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AMZN

Amazon.com

$989.84

-2.43 (-0.24%)

, TCEHY

Tencent

$42.12

1.04 (2.53%)

10:51
08/09/17
08/09
10:51
08/09/17
10:51

Amazon, Tencent among backers of smartphone start-up, WSJ says

Essential Products, the smartphone making start-up founded by the creator of Google's (GOOG) Android mobile OS, confirmed that its investors include Tencent (TCEHY) and Amazon's (AMZN) Alexa Fund, according to The Wall Street Journal. The company also confirmed that its $699 titanium-encased smartphone will be sold via Amazon and Best Buy (BBY) when it launches, though a launch date was not given, the Journal added. Reference Link

AMZN

Amazon.com

$989.84

-2.43 (-0.24%)

TCEHY

Tencent

$42.12

1.04 (2.53%)

GOOGL

Alphabet Class A

$944.19

-1.56 (-0.16%)

GOOG

Alphabet

$926.79

-2.57 (-0.28%)

BBY

Best Buy

$61.57

0.09 (0.15%)

  • 09

    Aug

  • 16

    Aug

  • 18

    Aug

  • 29

    Aug

  • 19

    Sep

AMZN Amazon.com
$989.84

-2.43 (-0.24%)

08/08/17
WELS
08/08/17
NO CHANGE
WELS
Food distributors outlook positive into June quarter results, says Wells Fargo
Wells Fargo says that sentiment on the food distributors has deteriorated due to worries about inflation and Amazon's (AMZN)possible entry into the space. However, the firm thinks that inflation is "a net positive" for the sector, while the three largest companies in the sector look set to benefit from share gains and M&A accretion. Wells is most upbeat on US Foods (USFD)and Sysco (SYY), citing reductions in their valuation and their efforts to increase volume and margins. Wells thinks the stocks have reached attractive entry points as it believes that investors are exaggerating the Amazon threat. It keeps Outperform ratings on US Foods and Sysco.
08/08/17
MKMP
08/08/17
NO CHANGE
Target $1275
MKMP
Buy
Amazon price target raised to $1,275 from $1,095 at MKM Partners
MKM Partners analyst Rob Sanderson raised his revenue outlook for Amazon.com, noting that units fulfilled are growing much faster than commerce revenue and subscription revenue growth, a proxy for Prime adoption, grew by over 50% again in Q2. While he does not expect Amazon will generate meaningful profits anytime soon, he also believes investors have become "very comfortable" with the company's continued investments. Until investors can see a limit on growth opportunities, revenue growth and share gain will matter more than profitability, said Sanderson, who raised his price target on Amazon shares to $1,275 from $1,095.
08/08/17
08/08/17
INITIATION
Target $1250

Buy
Amazon.com reinstated with a Buy at Mizuho
As previously reported, Mizuho analyst James Lee reinstated Amazon with a Buy rating, stating that he sees the next pillar of growth likely coming from advertising through voice search to allow brands to sell directly to consumers. The analyst, who sees Amazon having many levers to harness its monetization potential, set a $1,250 price target on the stock.
08/08/17
08/08/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
TCEHY Tencent
$42.12

1.04 (2.53%)

04/18/17
BNCH
04/18/17
INITIATION
BNCH
Buy
Tencent initiated with a Buy at Benchmark
Benchmark analyst Fawne Jiang initiated Tencent with a Buy rating and HK$285 price target.
03/28/17
LEHM
03/28/17
INITIATION
Target $34
LEHM
Overweight
Tencent initiated with an Overweight at Barclays
Barclays analyst Gregory Zhao initiated Tencent with an Overweight and a $34 price target.
04/18/17
BNCH
04/18/17
INITIATION
Target $140
BNCH
Benchmark initates China internet sector with positive bias
Benchmark analyst Fawne Jiang initiated coverage of China's internet sector, on which she is positive given her expectation for continued solid growth. Within the space, Tencent (TCEHY) and Alibaba (BABA) are her top platform picks; Weibo (WB) is her top social media play; Ctrip.com (CTRP) and China Lodging (HTHT) are her travel preferences; and TAL Education (TAL) and New Oriental Education (EDU) are her China education plays.
05/18/17
RHCO
05/18/17
NO CHANGE
RHCO
Pandora could be acquired for $12 per share, says SunTrust
After The New York Post reported that merger talks between Pandora (P) and Sirius XM (SIRI) have resumed, SunTrust analyst Matthew Thornton says that Pandora can be acquired for a per share price of "$9+-$12+." He thinks that other suitors besides Sirius could include Tencent (TCEHY), Spotify, and Google (GOOG,GOOGL) However, the analyst adds that Pandora's new features have not impacted the company's fundamentals significantly, while the launch of its new products has been delayed. He cut his price target on the shares to $10.50 from $16 but kept a Buy rating on the stock.
GOOGL Alphabet Class A
$944.19

