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SNAP

Snap

$12.19

-0.4564 (-3.61%)

, FB

Facebook

$169.30

-0.56 (-0.33%)

10:55
08/03/17
08/03
10:55
08/03/17
10:55

Facebook's Instagram Stories daily use exceed Snapchat, TechCrunch says

Starting as a look-alike to Snapchat (SNAP), Instagram Stories (FB) has become "an integral part of the world's largest dedicated visual communication app in the first year since its launch," says TechCrunch. A story was formed by half of the businesses on Instagram in the past month, resulting in an increase in Instagram's "average usage to 32 minutes per day for those under 25, and 24 minutes per day for those 25 and up," added TechCrunch. Shares of Snap are down 3.5% in morning trading to $12.20 per share, while Facebook is up 0.2% to $169.50. Reference Link

SNAP

Snap

$12.19

-0.4564 (-3.61%)

FB

Facebook

$169.30

-0.56 (-0.33%)

  • 10

    Aug

  • 16

    Aug

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    Aug

  • 13

    Sep

SNAP Snap
$12.19

-0.4564 (-3.61%)

07/31/17
OTRG
07/31/17
DOWNGRADE
OTRG
Mixed
Snap downgraded to Mixed from Positive at OTR Global
07/27/17
NEED
07/27/17
NO CHANGE
Target $185
NEED
Buy
Facebook 'strong over-delivery' a negative for Snap, says Needham
Needham analyst Laura Martin believes Facebook's (FB) "strong over-delivery" of Q2 earnings is negative for Snap (SNAP) because Instagram Stories hit 250M DAU's in Q2, well above Snap's 166M DAU's in Q1. The analyst reiterates a Buy rating and $185 price target on Facebook's shares.
07/25/17
07/25/17
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. Under Armour (UA, UAA) downgraded to Sell from Hold at Deutsche Bank with analyst Paul Trussell saying a "difficult and promotional selling environment along with segmentation challenges" weaken his confidence in the company's near-term results. 2. Snap (SNAP) downgraded to Neutral from Buy with analyst Kevin Rottinghaus citing monetization concerns and increasing pressure from Facebook (FB) competition. 3. Cytori Therapeutics (CYTX) downgraded to Neutral from Buy at B. Riley with analyst Andrew D'Silva citing the STAR trial results, which missed both primary and secondary endpoints. The analyst cut his price target for the shares to 50c from $2.30. 4. lululemon (LULU) downgraded to Hold from Buy at Stifel with analyst Jim Duffy citing valuation. 5. Power Integrations (POWI) downgraded to Hold from Buy at Deutsche Bank with analyst Ross Seymore saying he has no incremental knowledge to support or refute market speculation regarding a potential design win in the upcoming Apple (AAPL) iPhone. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/17
CLVD
07/25/17
DOWNGRADE
CLVD
Neutral
Snap downgraded to Neutral on Facebook, monetization concerns at Cleveland
Cleveland Research analyst Kevin Rottinghaus downgraded Snap (SNAP) to Neutral from Buy on monetization concerns and increasing pressure from Facebook (FB) competition. The analyst said Snap's user growth is still being outpaced by Facebook's Instagram and expects Instagram's ad tech advantage to become more pronounced through the remainder of the year. Rottinghaus is concerned about Snap's potential stagnation in user growth, the lack of a viable direct response product, an under developed ad tech suite, and some advertiser disinterest.
FB Facebook
$169.30

-0.56 (-0.33%)

07/31/17
07/31/17
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. Facebook (FB) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser saying the shares are not factoring in risks to the company's growth following their "remarkable run" this year. 2. Ulta Beauty (ULTA) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying softer commentary from L'Oreal on its earnings call, increasing promotional activity from the department store channel, and more difficult year-over-year comparisons "could now signal a potentially more challenging beauty backdrop going forward." 3. Hertz (HTZ) downgraded to Underweight from Equal Weight at Barclays with analyst Brian Johnson saying fundamentals may have bottomed, but the stock is ignoring the challenges ahead in the company's earnings recovery following the nearly 100% rally since June 21. 4. Citi (C) downgraded to Market Perform from Outperform at BMO Capital with analyst James Fotheringham citing valuation and lack of catalysts. 5. Visteon (VC) downgraded to Neutral from Buy at UBS with analyst Colin Langan saying the risk/reward is more balanced with the shares up 60% over the last year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/31/17
PIVT
07/31/17
DOWNGRADE
Target $140
PIVT
Sell
Facebook downgraded to Sell from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded Facebook (FB) to Sell with an unchanged price target of $140. The social network closed Friday up $2.01 to $172.45. The shares are not factoring in risks to the company's growth following their "remarkable run" this year, Wieser tells investors in a research note. The recent European Commission ruling on Google (GOOG, GOOGL) Shopping and the agency's approach to dominant companies in general poses a greater risk as Facebook becomes larger, the analyst contends.
07/27/17
JMPS
07/27/17
NO CHANGE
JMPS
Facebook price target raised to $195 from $170 at JMP Securities
JMP Securities analyst Ronald Josey believes that Facebook's Q2 results shows that higher ad prices can offset declines in ad loads. The analyst says that the company's "core fundamentals" are strong, and he keeps an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

