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AMZN

Amazon.com

$780.00

19.84 (2.61%)

, ATSG

Air Transport Services

$16.68

0.23 (1.40%)

14:55
11/22/16
11/22
14:55
11/22/16
14:55

Cargo carrier pilots strike, warn of 'significant impact' to Amazon deliveries

The Airline Professionals Association Teamsters Local 1224 announced that approximately 250 pilots flying for cargo carrier ABX Air went on strike Tuesday and will not fly scheduled routes, including those for ABX's major customers DHL and Amazon (AMZN)." ABX is owned by Air Transport Services Group (ATSG). The union alleged that ABX "has been significantly understaffed, resulting in pilots continuously being forced to work 'emergency' assignments on their off time." The union also noted that "the strike at the start of peak flying season could have a significant impact on the delivery operations" of Amazon, DHL, and other ABX customers. ATSG recently signed a contract with Amazon to fly 20 Prime Air planes by 2018 and is already flying 14 aircrafts, or 35 flights a day, for the e-commerce giant. Pilots at other cargo carriers including Atlas Air (AAWW), Southern Air, Kalitta Air and Polar Air, have committed to not cross the picket line should ABX Air request they cover flights affected by the strike. Reference Link

AMZN

Amazon.com

$780.00

19.84 (2.61%)

ATSG

Air Transport Services

$16.68

0.23 (1.40%)

AAWW

Atlas Air

$50.55

-0.3 (-0.59%)

  • 22

    Nov

AMZN Amazon.com
$780.00

19.84 (2.61%)

11/21/16
SBSH
11/21/16
NO CHANGE
Target $16
SBSH
Buy
Citi fields Pandora questions after Amazon on-demand launch
Citi analyst Mark Kelley says he's received a lot of questions from investors over the last few days on the impact from potentially lower prices for Pandora's (P) on-demand offering after Amazon (AMZN) launched a competing service. Amazon's on-demand offering costs $7.99 per month for Prime users, or $3.99 if you only want to listen on your echo device. Non-Prime users must pay $9.99 per month. The launch by Amazon has caused some speculation in the press that Apple (AAPL) is going to lower its prices, Kelley tells investors in a research note. The analyst does not expect Pandora to lower the price of on-demand to $7.99 per month. Kelley still believes on-demand music is the way the industry moves forward and he remains bullish on Pandora's long-term opportunity. The analyst has a Buy rating on the shares with a $16 price target.
11/18/16
OPCO
11/18/16
NO CHANGE
OPCO
Public cloud infrastructure market will be $62B by 2020, says Oppenheimer
Oppenheimer analyst Timothy Horan says "the race is on" for public cloud providers to get as much of their customers' data on their respective cloud platforms as possible. The analyst believes Amazon (AMZN) Web Services, Microsoft (MSFT), and Alphabet's Google (GOOG; GOOGL) have ambitions to become the dominant OS of the cloud, and to do so these companies will aim to have integrated solutions from the infrastructure layer to services through first-party offerings and/or the development of a strong partner channel. He views AWS as the primary wholesale cloud platform and Microsoft as the enterprise platform. However, given the relative immaturity of the market and the massive $1T opportunity, all three have been successful focusing on multiple segments, Horan adds, noting that he expects the public cloud infrastructure market to be $62B by 2020.
11/17/16
PIPR
11/17/16
NO CHANGE
PIPR
Piper sees Trump-related Internet selloff as 'rare opportunity'
Piper Jaffray analyst Gene Munster says he would be "buying the fear" priced into Internet mega-caps. Concerns of President-Elect Trump's impact on tech companies are being largely extrapolated from sound bites that are unlikely to manifest during Trump's presidency, Munster tells investors in a research note. The selloff in "best-in-class" large cap internet stocks Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOG), Facebook (FB) and Netflix (NFLX) presents a "rare opportunity," Munster writes. He believes Trump's threats towards Amazon are without merit and that net neutrality is unlikely to be reversed. He finds the valuations for each of the mega-caps "very attractive."
11/21/16
BARD
11/21/16
NO CHANGE
BARD
Outperform
Baird expects Amazon.com distribution announcement with Patterson
Following industry conversions, Baird analyst Jeff Johnson expects Patterson Companies (PDCO) to announce an Amazon.com (AMZN) distribution agreement tomorrow. What the analyst hadnt considered and is now hearing is that Amazon could fulfill orders placed through Patterson's order portal, lowering Patterson's fulfillment costs and given the company breathing room as it pursues DSO deals. Johnson rates Patterson a Neutral with a $48 price target.
ATSG Air Transport Services
$16.68

