s assessment is based on several factors. Firstly, Microsoft’s approach of maintaining a neutral operating system model that supports both proprietary and open source Large Language Models (LLMs) and various other applications positions it favorably. Secondly, the company’s strategy involves broadening its ecosystem to effectively commercialize AI advancements on top of its Azure platform, including collaborations with entities like Meta, Databricks, and Snowflake. Lastly, Microsoft’s extensive scale enables it to introduce AI applications such as Office 365 Copilot to a vast user base, given its reach of 1.0 billion Windows users and 330 million Teams users.

3M stock surges 4 percent on reported $5.5 billion earplugs lawsuits settlement

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3M (NYSE:MMM) shares gained more than 4% intra-day today following reports that the company reached an agreement to pay over $5.5 billion to resolve more than 300,000 lawsuits that allege its combat earplugs, sold to the U.S. military, were faulty. While the official announcement is awaited, BofA analysts suggest that this settlement would significantly benefit 3M, falling at the lower end of estimated values based on initial reports. Earlier projections, such as those from Barclays, anticipated a settlement cost of at least $8 billion for 3M.
According to the analysts, the proposed settlement of $5.5 billion is notably less than the range of $10-15 billion suggested by experts quoted in the Wall Street Journal. However, they noted that investor expectations were in the $5-7 billion range, making this settlement align with the lower end of those expectations.

Alyssa Thomas paces Sun past Sparks with 25th double-double


WNBA MVP candidate Alyssa Thomas recorded her 25th double-double of the season with 17 points and 10 rebounds and led five Connecticut Sun starters scoring in double figures in an 83-68 victory over the Los Angeles Sparks on Sunday in Uncasville, Conn.

Thomas also had eight assists and nearly recorded her sixth triple-double of the year and 10th of her career as the Sun (24-11) snapped the six-game winning streak of the Sparks (15-19).

Olivia Nelson-Ododa recorded a double-double of 11 points and 11 rebounds while Rebecca Allen made three of the Sun’s eight 3-pointers to finish with 14 points. DeWanna Bonner and Natisha Hiedeman scored 12 points apiece. Tiffany Hayes added 11 as Connecticut won its eighth consecutive regular-season game over Los Angeles.

Azura Stevens poured in 17 points for the Sparks, who are in a position to make the playoffs for the first time since 2020. Layshia Clarendon added 13 points and Nneka Ogwumike scored 11.

Connecticut led 53-44 with less than seven minutes to go in the third quarter, but the Sparks seemed poised to rally after back-to-back 3-pointers from Karlie Samuelson cut the Sun lead to 57-52. Ogwumike then made a layup and a free throw to pull Los Angeles within 57-55 with 4:35 left.

But the Sun did not cool off during a dominant third, closing it out with their first double-digit lead of the day (69-57) after Tyasha Harris drilled a 3-pointer as the shot clock expired with three seconds remaining.

Eight lead changes and three ties highlighted the opening quarter that ended with Los Angeles up 20-19.

The Sparks opened the second on an 8-2 run that was punctuated by Clarendon, who stole a pass and raced down the court for an easy layup and 28-21 lead at the 7:52 mark.

Connecticut responded with an 11-2 run capped by Hayes, who was fouled hard by Jordin Canada going into the lane. She initially appeared to injure her wrist but was fine and hit two free throws for a 32-30 lead with 4:44 left.

Bonner’s catch-and-shoot 3-pointer from the corner with 3:37 left gave the Sun the lead for good at a 35-32 advantage. The Sparks kept themselves in the game in the first half by scoring 11 points off 12 turnovers but trailed 43-38 at halftime.

–Field Level Media

Breanna Stewart scores 38, Liberty demolish Lynx


Breanna Stewart scored 38 points and tied her career-high with six 3-pointers as the New York Liberty steamrolled the Minnesota Lynx 111-76 on Saturday in Minneapolis.

Stewart racked up 17 points in the first quarter and had 27 by halftime for the Liberty (27-7), who outscored the Lynx 37-15 in the second quarter and led by as many as 43 en route to their highest scoring output this season.

The five-time all-star shot 12-of-17 from the field, made all eight of her free throws and grabbed 11 rebounds.

Sabrina Ionescu supplied 19 points on 7-of-10 shooting, including 3-of-4 from distance, and Betnijah Laney posted 15 for New York.

Courtney Vandersloot bundled 15 points with nine assists and notched her 4,000th career point on her free throw that made it 101-64 with 6:15 remaining.

The Liberty shot 55.4 percent from the floor and canned 12 of 27 3-point shots while going a perfect 17-17 from the free throw line.

The visitors also outscored Minnesota 28-4 on fastbreak opportunities and held a 50-36 advantage in points in the paint.

Diamond Miller led the Lynx (17-18) with 18 points and Ariel Powers chipped in 15 off the bench. Napheesa Collier’s 10-point effort rounded out the double-figure scorers for Minnesota, which shot 43.7 percent from the floor and committed 14 turnovers that led to 25 Liberty points.

New York blew the game open after Kayla McBride’s 3-pointer pulled the Lynx to within 23-20 at the 2:08 mark in the first quarter.

Stewart’s running triple put the Liberty ahead 28-20 entering the second quarter, which began with Ionescu’s jumper that stretched New York’s lead to double digits.

Ionescu capped an 11-0 Liberty run with a basket to make it 34-20 with 8:05 left and tacked on two 3-pointers amid a 15-2 surge that Stewart polished off with her fourth trey of the half to swell New York’s lead to 52-29.

