Information Provided By:
Fly News Breaks for March 20, 2017
MSFT, DATA
Mar 20, 2017 | 08:38 EDT
JMP Securities analyst Greg McDowell says that investors' worries about Tableau's (DATA) intensifying competition are overdone. The analyst thinks that the company has a significant lead over its competitions, while many enterprises are starting to use analytics. The analyst adds that, although Microsoft (MSFT) has become a tougher competitor, the competition from Qlik and TIBCO Sportfire has eased. The analyst says that the weakness in Tableau's stock has created a buying opportunity, and he keeps a $65 price target and an Outperform rating on Tableau.
News For DATA;MSFT From the Last 2 Days
MSFT
Apr 28, 2017 | 16:31 EDT
Stocks ended the week higher following the busiest week in earnings so far this year and as the Trump administration introduced new tax guidelines. MACRO NEWS: In the U.S., GDP growth rose only 0.7% in the first quarter. First quarter employment costs posted a 0.8% growth pace. The Chicago Fed National Activity index edged up to 0.08 in March. The Dallas Fed manufacturing index dipped 0.1 point to 16.8 in April. The Richmond Fed manufacturing index dipped to 20 in April. The Case-Shiller 20-City home price index rose 0.42% to 193.5 for February. The FHFA home price index rose 0.8% in February to 244.8. Consumer sentiment slid 4.6 points to 120.3 in the preliminary April. New home sales jumped 5.8% to a seasonally adjusted annual rate of 621,000 units last month. Initial jobless claims rose 14,000 to 257,000 in the week ended April 22. The trade deficit in goods widened slightly to $64.8B. Durable goods orders rose 0.7% in March. An index of pending home sales fell 0.8% to 111.4 in March. The Chicago PMI increased 0.6 points to 58.3 in April... In Asia, the Bank of Japan raised its economic forecasts, but kept policy steady. Japan's core consumer price index rose 0.2% in March, the unemployment rate for March was 2.8%, industrial production fell 2.1% in March from the previous month, and retail sales climbed 2.1% from a year ago... In Europe, France's presidential election took place last Sunday, with pro-European centrist Emmanuel Macron taking first place and anti-immigrant and anti-EU Marine Le Pen the second. Both candidates will now go through to a runoff on May 7. The European Central Bank decided to keep interest rates unchanged. COMPANY NEWS: Alphabet (GOOG; GOOGL) reported better than expected quarterly earnings and revenue. The company saw higher ad sales, helped by mobile search and ongoing strength in YouTube... Amazon.com (AMZN) also reported stronger than expected first quarter results as its retail and cloud-computing sales rose for the quarter. Responding to the results, a large number of Wall Street research firms raised their price targets on the stock... Meanwhile, Microsoft (MSFT) announced lower than expected revenue, partially due to lighter volumes for its Surface products... Among other companies that announced quarterly results this week, Hasbro (HAS), McDonald's (MCD), Caterpillar (CAT), Du Pont (DD), 3M (MMM), Rite Aid (RAD), Twitter (TWTR), AT&T (T), United Technologies (UTX), Chipotle Mexican Grill (CMG), Fiat Chrysler (FCAU), UPS (UPS), PayPal (PYPL), Under Armour (UAA; UA), Comcast (CMCSA; CMCSK), Exxon Mobil (XOM), Chevron (CVX), and Western Digital (WDC) advanced following their reports, while Halliburton (HAL), Coca-Cola (KO), Eli Lilly (LLY), Express Scripts (ESRX), Lockheed Martin (LMT), PepsiCo (PEP), Boeing (BA), Procter & Gamble (PG), U.S. Steel (X), Cree (CREE), Southwest Airlines (LUV), American Airlines (AAL), Ford (F), Dow Chemical (DOW), F5 Networks (FFIV), Intel (INTC), and GoPro (GPRO) declined... QUALCOMM (QCOM) lowered its third quarter earnings per share view after being informed by Apple (AAPL) that the latter is withholding payments to its contract manufacturers for the royalties those contract manufacturers owe under their licenses with Qualcomm for sales... United Continental (UAL) reached a settlement deal with David Dao, the passenger who was recorded being dragged off a United flight earlier this month, according to media reports... Activist investor Dan Loeb's Third Point is pushing for Honeywell (HON) to spin off