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WFM

Bought by AMZN

$33.06

-2.39 (-6.74%)

, KR

Kroger

09:18
06/16/17
06/16
09:18
06/16/17
09:18

Technical View: Amazon.com trades higher on Whole Foods bid

The shares were last at $976.39 in pre-market trading. At that price next resistance is at the $980 area. Support is at $970.67.

WFM

Bought by AMZN

$33.06

-2.39 (-6.74%)

KR

Kroger

AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

  • 22

    Jun

WFM Bought by AMZN
$33.06

-2.39 (-6.74%)

05/09/17
RBCM
05/09/17
NO CHANGE
RBCM
Whole Foods Q2 comps, EPS likely to beat expectations, says RBC Capital
After conducting checks, RBC Capital analyst William Kirk says that Whole Foods' comp sales growth accelerated in Q2, while it has also benefited from easing produce deflation. The analyst expects the company's Q2 comp sales growth and EPS to beat expectations. Kirk thinks that any weakness following the results "will be bought" due to "activist pressure" on the company. He reiterates a $42 price target and an Outperform rating on the shares.
05/11/17
WELS
05/11/17
UPGRADE
Target $42
WELS
Outperform
Whole Foods upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Zachary Fadem upgraded Whole Foods Market to Outperform saying he now sees "multiple ways to win with limited share downside risk." The analyst sees promise in Whole Foods' new strategic plan and a "greater path to value creation" amid activist pressure. The company seems serious about improving results and shareholder value, Fadem tells investors in a research note. He raised his price target for Whole Foods shares to $42.
05/12/17
BMOC
05/12/17
NO CHANGE
BMOC
Whole Foods comp sales goals at risk, says BMO Capital
BMO Capital analyst Kelly Bania says that there is risk to Whole Foods' comp sales goals. The goals are partly based on data from affinity programs that were only tested in Philadelphia, Dallas, and four 365 stores, the analyst stated. Additionally, Bania views the company's EBITDA margin target goal as "aggressive." Bania keeps an Underperform rating on the stock.
05/15/17
LOOP
05/15/17
INITIATION
Target $35
LOOP
Hold
Whole Foods initiated with a Hold at Loop Capital
Loop Capital analyst Andrew Wolf started Whole Foods Market (WFM) with a Hold rating and $35 price target. Chains like Kroger (KR) and Costco (COST) are taking most of the growth in natural foods, which leaves few opportunities for natural foods retailers such as Whole Foods, Wolf tells investors in a research note. A takeout of the company in its current fundamental condition would like fetch $40 per share, the analyst adds.
KR Kroger

06/16/17
RBCM
06/16/17
NO CHANGE
RBCM
Kroger risk/reward 'favorable,' says RBC Capital
After Kroger lowered its fiscal 2017 EPS guidance. RBC Capital analyst William Kirk says that the company's increased investments in prices and labor are "alarming." However, the analyst notes that the company still had positive ID sales so far this quarter, and he thinks that it will benefit from the closure of a number of competing stores. He says that the stock's risk/reward ratio is positive, and he keeps an Outperform rating on the stock.
06/16/17
GUGG
06/16/17
NO CHANGE
GUGG
Performance Food added to Best Ideas List, Kroger removed at Guggenheim
06/16/17
WELS
06/16/17
NO CHANGE
WELS
Kroger price target lowered to $28 from $35 at Wells Fargo
Wells Fargo cut its price target on Kroger after the company lowered its fiscal 2017 EPS guidance. The firm says that the company's investments in prices was larger than expected amid tough competition. However, Wells believes that the company is taking the necessary steps to preserve its market share, and it believes that the stock can reward patient investors. It keeps an Outperform rating on the shares.
06/16/17
GSCO
06/16/17
DOWNGRADE
Target $26
GSCO
Neutral
Kroger downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Stephen Tanal downgraded Kroger to Neutral from Buy citing the high degree of uncertainty he sees for its earnings beyond this year given competitive disruption, which will increase with the growth of ALDI and Lidl in the U.S. Tanal cut his price target on Kroger to $26 from $33.
AMZN Amazon.com
$964.17

-12.3 (-1.26%)

06/15/17
NOMU
06/15/17
NO CHANGE
NOMU
Amazon.com price target raised to $1,100 from $975 at Nomura Instinet
Nomura Instinet analyst Anthony DiClemente says that Amazon's (AMZN) current valuation is "reasonable." The analyst says that, assuming the cloud business is worth $220B, based on a 2020 multiple similar to that given Microsoft (MSFT), while its Prime video business is worth $8B, or 12% of Netflix's (NFLX) current valuation, and its advertising business is worth $27B, or double his estimate of Snap's (SNAP) total valuation, the company's e-commerce business is only being valued at about $210B at current levels. Noting that Wal-Mart (WMT) is currently valued at $280B, the analyst says that Amazon's valuation "is not excessively strencthed." DiClemente raised his 2020 EV/EBITDA multiple for the cloud business to 14x from 13.5x, noting that SAP (SAP), Oracle (ORCL) and Microsoft (MSFT) all had higher multiples at similar points in their histories. The analyst raised his target multiple for Amazon's North America e-commerce business to 13x from 12x, which he says is in-line with Wal-Mart's mean multiple from 1992-2001. He raised his price target on Amazon to $1,100 from $975 and keeps a Buy rating on the stock.
06/16/17
FBRC
06/16/17
NO CHANGE
Target $111
FBRC
Outperform
Carter's positioned for multiple expansion, says FBR Capital
FBR Capital analyst Susan Anderson says shares of Carter's (CRI) have been pressured by concerns over exposure to department stores. The analyst, however, believes the department store weakness is more than offset with Amazon/Skip Hop growth. Further, the analyst thinks the company's Q2 is "trending significantly better" than Q1 based on "solid spendtrend data" for children's. She expects Carter's to see multiple expansion and keeps an Outperform rating on the shares with a $111 price target.
06/15/17
06/15/17
NO CHANGE

