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SFTBF

SoftBank

$82.40

0.0101 (0.01%)

18:22
07/17/17
07/17
18:22
07/17/17
18:22

SoftBank, WeWork form joint venture under name WeWork Japan

SoftBank and WeWork announced a joint venture that will bring WeWork's platform of space, community, and services for companies of all sizes to Japan. The SoftBank Group and WeWork will each own 50% of the joint venture, which will operate under the name of WeWork Japan. By entering Japan, WeWork will expand its global community and connect its more than 130,000 members to the innovative and growing Japanese market. WeWork plans to launch its first location in Tokyo in early 2018. To oversee this launch and scale its Japanese operations, WeWork has appointed Chris Hill to serve as the Chief Executive Officer of WeWork Japan. Chris joined WeWork in 2010 shortly after its founding to serve as the company's first Chief Operating Officer. During his tenure at WeWork, Chris has held several key executive functions, which include serving as the Global Head of Community and Operations and, most recently, serving as the Global Chief Community Officer. In these roles, Chris has created, implemented, and scaled many of the processes, operational frameworks, and strategies that are used to run WeWork communities and create the highest level of member experience. Over the past two years, Chris has spent extensive time overseas successfully scaling the WeWork brand in foreign markets.

SFTBF SoftBank
$82.40

0.0101 (0.01%)

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).
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.
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.

TODAY'S FREE FLY STORIES

YY

YY

$73.02

2.33 (3.30%)

14:25
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FX Action: The dollar »

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ABX

Barrick Gold

$16.00

-0.04 (-0.25%)

14:20
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Technical Analysis
Technical Earnings Preview: Barrick Gold range-bound before earnings »

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AMZN

Amazon.com

$1,039.87

0.92 (0.09%)

, ULTA

Ulta Beauty

$256.61

4.53 (1.80%)

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Hot Stocks
Piper says Amazon not near-term threat to Ulta Beauty »

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AMZN

Amazon.com

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0.92 (0.09%)

ULTA

Ulta Beauty

$256.61

4.53 (1.80%)

EL

Estee Lauder

$98.85

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FB

Facebook

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-0.72 (-0.43%)

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WEC

WEC Energy

$62.56

0.38 (0.61%)

14:17
07/26/17
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Earnings
WEC Energy sees Q3 EPS 63c-67c, consensus 72c »

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$NYE

NYSE Market Internals

14:16
07/26/17
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Technical Analysis
NYSE market internals summary »

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14:15
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General news
FOMC held rates steady and gave no firm date on the balance sheet unwind »

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SQM

SQM

$39.35

0.31 (0.79%)

14:10
07/26/17
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14:10
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14:10
Options
Call buyers opening a notable new position in Chemical and Mining of Chile »

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SPX

S&P 500

14:05
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General news
Federal Reserve says inflation declined and running below 2% »

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ECB's Nowotny agrees with Weidmann »

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UMC

UMC

$2.45

-0.11 (-4.30%)

14:02
07/26/17
07/26
14:02
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14:02
Downgrade
UMC rating change  »

UMC downgraded to Hold…

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SPX

S&P 500

14:02
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General news
Fed says stance of monetary policy 'remains accommodative' »

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SPX

S&P 500

14:01
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General news
Fed sees balance sheet normalization 'relatively soon' »

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14:01
07/26/17
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14:01
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General news
FOMC Meeting Announcement Federal Funds Rate data reported »

FOMC Meeting Announcement…

SPX

S&P 500

14:00
07/26/17
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General news
Breaking General news story on S&P 500 »

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RBS

RBS

$6.67

0.04 (0.60%)

13:58
07/26/17
07/26
13:58
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13:58
Hot Stocks
RBS provides update on remaining State Aid obligation regarding Williams & Glyn »

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UPS

UPS

$112.70

-0.52 (-0.46%)

, FDX

FedEx

$214.34

-0.03 (-0.01%)

13:50
07/26/17
07/26
13:50
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13:50
Earnings
On The Fly: What to watch in UPS earnings report »

UPS (UPS) is scheduled to…

UPS

UPS

$112.70

-0.52 (-0.46%)

FDX

FedEx

$214.34

-0.03 (-0.01%)

BA

Boeing

$229.76

17.3 (8.14%)

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GG

Goldcorp

$13.56

0.14 (1.04%)

13:50
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Options
Defensive option play in GoldCorp ahead of earnings »

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FCEL

FuelCell

$1.48

0.03 (2.07%)

13:50
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Hot Stocks
Breaking Hot Stocks news story on FuelCell 

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F

Ford

$11.06

-0.215 (-1.91%)

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Ford drops after quarterly beat attributed to tax credits »

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FB

Facebook

$165.28

-0.72 (-0.43%)

13:45
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Periodicals
Facebook TV episodes ready for Mid-August, Bloomberg reports »

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GNC

GNC Holdings

$9.54

0.09 (0.95%)

13:45
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Options
GNC Holdings call volume above normal and directionally bullish »

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  • 27

    Jul

13:45
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General news
FOMC Meeting Announcement Federal Funds Rate to be reported at 14:00 »

FOMC Meeting Announcement…

TWTR

Twitter

$19.41

-0.5638 (-2.82%)

13:42
07/26/17
07/26
13:42
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13:42
Earnings
On The Fly: What to watch in Twitter earnings report »

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  • 13

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