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AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

, WFM

Bought by AMZN

$41.96

0.02 (0.05%)

11:53
07/14/17
07/14
11:53
07/14/17
11:53

Democratic Rep calls for oversight hearing on Amazon-Whole Foods tie-up

Democratic House Representative David Cicilline of Rhode Island wrote a letter to the Republican leaders of the House Subcommittee on Regulatory Reform, Commercial and Antitrust Law, requested that the committee hold an oversight hearing on Amazon's (AMZN) proposed takeover of Whole Foods (WFM). Cicilline said in the letter that he has heard concerns that the merger may discourage innovation and entrance into emerging markets, such as grocery and food delivery. The Rep added that some have raised concerns that the deal will also increase Amazon's online dominance, enabling it to "prioritize its products and services over competitors." "Without taking a position on the legality of the transaction under the antitrust laws, Amazon's proposed acquisition of Whole Foods raised important questions concerning competition policy, such as how the transaction will affect the future of retail grocery stores, whether platform dominance impedes innovation, and if the antitrust laws are working effectively to ensure economic opportunity, choice, and low prices for American families," Cicilline said in the letter. Reference Link

AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

WFM

Bought by AMZN

$41.96

0.02 (0.05%)

  • 27

    Jul

AMZN Amazon.com
$1,000.63

-5.88 (-0.58%)

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.
07/14/17
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.
07/14/17
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
JPMS
07/14/17
NO CHANGE
JPMS
Underweight
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.
WFM Bought by AMZN
$41.96

0.02 (0.05%)

07/07/17
RBCM
07/07/17
NO CHANGE
RBCM
Vantiv acquisition defensive near-term, strategic long-term, says RBC Capital
After Vantiv (VNTV) agreed to buy Worldpay, RBC Capital analyst Daniel Perlin says that the deal is "defensive today" because of "weakness in big-box mall retail," deflationary grocery pricing, after the Whole Foods (WFM) deal, and "the looming threat of JPMorgan's (JPM) closed-loop network potentially driving down acquiring fees." But the analyst thinks that the deal will certainly create value over the long-term, due to Worldpay's global platform and the fact that its aggregate revenue yields are about 47% higher than those of Vantiv. The analyst keeps a $73 price target and an Outperform rating on Vantiv.
07/07/17
STFL
07/07/17
NO CHANGE
STFL
Survey suggests Costco weakness may be overdone, says Stifel
Stifel analyst Mark Astrachan says that a survey by his firm indicates that Costco (COST) shoppers are more concerned about selection, while Amazon (AMZN) shoppers are more concerned about convenience. As a result, the analyst thinks that "the longer term impact" of the Whole Foods (WFM) deal may be less negative for Costco than its shares indicate. He keeps a Buy rating on Costco.
07/10/17
UBSW
07/10/17
UPGRADE
Target $42
UBSW
Neutral
Whole Foods upgraded to Neutral from Sell at UBS
UBS analyst Michael Lasser upgraded Whole Foods Market (WFM) to Neutral citing the planned acquisition by Amazon.com (AMZN). The analyst has a $42 price target for the shares and does not see an alternative bidder coming forward.
07/11/17
WELS
07/11/17
DOWNGRADE
Target $42
WELS
Market Perform
Whole Foods downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Zachary Fadem downgraded Whole Foods Market (WFM) to Market Perform saying a competing takeover bid to Amazon's (AMZN) is a "very low probability." The analyst lowered his price target for the shares to $42 from $45. Sprouts Farmers Market (SFM) is Fadem's top pick in grocery.

TODAY'S FREE FLY STORIES

WMT

Wal-Mart

$88.65

1.21 (1.38%)

07:05
10/24/17
10/24
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10/24/17
07:05
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SSB

South State

$90.70

-1.45 (-1.57%)

07:04
10/24/17
10/24
07:04
10/24/17
07:04
Earnings
Breaking Earnings news story on South State »

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GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

07:04
10/24/17
10/24
07:04
10/24/17
07:04
Earnings
Graphic Packaging reports Q3 adjusted EPS 18c, consensus 18c »

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BIIB

Biogen

$328.55

-9.55 (-2.82%)

07:04
10/24/17
10/24
07:04
10/24/17
07:04
Hot Stocks
Biogen CEO says encouraged by strength of Spinraza launch »

"Our multiple…

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    Oct

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IP

International Paper

$58.25

0.04 (0.07%)

, GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

07:04
10/24/17
10/24
07:04
10/24/17
07:04
Hot Stocks
International Paper combines packaging unit with Graphic Packaging in $1.8B deal »

International Paper (IP)…

IP

International Paper

$58.25

0.04 (0.07%)

GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

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    Oct

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GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

, IP

International Paper

$58.25

0.04 (0.07%)

07:03
10/24/17
10/24
07:03
10/24/17
07:03
Hot Stocks
Graphic Packaging to form new partnership with International Paper »

Graphic Packaging Holding…

GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

IP

International Paper

$58.25

0.04 (0.07%)

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  • 24

    Oct

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    Oct

FB

Facebook

$171.27

-3.71 (-2.12%)

, V

Visa

$107.53

-0.02 (-0.02%)

07:03
10/24/17
10/24
07:03
10/24/17
07:03
Hot Stocks
Facebook joins Visa Digital Enablement Program »

Visa (V) announced that…

FB

Facebook

$171.27

-3.71 (-2.12%)