its aerospace unit... Time Inc. (TIME) announced that it is pursuing "a number of strategic initiatives" and not pursuing a sale of the company. This comes after Meredith (MDP) was unable to line up its lending agreements to acquire Time, CNBC's David Faber said... In M&A news, Becton Dickinson (BDX) agreed to acquire C.R. Bard (BCR) for $317 per common share in cash and stock, for a total consideration of $24B. PPG Industries (PPG) announced that it has submitted a revised proposal for a combination with AkzoNobel (AKZOY). Including the assumption of net debt and minority interests, the proposed transaction is now valued at just about $29B. Straight Path Communications (STRP) disclosed that an unsolicited offer made by an unnamed "multi-national telecommunications company" is considered superior to AT&T's $95.63 per share bid. Media reported later that Verizon (VZ) submitted the $1.8B counter-bid for Straight Path. Tyson Foods (TSN) is acquiring AdvancePierre Foods (APFH) in a deal with a value of approximately $4.2B, including $3.2B in equity value and $1.1B in assumption of AdvancePierre debt. INDEXES: For the week, the Dow rose 1.88% to 20,940.51, the Nasdaq advanced 2.31% to 6,047.61, and the S&P 500 gained 1.5% to 2,384.20.
MSFT
Apr 28, 2017 | 16:20 EDT
Stocks began the session mixed as investors were given the task of digesting an avalanche of earnings reports and several economic numbers to cap off a very busy week. The market surged the first two days of the week, putting April on track to be a winning month. The market seemed to run out of steam as the week came to a close, though. Next week is scheduled to be just as busy as the earnings parade will continue. ECONOMIC NEWS: In the U.S., GDP growth rose only 0.7% in the first quarter, weaker than expected and only about one-third of the 2.1% clip in the fourth quarter. First quarter employment costs posted a 0.8% growth pace, firmer than expected. The Chicago PMI increased 0.6 points to 58.3 in April after rising 0.3 points to 57.7 in March. In Asia, Japan's core consumer price index, which includes oil products but excludes fresh food prices, rose 0.2% in March, the unemployment rate for March was 2.8%, industrial production fell 2.1% in March from the previous month, and retail sales climbed 2.1% from a year ago. COMPANY NEWS: Alphabet Class A (GOOGL) shares gained 3.7% after the Google parent reported better than expected quarterly earnings and revenue. The company saw higher ad sales, helped by mobile search and ongoing strength in YouTube despite the worries that preceded the report regarding advertisers' ad placement on the video platform... Also higher was Amazon.com (AMZN), which rose 0.7% after the company reported stronger than expected first quarter results as its retail and cloud-computing sales rose for the quarter... Microsoft (MSFT) advanced fractionally after its better than expected profits despite reporting lower than expected quarterly revenue... Standing out to the downside among the tech titans, Intel (INTC) slid 3.4% after the company reported quarterly earnings and approved a $10B increase to its share buyback program... Meanwhile, Exxon Mobil (XOM) and Chevron (CVX) rose a respective 0.5% and 1.2% after posting stronger than expected quarterly profits. MAJOR MOVERS: Among the notable gainers was Align Technology (ALGN), which gained 12.1% after the maker of Invisalign braces issued a forecast above consensus estimates. Also higher was Western Digital (WDC), which advanced 3.9% after reporting better than expected third quarter results and guidance. In addition, Honeywell (HON) rose 1% following news that activist investor Dan Loeb's Third Point is pushing for the conglomerate to spin off its aerospace unit. Among the noteworthy losers was Time Inc. (TIME), which dropped almost 17% after announcing that it is pursuing "a number" of strategic initiatives and not pursuing a sale of the company. Also lower was athenahealth (ATHN), which fell 19.3% after the company reported downbeat quarterly results and provided a conservative guidance for fiscal 2017. INDEXES: The Dow fell 40.82, or 0.19%, to 20,940.51, the Nasdaq lost 1.33, or 0.02%, to 6,047.61, and the S&P 500 declined 4.57, or 0.19%, to 2,384.20.
