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NFLX

Netflix

$100.59

-2.74 (-2.65%)

, AMZN

Amazon.com

$831.00

-10.71 (-1.27%)

09:17
10/12/16
10/12
09:17
10/12/16
09:17

Morgan Stanley sees 'un-grandfathering' peaking for Netflix in Q3

Morgan Stanley analyst Benjamin Swinburne believes the market expects Netflix (NFLX) to report Q3 domestic net subscriber additions that fall short of the company's 300K forecast. However, he thinks the impact of "un-grandfathering" will peak in Q3 and that the percentage of U.S. members seeing price increases will begin to fade in Q4. While acknowledging that Amazon (AMZN) continues to grow as a competitor for content and time spent, Swinburne notes that local and regional players in many markets continue to struggle. The analyst keeps an Overweight rating and $110 price target on Netflix shares.

NFLX

Netflix

$100.59

-2.74 (-2.65%)

AMZN

Amazon.com

$831.00

-10.71 (-1.27%)

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NFLX Netflix
$100.59

-2.74 (-2.65%)

10/10/16
DBAB
10/10/16
INITIATION
Target $90
DBAB
Sell
Deutsche sees Netflix takeover as unlikely, starts shares at Sell
Deutsche Bank analyst Bryan Kraft initiated shares of Netflix (NFLX) with a Sell rating and $90 price target. The stock closed Friday down 25c to $104.82. The risk/reward is unattractive as consensus expectations reflect an "optimistic case," Kraft tells investors in a research note. Market expectations appear too high through 2020, the analyst contends. He also expresses skepticism that Netflix will be acquired. The business is "too fully formed" and valued to be acquired by Disney (DIS) and Apple (AAPL), Kraft writes. He also sees Amazon.com (AMZN) as a competitive risk to Netflix.
10/10/16
RAJA
10/10/16
NO CHANGE
Target $120
RAJA
Outperform
Netflix remains a core holding at Raymond James
Raymond James analyst Justin Patterson said his research suggests US churn peaked in Q2 and he remains comfortable with his 300k US net adds for Q3. Further, Patterson said early International cohorts generate greater than 20% contribution margin and said EBITDA and earnings upside is likely in 2017 and beyond. The analyst recommends owning shares for a profit inflection as investments peaked in 2016 and reiterates his Outperform rating and $120 price target.
10/10/16
10/10/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Sell at Deutsche Bank. 2. Noble Midstream (NBLX) initiated with an Overweight at Barclays, a Hold at Deutsche Bank, an Overweight at JPMorgan, an Outperform at Baird, a Buy at Mizuho, a Buy at Citi, and an Overweight at MUFG. 3. AB InBev (BUD) reinstated with a Buy at Goldman. 4. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. 5. Molson Coors (TAP) reinstated with a Buy at Goldman and resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
UBSW
10/12/16
NO CHANGE
Target $92
UBSW
Neutral
Netflix app download showing maturity in U.S., picking up in Europe, says UBS
UBS analyst Doug Mitchelson said the firm's Evidence Lab shows Netflix app download data as reflecting maturity in the U.S. and Canada but picking up in Europe. The analyst said his confidence in 10M subscriber addition estimates is increased but he is not prepared to increase his estimates. Mitchelson does not expect Q3 results and Q4 guidance to resolve the bull/bear debate and continues to expect the shares to trade in a range. Mitchelson reiterated his Neutral rating on Netflix shares.
AMZN Amazon.com
$831.00

-10.71 (-1.27%)