The Liberty made nine of their final 10 shots in the first half and took a 65-35 lead into the break on Vandersloot’s layup two seconds before the halftime buzzer.

New York shot 25-of-40 from the field, including 9-14 from 3-point range, in the first half.

–Field Level Media

Mystics clamp down on league-best Aces, 78-62


Elena Delle Donne returned from her brief injury absence to score a team-high 21 points and guide the Washington Mystics to a home upset of the league-leading Las Vegas Aces 78-62 on Saturday night.

Ariel Atkins added 16 points, including three critical 3-pointers in the third quarter that gave Washington (16-18) some control. Brittney Sykes added 14 points and six assists as the Mystics ended a two-game losing streak.

Kelsey Plum scored 21 points for the Aces (30-5), who were held to a season-low 30.8 percent field-goal shooting and their second-lowest point total. A’ja Wilson had 14 points and 11 rebounds, and Jackie Young added 10 points.

Las Vegas has lost two of its past four games but still owns the No. 1 seed in the WNBA standings. On Thursday, the Aces broke the league record for most wins in a regular season when they beat Chicago.

Delle Donne, back after a hip injury sidelined her for two games, scored the first four points of the game to fuel Washington to an early 13-2 advantage. The Aces trimmed their deficit to 19-17 by the end of the first period.

Young scored an old-fashioned three-point play and a 3-point jumper to put the Aces up 23-19 while Washington started the second quarter on a 3:54 scoreless drought. Plum sank a 3 and a free throw during the final minute to give the Aces a modest 30-27 halftime edge.

Las Vegas shot just 10-for-30 from the field and 3 of 16 from 3-point range in the half, but Washington was even colder, going 8-for-32 overall and 0-for-13 from the arc.

Atkins made the Mystics’ first 3-point attempt of the second half to end that drought. Near the end of a quarter that featured five lead changes and four ties, Atkins made two more triples in a 27-second span to help Washington lead 52-48 after three.

Natasha Cloud’s defensive rebound and bounce pass to Sykes for a layup launched a 6-0 Mystics run to make it 63-52 with 5 minutes to play. Tianna Hawkins drilled a corner 3 to give the Mystics their largest lead at 66-54 with 3:04, and the game was in hand the rest of the way.

The Mystics finished 40 percent from the field and 7-for-26 shooting from the arc.

–Field Level Media

F1 News: Daniel Ricciardo out indefinitely after hand surgery


AlphaTauri driver Daniel Ricciardo is sidelined indefinitely following surgery to repair a broken hand.

Ricciardo was injured during Friday’s practice for the Dutch Grand Prix and missed Sunday’s Formula One race. He underwent surgery on Sunday in Barcelona to repair a broken metacarpal in his left hand.

Liam Lawson, who replaced Ricciardo on Sunday and made his F1 debut, will remain in the seat until Ricciardo is fit to return.

Lawson, a 21-year-old from New Zealand, finished the Dutch GP in 13th place, ahead of teammate Yuki Tsunoda in 16th.

“We are delighted that Daniel’s surgery went well and that he is now on the road to recovery,” AlphaTauri said in a statement Monday.

“We hope to see him at the track again very soon, but until he is fully fit, we can confirm that Liam, who did a good job in difficult circumstances in Zandvoort, will continue to drive alongside Yuki, starting from our home race this weekend in Monza.”

Ricciardo collided into the wall at Turn 3 on Friday after McLaren’s Oscar Piastri spun out in front of him at Zandvoort, Netherlands.

Ricciardo, a 34-year-old Australian, recently had replaced Nyck de Vries at AlphaTauri and returned to action at the Hungarian Grand Prix last month.

–Field Level Media

Watch Celebrity Chris Hemsworth goes shirtless on workout video, web fans say wow

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Tinseltown

Celebrity Chris Hemsworth has a ripped physique and taut body. The Australian celebrity who recently turned 40 posted a new shirtless video of a workout with his celebrity friend Ross Edgley, an ultra-marathon sea swimmer. Both the men were shirtless while sprinting followed by a small dog. Hemsworth also shared other exercise workouts that help him maintain his abs and muscular body. Many web fans commented on his workout and the little dog.

The celebrity Australian actor added a lengthy caption to the video where he explained that he was recently concentrating on other activities and lessening his heavy weight sessions. He mentioned the incorporation of sprinting and also said that he now had a “solid full body work routine.”

The video played the song Sure Shot by Beastie Boys as the shirtless star continued with his workout. Hemsworth also worked his arms by lifting weighted ropes as well as a medicine ball.

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The rest of the video also focused on Hemsworth moving a ball across his body both diagonally as well as side by side. He also did pushups as well as an exercise that showed his crawling forward and backward.

The Thor actor joked that he had left Ross Edgely “in the dust” during their sprint but had no proof as the “camera ran outta film” and also tagged Centrefit, which is a fitness app promoted by the actor. It was launched in 2019.

 
 
 
 
 
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A post shared by Chris Hemsworth (@chrishemsworth)

Earlier, Chris Hemsworth had posted a video with his personal trainer Luke Zocchi. They enjoyed a sauna session, once again shirtless followed by an ice bath. It is said that overall recovery as well as a reduction of the risk in injury are the results when there is a contrast in high and low temperatures as in a sauna followed by an ice bath.

The Thor: Love and Thunder actor has a strict workout regime and posts videos of his routines. Many of his web fans comment on Chris Hemsworth’s videos that leave them in awe of his body at 40.