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AAPL

Apple

$152.54

2.29 (1.52%)

, TCEHY

Tencent

$34.07

0.7 (2.10%)

19:24
05/18/17
05/18
19:24
05/18/17
19:24

Apple takes cut of Chinese app 'tipping,' WSJ says

Last month, Apple (AAPL) told several social networking apps in China, including Tencent's (TCEHY) WeChat, to disable their "tipping" functionality to comply with App Store policy, the Wall Street Journal reported, citing executives at the social networking companies. Such tips will now be categorized as in-app purchases, allowing Apple a 30% cut of the transaction, the report says. The Journal argues that the move "risks alienating powerful Chinese companies, turning off Chinese iPhone users and drawing unnecessary attention from the regulators," with one anonymous Chinese executive telling the publication that "Apple gets 30% for doing nothing." One executive told the Journal that his company is talking to the country's Ministry of Industry and Information Technology about the change. Reference Link

AAPL

Apple

$152.54

2.29 (1.52%)

TCEHY

Tencent

$34.07

0.7 (2.10%)

  • 01

    Jun

AAPL Apple
$152.54

2.29 (1.52%)

05/17/17
UBSW
05/17/17
NO CHANGE
Target $165
UBSW
Buy
Apple shares could reach $200 longer term, says UBS
UBS analyst Steven Milunovich believes Apple's uniqueness might justify a higher multiple as it is a premium brand in tech design rather than retail. The analyst feels the stock has a potential of $200 per share longer-term if the company can grow post iPhone 8. Milunovich reiterated his Buy rating and maintained his $165 price target on Apple shares.
05/17/17
MSCO
05/17/17
NO CHANGE
Target $177
MSCO
Overweight
Apple target raised to $177 at Morgan Stanley after survey shows rising loyalty
Morgan Stanley analyst Katy Huberty reported that the firm's recent survey of 1,000 U.S. consumers shows a rising iPhone retention rate, with 92% of iPhone owners who see upgrading their phone in the next 12 months saying they plan to stick to an iPhone, up from the 86% retention rate in last year's survey. Apple's (AAPL) 92% loyalty rate "dwarfs" that of all other vendors, with its biggest competitor, Samsung (SSNLF), seeing a 77% retention rate, she noted. Huberty, who sees Apple being positioned to gain increasing U.S. smartphone share, raised her price target on Apple to $177 from $161 and keeps an Overweight rating on the stock.
05/16/17
ADAM
05/16/17
NO CHANGE
Target $180
ADAM
Buy
Apple price target raised to $180 from $165 at Canaccord
Canccord analyst T. Michael Walkley raised his price target on Apple to $180 from $165 in anticipation of strong demand expected for new iPhone products launching in September. The analyst increased his 2018 iPhone estimates as he believes consumers have started to delay iPhone purchases ahead of the anticipated new devices. Walkley reiterated his Buy rating on Apple shares.
05/15/17
MSCO
05/15/17
DOWNGRADE
Target $305
MSCO
Equal Weight
Tesla downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Adam Jonas downgraded Tesla (TSLA) to Equal Weight with an unchanged price target of $305. The electric carmaker closed Friday up $1.71 to $324.81. The bull thesis on Tesla centers around the company becoming the next Amazon (AMZN) or Apple (AAPL), Jonas tells investors in a research note. The analyst, however, questions if the risks of taking on the tech giants is sufficiently discounted in the share price. He expects "much larger and more well capitalized" competitors to unveil strategies that directly address sustainable transport and mobility. Regarding the numbers, Jonas now expects Tesla to remain loss-making on a U.S. GAAP basis until late 2019. His also expects the company to burn $3.1B of cash in 2017, greater than his previous estimate of $2.3B. Further, the analyst believes expectations for the Model 3 launch "appear to have recovered substantially" over the last four months.
TCEHY Tencent
$34.07

0.7 (2.10%)

