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SFTBF

SoftBank

$74.32

-0.5 (-0.67%)

, AAPL

Apple

$141.46

1.47 (1.05%)

19:49
03/20/17
03/20
19:49
03/20/17
19:49

SoftBank invests $300M in WeWork, WSJ says

SoftBank (SFTBF) has invested $300M in WeWork, reports the Wall Street Journal, citing sources. The investment is "expected to be a prelude" to at least two other funding chunks totalling about $3B which are expected to come from SoftBank's $100B tech fund, while the initial $300M comes from SoftBank itself, the report says. Backers of SoftBank's $100B tech fund include Apple (AAPL) and Qualcomm (QCOM). Reference Link

SFTBF

SoftBank

$74.32

-0.5 (-0.67%)

AAPL

Apple

$141.46

1.47 (1.05%)

QCOM

Qualcomm

$57.81

0.26 (0.45%)

SFTBF SoftBank
$74.32

-0.5 (-0.67%)

08/23/16
JPMS
08/23/16
UPGRADE
JPMS
Overweight
SoftBank upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jun Tanabe upgraded SoftBank (SFTBF) to Overweight from Neutral and raised his price target on the stock to Y9,930 from Y6,500, citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business.
08/23/16
08/23/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Square (SQ) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying he now feels more confident in the company's growth and profitability outlook and its competitive position following three quarters of consistent execution. 2. BHP Billiton (BHP) upgraded to Buy from Hold at Jefferies with analyst Christopher LaFemina saying he believes fundamentals have "clearly improved," citing supply that has declined in most cases and demand that has stabilized. 3. SoftBank (SFTBF) upgraded to Overweight from Neutral at JPMorgan with analyst Jun Tanabe citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business. 4. Allscripts (MDRX) upgraded to Outperform from Market Perform at Leerink with analyst David Larsen saying he believes that the company's core fundamentals are improving "significantly." 5. Westlake Chemical (WLK) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying that the company's merger with Axiall (AXLL) "creates a new way to play chlor-alkali," as well as synergies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/07/16
OPCO
12/07/16
NO CHANGE
Target $70
OPCO
Outperform
T-Mobile price target raised to $70 from $55 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for T-Mobile (TMUS) to $70 from $55 as he views it as the best way to play the deregulatory/technology driven consolidation. The analyst notes that President-Elect Trump met with Masayoshi Son of SoftBank (SFTBF), who agreed to invest $50B in the U.S. Horan believes the meeting will likely be a precursor to a Sprint (S)/T-Mobile/Dish (DISH) merger to create a discounted quad-play service company. The analyst reiterates an Outperform rating on T-Mobile' shares, and points out that the company has improved its network and taken share from AT&T (T)/Verizon (VZ).
AAPL Apple
$141.46

1.47 (1.05%)

03/20/17
PIPR
03/20/17
NO CHANGE
Target $155
PIPR
Overweight
Piper analysis yields $163 current fair value for Apple shares
Piper Jaffray analyst Michael Olson expects Apple's services revenue to rise from an 11% contribution in FY16 to 17% in FY20. As services approaches 20% of revenue, with a larger contribution to profitability due to higher margin relative to the core business, many investors will shift to a sum-of-the-parts valuation on Apple, Olson tells investors in a research note. His sum-of-the-parts analysis looking out two years values Apple at $195 per share. Discounting that back two years, the analyst comes up with a current fair value of $163 per share. Apple closed Friday down 78c to $139.91. Olson remains a buyer of Apple citing the "growing anticipation" around the iPhone 8 and a "strong trajectory" for services revenue. He maintains an Overweight rating on the shares with a $155 price target.
03/20/17
RBCM
03/20/17
NO CHANGE
RBCM
iPhone 8 could match or surpass iPhone 6, says RBC Capital
RBC Capital analyst Amit Daryanani believes that the unit sales and growth of iPhone 8, due out in September, "could match or even surpass" the performance of the iPhone 6. The analyst expects the iPhone 8 to feature wireless charging and an improved processor., as well as "a complete redesign." He believes that the redesign can cause Apple's share gains to accelerate, enabling the growth of its services business to increase. Daryanani keeps a $155 price target and an Outperform rating on the shares.
03/20/17
COWN
03/20/17
NO CHANGE
Target $155
COWN
Outperform
Apple price target raised to $155 from $135 at Cowen
Cowen analyst Timothy Arcuri raised his price target on Apple to $155 from $135 as he believes Street estimates remain way too low. He sees an aging iPhone base, especially in China, that should lead to a powerful launch of the iPhone 8. In addition to Street estimates having to come up, Arcuri also sees the potential for additional multiple expansion. Arcuri reiterated his Outperform rating on Apple shares.
03/20/17
ARGS
03/20/17
NO CHANGE
ARGS
Apple has positive read through from Jabil results, says Argus
Argus analyst Jim Kelleher believes that Jabil (JBL) reported "solid" results which bode well for Apple (AAPL). However, the analyst says that Jabil has been disappointing after triggering elevated expectations in the past, and he keeps a Hold rating on that stock.
QCOM Qualcomm
$57.81

0.26 (0.45%)

02/22/17
SBSH
02/22/17
NO CHANGE
Target $60
SBSH
Neutral
Qualcomm price target lowered to $60 from $70 at Citi
Citi analyst Christopher Danely lowered his price target for Qualcomm (QCOM) to $60 citing the likelihood of lower royalty rates driven by the Korea Fair Trade Commission and Apple (AAPL) lawsuits. The analyst, however, believes lower royalties are priced into Qualcomm shares. He expects the stock to trade up to $60 due to positive catalysts from the NXP Semiconductors (NXPI) acquisition and iPhone launch in the second half of 2017. Danely keeps a Neutral rating on Qualcomm.
02/01/17
02/01/17
NO CHANGE