0.23 (1.40%)

03/09/16
BARD
03/09/16
NO CHANGE
BARD
Outperform
Amazon deal with Air Transport confirms logistics ambitions, says Baird
Baird analyst Colin Sebastian, who has forecast for some time that Amazon (AMZN) will eventually offer Transportation & Logistics services to third parties, said this morning's announcement from Air Transport Services Group (ATSG) confirms that the e-commerce giant plans to move into logistics services beyond its traditional fulfillment and last-mile initiatives. Sebastian, who believes near-term investments in Transportation & Logistics can offer long-term cost savings potential, keeps an Outperform rating on Amazon shares.
08/25/16
STFL
08/25/16
INITIATION
STFL
Hold
Air Transport Services initiated with a Hold at Stifel
AAWW Atlas Air
$50.55

-0.3 (-0.59%)

11/17/16
IMPC
11/17/16
INITIATION
Target $60
IMPC
Outperform
Atlas Air initiated with an Outperform at Imperial Capital
Imperial Capital analyst Michael Derchin started Atlas Air Worldwide Holdings with an Outperform rating and $60 price target. The company is a "global leader in the air freight industry with a superior fleet, strong brand identity, and customer relationships based on a focus on reliable service over a complex network," Derchin tells investors in a research note.
11/17/16
11/17/16
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. Adobe (ADBE) initiated with a Neutral at BTIG. 2. Bazaarvoice (BV) initiated with a Buy at BTIG. 3. Shopify (SHOP) initiated with a Buy at BTIG. 4. iRobot (IRBT) initiated with a Buy at Dougherty. 5. Atlas Air (AAWW) initiated with an Outperform at Imperial Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/26/16
STFL
08/26/16
INITIATION
Target $49
STFL
Buy
Atlas Air initiated with a Buy at Stifel
Stifel analyst David Ross initiated Atlas Air with a Buy and $49 price target saying shares are attractive ahead of a period of strong earnings growth and cash flow from e-commerce-driven volume growth.
08/25/16
STFL
08/25/16
INITIATION
STFL
Buy
Atlas Air initiated with a Buy at Stifel

TODAY'S FREE FLY STORIES

HZNP

Horizon Pharma

$19.39

-0.82 (-4.06%)

06:57
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  • 08

    Dec

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    Dec

BLK

BlackRock

$377.52

5.84 (1.57%)

06:56
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06:56
Periodicals
BlackRock signs preliminary deal to move to Manhattan's West Side, WSJ says »

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AMD

AMD

$9.56

0.11 (1.16%)

06:56
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EVHC

Envision Healthcare

$69.19

-2.51 (-3.50%)

06:55
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12/08
06:55
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06:55
Initiation
Envision Healthcare initiated  »

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06:55
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General news
NYMEX crude is showing a 0.8% gain »

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MEI

Methode Electronics

$39.00

0.45 (1.17%)

06:54
12/08/16
12/08
06:54
12/08/16
06:54
Earnings
Methode Electronics raises FY17 EPS view to $2.30-$2.45 from $2.11-$2.35 »

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  • 08

    Dec

IGT

International Game

$25.49

0.36 (1.43%)

, SNE

Sony

$28.61

0.45 (1.60%)

06:54
12/08/16
12/08
06:54
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06:54
Hot Stocks
International Game signs license agreement with Sony Pictures Television »

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IGT

International Game

$25.49

0.36 (1.43%)

SNE

Sony

$28.61

0.45 (1.60%)

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MEI

Methode Electronics

$39.00

0.45 (1.17%)

06:53
12/08/16
12/08
06:53
12/08/16
06:53
Earnings
Methode Electronics reports Q2 EPS 66c, consensus 55c »

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  • 08

    Dec

VRNT

Verint

$38.30

0.1 (0.26%)

