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VZ

Verizon

$51.42

-0.4565 (-0.88%)

, GOOG

Alphabet

$772.56

-4.73 (-0.61%)

13:02
10/04/16
10/04
13:02
10/04/16
13:02

Verizon exclusive U.S. wireless provider of Google's Pixel, Pixel XL

Verizon (VZ) announced it is the exclusive U.S. wireless provider of Pixel and Pixel XL, a pair of innovative new smartphones made by Google (GOOG) that take full advantage of Verizon's 4G LTE network, available to more than 314M people across 2.31M square miles. And now, with LTE Advanced, Verizon customers with capable devices can experience 50% faster peak wireless data speeds in more than 450 cities from coast to coast. Pixel and Pixel XL are available for preorder on Verizon today and available in stores and online on October 20.

VZ

Verizon

$51.42

-0.4565 (-0.88%)

GOOG

Alphabet

$772.56

-4.73 (-0.61%)

GOOGL

Alphabet Class A

$800.38

-3.68 (-0.46%)

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VZ Verizon
$51.42

-0.4565 (-0.88%)

09/06/16
RHCO
09/06/16
NO CHANGE
Target $18
RHCO
Neutral
SunTrust sees 'limited' list of Twitter suitors, says activist action unlikely
SunTrust analyst Robert Peck reiterated his belief that Twitter (TWTR) is unlikely to sell itself in 2016 in a new note to investors, but noted that investors have asked him who would be interested if Twitter were open to a sale. While giving his opinion on potential acquirers - which he sees possibly including Google (GOOG), Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), AT&T (T), Verizon (VZ), Disney (DIS), Fox (FOXA), and Alibaba (BABA) - Peck said the company's high price and "unique" asset limit the potential buyers and gave his view that a PE buyer is highly unlikely given the company's lack of free cash flow. Additionally, Peck thinks activist action at Twitter seems "extremely unlikely" despite "unsubstantiated investor conjecture" and media reports. The analyst keeps Neutral rating and $18 price target on Twitter shares.
09/19/16
WELS
09/19/16
NO CHANGE
WELS
Concerns about Frontier Communications leverage overdone, says Wells Fargo
Wells Fargo says that some investors have expressed concern about Frontier's leverage ratio. Specifically, the firm says there are some worries that if Frontier has difficulty integrating the Verizon (VZ) assets it purchased, it may trigger bank covenants. However, Wells says that Frontier's synergy realization and subscription outlook have improved since Q2. Wells adds that the company's dividend is "very secure neat-term," and it keeps an Outperform rating on the shares.
09/23/16
RHCO
09/23/16
NO CHANGE
RHCO
Yahoo hack is probably not a material adverse change, says SunTrust
After Yahoo (YHOO) reported that over 500M of its accounts had been hacked, SunTrust analyst Robert Peck thinks that the news is probably not a material adverse change, or MAC, that would jeopardize the company's acquisition by Verizon (VZ). He notes that the sales contract says that a MAC will not be triggered by "any failure by Yahoo to meet its internal or published projections, budgets, plans, or forecasts of its revenues, earnings, or other financial performance or results of operations." The analyst says that the hack "may be manageable," since a majority of the victims could be e-mail users who are sticky. He keeps a Neutral rating on Yahoo.
09/23/16
BOFA
09/23/16
NO CHANGE
Target $55
BOFA
Buy
BofA thinks Verizon deal stays on track despite Yahoo data breach
Bank of America Merrill Lynch analyst Justin Post said that Yahoo's (YHOO) disclosure of the massive data breach impacting over 500M of its users is clearly a negative for the company that could result in email account closures, but he does not anticipate a major impact on Yahoo's business related to this breach, citing as evidence the fact that he is not aware of any significant business impairment or financial liability related to security breaches at LinkedIn (LNKD) in 2012 and at eBay (EBAY) in 2014. Post adds that the Target (TGT) data breach, which did include credit card info, is not directly comparable to Yahoo's breach. For Verizon (VZ) to back out of its acquisition agreement, Post thinks the company would need to assume Yahoo acted in bad faith during negotiations and that the Yahoo asset is impaired or comes with significant liability, neither of which he sees as being the case. The analyst keeps a Buy rating on Yahoo and bumped his target on the shares to $55 from $53, citing an increased price target on Alibaba (BABA) that a peer at the firm recently set.
GOOG Alphabet
$772.56

-4.73 (-0.61%)

09/27/16
WEDB
09/27/16
DOWNGRADE
WEDB
Underperform
Alphabet downgraded to Underperform from Neutral at Wedbush
09/27/16
WEDB
09/27/16
DOWNGRADE
WEDB
Underperform
Alphabet downgraded to Underperform from Neutral at Wedbush
Wedbush analyst James Dix downgraded Alphabet to Underperform and lowered his price target on shares to $700 on concerns the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive.
09/28/16
MZHO
09/28/16
DOWNGRADE
Target $15
MZHO
Underperform
Mizuho cuts Twitter to Underperform with $15 price target
Mizuho analyst Neil Doshi downgraded Twitter to Underperform from Neutral based on valuation. The shares are up 45% since the company reported Q2 results, primarily driven by potential buyout comments in media reports, Doshi tells investors in a research note. The stock at current levels is overvalued as Twitter's business fundamentals "have deteriorated significantly" over the past 12 months, the analyst contends. Doshi believes many of the M&A scenarios are unlikely to play out. He puts potential acquirers Salesforce (CRM) and Alphabet (GOOG, GOOGL) in the "maybe" camp, but he still has some reservations about these deals happening. The analyst believes investors of both companies would view a buyout of Twitter as negative. Doshi keeps a $15 price target for Twitter shares. The stock closed yesterday up 35c to $23.72. Loop Capital this morning also downgraded Twitter to Sell.
09/28/16
09/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOGL Alphabet Class A
$800.38

