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AMZN

Amazon.com

$762.52

-4.25 (-0.55%)

, GOOG

Alphabet

$770.84

2.6 (0.34%)

07:13
11/30/16
11/30
07:13
11/30/16
07:13

Amazon cloud-computing business growth likely to continue, WSJ says

With Amazon (AMZN) depending on the growth and profitability of its cloud-computing business, known as AWS, the latest price cuts on several of its key services could make investors nervous given rising competition from Google (GOOG; GOOGL) and Microsoft (MSFT), according to The Wall Street Journal. The recent cuts are the most significant since reductions in 2014, as noted by Mark May of Citigroup, which had a notable impact on AWS, knocking the segment's adjusted operating margin from 23% to 8%, the publication said. However, the effect was short-lived and a similar bounceback is likely this time around as well, the report noted. Reference Link

AMZN

Amazon.com

$762.52

-4.25 (-0.55%)

GOOG

Alphabet

$770.84

2.6 (0.34%)

GOOGL

Alphabet Class A

$789.44

3.65 (0.46%)

MSFT

Microsoft

$61.09

0.48 (0.79%)

  • 30

    Nov

  • 01

    Dec

  • 15

    Jan

AMZN Amazon.com
$762.52

-4.25 (-0.55%)

11/28/16
OPCO
11/28/16
NO CHANGE
OPCO
Initial eCommerce data points show stable trends, says Oppenheimer
Oppenheimer analyst Jason Helfstein says initial eCommerce data points show stable trends ahead of Cyber-Monday, after Adobe (ADBE) and ComScore (SCOR) released online retail sales data for Thanksgiving and Black Friday. The analyst notes that Adobe recorded $5.3B in online spending during the two-day period, over 18% year over year, same as last year, but points out that the company does not measure Amazon (AMZN) sales, as data reflects sales from "Adobe Marketing Cloud" clients. On the other hand, Helfstein says comScore data showed "significant" acceleration, with spending over 18% year over year to $3.3B during the two-day period.
11/28/16
SBSH
11/28/16
NO CHANGE
Target $960
SBSH
Buy
Citi trims Amazon price target on lower AWS estimates
To reflect the reduced storage prices announced last week by Amazon Web Services, Citi analyst Mark May cut his AWS revenue and consolidated segment operating income for 2017 by 3% and 9%, respectively. The analyst, however, does not view the price reductions as an indication of competitive pressures or a threat to long-term margin outlook for AWS. May lowered his price target for Amazon.com shares to $960 from $965 and keeps a Buy rating on name. His new price target reflects 23% upside from current levels.
11/28/16
CLVD
11/28/16
NO CHANGE
CLVD
Amazon expanding lab distribution capabilities, says Cleveland Research
Cleveland Research said Amazon.com (AMZN) has been expanding its capabilities towards larger customers and can now offer purchase orders adn volume based specific pricing, causing larger customers to reevaluate Amazon as a possible distributor for both Lab and non-Lab purchases. The firm believes Stanford University has recently decided not to renew its Thermo Labs (TMO) primary lab distribution contract and the scool will start using both Amazon and Thermo for its lab product needs.
11/29/16
LBOW
11/29/16
NO CHANGE
LBOW
Fitbit 'dominated' best seller lists on Black Friday, says Longbow
Longbow analyst Joe Wittine says that Fitbit (FIT) "dominated" best-seller lists on Black Friday, propelled by steep discounts at Amazon (AMZN) and Target (TGT). However, the analyst adds that Internet searches for Fitbit on Black Friday dropped 11% versus Black Friday 2015. He keeps a Neutral rating on the stock.
GOOG Alphabet
$770.84

2.6 (0.34%)