06:52
12/08/16
12/08
06:52
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06:52
Recommendations
Verint analyst commentary  »

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  • 08

    Dec

AMC

AMC Entertainment

$32.65

-1.15 (-3.40%)

, CKEC

Carmike Cinemas

$33.45

-0.4 (-1.18%)

06:49
12/08/16
12/08
06:49
12/08/16
06:49
Hot Stocks
AMC Entertainment and Carmike Cinemas announce election deadline »

AMC Theatres (AMC) and…

AMC

AMC Entertainment

$32.65

-1.15 (-3.40%)

CKEC

Carmike Cinemas

$33.45

-0.4 (-1.18%)

03/08/13
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SCBFF

Standard Chartered

$8.68

0.28 (3.33%)

06:47
12/08/16
12/08
06:47
12/08/16
06:47
Periodicals
StanChart sanctions investigation nearing completion, Bloomberg reports »

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HP

Helmerich & Payne

$80.86

0.94 (1.18%)

06:46
12/08/16
12/08
06:46
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06:46
Downgrade
Helmerich & Payne rating change  »

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LULU

lululemon

$59.84

2.6 (4.54%)

06:45
12/08/16
12/08
06:45
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06:45
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lululemon rating change  »

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  • 09

    Jan

PRGO

Perrigo

$83.94

-0.53 (-0.63%)

06:44
12/08/16
12/08
06:44
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06:44
Hot Stocks
Perrigo announces portfolio review developments, intends to restructure BCH unit »

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CEB

CEB

$59.50

0.35 (0.59%)

06:43
12/08/16
12/08
06:43
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06:43
Downgrade
CEB rating change  »

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UHS

Universal Health

$111.36

-15.01 (-11.88%)

06:42
12/08/16
12/08
06:42
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06:42
Hot Stocks
Universal Health issues statement on recent BuzzFeed article »

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  • 08

    Dec

GOOGL

Alphabet Class A

$791.47

15.29 (1.97%)

, GOOG

Alphabet

$771.19

12.08 (1.59%)

06:42
12/08/16
12/08
06:42
12/08/16
06:42
Recommendations
Alphabet Class A, Alphabet, Facebook, Amazon.com analyst commentary  »

Citi replaces Amazon with…

GOOGL

Alphabet Class A

$791.47

15.29 (1.97%)

GOOG

Alphabet

$771.19

12.08 (1.59%)

FB

Facebook

$117.95

0.64 (0.55%)

AMZN

Amazon.com

$770.42

5.7 (0.75%)

03/08/13
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  • 15

    Jan

SMG

Scotts Miracle-Gro

$92.84

2.01 (2.21%)

06:41
12/08/16
12/08
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06:41
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ARAY

Accuray

06:40
12/08/16
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06:40
Hot Stocks
Accuray reports first patients treated with new Radixact system »

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  • 08

    Dec

TAX

Liberty Tax

$13.35

0.5 (3.89%)

06:38
12/08/16
12/08
06:38
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06:38
Earnings
Liberty Tax reports Q2 EPS (72c), consensus (71c) »

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  • 08

    Dec

ZEN

Zendesk

$21.15

-0.02 (-0.09%)

06:38
12/08/16
12/08
06:38
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06:38
Conference/Events
Zendesk management to meet with William Blair »

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  • 08

    Dec

AMZN

Amazon.com

$770.42

5.7 (0.75%)

06:38
12/08/16
12/08
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06:38
Periodicals
Amazon seeks to help publishers profit more from ads, WSJ says »

Amazon is advancing…

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INFN

Infinera

$8.48

0.01 (0.12%)

06:37
12/08/16
12/08
06:37
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06:37
Conference/Events
Infinera management to meet with William Blair »

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  • 08

    Dec

LLL

L-3 Communications

$161.56

3.1 (1.96%)

06:36
12/08/16
12/08
06:36
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06:36
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L-3 Communications rating change  »

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BLL

Ball Corp.

$75.58

1.38 (1.86%)

06:34
12/08/16
12/08
06:34
12/08/16
06:34
Recommendations
Ball Corp. analyst commentary  »

Ball Corp. recent…

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  • 13

    Dec

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