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NFLX

Netflix

$171.40

2.26 (1.34%)

, DIS

Disney

$101.99

0.64 (0.63%)

13:51
08/12/17
08/12
13:51
08/12/17
13:51

Netflix could drop more than 50%, Barron's says

Netflix's (NFLX) shares could drop more than 50% as Disney (DIS) goes its own way and Amazon (AMZN) looms, Jack Hough writes in this week's edition of Barron's. Meanwhile, Facebook (FB) has launched a video service with niche shows covering sports, cooking and more, he points out.Reference Link

NFLX

Netflix

$171.40

2.26 (1.34%)

DIS

Disney

$101.99

0.64 (0.63%)

AMZN

Amazon.com

$967.99

11.07 (1.16%)

FB

Facebook

$168.08

0.68 (0.41%)

  • 16

    Aug

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    Aug

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    Aug

  • 24

    Aug

  • 24

    Aug

  • 13

    Sep

NFLX Netflix
$171.40

2.26 (1.34%)

08/09/17
MSCO
08/09/17
NO CHANGE
Target $210
MSCO
Overweight
Netflix Overweight thesis remains intact, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said Netflix's (NFLX) strategy to build its own vertically integrated global content brand will mitigate the loss of Disney (DIS). Swinburne expects some impact to Netflix's second half 2019 when Disney rolls off but said his Overweight thesis and $210 price target remain intact.
08/09/17
UBSW
08/09/17
NO CHANGE
Target $190
UBSW
Buy
UBS sees little to no impact to Netflix from Disney streaming service launch
UBS analyst Doug Mitchelson noted Disney (DIS) announced plans to launch its own streaming video service in 2019 and said it will not enter into any new licenses with Netflix (NFLX). Disney management has said they still view Netflix as a valuable partner, Mitchelson pointed out. The analyst sees little to no impact to Netflix, noting Disney's offerings will not launch for two years, Disney is adding original content, and he believes the streaming video marketplace will continue to grow. Mitchelson reiterated his Buy rating and $190 price target on Netflix shares.
08/09/17
JPMS
08/09/17
NO CHANGE
JPMS
Overweight
Disney exit unlikely to have big impact on Netflix subscribers, says JPMorgan
JPMorgan analyst Doug Anmuth does not expect Disney's (DIS) departure to have a material impact on Netflix's (NFLX) subscriber numbers. While Disney's announcement came earlier than expected, the company's move to go direct is not a surprise, Anmuth tells investors in a research note. He believes Disney (DIS) content likely accounts for a single-digit percentage of Netflix's viewing time. The analyst has an Overweight rating Netflix shares.
08/09/17
JEFF
08/09/17
NO CHANGE
Target $110
JEFF
Hold
Disney likely to create value well above Netflix deal, says Jefferies
Jefferies analyst John Janedis believes the strategic initiatives announced last night by Disney (DIS) are more likely than not to drive long-term value for the company. The potential value creation over the next five years is likely worth "well above" the implied $2B-$3B in Disney's enterprise value from the Netflix (NFLX) distribution deal, Janedis tells investors in a post-earnings research note. He keeps a Hold rating on Disney shares with a $110 price target.
DIS Disney
$101.99

0.64 (0.63%)

08/09/17
FBCO
08/09/17
NO CHANGE
Target $120
FBCO
Outperform
Disney price target lowered to $120 from $125 at Credit Suisse
Credit Suisse analyst Omar Sheikh lowered his price target for Disney to $120 from $125, while reiterating an Outperform rating on the shares. The analyst believes Disney's decision to shift its distribution strategy toward a direct to consumer model leans into the accelerating shifts in video consumption. Ahead is now a period when EPS/free cash flow growth will be diluted by investment, he notes, adding that he believes the company is laying the groundwork for a "stronger future strategically," not least by putting ESPN in a stronger position to successfully renew key sports rights in 2021/2022.
08/09/17
NEED
08/09/17
NO CHANGE
NEED
Hold
Needham applauds BAMTech acquisition by Disney
Needham analyst Laura Martin is lowering her 2018 estimates for Disney (DIS), but applauds the BAMTech acquisition as a fast-pass way to escape the U.S. TV-bundle box, albeit expensive as the former said it would be modestly dilutive for 2 years. The analyst believes that every content company must follow CBS (CBS) into the direct-to-consumer channel business to maintain growth. Rather than build it, Disney bought this capability which should accelerate time to market, Martin adds. The analyst reiterates a Hold rating on Disney's shares.
AMZN Amazon.com
$967.99

11.07 (1.16%)

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.
08/11/17
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.
FB Facebook
$168.08

0.68 (0.41%)

08/08/17
08/08/17
INITIATION
Target $230

Buy
Facebook reinstated with a Buy at Mizuho
As previously reported, Mizuho analyst James Lee reinstated Facebook with a Buy and a $230 price target, arguing that the company has the "unique advantage" of both pricing leverage due to its highly engaging ad formats and best-in-class targeting paired with inventory leverage due to ad formats and data that span its core Facebook, Instagram and mobile messaging properties.
08/11/17
PIPR
08/11/17
NO CHANGE
Target $12.5
PIPR
Neutral
With Snap 'clearly losing market share,' Piper cuts target to $12.50
Piper Jaffray analyst Samuel Kemp lowered his price target for Snap (SNAP) shares to $12.50 from $16.50 saying the company last night reported "weak revenue and mixed engagement." The shares in premarket trading are down 14%, or $1.98, to $11.79. The company's monetization continues to lag expectations in North America, partially caused by its shift of ad sales to programmatic which is causing pricing depression, Kemp tells investors in a post-earnings research note. Snap is "clearly losing market share" to Facebook's (FB) Instagram, he writes. The analyst keeps a Neutral rating on the shares.
08/07/17
MZHO
08/07/17
INITIATION
Target $230
MZHO
Facebook reinstated with a Buy at Mizuho
Mizuho analyst James Lee reinstated Facebook with a Buy and a $230 price target.

