Latest news with #MikeHarrison
Yahoo
07-07-2025
- Yahoo
Toronto police issued more than 3,000 tickets during 2-week enforcement blitz
During a two-week enforcement blitz last month that targeted drivers in no-stopping zones, Toronto police say they issued 3,220 tickets and towed 245 vehicles across the city. The initiative took place from June 16 to 27, police said in a release Monday. During the blitz, officers increased enforcement during peak periods on weekdays from 3 p.m. to 7 p.m. across high-traffic roads in downtown Toronto. No stopping zones are areas where motorists are banned from stopping except to avoid conflict with other traffic or to comply with a police officer or traffic signals. Drivers who stop in no stopping zones in Toronto face $190 tickets, police said. Toronto police said the initiative was intended to remind drivers of the importance of obeying traffic signs, especially during rush hours, and as a way to support the city's congestion management plan. "This is an intensification of what we do every day to try and help keep Toronto moving during the afternoon rush hour," Mike Harrison, manager of Toronto police's parking enforcement unit, told CBC Toronto ahead of the blitz last month. Police are reminding drivers that while the campaign has come to a close, parking enforcement officers will continue to patrol and fine violators. There is also another enforcement blitz planned for September, police said.
CBC
07-07-2025
- CBC
Toronto police issued more than 3,000 tickets during 2-week enforcement blitz
During a two-week "enforcement blitz" last month that targeted drivers in no-stopping zones, Toronto police say they issued 3,220 tickets and towed 245 vehicles across the city. The initiative took place from June 16 to 27, police said in a release Monday. During the blitz, officers increased enforcement during peak periods on weekdays from 3 p.m. to 7 p.m. across high-traffic roads in downtown Toronto. No stopping zones are areas where motorists are banned from stopping except to avoid conflict with other traffic or to comply with a police officer or traffic signals. Drivers who stop in no stopping zones in Toronto face $190 tickets, police said. Toronto police said the initiative was intended to remind drivers of the importance of obeying traffic signs, especially during rush hours, and as a way to support the city's congestion management plan. "This is an intensification of what we do every day to try and help keep Toronto moving during the afternoon rush hour," Mike Harrison, manager of Toronto police's parking enforcement unit, told CBC Toronto ahead of the blitz last month. Police are reminding drivers that while the campaign has come to a close, parking enforcement officers will continue to patrol and fine violators. There is also another enforcement blitz planned for September, police said.
BBC News
01-07-2025
- General
- BBC News
Worcestershire church handed funding to replace bellringing ropes
A Worcestershire church has been given funding to replace its bellringing ropes. The ringing of the bells at St Mary's Church in Kempsey dates back to the 17th Century but the special ropes to help the dings dong are in need of County Council member Martin Allen has allocated £800 from the £10,000 pot that each councillor is allocated a year to support projects in their ward."I understand that the upkeep of such a worthwhile historic part of our history is not cheap, and I am delighted to have provided the funding to replace the worn-out ropes," he said. Mr Allen, Green, added: "It's important that traditions that make us what we are today continue."Tower captain at St Mary's Church Mike Harrison said: "Anyone who is interested in learning a new skill would be warmly welcome."Visitors with advanced notice can pop up the tower on Thursday evenings from 19:30 BST to watch a practice session or learn about how to join."We are currently fundraising for repairs and maintenance work to ensure their working operation for the next 100 years." Follow BBC Hereford & Worcester on BBC Sounds, Facebook, X and Instagram.
