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AMZN

Amazon.com

$956.92

-25.09 (-2.56%)

, SFTBF

SoftBank

$79.48

-0.52 (-0.65%)

07:10
08/11/17
08/11
07:10
08/11/17
07:10

Amazon, SoftBank investing big in battle for India, WSJ says

While SoftBank (SFTBF) prepares to invest roughly $2.5B into Flipkart, India's homegrown e-commerce leader, Amazon (AMZN) is investing $5B to expand its own operations in the country, seen as "one of the last great untapped internet economies," said The Wall Street Journal. The investment by SoftBank, the value of which was related to the Journal by a person familiar with the matter, in Flipkart follows $1.4B raised by the Indian e-commerce company in April from Tencent (TCEHY), eBay (EBAY) and Microsoft (MSFT), the report noted. Reference Link

AMZN

Amazon.com

$956.92

-25.09 (-2.56%)

SFTBF

SoftBank

$79.48

-0.52 (-0.65%)

TCEHY

Tencent

$40.61

-1.695 (-4.01%)

MSFT

Microsoft

$71.41

-1.06 (-1.46%)

EBAY

eBay

$34.99

-1.09 (-3.02%)

  • 16

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    Aug

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    Aug

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    Aug

  • 05

    Sep

AMZN Amazon.com
$956.92

-25.09 (-2.56%)

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.
08/10/17
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.
08/11/17
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.
08/11/17
JPMS
08/11/17
NO CHANGE
JPMS
Overweight
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.
SFTBF SoftBank
$79.48

-0.52 (-0.65%)

08/23/16
JPMS
08/23/16
UPGRADE
JPMS
Overweight
SoftBank upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jun Tanabe upgraded SoftBank (SFTBF) to Overweight from Neutral and raised his price target on the stock to Y9,930 from Y6,500, citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business.
08/23/16
08/23/16
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. Square (SQ) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying he now feels more confident in the company's growth and profitability outlook and its competitive position following three quarters of consistent execution. 2. BHP Billiton (BHP) upgraded to Buy from Hold at Jefferies with analyst Christopher LaFemina saying he believes fundamentals have "clearly improved," citing supply that has declined in most cases and demand that has stabilized. 3. SoftBank (SFTBF) upgraded to Overweight from Neutral at JPMorgan with analyst Jun Tanabe citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business. 4. Allscripts (MDRX) upgraded to Outperform from Market Perform at Leerink with analyst David Larsen saying he believes that the company's core fundamentals are improving "significantly." 5. Westlake Chemical (WLK) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying that the company's merger with Axiall (AXLL) "creates a new way to play chlor-alkali," as well as synergies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/07/16
OPCO
12/07/16
NO CHANGE
Target $70
OPCO
Outperform
T-Mobile price target raised to $70 from $55 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for T-Mobile (TMUS) to $70 from $55 as he views it as the best way to play the deregulatory/technology driven consolidation. The analyst notes that President-Elect Trump met with Masayoshi Son of SoftBank (SFTBF), who agreed to invest $50B in the U.S. Horan believes the meeting will likely be a precursor to a Sprint (S)/T-Mobile/Dish (DISH) merger to create a discounted quad-play service company. The analyst reiterates an Outperform rating on T-Mobile' shares, and points out that the company has improved its network and taken share from AT&T (T)/Verizon (VZ).
TCEHY Tencent
$40.61

-1.695 (-4.01%)

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.
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
BNCH
Buy
Tencent initiated with a Buy at Benchmark
Benchmark analyst Fawne Jiang initiated Tencent with a Buy rating and HK$285 price target.
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.
MSFT Microsoft
$71.41

-1.06 (-1.46%)

