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FB

Facebook

$121.47

-0.3 (-0.25%)

, AMZN

Amazon.com

$785.33

5.33 (0.68%)

07:51
11/23/16
11/23
07:51
11/23/16
07:51

Facebook, Amazon.com most attractive on post-election pullback, says Oppenheimer

Oppenheimer analyst Jason Helfstein notes that there has been a rotation into industrial and financial stocks post-election, at the expense of multinational technology stocks. However, he sees some potential positive catalysts for "FANG" names, namely Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google (GOOG; GOOGL), with the first two looking the most attractive at current levels. The analyst points out that Facebook's potential positive catalysts include faster than expected ad monetization driven by "Video First" strategy, Instagram engagement and Dynamic Product Ads. As for Amazon, he expects stable consumer spending to support a strong holiday shopping season.

FB

Facebook

$121.47

-0.3 (-0.25%)

AMZN

Amazon.com

$785.33

5.33 (0.68%)

NFLX

Netflix

$118.04

0.08 (0.07%)

GOOG

Alphabet

$768.27

-0.93 (-0.12%)

GOOGL

Alphabet Class A

$785.00

0.2 (0.03%)

  • 23

    Nov

  • 29

    Nov

  • 05

    Dec

  • 15

    Jan

FB Facebook
$121.47

-0.3 (-0.25%)

11/16/16
BARD
11/16/16
NO CHANGE
Target $155
BARD
Outperform
Facebook updates on metrics don't alter value proposition, says Baird
Baird analyst Colin Sebastian noted that Facebook has identified a number of metrics that were being calculated incorrectly by the company. While significant, Facebook does not currently bill its clients based on any of these metrics, noted Sebastian, who doesn't think the news alters Facebook's core value proposition for users or advertisers. Also, Facebook's plans for a "Measurement Council" should improve client engagement and communication, contends the analyst, who keeps an Outperform rating on the shares and recommends investors continue to add to Facebook positions on weakness.
11/18/16
RBCM
11/18/16
NO CHANGE
RBCM
Internet stock weakness creates buying opportunity, says RBC Capital
EBC Capital analyst Mark Mahaney says that the 5%-10% decline in Internet stocks since the election has created more attractive long-term opportunities. The analyst does not expect the Trump Administration's policies to have a major impact on the fundamentals of the Internet sector. His favorite large-cap names in the sector are, in order, Netflix (NFLX), Facebook (FB), and Priceline (PCLN). His favorite small-cap names are, in order, Yelp (YELP), Criteo (CRTO), and GoDaddy (GDDY).
11/21/16
DBAB
11/21/16
NO CHANGE
Target $150
DBAB
Buy
Deutsche says buy Facebook following recent weakness
Deutsche Bank analyst Lloyd Walmsley views Facebook's $6B share repurchase beginning in 2017 as a "welcome launch" of a capital return program. The stock represents an "outstanding value" following the recent selloff, Walmsley tells investors in a research note. He recommends that investors add to positions at current levels and keeps a Buy rating on Facebook with a $150 price target.
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."
AMZN Amazon.com
$785.33

5.33 (0.68%)

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.
11/21/16
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.
11/21/16
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.
NFLX Netflix
$118.04

0.08 (0.07%)

11/21/16
11/21/16
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 Buy at Brean Capital. 2. Allergan (AGN) initiated with a Market Perform at William Blair. 3. Myovant Sciences (MYOV) was initiated with an Overweight at Barclays, an Outperform at JMP Securities, an Outperform at Baird, a Buy at Citi, and an Outperform at Cowen. 4. RA Pharmaceuticals (RARX) was initiated with a Buy at Jefferies, a Buy at SunTrust, and an Outperform at Credit Suisse. 5. ZTO Express (ZTO) was initiated with a Buy ratings at Citi and Goldman and an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/16
BMUR
11/21/16
INITIATION
Target $145
BMUR
Buy
Netflix initiated with a Buy at Brean Capital
Brean Capital analyst Alan Gould started Netflix with a Buy rating and $145 price target. The company has created an "unstoppable lead" in the internet TV business and is positioned to dominate the business long term, Gould tells investors in a research note. He believes Netflix over the next 15 years can attract 300M global subscribers and generate over $25 of earnings per share. The stock closed Friday up 18c to $115.21.
11/18/16
MACQ
11/18/16
NO CHANGE
MACQ
Netflix mentioned positively at M Science
11/18/16
WBLR
11/18/16
NO CHANGE
WBLR
Outperform
William Blair calls Netflix net-neutrality fears overblown
Shares of Netflix are down about 8% since President-elect Donald Trump won the election, in part due to growing concerns about potential changes to net-neutrality, William Blair analyst Ralph Schackart tells investors in a research note. Netflix already has paying arrangements in place with the major Internet Service Providers in the United States, and any potential reversal of net-neutrality rules by the Federal Communications Commission would likely not supersede agreements that are already established, Schackart contends. As such, the analyst believes any changes to the rule would likely be a nonevent for Netflix. He remains a long-term believer in Netflix's original content strategy, the "inevitable" shift to over-the-stop streaming, and the company's ability to grow revenue faster than content costs. Schackart's "base case" valuation methodology points to a mid-$140s stock price and his "bull case" has a stock price of $185. Netflix closed yesterday at $115.03.
GOOG Alphabet
$768.27