11/23/16
OPCO
11/23/16
NO CHANGE
OPCO
Facebook, Amazon.com most attractive on post-election pullback, says Oppenheimer
Oppenheimer analyst Jason Helfstein notes that there has been a rotation into industrial and financial stocks post-election, at the expense of multinational technology stocks. However, he sees some potential positive catalysts for "FANG" names, namely Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google (GOOG; GOOGL), with the first two looking the most attractive at current levels. The analyst points out that Facebook's potential positive catalysts include faster than expected ad monetization driven by "Video First" strategy, Instagram engagement and Dynamic Product Ads. As for Amazon, he expects stable consumer spending to support a strong holiday shopping season.
11/18/16
OPCO
11/18/16
NO CHANGE
OPCO
Public cloud infrastructure market will be $62B by 2020, says Oppenheimer
Oppenheimer analyst Timothy Horan says "the race is on" for public cloud providers to get as much of their customers' data on their respective cloud platforms as possible. The analyst believes Amazon (AMZN) Web Services, Microsoft (MSFT), and Alphabet's Google (GOOG; GOOGL) have ambitions to become the dominant OS of the cloud, and to do so these companies will aim to have integrated solutions from the infrastructure layer to services through first-party offerings and/or the development of a strong partner channel. He views AWS as the primary wholesale cloud platform and Microsoft as the enterprise platform. However, given the relative immaturity of the market and the massive $1T opportunity, all three have been successful focusing on multiple segments, Horan adds, noting that he expects the public cloud infrastructure market to be $62B by 2020.
11/17/16
PIPR
11/17/16
NO CHANGE
PIPR
Piper sees Trump-related Internet selloff as 'rare opportunity'
Piper Jaffray analyst Gene Munster says he would be "buying the fear" priced into Internet mega-caps. Concerns of President-Elect Trump's impact on tech companies are being largely extrapolated from sound bites that are unlikely to manifest during Trump's presidency, Munster tells investors in a research note. The selloff in "best-in-class" large cap internet stocks Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOG), Facebook (FB) and Netflix (NFLX) presents a "rare opportunity," Munster writes. He believes Trump's threats towards Amazon are without merit and that net neutrality is unlikely to be reversed. He finds the valuations for each of the mega-caps "very attractive."
11/11/16
LOOP
11/11/16
NO CHANGE
LOOP
Loop Capital sees U.S.-centric internet names outperforming in near-term
Following the election of Donald Trump as President and the Republican sweep in D.C., large cap internet names, those with more international revenues, and China-based companies have been underperforming, noted Loop Capital analyst Blake Harper. Larger caps, such as Alphabet (GOOG), Amazon (AMZN) and Facebook (FB), could continue to see more pressure given the potential for more restrictive trade and antitrust policies, while internet companies the large majority of their revenues from the U.S. and a narrower market focus - such as Angie's List (ANGI), Care.com (CRCM), GrubHub (GRUB), Quotient (QUOT), Bankrate (RATE), LendingTree (TREE), TrueCar (TRUE) and Yelp (YELP) - should outperform in the near-term, contends Harper.
GOOGL Alphabet Class A
$789.44

3.65 (0.46%)

11/10/16
STFL
11/10/16
UPGRADE
Target $1900
STFL
Buy
Stifel calls Priceline a dominant franchise, upgrades to Buy
Stifel analyst Scott Devitt last night upgraded Priceline (PCLN) to Buy from Hold and upped his price target for the shares to $1,900 from $1,650. The company, given its recent growth execution and ability to "navigate competitive and macro headwinds," fits alongside other dominant internet franchises such as Amazon (AMZN), Google (GOOG, GOOGL), Facebook (FB) and Alibaba BABA), Devitt tells investors in a research note.
MSFT Microsoft
$61.09

0.48 (0.79%)

11/15/16
OPCO
11/15/16
NO CHANGE
Target $55
OPCO
Outperform
Oppenheimer remains bullish on Tableau after survey
After surveying 40 customers at Tableau's (DATA) recent user conference, Oppenheimer analyst Ittai Kidron came away encouraged as the results suggest a committed customer base that has a clear positive spending bias with the company over the next 12 months. Further, the analyst notes that user comments were positive on Tableau's current product portfolio, and there was excitement over the new capabilities coming in 2017. While there is some push-back on price and Microsoft is (MSFT) a growing competitive threat, Kidron does not sense the concerns put Tableau at risk of material displacement. He reiterates an Outperform rating and $55 price target on the shares.
11/17/16
GSCO
11/17/16
UPGRADE
Target $68
GSCO
Buy
Microsoft upgraded to Buy from Neutral at Goldman
Goldman Sachs analyst Heather Bellini upgraded Microsoft to Buy from Neutral and raised her price target for the shares to $68 from $60. The software giant closed yesterday up 78c to $59.65. Azure is the number two market share vendor in the cloud space, and has grown 100% or more year-over-year eight of the last 10 quarters, Bellini tells investors in a research note on the public cloud space. She believes Azure can continue to grow revenue and improve margins over time given Microsoft's large customer base and "strong" C-level relationships. The analyst sees upside potential to out-year earnings forecasts for the company.
11/17/16
11/17/16
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. Microsoft (MSFT) upgraded to Buy from Neutral at Goldman with analyst Heather Bellini saying Azure is the number two market share vendor in the cloud space, and has grown 100% or more year-over-year eight of the last 10 quarters. 2. Time Warner (TWX) upgraded to Buy from Sell at MoffettNathanson. 3. First Solar (FSLR) upgraded at JMP Securities with analyst Joseph Osha citing valuation. 4. KBR (KBR) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Anna Kaminskaya saying she expects structurally higher defense spending to drive a re-rating in KBR and sees less risk of cost overruns in the E&C business given lower reliance on fixed priced contracts and diversification into smaller sized service projects. 5. Liberty Interactive (QVCA) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Heather Balsky saying she has increased confidence in a return to positive US sales growth and expects multiple expansion as sales improve. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

