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JWN

Nordstrom

$47.33

0.72 (1.54%)

, AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

08:27
07/14/17
07/14
08:27
07/14/17
08:27

JPMorgan keeps Underweight on Nordstrom after management meetings

JPMorgan analyst Matthew Boss keeps an Underweight rating on Nordstrom (JWN) after meeting management at the company's headquarters. Management would not comment on their evaluation of strategic alternatives and the meeting was reshuffled to exclude members of the Nordstrom family while incoming CFO Anne Bramman attended but did not actively participate, Boss tells investors in a research note. The analyst views the company's EBITDA roadmap as "increasingly uncertain" with a greater emphasis on fashion to differentiate mix versus Amazon.com (AMZN) and rising costs of customer acquisition. He believes the retailer's fundamental multi-year risk profile is elevated.

JWN

Nordstrom

$47.33

0.72 (1.54%)

AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

  • 27

    Jul

  • 23

    Aug

JWN Nordstrom
$47.33

0.72 (1.54%)

06/21/17
GDHS
06/21/17
NO CHANGE
GDHS
Nike-Amazon pact yet another department store headwind, says Gordon Haskett
Gordon Haskett analyst noted the reports of Nike (NKE) nearing a deal to sell directly on Amazon (AMZN), which he said wouldn't impact trends overnight but would represent another headwind for department stores, particularly J.C. Penney (JCP) and Kohl's (KSS), where the brand has a larger penetration than at Macy's (M) and Nordstrom (JWN). He keeps an Accumulate rating on Nordstrom, a Hold rating on Macy's and Reduce rating on both J.C. Penney and Kohl's.
06/14/17
CLVD
06/14/17
NO CHANGE
CLVD
Nordstrom Q2 comps likely trending below consensus at Cleveland Research
06/09/17
06/09/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Snap (SNAP) downgraded to Neutral from Buy at Citi with analyst Mark May saying a slower than expected roll-out of new platforms and channels like self-serve is slowing down the pace of monetization growth. 2. Domino's Pizza (DPZ) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying his checks indicate second quarter domestic franchised comparables are up 6.25%-6.75%, versus consensus of 7.4%, and recommends investors take a pause on putting new money to work given recent share strength. 3. Nordstrom (JWN) downgraded to Neutral from Buy at Guggenheim with analyst Michael Binetti saying he does not see much further upside potential, even in a leveraged buyout scenario. The analyst believes a going private buyer could only pay $46 per share to generate a 10% internal rate of return. 4. Cantel Medical (CMD) downgraded to Hold from Buy at Benchmark with analyst Raymond Myers saying that he is increasingly concerned that its comparisons become tougher in the next two quarters. 5. Endo (ENDP) downgraded to Hold following Opana ER removal from market at Stifel with analyst Annabel Samimy saying Endo's recovery "just got harder" following the FDA's request for the company to voluntarily remove Opana ER from the market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/09/17
UBSW
06/09/17
DOWNGRADE
Target $46
UBSW
Neutral
Nordstrom downgraded to Neutral from Buy at UBS
UBS analyst Michael Binetti downgraded Nordstrom to Neutral and lowered his price target for the shares to $46 from $51. After yesterday's rally on news of the Nordstrom family exploring privatization, the analyst does not see much further upside potential, even in a leveraged buyout scenario. The analyst believes a going private buyer could only pay $46 per share to generate a 10% internal rate of return.
AMZN Amazon.com
$1,000.63

-5.88 (-0.58%)

