Core Insights - Vishay Intertechnology, Inc. has launched a new industrial-grade 3/8 inch square single-turn cermet trimmer, the Vishay Sfernice M61, featuring various pin configurations and adjustment styles for optimized PCB placement [1][2] Product Features - The M61 offers a resistance range of 10 to 2 M and operates within a temperature range of -55 °C to +125 °C, with a low temperature coefficient of 100 ppm/°C [2] - It is fully sealed to endure standard board wash processing and has a power rating of 0.5 W at +85 °C, making it suitable for industrial applications such as welding equipment, power tools, 3D printers, and HVAC systems [2] Availability - Samples and production quantities of the M61 are currently available, with lead times of 15 weeks [3] Company Overview - Vishay Intertechnology manufactures a vast portfolio of discrete semiconductors and passive electronic components, serving various markets including automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical [4]

Core Insights - Amphenol reported $5.65 billion in revenue for the quarter ended June 2025, marking a year-over-year increase of 56.5% and exceeding the Zacks Consensus Estimate by 13.05% [1] - The company's EPS for the same period was $0.81, up from $0.43 a year ago, representing a surprise of 22.73% over the consensus estimate of $0.66 [1] Revenue Performance - Net Sales from Harsh Environment Solutions reached $1.45 billion, surpassing the average estimate of $1.33 billion, with a year-over-year change of 38.2% [4] - Net Sales from Interconnect and Sensor Systems totaled $1.3 billion, exceeding the $1.2 billion average estimate, reflecting a year-over-year increase of 15.7% [4] - Communications Solutions generated $2.91 billion in Net Sales, significantly above the $2.5 billion average estimate, with a remarkable year-over-year change of 101.4% [4] Operating Income - Operating Income for Interconnect and Sensor Systems was reported at $252.3 million, higher than the average estimate of $227.59 million [4] - Communications Solutions achieved an Operating Income of $890.7 million, exceeding the average estimate of $679.28 million [4] - Harsh Environment Solutions reported Operating Income of $363.7 million, compared to the average estimate of $323.83 million [4] Stock Performance - Amphenol's shares have returned +6.2% over the past month, outperforming the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

TE Connectivity (TEL) Q3 2025 Earnings Call July 23, 2025 08:30 AM ET Company ParticipantsSujal Shah - VP - IRTerrence Curtin - CEO & Executive DirectorHeath Mitts - CFO, EVP & DirectorScott Davis - Chairman, CEO & Founding Partner – Multi-Industry ResearchAmit Daryanani - Senior MD - Equity ResearchJoseph Spak - Managing DirectorJoseph Giordano - Managing DirectorAsiya Merchant - Technology Equity ResearchSteven Fox - Founder & CEOShreyas Patil - VP - Equity ResearchConference Call ParticipantsMark Delaney ...

TE Connectivity Third Quarter 2025 Earnings July 23, 2025 EVERY CONNECTION COUNTS Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or ...

Core Insights - The electronic industry in China is expected to maintain a steady growth trend in the second half of 2025, supported by continuous policy incentives and advancements in technology and market expansion [2][6] - A total of 66 companies in the Shenzhen Stock Exchange's electronic sector forecast a combined net profit of between 14.686 billion and 16.930 billion yuan for the first half of 2025, with 54.55% of these companies expecting positive performance [1][4] Company Performance - Among the 66 companies, 13 are projected to see net profit growth exceeding 100%, with Shenzhen Shuo Bei De Wireless Technology Co., Ltd. leading at an estimated increase of 1028.49% [3] - TCL Technology Group Co., Ltd. anticipates a net profit of over 4.6 billion yuan from its semiconductor display business, reflecting a year-on-year growth of over 70% [3][4] - Luxshare Precision Industry Co., Ltd. is expected to achieve a net profit of approximately 6.745 billion yuan, while other companies like TCL Technology and Hu Shi Electronics are projected to earn 2 billion and 1.75 billion yuan respectively [4] Market Dynamics - The demand for electronic products is diversifying, with growth in industrial electronics, automotive electronics, and new energy applications, alongside the ongoing upgrade in consumer electronics [2][6] - The semiconductor and AI sectors are receiving targeted support from government policies, which are expected to translate into actual growth momentum for the industry [2][6] Technological Advancements - Companies like TCL Huaxing are investing in new display technologies, while Luxshare is enhancing its competitiveness in AI edge products, contributing to overall industry innovation [6][7] - The establishment of supplier alliances by companies like Lingyi Technology is optimizing supply chains and enhancing the stability and resilience of the electronic industry [6] Investment Sentiment - The performance of these companies is attracting more capital to the electronic sector, providing financial support for ongoing innovation and expansion [6] - The Shenwan Electronics Index has risen by 34.27% this year, indicating positive market sentiment towards the electronic industry's growth prospects [6]