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Why Wall Street is Watching Broadcom $250 Ahead of Earnings
With mega-cap tech giant Broadcom (AVGO) set to report earnings after the close on June 5, momentum is building — and the smart money is already positioning itself. Let's break down why AVGO this could be one of the most important earnings plays of the season. Wall Street's Bold $301 Price Target Analyst Mike Harrison from Redburn Atlantic just initiated AVGO with a 'Buy' rating and a Street-high target of $301, citing Broadcom's dominance in the ASIC (application-specific integrated circuit) space. These chips power the artificial intelligence (AI) revolution — and AVGO is quietly becoming one of its most vital players. Congress Bought the Dip Two U.S. politicians, Reps. Kelly Morrison and Michael McCaul, disclosed AVGO purchases in April. Congressional buys don't always mean bullish moves — but when they line up with institutional flow and analyst upgrades, it's worth watching. Gamma Exposure Above $250 Barchart's Gamma Exposure Tool shows a high concentration of positive gamma above $250. This means market makers are hedging against big moves — often leading to price stability near these levels. But that stability doesn't last forever. As earnings approach, any break of key gamma levels could lead to powerful directional moves. Expected Move for Earnings Use Barchart's Expected Move Tool to map the projected high and low ranges for AVGO after earnings. This tool uses options pricing to calculate where the stock could land post-report. This is essential for planning straddle/strangle strategies, risk-reward ratios, or knowing when to scale in/out of positions. Trade Setups Are Already Triggering Barchart's trading strategies have flagged multiple bullish signals on AVGO throughout April and May, including moving average crossovers and trend confirmation setups. That's a strong confirmation that momentum has already shifting higher in anticipation of earnings. However, the recent surge higher has left AVGO stock short-term overbought, based on its 14-day Relative Strength Index (RSI) of 82.01, which means a post-earnings reversal on any negative news is a very real possibility. How to Prep for AVGO Earnings Like a Pro Review the Expected Move Range Check Gamma Exposure Levels Watch for updates in Analyst Ratings Look at historical Seasonal Returns Stream our latest AVGO Reel Breakdown Watch In Under 60 Seconds: Explore the Tools
Yahoo
03-06-2025
- Business
- Yahoo
‘Follow the Hyperscalers' Dollars': Analyst Says These 2 Stocks Set to Thrive in AI Buildout
AI continues to make inroads into the digital world, as more and more companies make use of the technology. Generative AI, and more recently, agentic AI, are driving the current expansion of the tech, and the ripples are spreading into its associated hardware and power generation segments. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The increasing buildout of AI presents investors with a potentially confusing patchwork of possible opportunities, made more confusing by worries that the capital expenditures required to build out AI will cut too deeply into the profits. Redburn analyst Mike Harrison has taken a deep dive into the situation, coming to some interesting conclusions. 'The Generative AI market can effectively be divided into three distinct segments: hyper-scalers' internal workloads, consumer adoption and enterprise adoption. For major technology companies, the first two segments (which often overlap) represent existential business priorities and are treated as defensive spending. The third segment is more cyclical, contingent on an acceleration of enterprise adoption rates that remain sluggish,' Harrison noted. At his bottom line, Harrison notes a bullish path, adding, 'We maintain a positive outlook on application-specific integrated circuits (ASICs), specifically because of their exposure to these defensive spending categories. As hyper-scalers and major tech companies invest to protect their competitive positions, ASICs are critical due to their better capital efficiency. By the same token, best-in-class networking providers will benefit from increasing accelerated compute cluster sizes and can assert pricing power while still delivering economic value for customers.' Harrison builds on this thesis to follow the hyperscaler dollars – and to recommend two stocks that will thrive in the AI buildout. According to the TipRanks database, both of his picks hold Strong Buy ratings from the analyst consensus; let's give them a closer look and find out what else makes them solid choices. Broadcom (AVGO) The first Redburn pick we'll look at is Broadcom, one of the semiconductor world's leading companies. Broadcom is a long-standing stalwart of the chip industry – its $1.1 trillion market cap ranks it as the second-largest semiconductor firm, while its $54.5 billion in revenue last year put it in fourth place among its peers. Broadcom has built its reputation on a wide range of product lines, including such items as cable modems; data center switches and routers; ethernet NICs, filters, and amplifiers; fiber optic solutions; and wireless connectivity solutions, to name just a few. These, and other