07/14/17
LEHM
07/14/17
NO CHANGE
Target $40
LEHM
Underweight
Amazon can be big threat to Williams-Sonoma, says Barclays
Following an analysis that compares product overlap, Barclays analyst Matthew McClintock believes Amazon.com (AMZN) can be a "considerable threat" to Williams-Sonoma (WSM). The analyst estimates that 50% of the first 10 "Top Rated" items by category listed on Williams-Sonoma's website have exact overlap with Amazon. Further, McClintock found that Amazon beat on price on 50 of the 69 items, or 73%. The analyst says he's bearish on Williams-Sonoma following his analysis. In a research note titled "The Next AMZN Shoe to Drop?", he keeps an Underweight rating on the shares with a $40 price target.
07/14/17
GSCO
07/14/17
UPGRADE
Target $84
GSCO
Conviction Buy
Wal-Mart upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Fassler upgraded Wal-Mart Stores (WMT) to Conviction Buy from Neutral and raised his price target for the shares to $84 from $78. The retailing giant closed yesterday up $1.11 to $75.05. Wal-Mart is as well positioned as any mass market retailer to handle Amazon.com's (AMZN) increased focus on consumables as well as the "uncertain" retail environment, Fassler tells investors in a research note. The analyst Wal-Mart's small-market focus and current inventory discipline. He notes that his earnings forecasts are above consensus for the next two fiscal years. Fassler this morning also upgraded Ulta Beauty (ULTA) to Conviction Buy from Neutral.
07/12/17
BARD
07/12/17
UPGRADE
Target $53
BARD
Outperform
Baird sees Fastenal as potential Amazon target, upgrades to Outperform
Baird analyst David Manthey upgraded Fastenal (FAST) to Outperform from Neutral with a $53 price target following this morning's Q2 results. The analyst attributes the intraday selloff to peer MSC Industrial's (MSM) comments on gross margin and believes the "upside case is too compelling to ignore." Fastenal, because it owns the last mile, is the most likely acquisition candidate by Amazon.com (AMZN), Manthey tells investors in a research note. The analyst likes the company's "seasonal setup" and improving fundamentals despite the later-cycle environment. The distributor of industrial and construction supplies is off its lows but remains down 3% to $42.09 in midday trading.
07/12/17
PIPR
07/12/17
NO CHANGE
Target $1200
PIPR
Overweight
Amazon maintaining 60% Prime Day growth 'impressive,' says Piper Jaffray
Piper Jaffray analyst Michael Olson said Amazon's ability to maintain the same 60% units sold growth rate it saw last year on Prime Day again this year was "an impressive feat." He estimates Amazon sold 88M total units during yesterday's Prime Day versus 55M last year. Olson reiterates his $1,200 price target and Overweight rating on Amazon shares.

TODAY'S FREE FLY STORIES

EGRX

Eagle Pharmaceuticals

$70.04

-2.76 (-3.79%)

12:37
07/26/17
07/26
12:37
07/26/17
12:37
Hot Stocks
Breaking Hot Stocks news story on Eagle Pharmaceuticals »

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  • 30

    Oct

EGRX

Eagle Pharmaceuticals

$70.04

-2.76 (-3.79%)

12:36
07/26/17
07/26
12:36
07/26/17
12:36
Hot Stocks
Breaking Hot Stocks news story on Eagle Pharmaceuticals »

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  • 30

    Oct

CMG

Chipotle

$346.19

-2.427 (-0.70%)

12:36
07/26/17
07/26
12:36
07/26/17
12:36
Periodicals
Expert calls Chipotle's FDA criminal subpoena 'highly unusual,' NY Post reports »

The subpoena from the…

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EGRX

Eagle Pharmaceuticals

$70.04

-2.76 (-3.79%)

12:36
07/26/17
07/26
12:36
07/26/17
12:36
Hot Stocks
Eagle Pharmaceuticals receives complete response letter from FDA on Ryanodex »

Eagle Pharmaceuticals…

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  • 30

    Oct

IVPAF

Ivanhoe Mines

$3.89

0.1263 (3.36%)

12:33
07/26/17
07/26
12:33
07/26/17
12:33
Conference/Events
Ivanhoe Mines management to meet with RBC Capital »

Meeting to be held in…

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  • 27

    Jul

WYNN

Wynn Resorts

$138.98

0.45 (0.32%)

12:30
07/26/17
07/26
12:30
07/26/17
12:30
Options
Wynn Resorts calls active as shares fall on earnings »

Wynn Resorts calls active…

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EGRX

Eagle Pharmaceuticals

$70.04

-2.76 (-3.79%)

12:29
07/26/17
07/26
12:29
07/26/17
12:29
Hot Stocks
Breaking Hot Stocks news story on Eagle Pharmaceuticals »

Eagle Pharmaceuticals…

03/08/13
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  • 30

    Oct

FLY

Fly Leasing

$13.94

-0.04 (-0.29%)

12:27
07/26/17
07/26
12:27
07/26/17
12:27
Conference/Events
Fly Leasing management to meet with RBC Capital »

Meeting to be held in San…

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  • 27

    Jul

  • 10

    Aug

SIRI

SiriusXM

$5.39

0.01 (0.19%)

12:25
07/26/17
07/26
12:25
07/26/17
12:25
Options
Sirius XM call volume above normal and directionally bullish »

Bullish option flow…

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  • 27

    Jul

  • 05

    Sep

AKAM

Akamai

$53.28

0.91 (1.74%)

12:24
07/26/17
07/26
12:24
07/26/17
12:24
Conference/Events
Akamai management to meet with RBC Capital »

Meetings to be held in…

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  • 26

    Jul

  • 27

    Jul

  • 08

    Aug

  • 05

    Sep

MPC

Marathon Petroleum

$56.44

0.42 (0.75%)

12:20
07/26/17
07/26
12:20
07/26/17
12:20
Hot Stocks
Marathon Petroleum raises quarterly dividend 11% to 40c per share »