FANG fundamentals still strong but stocks may moderate, says Canaccord
Canaccord analyst Michael Graham noted the FANG stocks - Facebook (FB),Amazon (AMZN), Netflix (NFLX), and Google parent Alphabet (GOOG) - outpaced the S&P by a great deal and he feels even though fundamentals remain strong, the shares' momentum may begin to moderate. Graham believes most of the growth opportunities in tech remain with the FANG group but he believes valuations are quite reasonable. He downgraded Alphabet to Hold from Buy and believes that Amazon is the one to own long-term.
06/16/17
KEYB
06/16/17
NO CHANGE
KEYB
Microsoft to benefit from cloud expansion, says KeyBanc
KeyBanc says that spending on the cloud could triple to $239B within five years, and the firm says that Microsoft (MSFT) "has the most to gain," as it thinks that the company is poised to surpass Amazon (AMZN) to become the sector leader. KeyBanc keeps a $78 price target and an Overweight rating on Microsoft.

TODAY'S FREE FLY STORIES

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HPE

HP Enterprise

$13.79

0.16 (1.17%)

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Periodicals
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  • 07

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RP

RealPage

$39.35

-0.1 (-0.25%)

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HPE

HP Enterprise

$13.79

0.16 (1.17%)

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  • 07

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YUM

Yum! Brands

$76.48

0.11 (0.14%)

18:37
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18:37
Conference/Events
Yum! Brands management to meet with JPMorgan »

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  • 27

    Sep

MAR

Marriott

$107.57

-0.12 (-0.11%)

18:32
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09/21
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Conference/Events
Marriott management to meet with JPMorgan »

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  • 27

    Sep

ESPGY

Esprit Holdings

$1.21

0.018 (1.51%)

18:29
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Conference/Events
Esprit Holdings management to meet with JPMorgan »

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  • 27

    Sep

BA

Boeing

$256.04

0.58 (0.23%)

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  • 23

    Sep

M

Macy's

$21.16

-0.32 (-1.49%)

18:18
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18:18
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Conference/Events
Macy's management to meet with JPMorgan »

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  • 26

    Sep

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TAHO

Tahoe Resources

$5.60

0.02 (0.36%)

18:12
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09/21
18:12
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Tahoe Resources raises 2017 gold operations view to 400K-500K »

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ATKR

Atkore

$18.42

0.02 (0.11%)

18:11
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09/21
18:11
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Conference/Events
Atkore management to meet with JPMorgan »

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  • 26

    Sep

YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

, TXN

Texas Instruments

$86.05

0.22 (0.26%)

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TXN

Texas Instruments

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0.22 (0.26%)

PSDO

Presidio

$13.95

-0.06 (-0.43%)

VSAR

Versartis

$21.60

-0.25 (-1.14%)

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

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  • 21

    Sep

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    Sep

FTR

Frontier Communications

$11.69

-0.31 (-2.58%)

18:10
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Frontier Communications operations in Florida return to near-normal levels »

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PLYA

Playa Hotels & Resorts

$10.66

-0.06 (-0.56%)

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Playa Hotels & Resorts reports no significant damage from Maria »

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  • 08

    Nov

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

, VSAR

Versartis

$21.60

-0.25 (-1.14%)

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CE

Celanese

$103.90

-0.04 (-0.04%)

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DNOW

NOW Inc.

$12.98

0.1 (0.78%)

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Conference/Events
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  • 25

    Sep

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  • 01

    Nov

JOBS

51job

$58.50

0.01 (0.02%)

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HES

Hess Corp.

$43.63

0.17 (0.39%)

17:53
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Conference/Events
Hess Corp. management to meet with JPMorgan »

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  • 25

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APC

Anadarko

$48.49

3.68 (8.21%)

17:43
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  • 27

    Sep

HCC

Warrior Met Coal

$23.28

-1.05 (-4.32%)

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MAA

MAA

$107.27

-0.03 (-0.03%)

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NOC

Northrop Grumman

$280.42

0.38 (0.14%)

17:31
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GD

General Dynamics

$205.72

1.45 (0.71%)

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AAN

Aaron's

$38.83

-0.39 (-0.99%)

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