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AMZN

Amazon.com

$953.29

-5.18 (-0.54%)

15:46
08/22/17
08/22
15:46
08/22/17
15:46

Amazon to bring 1000 jobs to Stockton with new 600K sq ft. facility

According to a tweet from Stockton, California Mayor Michael Tubbs, Amazon is planning a new 600,000 sq. ft. facility in Stockton that will add 1000 jobs. Reference Link

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AMZN Amazon.com
$953.29

-5.18 (-0.54%)

08/22/17
08/22/17
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. Alibaba (BABA) upgraded to Overweight from Neutral by Atlantic Equities analyst James Cordwell, who said the company's Q1 report "clearly demonstrated" how Alibaba can leverage its scale to gain e-commerce share. The recent strong execution likely also builds confidence in the company's ability to execute on other long-term opportunities, such as international expansion, omnichannel retail, and the cloud. 2. VMware (VMW) upgraded to Buy from Hold at Deutsche Bank with analyst Karl Keirstead citing growing evidence that large enterprises are embracing a hybrid model, which reduces his view of the risk to VMware from the threat of adoption of the cloud and Amazon Web Services (AMZN). His recent checks indicate that VMware technology is proving more durable than he would have thought 12-18 months ago. 3. Estee Lauder (EL) upgraded to Buy from Hold at Argus with analyst John Staszak telling investors the company continues to benefit from strong demand for high-end beauty products. 4. Tempur Sealy (TPX) upgraded to Buy from Hold at Stifel. Analyst John Baugh said he's surprised how quickly the company has recovered from the loss of its deal with Mattress Firm, as Tempur Sealy's margins are exceeding expectations and its direct business is growing more quickly than expected. 5. 58.com (WUBA) upgraded to Buy from Hold at Deutsche Bank, with analyst Alvin Jiang saying the company's quarterly earnings proved the company's strong execution regardless of macro volatility. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/22/17
MSCO
08/22/17
NO CHANGE
MSCO
Morgan finds nearly 25% have tried online, but 'stores still matter' in grocery
Morgan Stanley analysts Vincent Sinisi and Brian Nowak said the firm's survey work shows that 24% of people have ordered groceries online at least once in the last 3 months, but that was mostly through traditional grocers' websites. Also, they believe share of wallet is materially lower, likely in the low single digits in terms of overall penetration. The survey findings lead them to conclude that "brick and mortar matters in grocery," which speaks to why Amazon (AMZN) is trying to acquire Whole Foods (WFM). The need for e-commerce expansion could pressure margins for traditional operators like Kroger (KR), the analysts add.
08/22/17
FBCO
08/22/17
NO CHANGE
FBCO
Facebook at top of investors preferences in consumer internet sector, says Credit Suisse
According to conversations he had over the last few weeks, Credit Suisse analyst Stephen Ju says not much has changed in positioning around long-term investment theses, with earnings results driving the willingness to upside/downsize. Hence investors' most favored list has shifted to number 1 Facebook (FB), number 2 Amazon (AMZN), and number 3 Google (GOOG; GOOGL), he said. Away from the large caps, the analyst notes that MercadoLibre (MELI) as well as the videogame stocks remain popular topics for discussion, with increasing activity in Take-Two (TTWO) relative to Activision Blizzard (ATVI) and Electronic Arts (EA).
08/22/17
DBAB
08/22/17
UPGRADE
Target $120
DBAB
Buy
VMware upgraded to Buy on receding AWS fears at Deutsche Bank
As previously reported, Deutsche Bank analyst Karl Keirstead upgraded VMware (VMW) to Buy from Hold, citing growing evidence that large enterprises are embracing a hybrid model, which reduces his view of the risk to VMware from the threat of adoption of the cloud and Amazon Web Services (AMZN). His recent checks indicate that VMware technology is proving more durable than he would have thought 12-18 months ago as enterprises migrate workloads to the public cloud at a slower than expected pace, Keirstead tells investors. He raised his price target on VMware shares to $120 from $110.

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