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AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

, WFM

Bought by AMZN

$33.06

-2.39 (-6.74%)

09:35
06/16/17
06/16
09:35
06/16/17
09:35

Technical View: Kroger tanks on Amazon.com purchase of Whole Foods

The stock was last down over 14.5% to $20.99, just off the new 52-week low set this morning at $20.46. Support below that low is at $19.64 and then at $18.30. Resistance is at $21.42.

AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

WFM

Bought by AMZN

$33.06

-2.39 (-6.74%)

KR

Kroger

  • 22

    Jun

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.
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.

TODAY'S FREE FLY STORIES

GPRO

GoPro

$10.75

-0.19 (-1.74%)

10:33
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HMC

Honda

$29.91

0.18 (0.61%)

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$113.47

-0.1 (-0.09%)

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ORCL

Oracle

$48.16

0.19 (0.40%)

10:07
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Oracle shares could return 20% in a year, Barron's says »

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SIX

Six Flags

$58.96

1.14 (1.97%)

09:59
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ONCE

Spark Therapeutics

$85.15

-1.95 (-2.24%)

, AVXS

AveXis

$92.11

-4.03 (-4.19%)

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Spark Therapeutics

$85.15

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AVXS

AveXis

$92.11

-4.03 (-4.19%)

RGNX

Regenxbio

$28.25

-1.15 (-3.91%)

BOLD

Audentes Therapeutics

$27.31

-0.1 (-0.36%)

VYGR

Voyager Therapeutics

$17.50

-0.22 (-1.24%)

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AET

Aetna

$153.57

0.18 (0.12%)

, ANTM

Anthem

$182.86

-0.64 (-0.35%)

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Aetna

$153.57

0.18 (0.12%)

ANTM

Anthem

$182.86

-0.64 (-0.35%)

CNC

Centene

$92.22

1.48 (1.63%)

CI

Cigna

$182.74

0.61 (0.33%)

HNT

Health Net

HUM

Humana

$239.09

0.45 (0.19%)

MOH

Molina Healthcare

$65.32

2.81 (4.50%)

UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

WCG

WellCare

$167.16

1.1 (0.66%)

AOBC

American Outdoor Brands

$15.01

-0.15 (-0.99%)

RGR

Sturm, Ruger

$51.00

-1.85 (-3.50%)

WMT

Wal-Mart

$79.53

-0.48 (-0.60%)

PEP

PepsiCo

$111.85

-0.95 (-0.84%)

TGT

Target

$58.99

0.66 (1.13%)

AAPL

Apple

$151.89

-1.5 (-0.98%)

MSFT

Microsoft

$74.41

0.2 (0.27%)

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

TWTR

Twitter

$17.61

0.03 (0.17%)

GOOGL

Alphabet Class A

$943.26

-4.29 (-0.45%)

GOOG

Alphabet

$928.53

-3.92 (-0.42%)

FB

Facebook

$170.54

-0.57 (-0.33%)

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  • 20

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AVA

Avista

$51.40

0.1 (0.19%)

18:47
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09/22
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  • 05

    Nov

BMWYY

BMW

$34.00

0.083 (0.24%)

18:40
09/22/17
09/22
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BMW to build new 8 series in Dingolfing from 2018, Reuters reports »

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CSCO

Cisco

$33.37

0.67 (2.05%)

18:20
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09/22
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Cisco completes acquisition of Springpath »

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  • 07

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  • 11

    Dec

BMY

Bristol-Myers

$63.36

0.03 (0.05%)

18:12
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Bristol-Myers announces FDA approval of Opdivo »

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  • 05

    Mar

INSE

Inspired Entertainment

$13.60

0.3 (2.26%)

17:38
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Inspired Entertainment COO Wilson leaving by reason of redundancy »

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  • 28

    Sep

MNOV

MediciNova

$6.18

0.3 (5.10%)

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Breaking Syndicate news story on MediciNova »

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  • 26

    Sep

ISRG

Intuitive Surgical

$1,031.52

1.31 (0.13%)

17:25
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Conference/Events
Intuitive Surgical to host special shareholder meeting »

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  • 22

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GD

General Dynamics

$205.41

-0.31 (-0.15%)

17:21
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CHRS

Coherus Biosciences

$12.85

0.3 (2.39%)

17:19
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Breaking Syndicate news story on Coherus Biosciences »

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  • 25

    Sep

FIBK

First Interstate

$36.90

0.3 (0.82%)

17:18
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Syndicate
First Interstate files to sell $250M of Class A common stock »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

, NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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National Research, also tag NRCIB

$37.45

0.55 (1.49%)

NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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CC

Chemours

$51.79

-0.16 (-0.31%)

, HON

Honeywell

$141.75

0.89 (0.63%)

16:58
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Chemours files appeal concerning SNAP 20 rule to regulate HFCs »

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CC

Chemours

$51.79

-0.16 (-0.31%)

HON

Honeywell

$141.75

0.89 (0.63%)

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AGN

Allergan

$204.65

1.99 (0.98%)

16:57
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Allergan receives refusal to file letter from FDA for Vraylar »

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  • 25

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HON

Honeywell

$141.75

0.89 (0.63%)

, CC

Chemours

$51.79

-0.16 (-0.31%)

16:51
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Hot Stocks
Honeywell, Chemours seek rehearing of D.C Court decision regarding SNAP program »

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HON

Honeywell

$141.75

0.89 (0.63%)

CC

Chemours

$51.79

-0.16 (-0.31%)

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JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

16:46
09/22/17
09/22
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16:46
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Breaking Hot Stocks news story on Saint Joe Co. »

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16:40
09/22/17
09/22
16:40
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16:40
General news
Moody's downgrades UK's rating to Aa2, changes outlook to stable »

Moody's Investors…

A

Agilent

$65.78

-0.14 (-0.21%)

, MRK

Merck

$65.13

-0.47 (-0.72%)

16:36
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Agilent receives expanded FDA approval for the use of Dako PD-L1 IHC 22C3 »

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A

Agilent

$65.78

-0.14 (-0.21%)

MRK

Merck

$65.13

-0.47 (-0.72%)

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TYHT

Shineco

$3.23

-0.45 (-12.23%)

16:35
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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:34
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Appliance Recycling gets written notice of default »

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