JPM Reddit Mentions | ChartExchange

EARNINGS:

MU:
* Revenue: $13.6B vs. $12.9B est.
* EPS: $4.78 vs. $3.96 est.
* Operating income: $6.4B vs. $5.4B est.
Q2 guidance was even stronger:
* Revenue: $18.7B vs. $14.2B est.
* EPS: $8.42 vs. $4.49 est.
* That guide is off the charts. The guidance for revenue was 30% above expectations. the guidance for EPS was 90% above expectations.
* Additional details that I can share for those include: raised its HBM market outlook to $100B by 2028 (2 years early), guided 68% gross margins, and said FY26 HBM capacity is already sold out.

ACN:
* Revenue: $18.7B (Est. $18.51B) ; +6% YoY (+5% LC)
* Adjusted EPS: $3.94 (Est. $3.75) ; +10% YoY
* New Bookings: $20.9B; +12% YoY
* Advanced AI Bookings: $2.2B
Guidance (FY26):
* Revenue: +2% to +5% in LC (ex U.S. federal: +3% to +6%)
* Adj EPS: $13.52–$13.90 (Est. $13.77) ; +5% to +8% YoY
* Adj Operating Margin: 15.7%–15.9%; +10–30 bps YoY
OTHER COMPANIES:
* DATA CENTER companies: Jefferies release a bullish piece on Data centers: 2026 Digital Infrastructure Outlook - Positive on Data Centers - Neutral on Towers: Our outlook for data centers remains positive, with demand supported by robust AI-driven demand from hyperscalers, neoclouds, and enterprises. We expect leasing for REITs to accelerate, shifting from multi-GW builds toward smaller, localized deployments near tier-one markets as latency becomes a larger driving factor for AI.
* SHAK - JPM upgrades SHAK to neutral from underweight, lowers PT to 90 from 95. The brand/company has been evolving from an ‘enlightened hospitality’ focused fine casual concept to a more efficiently operated—borrowing elements of QSR—and free cash flow positive company, with ongoing efforts to achieve the best elements of each model. We are moving to Neutral (from Underweight) with a new $90 Dec-26 target."
* COIN - rolling out equity perpetuals for non-US traders, giving 24/7 synthetic access to US stocks with up to 20x leverage, per reports.
* CART - FTC has opened a probe into Instacart’s pricing, sending a civil investigative demand over how it lists prices in its app.
* RIVN - Baird upgrades to Outperform from Neutral, raises PT to 25 from 14. "We are upgrading RIVN to Outperform as we move into 2026, which is the year of the R2 launch. We expect this to be a boost for RIVN's brand, product demand, and thus by extension the stock, as deliveries begin near mid-year. The recent Autonomy and AI Day was highlighted by the unveiling of custom chips and a more thorough overview of RIVN's autonomous strategy, which we view positively for long-term competitiveness. We want to own into the new product cycle of launching the R2."
* CORZ - Citizens upgrades to Market Outperform from Market Perform, PT to $30We are upgrading the shares of Core Scientific to Market Outperform from Market Perform and are establishing a price target of $30 per share, which represents \~19x estimated 2027 EV/EBITDA, reflecting the company’s robust growth prospects. We believe CORZ's power pipeline provides a solid foundation to secure additional high-performance computing (HPC) lease agreements with new customers beyond CoreWeave (CRWV, Market Outperform, $180 price target), enabling the company to capture the accelerating demand for HPC infrastructure amid persistent power constraints in the industry and reinforcing the company's strategic positioning in the rapidly evolving data center landscape."
* JBL - Goldman reiterates at buy, PT 255. Continued strength in AI/datacenter and robotics supports better results and guidance'
* Anthropic and OpenAI are shopping for bigger offices in Dublin as they scale Europe.
* RKLB - launched Space Force STP-S30 (“Don’t Be Such A Square”) at 12:03a ET Dec. 18 from Wallops, VA, deploying 4 DiskSat spacecraft to 550 km LEO, 5-months early.
* UAL, DAL - Wells Fargo initiates at overweight. Sets PT of 145 and 87. United presents an earnings growth story underpinned by improving industry dynamics, more premium, and a catch-up loyalty opportunity, all of which support re-rating. We believe improving market dynamics, coupled with better through-cycle earnings power driven by premium and loyalty, are catalysts for re-rating at the best in class. Strong Get Stronger — We believe United and Delta are set up well into 2026 as premium carriers to improve margins as main cabin capacity rationalizes and the companies continue to leverage premium growth. High-margin loyalty growth, which appears underpenetrated, also remains a catalyst and, along with further core margin optimization, should yield valuation re-rating. After industry challenges in 2025, we think 2026 is set up for strong network carriers like United and Delta to get stronger."
* PYPL - Morgan Stanley downgrades to underweight from equal weight, lowers PT to 51 from 74. "Improvements to Branded Checkout integrations will be slow and complex, and we expect sluggish total payments volume dollar growth through 2028 due to share loss, take rate degradation, and a lack of Venmo monetization, while the agentic narrative will be an overhang. We are revising margins and EPS lower. Downgrade to Underweight."
* SERV - Oppenheimer initiates at outperform, PT 20. We see Serve Robotics as a Physical AI pioneer targeting last-mile delivery as its first application. We believe it is leveraging its global data leadership in complex environments, notably sidewalks, into advantaged hardware design and software efficiency to drive structural cost advantages and accelerated learning cycles versus peers. We initiate coverage with an Outperform rating and a $20 PT."
* DJT - announced a merger with TAE Technologies in an all-stock deal valued at $6B+. Ownership \~50/50 (diluted).
* LLY - In the 52-week Phase 3 ATTAIN-MAINTAIN study (n=376), Lilly says its oral GLP-1 orforglipron helped people maintain weight loss after switching from Wegovy or Zepbound.
* LULU - said it will enter 6 new markets in 2026 via franchise partners, its biggest one-year international push.
* SPIR - said it was selected as an awardee on the Missile Defense Agency’s SHIELD IDIQ contract, which has a ceiling value of up to $151B across the program. Spire says it will compete for task orders tied to satellite-based RF intelligence and analytics for defense missions.
* IREN - Initiated with a Neutral at Goldman Sachs PT $39
* DIS - Wells Fargo says names Disney new Media top pick on catalysts, valuation
* Momenta Partners With Grab to Expand Robotaxis in Southeast Asia
OTHER NEWS:
* Platinum hit a 17-year high as supply stays tight, and is now more than doubled in 2025, on pace for its biggest annual gain in Bloomberg data back to 1987.
* Trump; President Trump said in his national address that he will announce the "most aggressive" housing reform plans in 2026.
* Trump said he’ll soon announce the next Fed chair, “someone who believes in lower rates, by a lot,” and expects mortgage payments to come down further.
* OpenAI is reportedly in talks to raise up to $100B at a \~$750B valuation, per The Information – about 50% above last October’s secondary.

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