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LYV

Live Nation

$39.61

2.11 (5.63%)

, AMZN

Amazon.com

$956.92

-25.09 (-2.56%)

05:57
08/11/17
08/11
05:57
08/11/17
05:57

Live Nation selloff on Amazon story overdone, says JPMorgan

JPMorgan analyst David Karnovsky views the selloff yesterday in Live Nation (LYV) shares after Reuters reported that Amazon (AMZN) was looking to potentially enter the U.S. ticketing market as overdone. Amazon showing interest in the ticketing business is not a surprise, Karnovsky tells investors in a research note. Amazon Tickets "represents more headline risk than actual risk" to Ticketmaster for now, the analyst writes. He believes Amazon "will face several headwinds" to gaining share in the primary market. Karnovsky keeps an Overweight rating on Live Nation shares.

LYV

Live Nation

$39.61

2.11 (5.63%)

AMZN

Amazon.com

$956.92

-25.09 (-2.56%)

  • 16

    Aug

  • 18

    Aug

LYV Live Nation
$39.61

2.11 (5.63%)

08/10/17
SPHN
08/10/17
NO CHANGE
Target $44
SPHN
Overweight
Live Nation price target raised to $44 from $36 at Stephens
Stephens analyst Kyle Evans raised his price target for Live Nation to $44 from $36 after the company posted "solid" Q2 results driven by "very impressive" growth in its Concerts business. The analyst reiterates an Overweight rating on the shares.
07/21/17
WBLR
07/21/17
INITIATION
WBLR
Outperform
Live Nation initiated with an Outperform at William Blair
William Blair analyst Ryan Sundby started Live Nation with an Outperform rating.
06/27/17
JEFF
06/27/17
NO CHANGE
Target $40
JEFF
Buy
Live Nation price target raised to $40 from $36 at Jefferies
Jefferies analyst John Janedis raised his price target for Live Nation to $40 on expectations for a strong summer concert season. The stock should continue outperforming as the market gives the company more credit for "strong secular tailwinds" across the portfolio, the analyst tells investors in a research note. He keeps a Buy rating on Live Nation.
06/19/17
06/19/17
DOWNGRADE

Neutral
Live Nation downgraded to Neutral on valuation at Northcoast
As previously reported, Northcoast downgraded Live Nation to Neutral from Buy. Analyst John Healy said fundamentals remain intact but changed his rating due to recent share outperformance.
AMZN Amazon.com
$956.92

-25.09 (-2.56%)

08/11/17
SBSH
08/11/17
DOWNGRADE
Target $5.5
SBSH
Neutral
Blue Apron downgraded to Neutral from Buy at Citi
Citi analyst Mark May downgraded Blue Apron (APRN) to Neutral and cut his price target for the shares to $5.50 from $10 saying the first quarter as a public company was "disappointing." Execution issues not only introduce new risks to the outlook, but also potentially create an opening for the competition, May tells investors in a post-earnings research note. He sees the biggest risk to his downgrade as being an acquisition of Blue Apron by a "large retailer looking to compete with Amazon" (AMZN). Blue Apron closed yesterday down 18% to $5.14.
08/10/17
OPCO
08/10/17
NO CHANGE
OPCO
Outperform
Market continues to underappreciate meaningfully Wayfair, says Oppenheimer
Following a meeting with management, Oppenheimer analyst Brian Nagel says the market continues to underappreciate "meaningfully" the underlying financial and operational prowess of Wayfair (W). Wedding registry represents a potentially substantial, so far untapped, opportunity for Wayfair, particularly given a current concentration of sales within legacy chains, largely lacking online prowess, he notes, adding that the company continues to differentiate from Amazon (AMZN) and other online operators with a strategy designed to allow customers to browse the home furnishings category on its website. Nagel reiterates an Outperform rating on the shares.
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.
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.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

10:17
08/18/17
08/18
10:17
08/18/17
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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$NYE

NYSE Market Internals

10:16
08/18/17
08/18
10:16
08/18/17
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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FOSL

Fossil

$7.77

-0.09 (-1.15%)

10:15
08/18/17
08/18
10:15
08/18/17
10:15
Options
Fossil put volume heavy and directionally bearish »

Bearish flow noted in…

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10:15
08/18/17
08/18
10:15
08/18/17
10:15
General news
FX Action: The dollar »

FX Action: The dollar…

AMTD

TD Ameritrade

$42.44

-0.93 (-2.14%)

10:13
08/18/17
08/18
10:13
08/18/17
10:13
Conference/Events
TD Ameritrade management to meet with Jefferies »

Meetings to be held in…

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  • 23

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DE

Deere

$113.40

-10.58 (-8.53%)

10:12
08/18/17
08/18
10:12
08/18/17
10:12
Hot Stocks
Deere says long term global tail winds for agricultural economy in place »

Comments are from the…

03/08/13
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  • 18

    Aug

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    Nov

CTL

CenturyLink

$19.13

-0.25 (-1.29%)

, LVLT

Level 3

$52.64

-0.35 (-0.66%)

10:12
08/18/17
08/18
10:12
08/18/17
10:12
Recommendations
CenturyLink, Level 3 analyst commentary  »

CenturyLink and Level 3…

CTL

CenturyLink

$19.13

-0.25 (-1.29%)

LVLT

Level 3

$52.64

-0.35 (-0.66%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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GD

General Dynamics

$197.16

-0.832 (-0.42%)