EXC

Exelon

$38.32

0.09 (0.24%)

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DXLG

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BDC

Belden

$73.25

0.08 (0.11%)

06:34
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Belden management to meet with Seaport Global »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
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Hormel Foods acquires Ceratti brand for approximately $104M »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
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Earnings
Hormel cuts FY EPS view to $1.54-$1.58 from low end of $1.65-$1.71 »

Consensus is $1.65.…

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:32
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Hormel Foods says faced 'record-high' input costs for two primary raw materials »

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  • 24

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AVD

American Vanguard

$20.00

0.15 (0.76%)

06:32
08/24/17
08/24
06:32
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06:32
Conference/Events
American Vanguard management to meet with Oppenheimer »

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  • 31

    Aug

HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:31
08/24/17
08/24
06:31
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06:31
Earnings
Hormel Foods reports Q3 EPS 34c, consensus 37c »

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  • 24

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WBC

Wabco

$138.46

0.22 (0.16%)

06:31
08/24/17
08/24
06:31
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Hot Stocks
Wabco to acquire Sheppard for $145M »

WABCO announced that it…

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  • 07

    Sep

AIN

Albany International

$51.10

-0.2 (-0.39%)

06:31
08/24/17
08/24
06:31
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06:31
Conference/Events
Albany International management to meet with Sidoti »

Meetings to be held in…

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  • 31

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    Sep

EADSY

Airbus

$20.89

-0.015 (-0.07%)

, DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

06:31
08/24/17
08/24
06:31
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06:31
Periodicals
European regulator, Airbus issue software fix for A350, Reuters reports »

The European Aviation…

EADSY

Airbus

$20.89

-0.015 (-0.07%)

DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

SINGY

Singapore Airlines

CPCAY

Cathay Pacific

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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LTD

L Brands

06:30
08/24/17
08/24
06:30
08/24/17
06:30
Conference/Events
L Brands to host sales conference call »

Pre-Recorded August sales…

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  • 31

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06:30
08/24/17
08/24
06:30
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06:30
General news
FX Action: USD-JPY has settled in the lower 109.0s »

FX Action: USD-JPY has…

BRCD

Brocade

$12.25

0.06 (0.49%)

, AVGO

Broadcom

$256.92

1.73 (0.68%)

06:22
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08/24
06:22
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06:22
Hot Stocks
China conditionally approves Broadcom's proposed acquisition of Brocade »

In a regulatory filing,…

BRCD

Brocade

$12.25

0.06 (0.49%)

AVGO

Broadcom

$256.92

1.73 (0.68%)

03/08/13
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  • 24

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FB

Facebook

$168.71

-0.93 (-0.55%)

06:20
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Periodicals
Facebook taps exec Andrew Bosworth to lead hardware efforts, BI reports »

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  • 24

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GOOG

Alphabet

$927.00

2.31 (0.25%)

, GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

06:20
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Periodicals
Google could unveil new Pixel phones on October 5, Engadget reports »

Google (GOOG) could…

GOOG

Alphabet

$927.00

2.31 (0.25%)

GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

QCOM

Qualcomm

$52.23

-0.12 (-0.23%)

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  • 24

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NADL

North Atlantic Drilling

$1.19

0.02 (1.71%)

06:17
08/24/17
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Earnings
North Atlantic Drilling reports Q2 EPS ($2.59), consensus ($2.97) »

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  • 24

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BIDU

Baidu

$224.99

-1.12 (-0.50%)

06:16
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Baidu completes sale of food delivery subsidiary »

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SHLD

Sears

$8.57

-0.46 (-5.09%)

06:13
08/24/17
08/24
06:13
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06:13
Earnings
Sears reports Q2 adjusted EPS ($1.16), consensus ($2.48) 

One analyst estimate.

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  • 24

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SSNLF

Samsung

$2,020.00

-10 (-0.49%)

, AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

06:13
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06:13
Periodicals
Samsung developing smart speaker, CNBC reports »

Samsung (SSNLF) is…

SSNLF

Samsung

$2,020.00

-10 (-0.49%)

AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

AAPL

Apple

$159.98

0.2 (0.13%)

GOOG

Alphabet

$927.00

2.31 (0.25%)

GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

03/08/13
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  • 24

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SHLD

Sears

$8.57

-0.46 (-5.09%)

06:10
08/24/17
08/24
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Hot Stocks
Sears CEO says 'making progress on strategic priorities' »

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  • 24

    Aug

BABA

Alibaba

$175.80

1.34 (0.77%)

06:09
08/24/17
08/24
06:09
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06:09
Periodicals
Alibaba fund invests in 11 Taiwan-based startups, DigiTimes reports »

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GNTX

Gentex

$17.36

0.35 (2.06%)

06:07
08/24/17
08/24
06:07
08/24/17
06:07
Upgrade
Gentex rating change  »

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ITCI

Intra-Cellular

$14.39

3.12 (27.68%)

06:07
08/24/17
08/24
06:07
08/24/17
06:07
Upgrade
Intra-Cellular rating change  »

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