Good morning; futures mixed, PPI at 8:30. $TSM big beat. Ratings: $YSS Neutral @ Piper pt $9; $RDW Neutral @ Piper pt $11; $HAWK Overweight @ Piper pt $22; $CRUS downgraded to Sector Weight @ KeyBanc; $ASML pt cut to $2350 from $2400 @ JPM; $BLK pt raised to $1149 from $1435 @ JPM; $RBC pt cut to $48 from $195 @ RBC; $QNT upgraded to Buy @ MS pt $62.
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Good Morning!
Futures mixed, PPI @ 8:30
$TSM Big beat
$YSS int Neutral @ Piper pt $9
$RDW int Neutral @ Piper pt $11
$HAWK int Overweight @ Piper pt $22
$CRUS d/g Sector Weight @ KeyBanc
$ASML pt cut $2350 from $2400 @ JPM
$BLK pt raised $1149 from $1435 @ JPM
$RBC pt cut $48 from $195 @ RBC
$QNT u/g Buy @ MS pt $62
Reasoning: Fundamentals Specific
THE FULL SPACE VALUE CHAIN
Really interesting seeing how differently major space companies are positioned across launch, manufacturing, spectrum & services heading into 2028:
• $RKLB combines rockets, satellite manufacturing & defense with Iridium global spectrum and 2.55M+ existing subs
• $SPCX controls launch, satellite manufacturing & Starlink through its vertically integrated network
• $ASTS connects everyday smartphones directly to satellites using large arrays & carrier spectrum
• $PL operates Earth observation satellites & sells imagery, data & analytics
• $FLY builds launch vehicles, lunar landers & defense systems
• $YORK manufactures satellites for Pentagon constellations & defense programs
• $RDW supplies spacecraft components, sensors & mission hardware
• $BKSY operates imaging satellites & delivers real time geospatial intelligence
You can also see below how the bigger opportunity in space is shifting toward owning scarce spectrum, infrastructure and recurring customer relationships.
Image 1 ↗
Reasoning: Fundamentals Specific
Fund flows or trade records mentioned in posts reflect only the account’s own claims, are marked “Per the post” and are unverified.
@StockSavvyShay
@OptionsMike