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AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

, WFM

Bought by AMZN

$33.06

-2.39 (-6.74%)

15:13
06/16/17
06/16
15:13
06/16/17
15:13

S&P puts Amazon ratings on watch negative on deal to buy Whole Foods

S&P Global Ratings placed its ratings, including the "AA-" corporate credit rating, on Amazon.com on CreditWatch with negative implications, which it said reflects its expectation that Amazon's leverage will increase as a result of its plan to purchase Whole Foods for about $14B. "Our preliminary view is that Amazon's leverage will approach 1.5x, but mostly likely remain below 2x. We see the purchase as a major strategic initiative for Amazon, with execution risk, but also potential significant implications for Amazon's market strategy as well as for the broader U.S. grocery market," S&P stated.

AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

WFM

Bought by AMZN

$33.06

-2.39 (-6.74%)

AMZN Amazon.com
$964.17

-12.3 (-1.26%)

06/16/17
06/16/17
DOWNGRADE

Neutral
Costco downgraded to Neutral from Conviction Buy at Goldman Sachs
As previously reported, Goldman downgraded Costco (COST) to Neutral from Conviction Buy and lowered its price target to $176 from $197. Analyst Matthew Fassler believes Costco's valuation will be capped due to Amazon's (AMZN) ongoing moves into consumables, online investments by Wal-Mart (WMT) and fading fundamental catalysts. He believes Amazon will offer superior pricing and delivery competency versus incumbents but does not anticipate meaningful erosion in warehouse business trends any time soon.
06/16/17
BARD
06/16/17
NO CHANGE
BARD
Wal-Mart, Costco weakness on Amazon news a buying opportunity, says Baird
Baird analyst Peter Benedict said he we views Amazon's (AMZN) deal to buy Whole Foods (WFM) as reinforcing the value of local distribution and he believes Wal-Mart (WMT) and Costco (COST) are particularly well positioned to compete in the omni-channel grocery market. The analyst, who recommends using today's weakness in those two stocks as a buying opportunity, keeps an Outperform rating on both, while maintaining a Neutral rating on Target (TGT), noting that he thinks today's news "raises the bar" on its need to find an effective strategy to turn its grocery business.
06/16/17
JEFF
06/16/17
NO CHANGE
Target $88
JEFF
Buy
Wal-Mart should be rallying on Whole Foods takeover, says Jefferies
Jefferies analyst Daniel Binder views the "knee-jerk" selloff in Wal-Mart (WMT) shares following Amazon's (AMZN) acquisition of Whole Foods (WFM) as overdone. The deal suggests having a store base in food "is important after all," Binder tells investors in a research note. Investors should be buying Wal-Mart today, not "taking it to the woodshed," the analyst argues. The company has roughly 4,500 points of distribution in food while Amazon just bought 461, Binder writes in a research note titled "Stores Are Important After All!." He recommends buying Wal-Mart on the weakness today and keeps a Buy rating on the name with an $88 price target. The retailing giant is down 5%, or $3.67, to $75.24 in afternoon trading.
06/16/17
PIPR
06/16/17
NO CHANGE
Target $1200
PIPR
Overweight
Piper reiterates $1,200 target on Amazon following Whole Foods deal
Piper Jaffray analyst Michael Olson believes the importance of Amazon's (AMZN) acquisition of Whole Foods (WFM) centers on the accelerations in its grocery strategy. Amazon's proximity to the U.S. consumer with grocery delivery range locations will increase from 20%-30% to near ubiquity, which "significantly" accelerates its grocery go-to-market, Olson tells investors in a research note titled "The Future of Grocery is Bright, Disruptive and Amazon's." Further, he believes Whole Foods' localized sourcing can "significantly improve" Amazon's grocery SKU quality. He reiterates an Overweight rating on Amazon with a $1,200 price target.
WFM Bought by AMZN
$33.06

-2.39 (-6.74%)

06/16/17
LEHM
06/16/17
UPGRADE
Target $48
LEHM
Overweight
Barclays upgrades Whole Foods on potential for bidding war
As previously reported, Barclays analyst Karen Short upgraded Whole Foods (WFM) to Overweight from Equal Weight and raised her price target on the stock to $48 from $38, telling investors that she would not be surprised to see a bidding war break out following Amazon's (AMZN) announcement of a takeover agreement. Short, who thinks a strategic retail buyer would generate up to $600M in synergies from a deal to buy Whole Foods, said bidders could include Kroger (KR), Target (TGT), and Wal-Mart (WMT), all of which may "have too much to lose not to bid."

