Group 1 - TD SYNNEX Corporation is set to release its third-quarter earnings results on September 25, with expected earnings of $3.05 per share, an increase from $2.86 per share in the same period last year [1] - The company is projected to report quarterly revenue of $15.11 billion, compared to $14.68 billion a year earlier [1] - On August 27, TD SYNNEX entered a multi-year strategic collaboration with AWS to enhance AI and cloud growth [2] Group 2 - Barrington Research analyst Vincent Colicchio maintained an Outperform rating with a price target of $156 for TD SYNNEX [4] - Morgan Stanley analyst Erik Woodring raised the price target from $155 to $173 while maintaining an Overweight rating [4] - RBC Capital analyst Ashish Sabadra increased the price target from $145 to $165, maintaining an Outperform rating [4] - B of A Securities analyst Ruplu Bhattacharya raised the price target from $156 to $170 while maintaining a Buy rating [4] - JP Morgan analyst Joseph Cardoso raised the price target from $143 to $160 while maintaining a Neutral rating [4]

Core Viewpoint - The comparison between TD SYNNEX (SNX) and Hoya Corp. (HOCPY) indicates that SNX is currently a more attractive option for value investors due to its stronger earnings outlook and favorable valuation metrics [1][3][7]. Valuation Metrics - SNX has a forward P/E ratio of 12.49, significantly lower than HOCPY's forward P/E of 33.49, suggesting that SNX is undervalued relative to its earnings potential [5]. - The PEG ratio for SNX is 1.17, while HOCPY's PEG ratio is 3.06, indicating that SNX offers better value when considering expected earnings growth [5]. - SNX's P/B ratio stands at 1.5, compared to HOCPY's P/B of 7.3, further supporting the notion that SNX is a more attractive investment from a valuation perspective [6]. Earnings Outlook - SNX is experiencing an improving earnings outlook, which is a key factor in its favorable Zacks Rank of 2 (Buy), while HOCPY holds a Zacks Rank of 4 (Sell) [3][7].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify promising stocks [3] Group 2: TD SYNNEX (SNX) Analysis - TD SYNNEX (SNX) has shown a four-week price change of 1.9%, indicating growing investor interest [4] - Over the past 12 weeks, SNX has gained 11.6%, with a beta of 1.35, suggesting it moves 35% more than the market [5] - SNX has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - SNX has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - The stock is trading at a Price-to-Sales ratio of 0.21, suggesting it is undervalued at 21 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides SNX, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [9]

Group 1 - The stock of TD SYNNEX Corporation (NYSE: SNX) has increased by 16% including dividends since the last publication, indicating a strong investment thesis [1] - The investment strategy focuses on identifying high probability long-term compounders by analyzing fundamental value drivers of business economics [2] - The company maintains a beneficial long position in SNX shares through various financial instruments [3]

Group 1 - The stock of TD SYNNEX Corporation (NYSE: SNX) has increased by 16% since the last publication, including dividends, indicating a strong investment thesis [1] - The investment strategy focuses on identifying long-term compounders by analyzing fundamental value drivers and buying at prices that reflect intrinsic worth [2] - The analyst holds a beneficial long position in SNX shares through various financial instruments, expressing personal opinions without external compensation [3]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] AI and Energy Demand - AI technologies, particularly large language models like ChatGPT, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The energy requirements for AI are expected to escalate, leading to potential crises in power grids and rising electricity prices [2] - Industry leaders, including Sam Altman and Elon Musk, have warned about the impending energy challenges facing AI development [2] Investment Opportunity - The company in focus is positioned to capitalize on the surge in demand for electricity driven by AI data centers, making it a potentially lucrative investment [3][6] - This company is not a chipmaker or cloud platform but is crucial for providing the necessary energy infrastructure [3][6] - It is noted for being debt-free and having significant cash reserves, which is advantageous compared to other energy firms burdened with debt [8] Market Position and Valuation - The company is involved in various sectors, including nuclear energy, LNG exportation, and renewable fuels, positioning it strategically within the energy market [7][8] - It is trading at a low valuation of less than 7 times earnings, making it an attractive option for investors looking for undervalued stocks in the AI and energy space [10] Future Growth Potential - The company is expected to benefit from the ongoing trends of onshoring and increased U.S. LNG exports, particularly under the current political climate [5][14] - There is a growing interest from hedge funds in this company, indicating its potential for significant returns as it remains under the radar of mainstream investors [9][10]