07/21/17
STFL
07/21/17
NO CHANGE
STFL
Microsoft should be bought on any weakness, says Stifel
Stifel analyst Brad Reback says that Microsoft reported "strong" Q4 results, as he noted that the growth of its cloud business, Azure, accelerated to 98% year-over-year, while its commercial bookings surged 30% year-over-year. He expects the company's operating profit and free cash flow to accelerate in coming quarters and raised his price target to $80 from $73 while keeping a Buy rating. .
07/21/17
RAJA
07/21/17
NO CHANGE
Target $84
RAJA
Strong Buy
Microsoft price target raised to $84 from $77 at Raymond James
Raymond James analyst Michael Turits raised Microsoft's price target to $84 and reiterated his Strong Buy rating following the across-the-board Q4 beat on strong commercial bookings and cloud results. The analyst trimmed FY18 and FY19 earnings on the down margin guidance and higher taxes but expects margin expansion in FY19 as cloud margins continue to rise.
08/07/17
FBCO
08/07/17
NO CHANGE
Target $84
FBCO
Outperform
Microsoft new accounting standards to have little impact, says Credit Suisse
Credit Suisse analyst Michael Nemeroff notes that Microsoft recently hosted a conference call to discuss its new reporting standards to reflect ASC 606 and ASC 842, which will be in effect starting with Q1 results. The analyst estimates little to no impact to his 2018 and 2019 estimates given this accounting update. However, there is higher volatility in quarterly revenue with different seasonality patterns throughout the year versus the prior standard, he adds. Nemeroff reiterates an Outperform rating and $84 price target on the shares.
07/28/17
DBAB
07/28/17
DOWNGRADE
Target $180
DBAB
Hold
MicroStrategy downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Karl Keirstead downgraded MicroStrategy (MSTR) to Hold and cut his price target for the shares to $180 from $220 citing the "disappointing" Q2 results as well as the company's strategy shift. Last night's results marked the third consecutive quarter of license revenue declines, Keirstead tells investors in post-earnings research note. MicroStrategy is now pivoting to a "much more aggressive" spending strategy in response to competition from Tableau (DATA) and Microsoft (MSFT), the analyst adds. He believes the stock has more downside risk.
EBAY eBay
$34.99

-1.09 (-3.02%)

08/07/17
MZHO
08/07/17
INITIATION
Target $34
MZHO
Underperform
eBay reinstated with an Underperform at Mizuho
Mizuho analyst James Lee reinstated eBay with an Underperform and a $34 price target.
07/21/17
BARD
07/21/17
NO CHANGE
Target $38
BARD
Outperform
eBay results show platform initiatives remain on track, says Baird
Baird analyst Colin Sebastian noted eBay reported solid Q2 results, which suggests its platform initiatives remain on track. He noted an acceleration in core Marketplace performance, growth in new buyers and buying activity, improved seller activity, and management's reiteration of guidance. Sebastian reiterated his Outperform rating on eBay shares.
07/21/17
UBSW
07/21/17
NO CHANGE
Target $42
UBSW
Buy
eBay results demonstrating improving user growth, engagement, says UBS
UBS analyst Eric Sheridan noted eBay reported solid results for the third quarter in a row by demonstrating improving engagement trends, stable to improving conversion, improved returns on investment, and re-accelerating user growth. Sheridan reiterated his Buy rating and raised his price target to $42 from $38 on eBay shares.

TODAY'S FREE FLY STORIES

V

Visa

$103.20

-0.87 (-0.84%)

13:40
08/23/17
08/23
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08/23/17
13:40
Options
Put buyer pays up for 9 day Visa hedge »

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DAL

Delta Air Lines

$46.09

-1.065 (-2.26%)

, AAL

American Airlines

$45.41

-0.3 (-0.66%)

13:40
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08/23
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13:40
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Airline shares clobbered after Iceland's WOW escalates trans-Atlantic rumble »

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DAL

Delta Air Lines

$46.09

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AAL

American Airlines

$45.41

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ALK

Alaska Air

$75.19

-1.92 (-2.49%)

LUV

Southwest

$51.96

-1.47 (-2.75%)

UAL

United Continental

$62.90

-1.8 (-2.78%)

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KKR

KKR

$18.56

-0.085 (-0.46%)

13:31
08/23/17
08/23
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13:31
Periodicals
KKR considers sale of French gas-fired power plants, Reuters reports »

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TSEM

Tower Semiconductor

$27.12

0.7 (2.65%)

13:30
08/23/17
08/23
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13:30
Options
Bullish flow in Tower Semi as shares set 52-week highs »

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13:30
08/23/17
08/23
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General news
NY Fed accepted $169.8 B in daily reverse repos »

NY Fed accepted $169.8 B…

OMER

Omeros

$21.29

0.49 (2.36%)

13:22
08/23/17
08/23
13:22
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13:22
Periodicals
Omeros 'still won't answer basic questions,' STAT's Feuerstein says »

Omeros' press…

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PUB

People's Utah Bancorp

$27.00

0.05 (0.19%)

13:20
08/23/17
08/23
13:20
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13:20
Hot Stocks
People's Utah Bancorp CEO sells 12,170 common shares »