10:11
08/18/17
08/18
10:11
08/18/17
10:11
Hot Stocks
General Dynamics awarded $115.3M contract modification by Navy »

General Dynamics Electric…

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  • 23

    Aug

10:05
08/18/17
08/18
10:05
08/18/17
10:05
General news
FX Action: USD-CAD »

FX Action: USD-CAD fell…

IWM

iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

, RUT

Russell 2000 Index

10:02
08/18/17
08/18
10:02
08/18/17
10:02
Technical Analysis
Technical View: Russell 2000 Index nears key technical levels »

The Russell 2000 (RUT) is…

IWM

iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

RUT

Russell 2000 Index

03/08/13
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03/06/13
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03/06/13
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10:01
08/18/17
08/18
10:01
08/18/17
10:01
General news
Consumer Sentiment Index data reported »

Consumer Sentiment Index…

QQQ

PowerShares QQQ Trust

$141.33

-2.95 (-2.04%)

10:00
08/18/17
08/18
10:00
08/18/17
10:00
Options
Defensive spread in PowerShares QQQ »

Defensive spread in…

03/08/13
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03/06/13
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10:00
08/18/17
08/18
10:00
08/18/17
10:00
General news
Breaking General news story  »

Dallas Federal Reserve…

IMUC

ImmunoCellular

$0.32

-0.0191 (-5.65%)

09:56
08/18/17
08/18
09:56
08/18/17
09:56
Conference/Events
ImmunoCellular to host conference call »

Business News Update…

03/08/13
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  • 23

    Aug

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

, EL

Estee Lauder

$102.49

4.165 (4.24%)

09:55
08/18/17
08/18
09:55
08/18/17
09:55
Options
Early notable gainers among liquid option names on August 18th »

Notable gainers among…

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

EL

Estee Lauder

$102.49

4.165 (4.24%)

NEM

Newmont Mining

$37.16

1.11 (3.08%)

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

XEC

Cimarex Energy

$96.89

0.59 (0.61%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 18

    Aug

  • 22

    Aug

  • 23

    Aug

DAL

Delta Air Lines

$47.54

0.01 (0.02%)

09:54
08/18/17
08/18
09:54
08/18/17
09:54
Upgrade
Delta Air Lines rating change  »

Follow-up: Delta Air…

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LUV

Southwest

$53.41

0.26 (0.49%)

09:54
08/18/17
08/18
09:54
08/18/17
09:54
Upgrade
Southwest rating change  »

Follow-up: Southwest…

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SWN

Southwestern Energy

09:50
08/18/17
08/18
09:50
08/18/17
09:50
Options
Opening action in Southwest Energy expiring puts »

Opening action in…

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  • 23

    Aug

  • 29

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  • 05

    Sep

HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

09:47
08/18/17
08/18
09:47
08/18/17
09:47
Recommendations
Hibbett Sports analyst commentary  »

Hibbett Sports price…

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  • 18

    Aug

MATX

Matson

$24.27

-5.08 (-17.31%)

09:46
08/18/17
08/18
09:46
08/18/17
09:46
Downgrade
Matson rating change  »

Matson downgraded to…

03/08/13
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FL

Foot Locker

$36.37

-11.335 (-23.76%)

09:46
08/18/17
08/18
09:46
08/18/17
09:46
Hot Stocks
Foot Locker says expects digital investments to accelerate into FY18 and beyond »

Says making inventory…

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  • 18

    Aug

GPS

Gap

$23.12

0.44 (1.94%)

, M

Macy's

$19.57

-0.05 (-0.25%)

09:45
08/18/17
08/18
09:45
08/18/17
09:45
Hot Stocks
Gap climbs as Old Navy performance, fewer promotions boost earnings »

Shares of Gap (GPS)…

GPS

Gap

$23.12

0.44 (1.94%)

M

Macy's

$19.57

-0.05 (-0.25%)

KSS

Kohl's

$37.06

-0.047 (-0.13%)

JCP

J.C. Penney

URBN

Urban Outfitters

$18.94

-0.82 (-4.15%)

AMZN

Amazon.com

$960.57

-17.61 (-1.80%)

JWN

Nordstrom

$44.26

-0.18 (-0.41%)

ANF

Abercrombie & Fitch

$9.42

-0.07 (-0.74%)

BKE

The Buckle

$14.05

-0.15 (-1.06%)

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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  • 18

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    Aug

  • 23

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  • 24

    Aug

  • 24

    Aug

  • 06

    Sep

  • 09

    Nov

09:45
08/18/17
08/18
09:45
08/18/17
09:45
General news
Consumer Sentiment Index to be reported at 10:00 »

Consumer Sentiment Index…

FL

Foot Locker

09:43
08/18/17
08/18
09:43
08/18/17
09:43
Technical Analysis
Technical View: Foot Locker breaks through multiple support levels »

Shares were last down…

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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  • 18

    Aug

XLI

Industrial Select Sector SPDR

, ROST

Ross Stores

$53.33

-1.04 (-1.91%)

09:40
08/18/17
08/18
09:40
08/18/17
09:40
Options
Unusually active option classes on open August 18th »

Unusual total active…

XLI

Industrial Select Sector SPDR

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

NKE

Nike

DE

Deere

SWN

Southwestern Energy

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

KORS

Michael Kors

GPS

Gap

QQQ

PowerShares QQQ Trust

$141.33

-2.95 (-2.04%)

URBN

Urban Outfitters

$18.94

-0.82 (-4.15%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 18

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  • 05

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  • 03

    Oct

  • 04

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  • 22

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