Core Insights - Newforma has announced a strategic partnership with Datech, enhancing access to project and information management tools for the AECO industry globally [1][2][3] Group 1: Partnership Details - The partnership allows TD SYNNEX to serve as an official distributor for Newforma, significantly expanding its market reach across North America, Europe, and the Middle East [2][5] - This collaboration aims to provide AECO firms with easier access to Newforma's advanced solutions, improving communication and collaboration while managing project complexity [2][3] Group 2: Product Offerings - Newforma Konekt is introduced as a cloud-based platform that centralizes project information, reducing risks and eliminating costly rework [4] - The Info Track module for Konekt is highlighted as a unique solution for AECO teams, centralizing access to project conversations, files, tasks, and decisions [4] Group 3: Strategic Goals - The partnership aligns with Newforma's "New Newforma" brand campaign, encouraging AECO professionals to reimagine project delivery [3] - Newforma's CEO emphasized that this partnership will scale their impact and accelerate the adoption of their cloud-hosted platform [5] Group 4: Company Background - Newforma has over 20 years of experience in project and information management, serving more than 4.5 million users and 1,500 firms globally [7] - Datech specializes in design, digital twin, and visualization solutions, supporting partners with advanced technologies and value-added services [9]

Company Overview - TD SYNNEX is a leading global IT distributor and solutions aggregator, providing a comprehensive range of technology distribution, logistics, and integration services [11] - The company was rebranded from SYNNEX Corporation to TD SYNNEX in September 2021 following its merger with Tech Data Corporation, which significantly expanded its global reach and vendor partnerships [11] Investment Analysis - TD SYNNEX currently holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of B [12] - The company has a Momentum Style Score of B, and its shares have increased by 2.9% over the past four weeks [12] - In the last 60 days, five analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate rising by $0.29 to $12.11 per share [12] - TD SYNNEX has an average earnings surprise of +3% [12] Recommendation - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TD SYNNEX should be considered for investors' short lists [13]

Core Insights - TD SYNNEX reported strong Q2 fiscal 2025 earnings, with non-GAAP earnings of $2.99 per share, exceeding estimates by 11.15% and reflecting a 9.5% year-over-year increase [2] - Revenues for the quarter reached $14.9 billion, a 7.2% year-over-year growth, surpassing consensus estimates by 4.38% [2] - The company has seen a positive stock performance, with shares increasing by 5.8% since the last earnings report, outperforming the S&P 500 [1] Financial Performance - Endpoint Solutions revenues were $7.5 billion, showing a 12% year-over-year growth, while Advanced Solutions revenues reached $7.4 billion, reflecting a 2% year-over-year growth [3] - Non-GAAP gross profit increased by 7.5% year-over-year to $1,046.4 million, with a gross margin of 7%, up 2 basis points [3] - Adjusted SG&A expenses rose to $632.3 million from $585.5 million year-over-year, but as a percentage of revenues, they contracted to 4.8% [4] Cash Flow and Shareholder Returns - Cash provided by operational activities was $573.2 million, a significant improvement from a cash outflow of $748 million in the previous quarter [7] - Free cash flow for the quarter was $543 million, compared to a negative $790 million in the prior quarter [7] - The company announced a 10% increase in its quarterly cash dividend to 44 cents per share, demonstrating a commitment to returning value to shareholders [8] Future Guidance - For Q3 fiscal 2025, TD SYNNEX expects revenues between $14.7 billion and $15.5 billion, with non-GAAP earnings projected at $2.75 to $3.25 per share [9] - Non-GAAP net income is anticipated to be between $227 million and $268 million [9] Market Sentiment - Recent estimates for the stock have shown a downward trend, indicating cautious sentiment among investors [10] - The company holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [12]

Company Overview - TD SYNNEX is a leading global IT distributor and solutions aggregator, providing a comprehensive range of technology distribution, logistics, and integration services [11] - The company was rebranded from SYNNEX Corporation to TD SYNNEX in September 2021 following its merger with Tech Data Corporation, which significantly expanded its global reach and vendor partnerships [11] Investment Ratings - TD SYNNEX currently holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of B [12] - The company has a Momentum Style Score of A, and its shares have increased by 13.6% over the past four weeks [12] Earnings Estimates - For fiscal 2025, two analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.18 to $12.01 per share [12] - TD SYNNEX boasts an average earnings surprise of +3% [12] Investment Potential - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TD SYNNEX is recommended to be on investors' short list [13]