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EBAY

eBay

$36.50

0.47 (1.30%)

, AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

14:42
07/14/17
07/14
14:42
07/14/17
14:42

EBay sees best two days ever in July due to Amazon Prime Day, Bloomberg says

EBay (EBAY) has experienced its two best sales day ever for July during Amazon's (AMZN) Prime Day this week, Bloomberg reports, citing a person familiar with the matter. In anticipation of Prime Day, eBay ramped up advertising on television, social media, and billboard with the slogan "Did You Check EBay?," the report notes. EBay didn't disclose the exact sales numbers, though a person told Bloomberg that the advertising blitz paid of fwith daily record gross merchandise volume. Reference Link

EBAY

eBay

$36.50

0.47 (1.30%)

AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

  • 20

    Jul

  • 27

    Jul

EBAY eBay
$36.50

0.47 (1.30%)

06/05/17
06/05/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Yelp (YELP) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post saying consensus estimates are achievable following the first quarter headline miss. The analyst sees improved quarterly net account adds ahead and improved execution driving shares higher. 2. Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at Scotia Howard Weil with the firm saying recent weakness provides a buying opportunity for this defensive play within the oil patch. 3. eBay (EBAY) upgraded to Outperform from Neutral at Credit Suisse with analyst Paul Bieber assuming coverage on the stock while saying there are multiple paths to create value. 4. Gap (GPS) upgraded to Outperform from Perform at Oppenheimer with analyst Anna Andreeva saying the shares are down 17% from last month's highs despite the retailer posting 12% earnings growth in the first quarter. 5. Outfront Media (OUT) upgraded to Buy from Hold at Loop Capital with analyst David Miller saying he believes the "reward outweighs the risk" with the shares down 17% over the past 15 weeks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/07/17
LOOP
07/07/17
NO CHANGE
Target $49
LOOP
Buy
PayPal soon to be more 'acquirable,' but takeover unlikely, says Loop Capital
PayPal's (PYPL) upcoming two-year anniversary of its spin-off from eBay (EBAY) marks the expiration of the M&A prohibition to preserve the transaction's tax-free status, Loop Capital analyst Joseph Vafi tells investors in a research note. While PayPal will become more "acquirable," its competitive advantage is not compelling enough to merit takeout premium in its valuation, the analyst contends. He points out that the company continues to see "material" transaction margin declines on incremental revenue growth. Vafi believes the next step for PayPal will be to accelerate its own acquisition efforts to further diversify its business. He raised his price target for the shares to $49 from $46 and keeps a Hold rating on the name.
07/11/17
AGIS
07/11/17
NO CHANGE
Target $42
AGIS
Buy
eBay should benefit from Prime Day too, says Aegis
Aegis analyst Victor Anthony noted that eBay (EBAY) management has previously stated that Amazon's (AMZN) Prime Day was "a really strong day of growth for us." He believes eBay can have an improved performance on this latest iteration of Amazon's shopping holiday given eBay's heavily discounted deal for Google Home. Anthony keeps a Buy rating and $42 price target on eBay shares.
07/13/17
BARD
07/13/17
NO CHANGE
Target $38
BARD
Outperform
eBay appears to end Q2 on positive note, says Baird
Baird analyst Colin Sebastian sees room for upside in Q2 estimates for eBay as the firm's proprietary tracker showed some acceleration in growth relative to May - from mid/high single digits into low double digits. The analyst said data also showed U.K. online spending trends suggested June improvement as well. Sebastian reiterated his Outperform rating and $38 price target on eBay shares.
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.

TODAY'S FREE FLY STORIES

SKX

Skechers

$24.03

-1.06 (-4.22%)

08:31
10/20/17
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VST

Vistra Energy

$18.83

0.13 (0.70%)

08:30
10/20/17
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    Nov

GE

General Electric

$23.58

0.46 (1.99%)

08:30
10/20/17
10/20
08:30
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08:30
Hot Stocks
General Electric reports Q3 Power revenue $8.68B »

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  • 20

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LDR

Landauer

08:30
10/20/17
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08:30
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08:30
Options
One option delisting on October 20th »

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ALL

Allstate

$92.73

1.48 (1.62%)

08:29
10/20/17
10/20
08:29
10/20/17
08:29
Hot Stocks
Allstate announces expansion of ride-hailing coverage »

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  • 29

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HUBG

Hub Group

$39.50

0.35 (0.89%)

08:29
10/20/17
10/20
08:29
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08:29
Initiation
Hub Group initiated  »

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  • 26

    Oct

TEAM

Atlassian

08:29
10/20/17
10/20
08:29
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08:29
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GPC

Genuine Parts

$89.71

-8.33 (-8.50%)

08:27
10/20/17
10/20
08:27
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08:27
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Genuine Parts analyst commentary  »

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  • 30

    Oct

BOJA

Bojangles

$12.50

0.1 (0.81%)

08:26
10/20/17
10/20
08:26
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08:26
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  • 01

    Nov

TEAM

Atlassian

$40.25

0.44 (1.11%)

08:25
10/20/17
10/20
08:25
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08:25
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AGN

Allergan

$189.27

2.12 (1.13%)

08:25
10/20/17
10/20
08:25
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08:25
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  • 20

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  • 01

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  • 06

    Nov

08:25
10/20/17
10/20
08:25
10/20/17
08:25
General news
Fed funds futures are lower as safe haven flows unwind as risk appetite jumps »

Fed funds futures are…

WBC

Wabco

$155.08

6.01 (4.03%)

08:23
10/20/17
10/20
08:23
10/20/17
08:23
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Wabco analyst commentary  »

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UAL

United Continental

$59.78

-8.21 (-12.08%)

08:22
10/20/17
10/20
08:22
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08:22
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United Continental analyst commentary  »

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ENBL

Enable Midstream

$15.60

0.06 (0.39%)

08:22
10/20/17
10/20
08:22
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08:22
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  • 01

    Nov

$DJT

DJ Transportation Average

08:22
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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

08:21
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Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

08:21
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Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$177.87

-0.23 (-0.13%)

08:21
10/20/17
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08:21
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Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$60.69

-0.18 (-0.30%)

08:20
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Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

08:20
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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

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Consumer Discretionary Sector SPDR: Pivot points »

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General news
Canada CPI preview »

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XLB

S&P Select Materials SPDR

$58.24

0.22 (0.38%)

08:19
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08:19
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08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$54.82

0.57 (1.05%)

08:19
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Technical Analysis
Utilities SPDR: Pivot points »

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