Marathon Petroleum…

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  • 26

    Jul

$NSD

NASDAQ Market Internals

12:17
07/26/17
07/26
12:17
07/26/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

12:16
07/26/17
07/26
12:16
07/26/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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TSCO

Tractor Supply

$53.53

2.01 (3.90%)

12:15
07/26/17
07/26
12:15
07/26/17
12:15
Options
Tractor Supply put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 26

    Jul

BA

Boeing

$230.75

18.29 (8.61%)

, KO

Coca-Cola

$45.36

0.1151 (0.25%)

12:03
07/26/17
07/26
12:03
07/26/17
12:03
General news
On The Fly: Top stock stories at midday »

Stocks opened in positive…

BA

Boeing

$230.75

18.29 (8.61%)

KO

Coca-Cola

$45.36

0.1151 (0.25%)

T

AT&T

$37.84

1.62 (4.47%)

AMD

AMD

$14.11

-0.05 (-0.35%)

TXN

Texas Instruments

$81.39

0.47 (0.58%)

GLW

Corning

$30.29

-1.84 (-5.73%)

GD

General Dynamics

$194.50

-9.06 (-4.45%)

AMGN

Amgen

$180.89

-0.17 (-0.09%)

IRBT

iRobot

$87.90

-2.48 (-2.74%)

AMED

Amedisys

$59.41

0.61 (1.04%)

AFAM

Almost Family

$56.70

-0.15 (-0.26%)

HLS

HealthSouth

$43.48

-2.24 (-4.90%)

KND

Kindred Healthcare

$9.70

-1.5 (-13.39%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 26

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  • 26

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    Jul

  • 27

    Jul

  • 30

    Jul

  • 01

    Aug

  • 04

    Aug

  • 07

    Aug

  • 08

    Aug

  • 14

    Aug

  • 14

    Aug

  • 15

    Aug

  • 16

    Aug

  • 17

    Aug

  • 23

    Aug

  • 23

    Aug

  • 29

    Aug

  • 07

    Sep

  • 08

    Sep

  • 14

    Sep

  • 16

    Nov

  • 03

    Feb

  • 17

    May

GSM

Ferroglobe

$12.90

0.32 (2.54%)

12:02
07/26/17
07/26
12:02
07/26/17
12:02
Hot Stocks
Ferroglobe has not received regulatory approvals from Spain's water authority »

Ferroglobe announced that…

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  • 07

    Aug

MNGA

Magnegas

$0.75

-0.1699 (-18.47%)

12:01
07/26/17
07/26
12:01
07/26/17
12:01
Hot Stocks
USPTO issues MagneGas patent on MagneCule theory »

MagneGas Corporation…

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JBLU

JetBlue

$22.77

0.01 (0.04%)

12:00
07/26/17
07/26
12:00
07/26/17
12:00
Options
Post-earnings option play opened in JetBlue »

Post-earnings option play…

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  • 10

    Aug

BA

Boeing

$229.65

17.1924 (8.09%)

11:54
07/26/17
07/26
11:54
07/26/17
11:54
Hot Stocks
Boeing seeing Pentagon demand above Trump's FY18 budget request »

In its Defense, Space…

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  • 26

    Jul

  • 07

    Aug

WY

Weyerhaeuser

$34.11

-0.014 (-0.04%)

11:50
07/26/17
07/26
11:50
07/26/17
11:50
Options
Call buyer in Weyerhaeuser ahead of earnings »

Call buyer in…

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  • 28

    Jul

LVMUY

LVMH

$51.12

-0.02 (-0.04%)

11:49
07/26/17
07/26
11:49
07/26/17
11:49
Earnings
LVMH reports first half revenue up 15% to EUR 19.7B »

The company said,…

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BA

Boeing

$229.61

17.15 (8.07%)

11:47
07/26/17
07/26
11:47
07/26/17
11:47
Hot Stocks
Boeing has over '700 firm orders in backlog' for 787 Dreamliner program »

Boeing said its 787…

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  • 26

    Jul

  • 07

    Aug

FB

Facebook

$165.28

-0.72 (-0.43%)

11:45
07/26/17
07/26
11:45
07/26/17
11:45
Technical Analysis
Technical Earnings Preview: Facebook in strong uptrend before news »

The stock has been in a…

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  • 26

    Jul

  • 13

    Sep

CF

CF Industries

$29.01

-1.16 (-3.84%)

11:45
07/26/17
07/26
11:45
07/26/17
11:45
Options
CF Industries call volume above normal and directionally bullish »

Bullish option flow…

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  • 03

    Aug

11:45
07/26/17
07/26
11:45
07/26/17
11:45
General news
Treasury's $15 B 2-year FRN garnered decent results »

Treasury's $15 B…

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