-0.93 (-0.12%)

11/10/16
STFL
11/10/16
UPGRADE
Target $1900
STFL
Buy
Stifel calls Priceline a dominant franchise, upgrades to Buy
Stifel analyst Scott Devitt last night upgraded Priceline (PCLN) to Buy from Hold and upped his price target for the shares to $1,900 from $1,650. The company, given its recent growth execution and ability to "navigate competitive and macro headwinds," fits alongside other dominant internet franchises such as Amazon (AMZN), Google (GOOG, GOOGL), Facebook (FB) and Alibaba BABA), Devitt tells investors in a research note.
11/11/16
LOOP
11/11/16
NO CHANGE
LOOP
Loop Capital sees U.S.-centric internet names outperforming in near-term
Following the election of Donald Trump as President and the Republican sweep in D.C., large cap internet names, those with more international revenues, and China-based companies have been underperforming, noted Loop Capital analyst Blake Harper. Larger caps, such as Alphabet (GOOG), Amazon (AMZN) and Facebook (FB), could continue to see more pressure given the potential for more restrictive trade and antitrust policies, while internet companies the large majority of their revenues from the U.S. and a narrower market focus - such as Angie's List (ANGI), Care.com (CRCM), GrubHub (GRUB), Quotient (QUOT), Bankrate (RATE), LendingTree (TREE), TrueCar (TRUE) and Yelp (YELP) - should outperform in the near-term, contends Harper.
GOOGL Alphabet Class A
$785.00

0.2 (0.03%)

10/26/16
STFL
10/26/16
NO CHANGE
Target $103
STFL
Buy
Stifel sees Dycom customers deploying fiber 'aggressively' despite Google news
After Google (GOOG) confirmed in a blog post that it is "pausing" its Google Fiber rollout in most of its potential fiber cities while it "refines its approach," Stifel analyst Noelle Dilts lowered her forecast for Dycom's (DY) Google Fiber revenue and cut her F17 EPS estimate for Dycom by 2% and her 2018 estimate by 5%. However, Dilts maintains her view that Dycom's other major customers will continue to deploy fiber "aggressively" and reiterated her Buy rating on the stock while trimming her price target to $103 from $106.

TODAY'S FREE FLY STORIES

FB

Facebook

$153.59

-1.48 (-0.95%)

13:08
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AVAV

AeroVironment

$30.97

0.2 (0.65%)

13:07
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06/27
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13:07
Conference/Events
AeroVironment management to meet with Jefferies »

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CBI

CB&I

$19.00

4.6 (31.94%)

13:05
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CB&I call volume above normal and directionally bullish »

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DGX

Quest Diagnostics

$109.93

-0.12 (-0.11%)

13:05
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Quest Diagnostics announces intent to acquire CCHC outreach lab business »

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FOX

21st Century Fox

$27.62

0.69 (2.56%)

, FOXA

21st Century Fox

$28.04

0.85 (3.13%)

12:57
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Hot Stocks
FOX Sports partners with Facebook to stream Champions League soccer »

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FOX

21st Century Fox

$27.62

0.69 (2.56%)

FOXA

21st Century Fox

$28.04

0.85 (3.13%)

FB

Facebook

$153.59

-1.48 (-0.95%)

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DHXM

DHX Media

$4.15

-0.0367 (-0.88%)

12:56
06/27/17
06/27
12:56
06/27/17
12:56
Conference/Events
DHX Media management to meet with Jefferies »

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IVZ

Invesco

$35.01

-0.005 (-0.01%)

12:55
06/27/17
06/27
12:55
06/27/17
12:55
Conference/Events
Invesco management to meet with Jefferies »

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FDX

FedEx

$215.36

-0.0025 (-0.00%)

12:52
06/27/17
06/27
12:52
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12:52
Periodicals
TNT Express says hit with 'interference' with some of its systems, ABC News says »