MSFT
Apr 28, 2017 | 12:37 EDT
The major averages began the day mixed as investors pored over the multitude of earnings reports that were released last night and this morning. The market may be a little tired after surging during the early part of the week. The most critical reports from last night were from tech bellwethers and the Nasdaq had moved to all-time highs in anticipation of solid reports from the likes of Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT) and Intel (INTC). While the first two of those came through with better than expected results, the latter two issued reports that disappointed, leaving the market essentially flat at midday. ECONOMIC NEWS: In the U.S., GDP growth rose only 0.7% in the first quarter, weaker than expected and only about one-third of the 2.1% clip in the fourth quarter. First quarter employment costs posted a 0.8% growth pace, firmer than expected. The Chicago PMI increased 0.6 points to 58.3 in April after rising 0.3 points to 57.7 in March. In Asia, Japan's core consumer price index, which includes oil products but excludes fresh food prices, rose 0.2% in March, the unemployment rate for March was 2.8%, industrial production fell 2.1% in March from the previous month, and retail sales climbed 2.1% from a year ago. COMPANY NEWS: Alphabet Class A shares have gained over 4% after the parent of Google reported better than expected quarterly earnings and revenue. The company saw higher ad sales, helped by mobile search and ongoing strength in YouTube... Also higher was Amazon.com, which advanced about 2% after the e-commerce giant reported stronger than expected first quarter results as its retail and cloud-computing sales rose for the quarter. Responding to the results, a large number of Wall Street research firms raised their price targets on the stock... Conversely, Microsoft was fractionally down near noon after the company reported lower than expected revenue, partially due to lighter volumes for its Surface products... Also lower was QUALCOMM (QCOM), which slipped about 1% following the announcement that the company is lowering its third quarter earnings per share view after being informed by Apple (AAPL) that the latter is withholding payments to its contract manufacturers for the royalties those contract manufacturers owe under their licenses with Qualcomm for sales... Meanwhile, Exxon Mobil (XOM) and Chevron (CVX) have gained about 0.5% each following stronger than expected quarterly earnings. MAJOR MOVERS: Among the notable gainers was Align Technology (ALGN), which advanced almost 15% after the maker of Invisalign braces issued a forecast above consensus estimates. Also higher was Western Digital (WDC), which gained about 3.5% after the company reported better than expected third quarter results and guidance. Additionally, Honeywell (HON) rose almost 2% following news that activist investor Dan Loeb's Third Point is pushing for the conglomerate to spin off its aerospace unit. Among the noteworthy losers was Time Inc. (TIME), which slid about 19% after announcing that it is pursuing "a number" of strategic initiatives and not pursuing a sale of the company. Also lower was Intel (INTC), which slipped over 4% following quarterly results. Additionally, GoPro (GPRO) dropped almost 7% as the company's sales jump 19% but not enough to curb losses. INDEXES: Near midday, the Dow was down 19.67, or 0.09%, to 20,961.66, the Nasdaq was up 1.04, or 0.02%, to 6,049.98, and the S&P 500 was down 2.90, or 0.12%, to 2,385.87.