TODAY'S FREE FLY STORIES

HOG

Harley-Davidson

$47.26

-0.42 (-0.88%)

, PII

Polaris Industries

$123.17

-0.41 (-0.33%)

11:43
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Conference/Events
Wedbush leisure analyst holds an analyst/industry luncheon meeting »

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HOG

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-0.42 (-0.88%)

PII

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-0.41 (-0.33%)

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PEP

PepsiCo

$115.91

0.83 (0.72%)

11:40
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NSANY

Nissan

$19.10

-0.07 (-0.37%)

11:36
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    Jan

ECYT

Endocyte

$4.82

0.07 (1.47%)

, PGNX

Progenics

$5.59

0.06 (1.09%)

11:35
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11/24
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ECYT

Endocyte

$4.82

0.07 (1.47%)

PGNX

Progenics

$5.59

0.06 (1.09%)

03/08/13
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CBI

CB&I

$15.46

-0.16 (-1.02%)

11:35
11/24/17
11/24
11:35
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11:35
Options
CB&I put volume heavy and directionally bearish »

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AAPL

Apple

$174.96

1.82 (1.05%)

11:20
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11/24
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Active trading in Apple expiring options »

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DIS

Disney

$102.78

0.04 (0.04%)

, VIAB

Viacom

$26.68

-0.58 (-2.13%)

11:19
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11/24
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DIS

Disney

$102.78

0.04 (0.04%)

VIAB

Viacom

$26.68

-0.58 (-2.13%)

LGF.B

Lionsgate

$31.68

0.355 (1.13%)

SNE

Sony

$47.92

0.7 (1.48%)

LGF.A

Lionsgate

$33.31

0.33 (1.00%)

FOXA

21st Century Fox

$30.61

-0.27 (-0.87%)

FOX

21st Century Fox

$29.94

-0.16 (-0.53%)

CMCSK

Comcast

CMCSA

Comcast

$36.41

-0.01 (-0.03%)

TWX

Time Warner

$89.91

-0.1 (-0.11%)

VIA

Viacom

$32.90

-0.45 (-1.35%)

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

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  • 28

    Nov

$NSD

NASDAQ Market Internals

11:17
11/24/17
11/24
11:17
11/24/17
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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03/06/13
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$NYE

NYSE Market Internals

11:16
11/24/17
11/24
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Technical Analysis
NYSE market internals summary »

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GNC

GNC Holdings

$5.65

0.2 (3.67%)

11:15
11/24/17
11/24
11:15
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Options
GNC Holdings put volume heavy and directionally bearish »

Bearish flow noted in GNC…

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03/06/13
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OSTK

Overstock.com

$61.05

0.6 (0.99%)

11:05
11/24/17
11/24
11:05
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11:05
Options
Overstock com call volume above normal and directionally bullish »

Bullish option flow…

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M

Macy's

$21.56

0.93 (4.51%)

10:50
11/24/17
11/24
10:50
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10:50
Options
Macy's calls outpace puts 2:1 as shares see strength »

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  • 18

    Mar

GM

General Motors

$44.37

0.075 (0.17%)

10:40
11/24/17
11/24
10:40
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10:40
Options
10K GM Dec 44 calls sold at $1.20 »

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M

Macy's

$21.57

0.9366 (4.54%)

10:38
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Technical View: Macy's ticks top of downtrend resistance line »

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  • 18

    Mar

MSON

Misonix

$10.58

0.025 (0.24%)

10:36
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Breaking Hot Stocks news story on Misonix »

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TCEHY

Tencent

$54.89

-1.01 (-1.81%)

, NTDOY

Nintendo

$50.55

0.72 (1.44%)

10:35
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Tencent denies rumor of Nintendo gaming JV in China, Marbridge Daily says »

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TCEHY

Tencent

$54.89

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NTDOY

Nintendo

$50.55

0.72 (1.44%)

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AMZN

Amazon.com

$1,175.50

19.08 (1.65%)

10:34
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  • 18

    Mar

UEPS

Net 1 UEPS

$12.28

2.16 (21.34%)

10:30
11/24/17
11/24
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Options
Notable new position opened in Net 1 Ueps Tech as shares stumble »

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FORR

Forrester

$46.55

-0.15 (-0.32%)

10:25
11/24/17
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Conference/Events
Forrester management to meet with Sidoti »

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  • 29

    Nov

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  • 05

    Dec

MRO

Marathon Oil

$15.04

0.161 (1.08%)

10:25
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Options
Marathon Oil call volume above normal and directionally bullish »

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  • 28

    Nov

GRC

Gorman-Rupp

$32.18

-0.29 (-0.89%)

10:24
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Conference/Events
Gorman-Rupp management to meet with Sidoti »

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  • 29

    Nov

SKYW

SkyWest

$50.40

-1 (-1.95%)

10:22
11/24/17
11/24
10:22
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Conference/Events
SkyWest management to meet with Sidoti »

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  • 29

    Nov

SFTBF

SoftBank

$86.40

0.88 (1.03%)

10:21
11/24/17
11/24
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Periodicals
Uber informed SoftBank about data breach before going public, NY Post reports »

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$NSD

NASDAQ Market Internals

10:17
11/24/17
11/24
10:17
11/24/17
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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KNL

Knoll

$20.77

0.14 (0.68%)

10:16
11/24/17
11/24
10:16
11/24/17
10:16
Conference/Events
Knoll management to meet with Sidoti »

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  • 29

    Nov

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