Core Viewpoint - The event "2025 Smart Governance Construction Technology Equipment and Achievements Exhibition" showcases the integration of technology and legal work, emphasizing Huawei's commitment to digital transformation in the public sector [1][10]. Group 1: Huawei's Product Offerings - Huawei's high-performance long-lasting business laptop, the L540x, has gained significant attention for its lightweight design and powerful performance, ensuring efficiency and security for mobile office users [2][10]. - The L540x has passed the Level II security assessment and received the "Enhanced Information Security" certification, addressing the legal industry's stringent information security requirements [2][9]. Group 2: Customized Solutions for Legal Sector - Huawei's four new scenario-based solutions reflect a deep understanding of the legal industry, providing tailored solutions for various legal functions, including public interest litigation and grassroots legal education [5][10]. - The customized government tablet developed in collaboration with the Zhengzhou Railway Transportation Procuratorate serves as an effective tool for public interest litigation, enhancing efficiency and intelligence in case handling [6][10]. - A digital platform for grassroots legal education and mediation has been created, integrating AI legal Q&A systems to improve legal service delivery in communities [7][10]. Group 3: Innovations in Judicial Operations - The judicial video terminal solution enhances judicial operation efficiency and reduces operational costs, establishing a technological foundation for judicial credibility [9][10]. - The new life terminal for educational purposes in regulatory environments offers tailored teaching for monitored individuals, promoting intelligent upgrades in regulatory education [9][10]. Group 4: Industry Recognition and Future Plans - Huawei's participation in the exhibition and recognition as a "2025 Smart Governance Construction Innovative Case" underscores its strong brand security capabilities and high-quality solutions [9][10]. - The company aims to continue collaborating with partners to deepen its presence in the public sector, enhancing solution adaptability and security for the intelligent upgrade of governance work [10].

Company Performance - Feilong Co. reported a 14.49% increase in net profit to 210 million yuan for the first half of 2025, despite an 8.67% decline in revenue to 2.162 billion yuan [1] - Jiangling Motors disclosed a net profit of 73.3 million yuan for the first half of 2025, representing an 18.17% year-on-year decrease, with revenue slightly increasing by 0.96% to 18.092 billion yuan [31] Mergers and Acquisitions - GoerTek announced a preliminary agreement to acquire 100% equity of Mega Precision Technology Limited and Channel Well Industrial Limited for approximately 10.4 billion HKD (around 9.5 billion yuan) [2][5] - China Nuclear Power plans to invest 1 billion yuan in China Fusion Energy Co., aiming to strategically enter the nuclear fusion energy sector [28] Industry Developments - SenseTime is preparing to enter the embodied intelligence sector, with a core team already formed and plans to launch an embodied intelligence platform at the upcoming WAIC 2025 [4][6] - The Shanghai Municipal Economic and Information Commission released an action plan for the next-generation display industry, focusing on developing smart glasses production capabilities [15] Financial Trends - Foreign investment in domestic stocks and funds increased by 10.1 billion USD in the first half of 2025, reversing a two-year trend of net selling [8] - The balance of real estate loans reached 53.33 trillion yuan by the end of Q2 2025, with a year-on-year growth of 0.4% [10] Corporate Governance - Northern Long Dragon terminated its acquisition of Henan Zhongsheng due to changes in market conditions and financial compliance issues [18] - Guolian Aviation's chairman is under investigation, but the company assures that operations remain normal [25]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1][2] Group 1: Momentum Investing Strategy - Momentum investors typically do not time the market, instead they capitalize on stocks that are trending upwards [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [2] Group 2: Investment Opportunities - Investing in bargain stocks that have recently shown price momentum can be a safer strategy [3] - Jabil (JBL) is highlighted as a strong candidate for momentum investing, having experienced a 7.1% price increase over the past four weeks [4] - JBL has gained 52.5% over the past 12 weeks, indicating strong momentum [5] - JBL has a Momentum Score of B, suggesting it is an opportune time to invest [6] - JBL's upward trend in earnings estimate revisions has earned it a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [7] - JBL is currently trading at a Price-to-Sales ratio of 0.84, indicating it is attractively priced relative to its sales [7] Group 3: Additional Investment Options - Besides JBL, 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, which can assist in identifying potential winning stocks [9]

