Author: Chris Lewis

Chris Lewis is Tech Insider's Senior Equity Research analyst covering Internet and Interactive Entertainment. Prior to joining TI in 2011, Chris spent six years at Baird Capital having established the company’s Internet and Video Game research practice. Prior to Wall Street, Chris was a business analyst developing software at Chubb Corporation, and was a co-founder and CFO of Latin American career services website Detacuche.com. Chris appears frequently in the financial and industry press, including CNBC, Bloomberg, CNN, Wall Street Journal, and Financial Times, among others.
Analysis, Earnings

Tractor Supply (NASDAQ:TSCO) Expecting Healthy Hobby Farmer Growth in 2014

Tractor Supply’s (NASDAQ:TSCO) core hobby farmer customer is expected to continue to see outsized income and income growth in 2014 compared to the median U.S. household. Hobby farmer income growth is projected to be +3.5% in 2014 vs. the median U.S. household of 2.2%. Separately, after running well below the metro (i.e. urban) unemployment rate from 2008-2012, the non-metro (i.e. rural) unemployment rate of 6.8% … Continue reading Tractor Supply (NASDAQ:TSCO) Expecting Healthy Hobby Farmer Growth in 2014

Chris Lewis
Analysis, Analyst Actions

Analysts Actions – PAAS, NVO, ROSE, BLOX

Pan American Silver (NASDAQ:PAAS) shares were down more than 3% Tuesday after the stock was downgraded to Sell from Neutral at Goldman Sachs, which lowered its price target to $10 from $15.22. PAAS was trading in a 52-week range of $14.66 to $15.04. Novo Nordisk (NYSE:NVO) shares were up about 5% after Bank of America raised its rating on the healthcare company’s stock to Buy … Continue reading Analysts Actions – PAAS, NVO, ROSE, BLOX

Chris Lewis
Analyst Actions

JP Morgan Initiates Coverage of Canadian Solar with $55 Price Target

Canadian Solar (NASDAQ:CSIQ) is up 5.7% on heavy volume to $39.94 after JP Morgan initiated coverage at overweight, with a price target of $55 per share. Separately, the solar energy company said it won a module supply agreement to provide 18MW of photovoltaic modules to Hitachi, Ltd. in Japan. The project is expected to be in operation in March 2015. Canadian Solar will supply approximately … Continue reading JP Morgan Initiates Coverage of Canadian Solar with $55 Price Target

Chris Lewis
Analysis, Diversified Tech, Software

Pre-Market Movers – EXK, LLY, DDS, TGE, CPS

Endeavour Silver Corp. (NYSE:EXK) is up 1.5% in pre-market trade on Monday as it provided updated NI 43-101 silver and gold reserve and resource estimates for its three producing silver mines in Mexico (the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State) as well as one exploration project (San Sebastian Project in Jalisco State) as of December 31, … Continue reading Pre-Market Movers – EXK, LLY, DDS, TGE, CPS

Chris Lewis
Analysis

QLogic Corporation Announces Key Acquisition

QLogic (NASDAQ:QLGC) announced on Tuesday it was acquiring Broadcom’s 10/40/100GbE controller assets for $147M in an allcash deal. In addition, QLogic paid $62M in a one-time fee to purchase Broadcom’s Fibre Channel licenses, simply as an “insurance policy” to protect the strong cash flows of their FC business. Near-term, this acquisition should augment their market position in the FCoE market, though it could create some … Continue reading QLogic Corporation Announces Key Acquisition

Chris Lewis