-1.56 (-0.16%)

08/08/17
PIPR
08/08/17
NO CHANGE
Target $1050
PIPR
Overweight
Alphabet shares remain undervalued, says Piper Jaffray
Piper Jaffray analyst Samuel Kemp says his firm's proprietary browser mix regression model suggests that if mobile does not slow its pace, investors could expect Google Websites' traffic acquisition costs to be 15% of gross Websites revenue by 2020 versus the 11% today. The analyst believes investors remain concerned over the continued rise of Google Websites' traffic acquisition costs. TAC, "while a profit headwind, is not enough to outweigh the long-term upside potential," Kemp tells investors in a research note. He says the analysis resulted in "minuscule adjustments" to his estimates and reinforces his belief that Alphabet remains undervalued. Kemp has an Overweight rating on the shares with a $1,050 price target.
08/08/17
08/08/17
INITIATION
Target $1220

Buy
Alphabet reinstated with a Buy at Mizuho
As previously reported, Mizuho analyst James Lee reinstated Alphabet with a Buy rating, stating that the company is benefiting from positive online advertising secular trends while closing the monetization gap of mobile to PC with new technologies. The analyst, who sees many levers for Alphabet to harness its monetization potential, set a $1,220 price target on the shares.
08/07/17
MZHO
08/07/17
INITIATION
Target $1220
MZHO
Buy
Alphabet initiated with a Buy at Mizuho
Mizuho analyst James Lee reinstated Alphabet with a Buy and a $1,220 price target.
GOOG Alphabet
$926.79

-2.57 (-0.28%)

08/04/17
RHCO
08/04/17
NO CHANGE
RHCO
Yelp results 'very encouraging,' says SunTrust
After Yelp (YELP) delivered beat and raise results, SunTrust analyst Matthew Thornton calls its earnings "very encouraging." He says that the company's engagement was up while its dependency on Google (GOOG, GOOGL) fell. He raised his price target on Yelp to $44 from $35 and keeps a Buy rating.
BBY Best Buy
$61.57

0.09 (0.15%)

07/21/17
RHCO
07/21/17
NO CHANGE
RHCO
Amazon.com, Sears deal doesn't impact Best Buy thesis, says SunTrust
After Best Buy (BBY) dropped following the announcement of a deal between Amazon (AMZN) and Sears (SHLD) on appliances, SunTrust analyst David Magee says the 4% decline in Best Buy's stock is "understandable." However, he says the news doesn't alter his basic thesis on Best Buy. Magee says that Best Buy has shown that it can compete effectively against Amazon in other categories, while there are several other brands of appliances besides Sears' Kenmore that have good reputations and Best Buy will have better service than Sears and Amazon. He keeps a $70 price target and a Buy rating on Best Buy.
07/21/17
JEFF
07/21/17
NO CHANGE
JEFF
Home Depot, Lowe's, Best Buy selloff yesterday overdone, says Jefferies
Jefferies analyst Daniel Binder views the selloff yesterday in shares of Home Depot (HD), Lowe's (LOW) and Best Buy (BBY) on news that Sears (SLD) would sell Alexa-integrated Kenmore appliances through Amazon (AMZN) as overdone. While Amazon shouldn't be underestimated, appliance transactions are complex and Kenmore brand equity has declined, Binder tells investors in a research note. He does not believe the Sears deal is an indicator that more appliance manufacturers will sell direct via Amazon.
07/20/17
LOOP
07/20/17
NO CHANGE
Target $72
LOOP
Buy
Best Buy selloff on Kenmore pact a buying opportunity, says Loop Capital
Loop Capital analyst Anthony Chukumba believes the selloff in Best Buy (BBY) shares after Sears (SHLD) and Amazon (AMZN) reached an agreement to sell Kenmore products online is a buying opportunity. Amazon offering Kenmore is unlikely to drive a significant increase in overall online category penetration given the large size, complicated nature and high price points of major appliances, Chukumba tells investors in a research note. Further, since Best Buy does not currently carry Kenmore appliances, most Amazon sales will likely just cannibalize Sears stores, the analyst adds. He views today's pullback in Best Buy shares as overdone. The analyst has a Buy rating on the name with a $72 price target. The stock in midday trading is down $2.21 to $53.96.
07/20/17
OPCO
07/20/17
NO CHANGE
OPCO
Oppenheimer says Amazon deal more likely to keep Kenmore alive than revive brand
Noting that shares of Home Depot (HD) and Lowe's (LOW) are falling after Sears (SHLD) announced a deal to start selling its Kenmore brand via Amazon (AMZN), Oppenheimer analyst Brian Nagel wondered if the appliance worries are "way overblown" for the home improvement retailers. Both, along with Best Buy (BBY), have been gaining appliance share from Sears for years, said Nagel, who added that he thinks this deal is more likely to "keep Kenmore alive...than pump new life into the legacy brand." If either Home Depot or Lowe's viewed Kenmore as integral, they'd likely have moved to purchase the brand, added Nagel.