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FDX

FedEx

12:50
06/27/17
06/27
12:50
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12:50
Periodicals
FedEx 'operating normally' after functionality issues, Reuters reports »

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  • 07

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THC

Tenet

$19.43

0.6587 (3.51%)

12:50
06/27/17
06/27
12:50
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12:50
Options
3K Tenet Healthcare Jul 20 calls trade for 88c »

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  • 30

    Jul

AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

, WFM

Whole Foods

$42.69

-0.255 (-0.59%)

12:48
06/27/17
06/27
12:48
06/27/17
12:48
Hot Stocks
Kroger CEO: Whole Foods 'great fit' for Amazon »

Speaking in a CNBC…

AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

WFM

Whole Foods

$42.69

-0.255 (-0.59%)

KR

Kroger

$22.97

0.355 (1.57%)

03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

SMSMY

Sims Metal

$10.30

-0.03 (-0.29%)

12:47
06/27/17
06/27
12:47
06/27/17
12:47
Upgrade
Sims Metal rating change  »

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12:45
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General news
Breaking General news story  »

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12:45
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Conference/Events
Federal Reserve Board Chair Yellen speaks on global economic issues »

Federal Reserve Board…

DD

DuPont

$80.85

-0.31 (-0.38%)

, DOW

Dow Chemical

$63.30

-0.27 (-0.42%)

12:43
06/27/17
06/27
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12:43
Periodicals
Mexico's Cofece grants conditional approval of DuPont-Dow tie-up, Reuters says »

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DD

DuPont

$80.85

-0.31 (-0.38%)

DOW

Dow Chemical

$63.30

-0.27 (-0.42%)

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  • 25

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TGT

Target

$52.22

0.74 (1.44%)

, AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

12:41
06/27/17
06/27
12:41
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12:41
Periodicals
Target prices next-day delivery service test $1 below Amazon's, StarTribune says »

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TGT

Target

$52.22

0.74 (1.44%)

AMZN

Amazon.com

$993.98

-9.76 (-0.97%)

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CBI

CB&I

$19.08

4.68 (32.50%)

12:34
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Treasury 5-year auction outlook: the auction should go well »

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MSFT

Microsoft

$70.53

-0.68 (-0.95%)

, BOX

Box

$19.45

0.31 (1.62%)

12:25
06/27/17
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Hot Stocks
Box, Microsoft announce expanded cloud partnership »

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MSFT

Microsoft

$70.53

-0.68 (-0.95%)

BOX

Box

$19.45

0.31 (1.62%)

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  • 20

    Jul

SMSMY

Sims Metal

$10.30

-0.03 (-0.29%)

12:24
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$NSD

NASDAQ Market Internals

12:17
06/27/17
06/27
12:17
06/27/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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S

Sprint

$8.46

0.45 (5.62%)

, TMUS

T-Mobile

$63.15

-0.25 (-0.39%)

12:17
06/27/17
06/27
12:17
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12:17
General news
On The Fly: Top stock stories at midday »

The major averages are…

S

Sprint

$8.46

0.45 (5.62%)

TMUS

T-Mobile

$63.15

-0.25 (-0.39%)

CMCSA

Comcast

$39.59

0.09 (0.23%)

CHTR

Charter

$332.65

1.85 (0.56%)

VZ

Verizon

$44.91

-0.8375 (-1.83%)

T

AT&T

$37.84

-0.31 (-0.81%)

GOOGL

Alphabet Class A

$972.09

-14 (-1.42%)

GOOG

Alphabet

$952.27

-13.32 (-1.38%)

MRK

Merck

$65.98

0.0554 (0.08%)

MDLZ

Mondelez

WPPGY

WPP PLC

$105.93

0.11 (0.10%)

CBI

CB&I

$19.46

5.06 (35.14%)

DRI

Darden

$93.75

3.67 (4.07%)

WDC

Western Digital

$92.66

-0.68 (-0.73%)

STX

Seagate

$42.39

-0.28 (-0.66%)

RARX

RA Pharmaceuticals

$22.18

-0.83 (-3.61%)

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$NYE

NYSE Market Internals

12:16
06/27/17
06/27
12:16
06/27/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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RARX

RA Pharmaceuticals

$22.18

-0.83 (-3.61%)

12:13
06/27/17
06/27
12:13
06/27/17
12:13
Recommendations
RA Pharmaceuticals analyst commentary  »

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  • 27

    Jun

VLKAY

Volkswagen

$30.60

-0.03 (-0.10%)

12:09
06/27/17
06/27
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12:09
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Fitch revises Volkswagen outlook to Stable from Negative »

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