Pacific Crest identifies chip names with positive read throughs from Apple
Pacific Crest says that the following semiconductor companies have "modest" positive read throughs from Apple's (AAPL) results: Analog Devices (ADI), Broadcom (AVGO), Cirrus Logic (CRUS), ON Semiconductor (ON), Qualcomm (QCOM), Qorvo (QRVO), Skyworks(SWKS), Synaptics (SYNA), TSMC (TSM) and Texas Instruments (TXN). The firm identifies Broadcom as its favorite name in the group and recommends buying the stock.
01/27/17
FBCO
01/27/17
NO CHANGE
FBCO
Apple position inconsistent with industry practice, says Credit Suisse
Following Qualcomm's (QCOM) earnings conference call, Credit Suisse analyst Kulbinder Garcha notes that Apple's (AAPL) lawsuit is essentially a commercial dispute over the price of the former's IP. Further, the analyst points out that while Apple claims that the terms Qualcomm enforces are unfair and unreasonable, the latter has argued that it has signed over 200 license agreements, which validates and recognizes the value of its technology. Additionally, the iPhone maker claims that Qualcomm should be required to license its cellular SEPs to modem suppliers and should only charge royalties on the price of the modem, but this is inconsistent with long-standing industry practice, and there has been no change in law to make this practice improper, he added.
01/26/17
OPCO
01/26/17
NO CHANGE
OPCO
Perform
Qualcomm legal issues should not impact NXP acquisition, says Oppenheimer
Oppenheimer analyst Rick Schafer notes that while Qualcomm's (QCOM) management plans to "vigorously defend itself" in the legal disputes with Apple (AAPL), Korean FTC, EU, China and U.S. FTC, he thinks these issues likely face an extended time to resolution. Nonetheless, the analyst does not expect legal issues to impact the pending NXP Semiconductors (NXPI) acquisition, and continues to expect the deal close by the end of 2017. He reiterates a Perform rating on Qualcomm's shares.

TODAY'S FREE FLY STORIES

GM

General Motors

$45.42

-0.34 (-0.74%)

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IPXL

Impax

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-0.85 (-4.09%)

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GOOGL

Alphabet Class A

$1,009.35

1.48 (0.15%)

12:50
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Periodicals
Alphabet to unfold site in Toronto, Reuters reports »

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WLL

Whiting Petroleum

$5.13

-0.135 (-2.57%)

12:45
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Options
Whiting Petroleum call volume above normal and directionally bullish »

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MAR

Marriott

$114.75

-0.36 (-0.31%)

12:39
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Marriott says Ed Ryan to retire as general counsel »

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VSTM

Verastem

$4.21

-0.14 (-3.22%)

12:35
10/17/17
10/17
12:35
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Conference/Events
Verastem management to meet with Jefferies »

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VALE

Vale

$10.28

-0.225 (-2.14%)

12:34
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10/17
12:34
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Periodicals
Vale seeks partner to invest in New Caledonia mine, FT reports »

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SB

Safe Bulkers

$3.21

-0.03 (-0.93%)

12:33
10/17/17
10/17
12:33
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12:33
Conference/Events
Safe Bulkers management to meet with Jefferies »

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  • 17

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CREE

Cree

$29.28

-0.08 (-0.27%)

12:29
10/17/17
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Technical Analysis
Technical Earnings Preview: Cree near top of range ahead of results »

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  • 17

    Oct

PYPL

PayPal

$67.31

-1.35 (-1.97%)

12:25
10/17/17
10/17
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Recommendations
PayPal analyst commentary  »

PayPal price target…

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LNG

Cheniere Energy

$48.20

0.48 (1.01%)

12:25
10/17/17
10/17
12:25
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Options
Cheniere Energy call volume above normal and directionally bullish »

Bullish option flow…

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12:25
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10/17
12:25
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12:25
General news
U.S. corporate bond update: the calendar is relatively slim »

U.S. corporate bond…

CYTR

CytRx

$0.38

-0.0142 (-3.64%)

12:25
10/17/17
10/17
12:25
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Conference/Events
CytRx to host special shareholder meeting »

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  • 17

    Oct

12:25
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Conference/Events
Federal Reserve Bank of Philadelphia President speaks at summit »

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American Association for Cancer Research holds a webinar »

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GOOG

Alphabet

$992.00

2.32 (0.23%)

12:20
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Google refreshes Google Calendar for web »

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JNJ

Johnson & Johnson

$139.15

3.03 (2.23%)

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Periodicals
Appeals court throws out $72M verdict against J&J, St. Louis Post-Dispatch says »

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General news
Treasury's $40 B 4-week bill garnered solid results »

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SPX

S&P 500

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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SNAP

Snap

$16.21

0.135 (0.84%)

12:15
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Snap says advertising will stay main source of revenue, Bloomberg says »

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HBI

Hanesbrands

$23.28

-0.11 (-0.47%)

12:15
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Options
HanesBrands put volume heavy and directionally bearish »

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12:15
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General news
U.S. equities have been waffling »

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BC

Brunswick

$57.82

0.2324 (0.40%)

12:14
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Hot Stocks
Brunswick raises quarterly dividend 15% to 19c per share »

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  • 22

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