high-end tech devices, have found application in an equally wide range of fields, particularly in data centers. More recently, Broadcom has emerged as a strong player in the ASIC segment. ASICs, or application-specific integrated circuits, are a key technology behind the success of both AI and cloud-based service providers. These chips are custom designed to meet the specific needs of the buyer, allowing for optimized performance on targeted workloads. Compared to general-purpose processors such as CPUs – and in many cases, even GPUs – ASICs can offer superior efficiency, lower power consumption, and faster processing for well-defined tasks. These advantages make them particularly well-suited for the high computational demands of AI and machine learning, especially in large-scale inference and data center environments. On the financial side, we've already noted that Broadcom holds a leading position among its peers when simply counting revenue. The company's most recent quarterly release, which covered fiscal 1Q25 – the quarter ending this past February 2 – showed total revenues of $14.9 billion, up an impressive 24.7% from fiscal 1Q24 and beating the forecast by $330 million. Broadcom's Q1 bottom line, of $1.60 per share by non-GAAP measures, was 9 cents per share better than had been expected. The company realized a free cash flow in the quarter of just over $6 billion, or approximately 40% of revenue. Redburn's Harrison likes Broadcom for its strong ASIC position, seeing that as the company's best path forward. He writes of the chip maker, 'Broadcom is arguably the gold standard of ASICs co-partners for hyper-scalers. Its deep expertise in networking silicon has acted as a springboard for ASICs design wins; and its networking chips are widely deployed in datacentre routers and switches – for instance, Arista's 7800R4 AI spine, built on top of Broadcom's Jericho3-AI processors.' The analyst goes on to rate AVGO shares as a Buy, and his $301 price target points toward a one-year upside potential of 24%. (To watch Harrison's track record, click here) Overall, Broadcom gets a Strong Buy consensus rating from the Street, based on 28 recent reviews that include 26 to Buy and 2 to Hold. The shares are priced at $242.07 and have an average price target of $253.04, suggesting a modest 12-month gain of 4.5%. (See AVGO stock forecast) Arista Networks (ANET) Next up is an industry leader in digital networking, Arista Networks. This company is best known for its position as a provider of networking solutions for large, data-driven, client-to-cloud systems, particularly those used to support AI and data center campus and routing environments. Arista's platforms provide necessary combinations of automation, analytics, and security, based on advanced operating stack technologies. Arista got its start in 2004, and last year celebrated 10 years as a publicly traded entity. The company boasts a market cap of $109 billion, and has more than 10,000 active customers on its books. Those customers choose Arista because of the company's strengths in developing high-end networks. Arista's product lines are based on modularity and scalability, making them relevant for a wide range of applications at any size. Arista's cloud network designs can support anything from 100 to 2,000 servers, and more advanced designs can handle 100,000 or more. The combination of quality with scalability and relative ease of expansion makes the company's network designs highly amenable to AI applications, which are dependent on rapid access and high-speed networks to back up their supercomputing servers. Turning to the financial results, we find that Arista's revenue and earnings have been on an upward trend for the past several quarters. In 1Q25, the last reported, the company's revenue of $2 billion marked a company quarterly record, doubling from the $1 billion milestone achieved just 11 quarters ago. The 1Q25 revenue was up 27% year-over-year, and beat the forecast by $30 million. Arista's earnings in the first quarter were reported as a non-GAAP EPS of 65 cents, which was 6 cents per share above the estimates. This company's strong performance and quality product lines are impressive, and caught Harrison's eye, too. The Redburn tech expert says of ANET, 'We would expect Arista's robust competitive position to translate into material market share of the nascent 800Gbps and 1.6Tbps Ethernet switch market, which is expected to account for around half of the market revenues by the end of the decade… Consensus expects a 17% revenue CAGR across FY24-30 in the Core business and an 11-12% revenue CAGR in Cognitive Adjacencies and Cognitive Networks… Although not cheap in absolute terms, the current multiples for Arista have now largely normalised relative to its history.' Harrison gives this stock a Buy rating, and he complements that with a $112 price target, implying a potential one-year upside of 29%. The 16 recent analyst recommendations here split 12 to 4 in favor of Buy over Hold, giving the shares a Strong Buy consensus rating. The stock's $86.64 trading price and $109.79 average target price together suggest an upside of 27% in the year ahead. (See ANET stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