TODAY'S FREE FLY STORIES

LOW

Lowe's

$75.82

1.97 (2.67%)

, EV

Eaton Vance

$47.16

0.58 (1.25%)

20:25
08/22/17
08/22
20:25
08/22/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

LOW

Lowe's

$75.82

1.97 (2.67%)

EV

Eaton Vance

$47.16

0.58 (1.25%)

AEO

American Eagle

$11.21

0.59 (5.56%)

EXPR

Express

$5.49

0.14 (2.62%)

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    Nov

T

AT&T

$37.98

0.4 (1.06%)

, TWX

Time Warner

$101.80

-0.31 (-0.30%)

19:14
08/22/17
08/22
19:14
08/22/17
19:14
Hot Stocks
Mexico regulators approve AT&T-Time Warner deal »

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AT&T

$37.98

0.4 (1.06%)

TWX

Time Warner

$101.80

-0.31 (-0.30%)

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  • 06

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REGI

Renewable Energy

$11.20

0.1 (0.90%)

18:50
08/22/17
08/22
18:50
08/22/17
18:50
Hot Stocks
Renewable Energy CEO: Commerce Dept. move 'victory' for job creation »

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  • 22

    Aug

INTC

Intel

$34.65

-0.27 (-0.77%)

18:37
08/22/17
08/22
18:37
08/22/17
18:37
Hot Stocks
Former Intel CFO Stacy Smith to retire at the end of January, 2018 »

In an email, Intel CEO…

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  • 28

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COL

Rockwell Collins

$124.29

0.6 (0.49%)

18:36
08/22/17
08/22
18:36
08/22/17
18:36
Upgrade
Rockwell Collins rating change at Vertical Research »

Rockwell Collins upgraded…

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CRM

Salesforce

$92.95

1.19 (1.30%)

18:24
08/22/17
08/22
18:24
08/22/17
18:24
Hot Stocks
Salesforce CEO says closed large deal with Veterans Administration »

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  • 22

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WWR

Westwater Resources

$1.32

-0.14 (-9.59%)

18:16
08/22/17
08/22
18:16
08/22/17
18:16
Hot Stocks
Westwater Resources acquires water rights for Columbus Basin Project in Nevada »

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ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:03
08/22/17
08/22
18:03
08/22/17
18:03
Earnings
Breaking Earnings news story on ZTO Express »

ZTO Express sees Q3…

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  • 22

    Aug

ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:02
08/22/17
08/22
18:02
08/22/17
18:02
Earnings
ZTO Express reports Q2 earnings per ADS 15c, consensus 14c »

Reports Q2 revenue…

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  • 22

    Aug

URI

United Rentals

$112.44

4.04 (3.73%)

, CMI

Cummins

$153.10

1.04 (0.68%)

17:48
08/22/17
08/22
17:48
08/22/17
17:48
Hot Stocks
United Rentals acquires power equipment assets from Cummins »

United Rentals (URI) has…

URI

United Rentals

$112.44

4.04 (3.73%)