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BBD

Banco Bradesco

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IIVI

II-VI

$52.95

0.9 (1.73%)

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SANM

Sanmina

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RELX

RELX

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SLB

Schlumberger

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HAL

Halliburton

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Breaking Hot Stocks news story on Halliburton »

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HAL

Halliburton

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Breaking Hot Stocks news story on Halliburton »

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WP

Worldpay

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HAL

Halliburton

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Halliburton says sees new effective tax rate approximately 21%-23% »

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  • 22

    Jan

TXN

Texas Instruments

$116.83

0.42 (0.36%)

09:25
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09:25
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Texas Instruments analyst commentary  »

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  • 23

    Jan

09:25
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General news
IMF revised its global growth outlook higher, in part on U.S. tax cuts »

IMF revised its global…

PAYC

Paycom

, ALRM

Alarm.com

$38.73

-0.7 (-1.78%)

09:25
01/22/18
01/22
09:25
01/22/18
09:25
Conference/Events
Jefferies software analyst holds an analyst/industry conference call »

Software Analyst DiFucci…

PAYC

Paycom

ALRM

Alarm.com

$38.73

-0.7 (-1.78%)

CA

CA Technologies

$34.07

-0.12 (-0.35%)

RHT

Red Hat

ORCL

Oracle

SSNC

SS&C

$49.98

0.04 (0.08%)

VMW

VMware

CTXS

Citrix

$92.72

1.34 (1.47%)

MSFT

Microsoft

$90.00

-0.1 (-0.11%)

SYMC

Symantec

$27.46

0.21 (0.77%)

PANW

Palo Alto Networks

APTI

Apptio

$24.79

0.56 (2.31%)

CHKP

Check Point

$104.48

1.28 (1.24%)

NICE

Nice

$93.60

-0.23 (-0.25%)

SPLK

Splunk

$89.94

-1.49 (-1.63%)

RNG

RingCentral

03/08/13
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  • 22

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DCIX

Diana Containerships

$3.24

0.09 (2.86%)

09:23
01/22/18
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Diana Containerships sells two post-Panamax container vessels for $22M »

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CAA

CalAtlantic

, LEN

Lennar

09:23
01/22/18
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CalAtlantic, Lennar analyst commentary  »

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CAA

CalAtlantic

LEN

Lennar

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SJI

South Jersey Industries

09:21
01/22/18
01/22
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09:21
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South Jersey Industries rating change  »

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  • 23

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KBH

KB Home

09:20
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  • 24

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U.S. Producer Sentiment Tailwinds Extend Into 2018: »

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TOL

Toll Brothers

09:19
01/22/18
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WYNN

Wynn Resorts

$179.64

4.16 (2.37%)

, HAL

Halliburton

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On The Fly: Pre-market Movers »

UP AFTER EARNINGS: Wynn…

WYNN

Wynn Resorts

$179.64

4.16 (2.37%)

HAL

Halliburton

PETS

PetMed Express

$53.24

2.67 (5.28%)

OPB

Opus Bank

$28.70

0.05 (0.17%)

BCRX

BioCryst

$5.59

-0.09 (-1.58%)

IDRA

Idera Pharmaceuticals

$2.55

0.145 (6.03%)

ANF

Abercrombie & Fitch

AAPL

Apple

$178.46

-0.8 (-0.45%)

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CYTX

Cytori Therapeutics

$0.40

-0.0188 (-4.48%)

09:19
01/22/18
01/22
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Cytori Therapeutics completes enrollment in Habeo trial for scleroderma »

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UBS

UBS

09:18
01/22/18
01/22
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Periodicals
UBS to start moving jobs in early 2018 ahead of Brexit, Telegraph reports »

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HAL

Halliburton

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Breaking Hot Stocks news story on Halliburton »

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  • 22

    Jan

PHM

PulteGroup

09:18
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  • 30

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SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
01/22/18
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Options
Overnight activity included 111 trades in SPX and 29 trades in VIX »

111 trades were executed…

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RF

Regions Financial

09:17
01/22/18
01/22
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09:17
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