10/05/16
MKMP
10/05/16
NO CHANGE
MKMP
Buy
Reported VMware pact with Amazon a positive, says MKM Partners
MKM Partners analyst Kevin Buttigieg noted the Fortune report claiming that VMware (VMW) will soon announce a cloud partnership with Amazon Web Services (AMZN). Such an agreement with Amazon would be positive for VMware, as it will signal their confidence in their ability to sell software for use on-premise and underscore a belief that public cloud is unlikely to assume all workloads. The firm has a Buy rating on VMware shares.
10/06/16
OPCO
10/06/16
NO CHANGE
OPCO
Microsoft, Amazon well positioned to enable cloud, AI trends, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that machine learning and artificial intelligence have been use to improve applications and acceleration of infrastructure builds, with "intelligent software" designed to make lives easier and more productive. Further, the analyst sees communications and cloud services continuing to converge, with infrastructure and data as key components to AI. Microsoft (MSFT) and Amazon (AMZN) Web Service are well positioned to enable these trends, he contends, adding that he see colocation providers, such as Equinix (EQIX) and Interxion (INXN), and networking companies like Zayo Group (ZAYO) GTT Communications (GTT) as beneficiaries.
10/12/16
CANT
10/12/16
NO CHANGE
Target $1000
CANT
Buy
Amazon.com price target raised to $1,000 from $835 at Cantor
Cantor Fitzgerald analyst Youssef Squali raised his price target for Amazon.com to $1,000 from $835 citing continued strength in core retail and sustained momentum in Web Services. The stock closed yesterday down $10.71 to $831.00. We're reaching a tipping point in e-commerce, with revenue growth in the U.S. accelerating year-over-year in the first nine months of 2016, Squali tells investors in a research note. This trend is "playing into the hands of market leader Amazon," the analyst contends. He points out that Prime's user base is growing and that Amazon's share of retail searches online is growing. The analyst expects Amazon Web Services' "strong economics" to continue to fund growth initiatives at Amazon. Squali sees the stock as continuing to "grind higher." He keeps a Buy rating on the name.

TODAY'S FREE FLY STORIES

AZN

AstraZeneca

$30.58

0.09 (0.30%)

06:54
04/27/17
04/27
06:54
04/27/17
06:54
Earnings
AstraZeneca reports Q1 core EPS 99c vs. 95c last year »

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STAY

Extended Stay America

$17.45

0.26 (1.51%)

06:54
04/27/17
04/27
06:54
04/27/17
06:54
Earnings
Extended Stay lifts FY17 revenue view to $1.29B-$1.31B from $1.28B-$1.305B 

Consensus $1.3B.

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NTDOY

Nintendo

$31.05

-0.6 (-1.90%)

06:54
04/27/17
04/27
06:54
04/27/17
06:54
Hot Stocks
Breaking Hot Stocks news story on Nintendo »

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NOK

Nokia

$5.37

-0.06 (-1.11%)

06:53
04/27/17
04/27
06:53
04/27/17
06:53
Technical Analysis
Nokia trades sharply higher after results »

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NTDOY

Nintendo

$31.05

-0.6 (-1.90%)

06:53
04/27/17
04/27
06:53
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06:53
Hot Stocks
Nintendo says Switch 'off to a promising start' »

Nintendo Switch, a new…

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EQGP

EQT GP

$26.75

-0.39 (-1.44%)

06:52
04/27/17
04/27
06:52
04/27/17
06:52
Hot Stocks
EQT GP increases quarterly distribution 8% to 19.1c per share »

The distribution will be…

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  • 27

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POL

PolyOne

$37.39

-0.02 (-0.05%)

06:51
04/27/17
04/27
06:51
04/27/17
06:51
Earnings
PolyOne reports Q1 adjusted EPS 59c, consensus 54c »

Reports Q1 revenue…

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STAY

Extended Stay America

$17.45

0.26 (1.51%)

06:51
04/27/17
04/27
06:51
04/27/17
06:51
Earnings
Extended Stay America reports Q1 adj. EPS 15c, consensus 12c »

Reports Q1 revenue…

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  • 27

    Apr

FCAU

Fiat Chrysler

$11.65

1.11 (10.53%)

, GOOG

Alphabet

$871.73

-0.57 (-0.07%)

06:51
04/27/17
04/27
06:51
04/27/17
06:51
Periodicals
Fiat Chrysler seeks more self-driving supplier partners, Reuters reports »

Fiat Chrysler (FCAU) is…

FCAU

Fiat Chrysler

$11.65

1.11 (10.53%)

GOOG

Alphabet

$871.73

-0.57 (-0.07%)

GOOGL

Alphabet Class A

$889.14

0.3 (0.03%)