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CTL

CenturyLink

$20.44

0.54 (2.71%)

13:20
08/23/17
08/23
13:20
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13:20
Options
Second day of interest in CenturyLink September puts »

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PETS

PetMed Express

$39.41

-2.32 (-5.56%)

13:17
08/23/17
08/23
13:17
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13:17
Hot Stocks
PetMed Express tells Bloomberg Aurelius report 'false and defamatory' »

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  • 14

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$NSD

NASDAQ Market Internals

13:17
08/23/17
08/23
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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SRE

Sempra Energy

$118.03

-0.25 (-0.21%)

13:16
08/23/17
08/23
13:16
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13:16
Conference/Events
Sempra Energy to host conference call »

Conference call to…

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$NYE

NYSE Market Internals

13:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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13:15
08/23/17
08/23
13:15
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13:15
General news
Jackson Hole outlook: »

Jackson Hole outlook: the…

CAVM

Cavium

$60.98

0.84 (1.40%)

13:15
08/23/17
08/23
13:15
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13:15
Conference/Events
Cavium has a conference call hosted by William Blair »

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PETS

PetMed Express

$39.41

-2.32 (-5.56%)

13:12
08/23/17
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13:12
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13:12
Recommendations
PetMed Express analyst commentary  »

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SIX

Six Flags

$51.97

-1.25 (-2.35%)

, DIS

Disney

$102.04

-0.73 (-0.71%)

13:06
08/23/17
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13:06
Hot Stocks
Six Flags Magic Mountain to launch 365-day operation on January 1 »

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SIX

Six Flags

$51.97

-1.25 (-2.35%)

DIS

Disney

$102.04

-0.73 (-0.71%)

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S

Sprint

$8.29

0.065 (0.79%)

, SSNLF

Samsung

$2,030.00

-70 (-3.33%)

13:05
08/23/17
08/23
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13:05
Hot Stocks
Samsung Galaxy Note8 coming to Sprint for $20 a month »

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S

Sprint

$8.29

0.065 (0.79%)

SSNLF

Samsung

$2,030.00

-70 (-3.33%)

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WSM

Williams-Sonoma

$43.04

0.19 (0.44%)

13:05
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13:05
Options
Williams Sonoma call volume above normal and directionally bullish »

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MSI

Motorola Solutions

$86.67

0.26 (0.30%)

, ZURVY

Zurich Insurance

$30.34

-0.04 (-0.13%)

13:04
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Hot Stocks
Motorola Solutions names Troy Mattern as head of product cybersecurity »

Motorola Solutions (MSI)…

MSI

Motorola Solutions

$86.67

0.26 (0.30%)

ZURVY

Zurich Insurance

$30.34

-0.04 (-0.13%)

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  • 29

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HPQ

HP Inc.

$18.91

-0.115 (-0.60%)

, HPE

HP Enterprise

$17.69

0.02 (0.11%)

12:56
08/23/17
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12:56
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12:56
Earnings
On The Fly: What to watch in HP Inc.'s earnings report »

HP Inc. (HPQ) is…

HPQ

HP Inc.

$18.91

-0.115 (-0.60%)

HPE

HP Enterprise

$17.69

0.02 (0.11%)

LNVGY

Lenovo

$11.13

-0.07 (-0.63%)

03/08/13
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BABA

Alibaba

$173.90

-0.562 (-0.32%)

12:55
08/23/17
08/23
12:55
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12:55
Periodicals
Breaking Periodicals news story on Alibaba »

Alibaba mentioned…

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ON

ON Semiconductor

$16.04

0.29 (1.84%)

12:55
08/23/17
08/23
12:55
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12:55
Periodicals
Breaking Periodicals news story on ON Semiconductor »

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  • 08

    Sep

KRO

Kronos Worldwide

$19.25

-0.25 (-1.28%)

12:55
08/23/17
08/23
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12:55
Periodicals
Breaking Periodicals news story on Kronos Worldwide »

Kronos Worldwide…

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12:55
08/23/17
08/23
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12:55
General news
U.S. VIX equity volatility is up 4% near 11.82 »

U.S. VIX equity…

HCCI

Heritage-Crystal Clean

$18.15

-0.05 (-0.27%)

12:54
08/23/17
08/23
12:54
08/23/17
12:54
Periodicals
Breaking Periodicals news story on Heritage-Crystal Clean »

Heritage-Crystal Clean…

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