05/18/17
RHCO
05/18/17
NO CHANGE
RHCO
Pandora could be acquired for $12 per share, says SunTrust
After The New York Post reported that merger talks between Pandora (P) and Sirius XM (SIRI) have resumed, SunTrust analyst Matthew Thornton says that Pandora can be acquired for a per share price of "$9+-$12+." He thinks that other suitors besides Sirius could include Tencent (TCEHY), Spotify, and Google (GOOG,GOOGL) However, the analyst adds that Pandora's new features have not impacted the company's fundamentals significantly, while the launch of its new products has been delayed. He cut his price target on the shares to $10.50 from $16 but kept a Buy rating on the stock.
04/18/17
BNCH
04/18/17
INITIATION
BNCH
Buy
Tencent initiated with a Buy at Benchmark
Benchmark analyst Fawne Jiang initiated Tencent with a Buy rating and HK$285 price target.
04/18/17
BNCH
04/18/17
INITIATION
Target $140
BNCH
Benchmark initates China internet sector with positive bias
Benchmark analyst Fawne Jiang initiated coverage of China's internet sector, on which she is positive given her expectation for continued solid growth. Within the space, Tencent (TCEHY) and Alibaba (BABA) are her top platform picks; Weibo (WB) is her top social media play; Ctrip.com (CTRP) and China Lodging (HTHT) are her travel preferences; and TAL Education (TAL) and New Oriental Education (EDU) are her China education plays.
03/28/17
LEHM
03/28/17
INITIATION
Target $34
LEHM
Overweight
Tencent initiated with an Overweight at Barclays
Barclays analyst Gregory Zhao initiated Tencent with an Overweight and a $34 price target.

TODAY'S FREE FLY STORIES

AZO

AutoZone

$659.49

-14.16 (-2.10%)

, MOMO

Momo

$42.83

-0.75 (-1.72%)

20:25
05/22/17
05/22
20:25
05/22/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

AZO

AutoZone

$659.49

-14.16 (-2.10%)

MOMO

Momo

$42.83

-0.75 (-1.72%)

TTWO

Take-Two

$69.04

1.46 (2.16%)

TOL

Toll Brothers

$38.03

0.19 (0.50%)

CBRL

Cracker Barrel

$161.41

2.41 (1.52%)

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TWX

Time Warner

$97.90

0.27 (0.28%)

, DIS

Disney

$107.63

0.11 (0.10%)

20:07
05/22/17
05/22
20:07
05/22/17
20:07
Periodicals
Zack Snyder steps away from 'Justice League,' Hollywood Reporter says »

Zack Snyder, director of…

TWX

Time Warner

$97.90

0.27 (0.28%)

DIS

Disney

$107.63

0.11 (0.10%)

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    Jun

OMN

Omnova Solutions

$8.90

0.15 (1.71%)

19:54
05/22/17
05/22
19:54
05/22/17
19:54
Conference/Events
Omnova Solutions management to meet with Jefferies »

Meeting to be held in the…

03/08/13
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  • 24

    May

19:52
05/22/17
05/22
19:52
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19:52
General news
Breaking General news story  »

U.K. police says…

UHAL

Amerco

$384.37

5.63 (1.49%)

19:40
05/22/17
05/22
19:40
05/22/17
19:40
Hot Stocks
U-Haul acquires portable storage containers of Door To Door »

Amerco's U-Haul…

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  • 25

    May

AAPL

Apple

$153.99

0.93 (0.61%)

19:34
05/22/17
05/22
19:34
05/22/17
19:34
Periodicals
Apple launches new Android 'switching' site, ads, AppleInsider says »

Apple has launched an…

03/08/13
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  • 01

    Jun

AMZN

Amazon.com

$970.67

10.83 (1.13%)

19:34
05/22/17
05/22
19:34
05/22/17
19:34
Periodicals
Amazon plans to offer live TV channels in Europe, FT reports »

Amazon plans to offer…

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  • 23

    May

TWTR

Twitter

$18.43

0.08 (0.44%)

19:30
05/22/17
05/22
19:30
05/22/17
19:30
Hot Stocks
Twitter hires Todd Swidler as global head of live business »

Twitter COO and CFO…

03/08/13
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03/08/13
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03/06/13
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  • 22

    May

  • 24

    May

TKPYY

Takeda Pharmaceutical Co. Ltd.

$25.87

0.025 (0.10%)

19:29
05/22/17
05/22
19:29
05/22/17
19:29
Conference/Events
Takeda Pharmaceutical Co. Ltd. management to meet with JPMorgan »

Meeting to be held in…

03/08/13
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  • 25

    May

GE

General Electric

$28.18

0.13 (0.46%)

19:27
05/22/17
05/22
19:27
05/22/17
19:27
Periodicals
EU examines potential misleading information in GE merger review, Bloomberg says »

The European Commission…

03/08/13
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  • 22

    May

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    May

  • 22

    Jun

  • 02

    Oct

GOOG

Alphabet

$941.86

7.85 (0.84%)

, GOOGL

Alphabet Class A

$964.07

9.42 (0.99%)

19:20
05/22/17
05/22
19:20
05/22/17
19:20
Periodicals
Alphabet's Nest working on 4K home security camera, AndroidPolice says »

Alphabet's Nest is…

GOOG

Alphabet

$941.86

7.85 (0.84%)