03/08/13
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  • 27

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NTDOY

Nintendo

$31.05

-0.6 (-1.90%)

06:51
04/27/17
04/27
06:51
04/27/17
06:51
Earnings
Nintendo reports FY16 profit per share Y853.87 vs. Y137.4 last year »

Reports FY16 revenue…

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06:50
04/27/17
04/27
06:50
04/27/17
06:50
General news
Front-month WTI crude prices are down 1% »

Front-month WTI crude…

EXAS

Exact Sciences

$23.80

-1.09 (-4.38%)

06:50
04/27/17
04/27
06:50
04/27/17
06:50
Technical Analysis
Exact Sciences hits new 52-week high after results »

The stock was last up…

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BWA

BorgWarner

$41.06

0.22 (0.54%)

06:49
04/27/17
04/27
06:49
04/27/17
06:49
Earnings
BorgWarner now sees FY17 EPS $3.50-$3.60, consensus $3.41 »

Sees FY17 revenue…

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  • 27

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SDPI

Superior Drilling

$0.79

-0.0099 (-1.24%)

06:49
04/27/17
04/27
06:49
04/27/17
06:49
Earnings
Breaking Earnings news story on Superior Drilling »

Superior Drilling sees Q1…

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DOW

Dow Chemical

$64.33

-0.48 (-0.74%)

06:48
04/27/17
04/27
06:48
04/27/17
06:48
Hot Stocks
Breaking Hot Stocks news story on Dow Chemical »

Dow Chemical reports Q1…

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DOW

Dow Chemical

$64.33

-0.48 (-0.74%)

06:48
04/27/17
04/27
06:48
04/27/17
06:48
Hot Stocks
Dow Chemical reports Q1 EBITDA $2.1B »

Q1 operating EBITDA…

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BWA

BorgWarner

$41.06

0.22 (0.54%)

06:47
04/27/17
04/27
06:47
04/27/17
06:47
Earnings
BorgWarner sees Q2 EPS 87c-91c, consensus 87c »

Sees Q2 organic net sales…

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RHHBY

Roche

$32.20

-0.207 (-0.64%)

06:47
04/27/17
04/27
06:47
04/27/17
06:47
Hot Stocks
Roche CEO Severin Schwan says 'well on track' to meet full-year targets »

Commenting on the…

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RHHBY

Roche

$32.20

-0.207 (-0.64%)

06:46
04/27/17
04/27
06:46
04/27/17
06:46
Earnings
Roche reports Q1 group sales CHF12.94B vs. CHF12.41B last year »

Group sales increased 4%…

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BWA

BorgWarner

$41.06

0.22 (0.54%)

06:46
04/27/17
04/27
06:46
04/27/17
06:46
Earnings
BorgWarner reports Q1 EPS 89c, consensus 84c »

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XRF

China Rapid Finance

06:45
04/27/17
04/27
06:45
04/27/17
06:45
Syndicate
China Rapid Finance 10M share IPO price range lowered to $6.00-$7.00 »

China Rapid Finance 10M…

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DOW

Dow Chemical

$64.33

-0.48 (-0.74%)

06:45
04/27/17
04/27
06:45
04/27/17
06:45
Earnings
Dow Chemical reports Q1 operating EPS $1.04, consensus 98c »

Reports Q1 revenue…

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HP

Helmerich & Payne

$65.21

-0.18 (-0.28%)

06:45
04/27/17
04/27
06:45
04/27/17
06:45
Earnings
Helmerich & Payne reports Q2 EPS (45c) with items, consensus (40c) »

Reports Q2 revenue $405M,…

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  • 27

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RHHBY

Roche

$32.20

-0.207 (-0.64%)

06:44
04/27/17
04/27
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04/27/17
06:44
Hot Stocks
Roche confirms FY17 outlook, sees sales up low to mid single digits »

In 2017, Roche expects…

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BSX

Boston Scientific

$25.97

0.23 (0.89%)

06:44
04/27/17
04/27
06:44
04/27/17
06:44
Earnings
Boston Scientific baks FY17 adj. EPS view of $1.22-$1.26, consensus $1.25 »

Raises FY17 revenue…

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