MSFT
Apr 28, 2017 | 10:58 EDT
The shares of Amazon (AMZN) are climbing after the e-commerce giant reported stronger than expected first quarter results. A large number of Wall Street research firms have responded to the results by raising their price targets on the stock. However, breaking with the bullish pack, KeyBanc downgraded the shares this morning, citing competition concerns. RESULTS: Amazon reported first quarter earnings per share of $1.48, versus the consensus outlook of $1.13. Its revenue came in at $35.7B, versus the consensus estimate of $35.31B. The revenue of the company's cloud business jumped to $3.66B in Q1, up from $2.57B a year earlier. MANY TARGETS NOW OVER $1,000: RBC Capital analyst Mark Mahaney increased his price target on Amazon to $1,100 from $900, stating that the company's Q1 results were strong and its gross margin beat expectations. Mahaney noted that the company's two largest markets -- e-commerce and the cloud -- have only reached 10% penetration levels and he says that its competitive advantages are increasing. Noting that the company's retail revenue has increased by at least 20% for 19 straight quarter, the analyst says that its retail revenue growth "has never been more consistent." Furthermore, Amazon is generating "close to 50% EBITDA margins," noted Mahaney, who kept an Outperform rating on the shares. UBS analyst Eric Sheridan raised his price target on Amazon to $1,100 from $930, as he believes the company should have "continued topline and gross profit momentum" in the second half of 2017. Long-term investors should benefit from its victories in the e-commerce and cloud sectors, according to Sheridan, who kept a Buy rating on the stock. Meanwhile, Goldman Sachs analyst Heath Terry raised Amazon's price target to $1,250 from $1,100 and reiterated his Conviction Buy rating following Q1 results, saying revenue growth accelerated to 24% from 22% in Q4. Terry continues to believe the company is in the early stages of shift towards the cloud and the transition of traditional retail online and the market underestimates the long-term financial benefit of these growth drivers. DOWNGRADE: Against this enthusiastic backdrop on the Street, KeyBanc analyst Edward Yruma downgraded Amazon to Sector Weight from Overweight. The company's results were "impressive," but it is seeing intensifying competition from Wal-Mart (WMT) on the e-commerce front, Yruma believes. Moreover, after heavily investing in their cloud businesses, Microsoft (MSFT) and Google (GOOG, GOOGL) have reduced the gap between their international presence and that of Amazon, Yruma believes. Checks indicate that Microsoft's Azure unit is "starting to gain some momentum within large enterprises and government agencies" that are moving to the public cloud, according to Yruma. Consequently, the growth of Amazon's cloud business will probably decline to 40% in 2017 and below 40% in the second half of the year, warned Yruma, Despite the downgrade, the analyst remains "constructive" on the company's longer term outlook and recommends that investors look for a more attractive entry point in the name. PRICE ACTION: In morning trading, Amazon rose 2.3% to $939.63 per share. Earlier in the session, the stock hit a 52-week high of $949.59.
MSFT
Apr 28, 2017 | 08:55 EDT
Oppenheimer analyst Timothy Horan notes that Microsoft posted a "strong Q3" with Productivity/Cloud outperformance offset by weaker Personal Computing revenue. The analyst believes the company has proven it can execute on its unique mobile hybrid cloud strategy, and believes new product introductions and increased intelligent functionality throughout its cloud software portfolio will lead to accelerating growth with expanding margins. He reiterates an Outperform rating and $75 price target on the shares.
MSFT
Apr 28, 2017 | 08:09 EDT
Credit Suisse analyst Michael Nemeroff notes that the important growth drivers at Microsoft all "outperformed handily" in Q3. The analyst reiterates an Outperform rating and $80 price target on the shares, citing his expectations for significant earnings power over the next few years, at least, due to strong commercial cloud growth and higher cloud gross margins driven by a healthy mix of SaaS, PaaS, and IaaS with a higher attach of premium services and increased economies of scale.
MSFT
Apr 28, 2017 | 07:44 EDT
Cowen analyst Gregg Moskowitz raised his price target on Microsoft to $74 from $70 following Q3 results he viewed as good. The analyst said earnings were driven by overall strength in the commercial cloud while gross margins also showed meaningful upside. Moskowitz reiterated his Outperform rating on Microsoft shares.
MSFT
Apr 28, 2017 | 06:02 EDT
Piper Jaffray analyst Alex Zukin says Microsoft reported "another strong quarter" last night. The company remains on track to deliver accelerating gross profit growth through FY19 driven by cloud, Zukin tells investors in a post-earnings research note. He says Piper is an "aggressive buyer" of the shares on any pullback. The analyst reiterates an Overweight rating on Microsoft with an $80 price target.
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.