, HD

Home Depot

$199.82

3.51 (1.79%)

08:39
01/18/18
01/18
08:39
01/18/18
08:39
Recommendations
Amazon.com, Home Depot, Williams-Sonoma analyst commentary  »

Amazon not slowing down…

AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

HD

Home Depot

$199.82

3.51 (1.79%)

WSM

Williams-Sonoma

$54.39

0.54 (1.00%)

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AZRX

AzurRx BioPharma

$3.50

0.02 (0.57%)

08:38
01/18/18
01/18
08:38
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08:38
Hot Stocks
AzurRx receives required approvals to add French site to MS1819-SD study »

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CLBS

Caladrius

$4.19

0.03 (0.72%)

08:36
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08:36
Hot Stocks
Caladrius completes enrollment of Phase 2 T-Rex Study »

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UBS

UBS

$19.48

0.06 (0.31%)

08:35
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Technical Analysis
Technical Take: UBS hits new 52-week high, analyst action »

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MGA

Magna

$59.67

1.63 (2.81%)

08:35
01/18/18
01/18
08:35
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08:35
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NBRV

Nabriva Therapeutics

$6.39

0.39 (6.50%)

08:35
01/18/18
01/18
08:35
01/18/18
08:35
Initiation
Nabriva Therapeutics initiated  »

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FAT

Fat Brands

$9.04

-0.53 (-5.54%)

08:35
01/18/18
01/18
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08:35
Hot Stocks
Fat Brands announces international development deal with FB Scotland »

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  • 29

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OAKS

Five Oaks

$3.04

-0.04 (-1.30%)

08:34
01/18/18
01/18
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08:34
Hot Stocks
Hunt acquires approximately 9.5% of Five Oaks common stock at $4.77 per share »

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GILD

Gilead

$81.74

1.49 (1.86%)

, PFE

Pfizer

$37.18

0.58 (1.58%)

08:33
01/18/18
01/18
08:33
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08:33
Hot Stocks
Kite, Pfizer to collaborate to evaluate combination of Yescarta, utomilumab »

Kite, a Gilead Company…

GILD

Gilead

$81.74

1.49 (1.86%)

PFE

Pfizer

$37.18

0.58 (1.58%)

03/08/13
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  • 06

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08:32
01/18/18
01/18
08:32
01/18/18
08:32
General news
Jobless Claims data reported »

Week of 1/13 Jobless…

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

08:32
01/18/18
01/18
08:32
01/18/18
08:32
Recommendations
Electro Scientific analyst commentary  »

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  • 18

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08:32
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01/18
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08:32
General news
Philadelphia Fed Business Outlook Survey General Conditions Index data reported »

January Philadelphia Fed…

08:32
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Conference/Events
Morgan Stanley healthcare analysts hold an analyst/industry conference call »

Healthcare Analyst…

CAA

CalAtlantic

$63.26

1.77 (2.88%)

08:32
01/18/18
01/18
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08:32
Hot Stocks
CalAtlantic acquires Utah-based Candlelight Homes »

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RIOT

Riot Blockchain

$17.76

-0.52 (-2.84%)

08:32
01/18/18
01/18
08:32
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Hot Stocks
Riot Blockchain submits bidder registration for U.S. Marshals auction of bitcoin »

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  • 01

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HEI

Heico

$96.89

0.47 (0.49%)

, HEI.A

HEICO

$79.40

-0.05 (-0.06%)

08:31
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08:31
Hot Stocks
Heico share prices adjusted for stock split »

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HEI

Heico

$96.89

0.47 (0.49%)

HEI.A

HEICO

$79.40

-0.05 (-0.06%)

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UQM

UQM Technologies

$1.42

0.01 (0.71%)

08:31
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UQM Technologies receives $1.2M explosion-proof E-drive system order from KESHI »

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HBM

Hudbay Minerals

$10.05

0.1 (1.01%)

08:30
01/18/18
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CVX

Chevron

08:30
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01/18
08:30
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Downgrade
Chevron rating change  »

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  • 02

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SLB

Schlumberger

$77.21

0.04 (0.05%)

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  • 19

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IXYS

IXYS

08:30
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Options
Two option delistings on January 18th »

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General news
U.S. Philladephia Fed index preview: »

U.S. Philladephia Fed…

HCC

Warrior Met Coal

$27.86

0.47 (1.72%)

08:26
01/18/18
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08:26
Hot Stocks
Warrior Met Coal upgraded to B by S&P Global Ratings »

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  • 14

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ARGS

Argos Therapeutics

$0.16

0.0214 (15.30%)

08:26
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08:26
Hot Stocks
Argos Therapeutics announces one-for-twenty reverse stock split »

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VSLR

Vivint Solar

08:25
01/18/18
01/18
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Vivint Solar rating change  »

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