V

Visa

$107.53

-0.02 (-0.02%)

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    Nov

SHW

Sherwin-Williams

$386.58

-3.12 (-0.80%)

07:03
10/24/17
10/24
07:03
10/24/17
07:03
Earnings
Sherwin-Williams reports Q3 EPS $4.26 ex-items, consensus $4.67 »

Reports Q3 revenue…

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  • 24

    Oct

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    Oct

ASTE

Astec

$52.19

-0.08 (-0.15%)

07:03
10/24/17
10/24
07:03
10/24/17
07:03
Earnings
Astec reports Q3 EPS (12c), consensus (3c) »

Reports Q4 revenue…

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    Oct

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MAS

Masco

$40.11

0.02 (0.05%)

07:03
10/24/17
10/24
07:03
10/24/17
07:03
Earnings
Masco sees FY17 EPS $1.93-$1.97, consensus $1.97 »

The company said,…

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  • 24

    Oct

AGR

Avangrid

$48.27

-0.03 (-0.06%)

07:03
10/24/17
10/24
07:03
10/24/17
07:03
Earnings
Breaking Earnings news story on Avangrid »

Avangrid reports Q3…

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    Oct

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BIIB

Biogen

$328.55

-9.55 (-2.82%)

07:02
10/24/17
10/24
07:02
10/24/17
07:02
Hot Stocks
Biogen reports Q3 Tecfidera U.S. revenue $836M, Spinraza U.S. revenue $198M »

In the third quarter of…

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  • 24

    Oct

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    Oct

IP

International Paper

$58.25

0.04 (0.07%)

, GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

07:02
10/24/17
10/24
07:02
10/24/17
07:02
Earnings
Breaking Earnings news story on International Paper, Graphic Packaging »

International Paper,…

IP

International Paper

$58.25

0.04 (0.07%)

GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

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    Oct

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CCBG

Capital City Bank

$24.61

-0.35 (-1.40%)

07:02
10/24/17
10/24
07:02
10/24/17
07:02
Earnings
Capital City Bank reports Q3 EPS 27c, consensus 22c »

Reports Q3 book value per…

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AGR

Avangrid

$48.27

-0.03 (-0.06%)

07:02
10/24/17
10/24
07:02
10/24/17
07:02
Earnings
Avangrid backs FY consolidated adjusted EPS view $2.10-$2.35, consensus $2.22 »

While the adjusted…

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  • 24

    Oct

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GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

, IP

International Paper

$58.25

0.04 (0.07%)

07:02
10/24/17
10/24
07:02
10/24/17
07:02
Hot Stocks
Breaking Hot Stocks news story on Graphic Packaging, International Paper »

Graphic Packaging to form…

GPK

Graphic Packaging

$14.27

-0.01 (-0.07%)

IP

International Paper

$58.25

0.04 (0.07%)

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  • 24

    Oct

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MAS

Masco

$40.11

0.02 (0.05%)

07:01
10/24/17
10/24
07:01
10/24/17
07:01
Earnings
Masco reports Q3 adjusted EPS 50c, consensus 53c »

Reports Q3 revenue $1.9B,…

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  • 24

    Oct

BIIB

Biogen

$328.55

-9.55 (-2.82%)

07:01
10/24/17
10/24
07:01
10/24/17
07:01
Earnings
Biogen reports Q3 EPS $6.31, consensus $5.70 »

Reports Q3 revenue $3.1B,…

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  • 24

    Oct

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CTG

Computer Task Group

$5.34

-0.01 (-0.19%)

06:59
10/24/17
10/24
06:59
10/24/17
06:59
Earnings
Computer Task Group sees FY17 non-GAAP EPS 21c-23c, consensus 24c »

Sees FY17 revenue…

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  • 24

    Oct

UTX

United Technologies

$120.89

-0.04 (-0.03%)

06:58
10/24/17
10/24
06:58
10/24/17
06:58
Earnings
United Technologies raises FY17 adj. EPS view to $6.58-$6.63 from $6.45-$6.60 »

Consensus $6.57. Narrows…

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  • 24

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    Nov

CSFL

CenterState Banks

$27.50

-0.17 (-0.61%)

06:58
10/24/17
10/24
06:58
10/24/17
06:58
Downgrade
CenterState Banks rating change  »

CenterState Banks…

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  • 15

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BMRC

Bank of Marin

$70.85

3 (4.42%)

06:58
10/24/17
10/24
06:58
10/24/17
06:58
Recommendations
Bank of Marin analyst commentary  »

Bank of Marin price…

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CTG

Computer Task Group

$5.34

-0.01 (-0.19%)

06:58
10/24/17
10/24
06:58
10/24/17
06:58
Earnings
Computer Task Group sees Q4 EPS 5c-7c, consensus 8c »

Sees Q4 revenue…

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  • 24

    Oct

EXK

Endeavour Silver

06:57
10/24/17
10/24
06:57
10/24/17
06:57
Hot Stocks
Endeavour Silver verifies high grade silver mineralization in Veta Colorada »

Endeavour Silver…

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  • 02

    Nov

UTX

United Technologies

$120.89

-0.04 (-0.03%)

06:56
10/24/17
10/24
06:56
10/24/17
06:56
Earnings
United Technologies reports Q3 adj. EPS $1.73, consensus $1.68 »

Reports Q3 revenue…

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