Core Viewpoint - The private economy in Shenzhen is a vital force in advancing China's modernization and has become a significant symbol of the city's economic development, contributing substantially to various economic metrics [3][7]. Economic Contribution - As of 2024, Shenzhen has a total of 4.404 million operating entities, with a growth rate of 4.2%, and over 2.6 million private enterprises, making it the leading city in private economic contributions [7]. - The private economy exhibits a "456799" phenomenon, contributing approximately 40% of fixed asset investment, over 50% of tax revenue, nearly 60% of added value, over 70% of import and export volume, and over 90% of employment and business entities [7]. Innovation and R&D - Innovation is the core strength of Shenzhen's private economy, with total R&D investment reaching 223.661 billion yuan in 2024, accounting for 6.46% of GDP, and 93.3% of this investment coming from enterprises [8]. - Shenzhen boasts over 25,000 national high-tech enterprises and 10,800 specialized and innovative enterprises, forming a vibrant innovation ecosystem alongside major companies like Ping An and Huawei [8]. Industrial Strength - Shenzhen's private enterprises dominate 37 out of 41 industrial categories, with over 14,000 large-scale industrial companies, maintaining its status as the "Industrial First City" in China for two consecutive years [9]. - The city has transformed from a follower to a leader in various niche markets, achieving significant growth in the electronic information industry and establishing a "one-hour industrial circle" in the Greater Bay Area for efficient supply chain management [9]. Business Longevity and Growth - The average lifespan of a private enterprise in Shenzhen is approximately 6 years, significantly higher than the national average of 3.7 years, with 17% of enterprises surviving over 10 years [11]. - The time taken for a private enterprise to grow into a listed company on the Sci-Tech Innovation Board is an average of 13.35 years, which is 1.05 years faster than the national average [11]. Challenges and Solutions - Despite the robust growth, Shenzhen's private economy faces challenges such as financing difficulties for small and medium-sized enterprises (SMEs), high operational costs, and talent competition due to high living costs [12][17]. - The government is actively optimizing the business environment, reducing burdens on enterprises by over 150 billion yuan in 2024, and implementing various reforms to enhance market conditions [15][16]. Policy Innovations - The introduction of the "Private Economy Promotion Law" aims to provide comprehensive legal support for private enterprises, addressing market access barriers and improving regulatory frameworks [16]. - Shenzhen is enhancing its financial services by optimizing bank assessment mechanisms and promoting innovative financing products to support SMEs [16][22]. Talent and Resource Management - The city is focusing on improving land allocation, talent policies, and easing residency restrictions to foster a competitive environment and facilitate talent mobility within the Greater Bay Area [17]. - Learning from other cities like Hangzhou, Shenzhen aims to enhance collaboration between large enterprises and SMEs, providing resources and support for startups [18][19].

Key Takeaways TEL expects fiscal Q3 adjusted EPS of $2.06 and sales of $4.30B. Growth in Asia's hybrid and EV markets is boosting TEL's automotive business. AI, Energy, and Aerospace demand support TEL's Industrial segment.TE Connectivity (TEL) is scheduled to report its third-quarter fiscal 2025 earnings results on July 23.TEL expects fiscal third-quarter adjusted earnings to be around $2.06 per share, suggesting 8% year-over-year growth. This forecast includes a 4-cent impact from the Richards acquisiti ...