-3.68 (-0.46%)

09/30/16
RBCM
09/30/16
NO CHANGE
RBCM
Street underestimating Google growth outlook, says RBC Capital
RBC Capital analyst Mark Mahaney expects Google to end 2016 with "up to 20% growth," versus the Street's outlook of mid teen percentage level growth. Mahaney says that Google's growth should be boosted by "ongoing Search innovations, rising Mobile CPCs, and the growing impact of YouTube, Play & Cloud." He thinks that YouTube's revenue is growing at a 30%-40% clip. Mahaney raised his price target on the stock to $1,025 from $1,000 and keeps an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$18.86

0.82 (4.55%)

06:59
01/24/18
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Direxion Daily Jr Gld Mnrs Bull 3X Shrs: Pivot points »

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$20.92

-1.1 (-5.00%)

06:58
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Technical Analysis
Direxion Daily Gold Miners Bear 3X ETF: Pivot points »

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CEVA

Ceva

$48.35

0.05 (0.10%)

06:58
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01/24
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06:58
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Ceva rating change  »

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$46.38

-2.19 (-4.51%)

06:58
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Technical Analysis
Daily Junior Gold Miners Index Bear 3x Shares: Pivot points, pivot low broken »

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SGMS

Scientific Games

$54.85

-1 (-1.79%)

06:57
01/24/18
01/24
06:57
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06:57
Earnings
Scientific Games sees Q4 revenue $820M-$825M, consensus $802.58M »

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VXX

iPath S&P 500 VIX Short-Term Futures

$26.69

0.44 (1.68%)

06:57
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Technical Analysis
iPath S&P 500 VIX Short-Term Futures: Pivot points »

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WTFC

Wintrust Financial

$88.04

0.54 (0.62%)

06:57
01/24/18
01/24
06:57
01/24/18
06:57
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Wintrust Financial analyst commentary  »

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AMD

AMD

$12.94

0.29 (2.29%)

, MU

Micron

$43.95

1.07 (2.50%)

06:56
01/24/18
01/24
06:56
01/24/18
06:56
Periodicals
AMD taps former Nvidia, Synaptics execs for graphics chip division, VB reports »

Advanced Micro Devices…

AMD

AMD

$12.94

0.29 (2.29%)

MU

Micron

$43.95

1.07 (2.50%)

NVDA

Nvidia

$238.91

5.22 (2.23%)

SYNA

Synaptics

$44.90

-0.45 (-0.99%)

INTC

Intel

$46.06

0.31 (0.68%)

03/08/13
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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$141.82

-2.88 (-1.99%)

06:56
01/24/18
01/24
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Technical Analysis
VelocityShares Daily Inverse VIX Short-Term ETN: Pivot points »

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$5.05

0.17 (3.48%)

06:56
01/24/18
01/24
06:56
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Technical Analysis
VelocityShares Daily 2x VIX Short-Term ETN: Pivot points »

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IMMU

Immunomedics

$18.11

0.96 (5.60%)

06:56
01/24/18
01/24
06:56
01/24/18
06:56
Recommendations
Immunomedics analyst commentary  »

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SVXY

ProShares Short VIX Short-Term Futures

$133.48

-2.44 (-1.80%)

06:55
01/24/18
01/24
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points »

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USO

United States Oil Fund

$12.97

0.19 (1.49%)

06:55
01/24/18
01/24
06:55
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Technical Analysis
United States Oil Fund: Pivot points »

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XOP

SPDR Oil Exploration and Production Fund

$39.85

0.16 (0.40%)

06:54
01/24/18
01/24
06:54
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06:54
Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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CWST

Casella Waste

$24.26

0.09 (0.37%)

06:54
01/24/18
01/24
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06:54
Upgrade
Casella Waste rating change  »

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$20.44

-2.99 (-12.76%)

06:54
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UGAZ

VelocityShares 3x Long Natural Gas ETN

$89.75

10.55 (13.32%)

06:53
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EWZ

MSCI Brazil Index

$43.66

-0.97 (-2.17%)

06:52
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MSCI Brazil Index: Pivot points »

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EFA

iShares MSCI EAFE Index Fund

$74.75

0.24 (0.32%)

06:51
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USAP

Universal Stainless & Alloy

$22.85

0.44 (1.96%)

06:51
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06:51
Earnings
Universal Stainless & Alloy reports Q4 EPS $1.06 with items vs. (22c) a year ago »

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RES

RPC, Inc.

$25.13

-0.28 (-1.10%)

06:50
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Hot Stocks
RPC, Inc. raises quarterly dividend by 43% to 10c per share »

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BHGE

Baker Hughes

$35.82

0.27 (0.76%)

06:49
01/24/18
01/24
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06:49
Hot Stocks
Baker Hughes CEO: Continue to see improvement in activity »

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RES

RPC, Inc.

$25.13

-0.28 (-1.10%)

06:49
01/24/18
01/24
06:49
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06:49
Earnings
RPC, Inc. reports Q4 adjusted EPS 27c, consensus 34c »

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PBYI

Puma Biotechnology

$90.90

-3.05 (-3.25%)

06:49
01/24/18
01/24
06:49
01/24/18
06:49
Downgrade
Puma Biotechnology rating change  »

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JNK

SPDR Barclays High Yield Bond

$36.96

0.11 (0.30%)

06:49
01/24/18
01/24
06:49
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06:49
Technical Analysis
SPDR Barclays High Yield Bond: Pivot points »

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