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Fly News Breaks for December 3, 2019
GOOGL, T, CMCSA, AAPL, DIS, ROKU
Dec 3, 2019 | 07:06 EDT
Needham analyst Laura Martin raised her price target on Roku to $200 and kept her Buy rating, saying the company's promising aggregation platform economics in 2019 will be followed with accelerated subscription SVOD revenues in 2020. The analyst sees Roku as a "key beneficiary" with an installed base of 32M connected-TV homes in the U.S. as Disney+, Apple+, Peacock, and HBOMax streaming services accelerate customer acquisition spending. Martin adds that the company should be valued as an "internet aggregator" comparable to YouTube in the video space.
News For ROKU;DIS;AAPL;CMCSA;T;GOOGL From the Last 2 Days
AAPL, GOOGL
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
DIS, AAPL
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
DIS
Mar 27, 2024 | 11:36 EDT
NetEase (NTES) unveiled a new team-based shooter "Marvel Rivals," a multiplayer game based on Marvel Comics' (DIS) superhero characters. The game is being developed for PC, with an alpha test for the game set to launch in May 2024. Reference Link
DIS
Mar 27, 2024 | 08:09 EDT
The Trian Group, which beneficially owns over $3.5 billion of common stock in The Walt Disney Company, announced that Egan-Jones is the second independent proxy advisory firm, along with Institutional Shareholder Services, to recommend that shareholders vote for change in the composition of the Disney board. Specifically, Egan-Jones recommends that Disney shareholders vote "FOR" both of Trian's nominees, Nelson Peltz and Jay Rasulo, and "WITHHOLD" on Maria Elena Lagomasino and Michael B.G. Froman in connection with Disney's annual meeting on April 3, 2024. Last week, ISS recommended that shareholders vote "FOR" Mr. Peltz and "WITHHOLD" on Ms. Lagomasino. Egan-Jones concluded: "We see very little downside and a lot of upsides in putting the Trian Nominees on the Board." Among the reasons Egan-Jones cited for the need for change at Disney were: "The apparent lack of a ... long-term succession plan." "A Board that appears cutoff and unwilling to engage with investors and the broader market." "A business model, we believe to be built for the last decade, but not forward looking and flexible enough to ensure success in the next." "A desire to protect the status quo for as long as possible and at all costs." "Mediocre financial performance and the resultant lower valuation." Similarly, ISS concluded that "incremental change is needed at the company due to multi-year underperformance the company's peers and chosen benchmark, operational challenges, and most critically, a repeated failure on the part of the board to oversee the cultivation of a successor..." In supporting the election of Mr. Peltz and the withholding of support for Ms. Lagomasino, ISS wrote that: Nelson Peltz is "well positioned to provide the catalyst that this board apparently needs to improve its effectiveness."
AAPL
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
GOOGL
Mar 26, 2024 | 13:46 EDT
Shares of Reddit (RDDT) jumped again in Tuesday trading as they extended their run following the launch of options on the stock the day before. Of note, the... To see the rest of the story go to thefly.com. See Story Here
DIS, AAPL
Mar 26, 2024 | 12:26 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here
AAPL
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here