GOOGL

Alphabet Class A

$964.07

9.42 (0.99%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    May

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    May

  • 24

    May

CRM

Salesforce

$88.94

1.54 (1.76%)

19:19
05/22/17
05/22
19:19
05/22/17
19:19
Conference/Events
Salesforce management to meet with JPMorgan »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 22

    May

  • 25

    May

  • 08

    Jun

19:15
05/22/17
05/22
19:15
05/22/17
19:15
General news
Breaking General news story  »

Federal Reserve Governor…

GE

General Electric

$28.18

0.13 (0.46%)

19:13
05/22/17
05/22
19:13
05/22/17
19:13
Periodicals
Aerion in talks with GE to power faster jets, Bloomberg reports »

Aerion Corporation is in…

03/08/13
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03/06/13
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  • 22

    May

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    May

  • 22

    Jun

  • 02

    Oct

BTU

Peabody Energy

$23.29

-0.01 (-0.04%)

19:13
05/22/17
05/22
19:13
05/22/17
19:13
Conference/Events
Peabody Energy management to meet with JPMorgan »

Meetings to be held in…

03/08/13
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  • 25

    May

  • 26

    May

AAPL

Apple

$153.99

0.93 (0.61%)

19:09
05/22/17
05/22
19:09
05/22/17
19:09
Periodicals
Apple Music trial implements small fee in some countries, AppleInsider says »

Apple has started…

03/08/13
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03/06/13
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  • 01

    Jun

TTWO

Take-Two

$69.04

1.46 (2.16%)

19:09
05/22/17
05/22
19:09
05/22/17
19:09
Recommendations
Take-Two analyst commentary at Piper Jaffray »

Take-Two delay of Red…

03/08/13
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  • 23

    May

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    May

BA

Boeing

$183.67

2.91 (1.61%)

, BDRBF

Bombardier

$1.57

0.0197 (1.27%)

19:06
05/22/17
05/22
19:06
05/22/17
19:06
Periodicals
Boeing fight against Bombardier driven by missteps with Airbus, Reuters says »

Boeing's (BA) recent…

BA

Boeing

$183.67

2.91 (1.61%)

BDRBF

Bombardier

$1.57

0.0197 (1.27%)

EADSY

Airbus

$20.38

-0.23 (-1.12%)

03/08/13
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  • 31

    May

MTSC

MTS Systems

$53.80

0.45 (0.84%)

19:05
05/22/17
05/22
19:05
05/22/17
19:05
Conference/Events
MTS Systems management to meet with JPMorgan »

Meeting to be held in…

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  • 25

    May

  • 01

    Jun

HP

Helmerich & Payne

$59.88

-0.16 (-0.27%)

, HAL

Halliburton

$47.12

-0.66 (-1.38%)

19:04
05/22/17
05/22
19:04
05/22/17
19:04
Downgrade
Helmerich & Payne, Halliburton, ProPetro Holding, U.S. Silica rating change at Goldman Sachs »

Helmerich & Payne…

HP

Helmerich & Payne

$59.88

-0.16 (-0.27%)

HAL

Halliburton

$47.12

-0.66 (-1.38%)

PUMP

ProPetro Holding

$13.59

-0.14 (-1.02%)

SLCA

U.S. Silica

$38.77

-1.65 (-4.08%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    May

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    Jul

INVH

Invitation Homes

$21.67

-0.11 (-0.51%)

19:00
05/22/17
05/22
19:00
05/22/17
19:00
Conference/Events
Invitation Homes management to meet with JPMorgan »

Meeting to be held in…

03/08/13
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  • 25

    May

ATW

Atwood Oceanics

$8.73

0.03 (0.34%)

18:59
05/22/17
05/22
18:59
05/22/17
18:59
Upgrade
Atwood Oceanics rating change at Goldman Sachs »

Atwood Oceanics upgraded…

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03/06/13
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TSLA

Tesla

$310.35

-0.48 (-0.15%)

18:56
05/22/17
05/22
18:56
05/22/17
18:56
Periodicals
Tesla confirms less than 100 configurations for Model 3, Electrek says »

Tesla confirmed today…

03/08/13
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03/06/13
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  • 30

    May

  • 02

    Oct

EXPGY

Experian

$21.43

0.125 (0.59%)

18:56
05/22/17
05/22
18:56
05/22/17
18:56
Conference/Events
Experian management to meet with JPMorgan »

Meetings to be held in…

03/08/13
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03/06/13
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  • 24

    May

  • 25

    May

18:55
05/22/17
05/22
18:55
05/22/17
18:55
Conference/Events
Federal Reserve Governor delivers dinner keynote speech »

Federal Reserve Governor…

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