CMI

Cummins

$153.10

1.04 (0.68%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    Aug

MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

, LZB

La-Z-Boy

$31.25

0.1 (0.32%)

17:40
08/22/17
08/22
17:40
08/22/17
17:40
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Maxim Integrated…

MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

LZB

La-Z-Boy

$31.25

0.1 (0.32%)

CREE

Cree

$23.03

0.46 (2.04%)

VNET

21Vianet

$4.58

0.03 (0.66%)

CRM

Salesforce

$92.95

1.19 (1.30%)

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

RARE

Ultragenyx

$58.85

1.94 (3.41%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

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  • 05

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  • 06

    Sep

  • 12

    Sep

  • 16

    Nov

CRM

Salesforce

$92.95

1.19 (1.30%)

17:40
08/22/17
08/22
17:40
08/22/17
17:40
Hot Stocks
Salesforce says sees FY18 margin up 125-150 bps »

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  • 22

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  • 05

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MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

17:34
08/22/17
08/22
17:34
08/22/17
17:34
Hot Stocks
Maxim Integrated names Sumeet Gagneja principal accounting officer »

According to a regulatory…

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  • 06

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  • 12

    Sep

CTIC

CTI BioPharma

$3.30

0.01 (0.30%)

17:33
08/22/17
08/22
17:33
08/22/17
17:33
Hot Stocks
CTI BioPharma: Chief Business Officer Matthew Plunkett resigns »

Effective August 22,…

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UNM

Unum Group

$47.84

0.51 (1.08%)

17:32
08/22/17
08/22
17:32
08/22/17
17:32
Syndicate
Breaking Syndicate news story on Unum Group »

Unum Group files…

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  • 06

    Sep

FTK

Flotek

$5.50

-0.1 (-1.79%)

17:29
08/22/17
08/22
17:29
08/22/17
17:29
Hot Stocks
Flotek announces conclusion of SEC inquiry »

Flotek Industries…

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  • 14

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CRM

Salesforce

$92.95

1.19 (1.30%)

17:24
08/22/17
08/22
17:24
08/22/17
17:24
Hot Stocks
Salesforce says 'had best quarter ever' »

Says can reach $20B in…

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  • 22

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THO

Thor Industries

$103.90

0.45 (0.43%)

17:17
08/22/17
08/22
17:17
08/22/17
17:17
Hot Stocks
Jayco announces expansion of Middlebury campus, will add 300 jobs »

Jayco, a subsidiary of…

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GOOG

Alphabet

$924.69

18.03 (1.99%)

, GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

17:14
08/22/17
08/22
17:14
08/22/17
17:14
Hot Stocks
Google introduces Chrome Enterprise »

Google introduced Chrome…

GOOG

Alphabet

$924.69

18.03 (1.99%)

GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

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  • 24

    Aug

VNET

21Vianet

$4.58

0.03 (0.66%)

17:11
08/22/17
08/22
17:11
08/22/17
17:11
Earnings
21Vianet reports Q2 EPS (12c), one estimate (11c) »

Reports Q2 revenue…

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  • 22

    Aug

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

17:05
08/22/17
08/22
17:05
08/22/17
17:05
Hot Stocks
root9B Technologies announces incremental funding, status of foreclosure »

root9B Holdings announced…

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GPT

Gramercy Property Trust

$29.13

-0.03 (-0.10%)

17:03
08/22/17
08/22
17:03
08/22/17
17:03
Hot Stocks
Gramercy Property Trust launches new JV over Class A distribution centers »

Gramercy Property Trust…

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GPT

Gramercy Property Trust

$29.13

-0.03 (-0.10%)

17:01
08/22/17
08/22
17:01
08/22/17
17:01
Hot Stocks
Gramercy Property Trust to acquire $479M core logistics portfolio »

Gramercy Property Trust…

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WIFI

Boingo Wireless

$19.57

0.32 (1.66%)

16:55
08/22/17
08/22
16:55
08/22/17
16:55
Hot Stocks
Boingo Wireless director Michael Finley sells 7,500 shares »

Boingo Wireless director…

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  • 13

    Sep

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

16:55
08/22/17
08/22
16:55
08/22/17
16:55
Hot Stocks
Breaking Hot Stocks news story on root9B Technologies »

root9B Technologies…

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