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TWTR

Twitter

$17.76

0.16 (0.91%)

, MSFT

Microsoft

$75.44

0.28 (0.37%)

17:05
09/19/17
09/19
17:05
09/19/17
17:05

Twitter names Patrick Pichette to Board of Directors

Twitter (TWTR) announced the appointment of Patrick Pichette to the company's Board of Directors as a new independent director, effective December 1, 2017. Pichette is expected to join both the Audit and Compensation Committees of the Board. Separately, Hugh Johnston has accepted a new director role on the Board of Directors at Microsoft (MSFT), and will resign his seat on the Twitter Board, effective October 1, 2017. Pichette has nearly 20 years of experience in financial operations and management in the technology and telecommunications sector. He most recently served as CFO of Google (GOOG, GOOGL) a role he held from August 2008 until his retirement in May 2015.

TWTR

Twitter

$17.76

0.16 (0.91%)

MSFT

Microsoft

$75.44

0.28 (0.37%)

GOOG

Alphabet

$921.81

6.81 (0.74%)

GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

  • 22

    Sep

  • 02

    Oct

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    Oct

  • 29

    Nov

TWTR Twitter
$17.76

0.16 (0.91%)

08/25/17
JEFF
08/25/17
DOWNGRADE
Target $16
JEFF
Hold
Jefferies cuts Twitter with Google, Facebook and Snap preferred in social video
As previously reported, Jefferies analyst Brent Thill downgraded Twitter (TWTR) to Hold from Buy in a note to investors after the market close yesterday, stating that he prefers Google (GOOGL), Facebook (FB) and Snap (SNAP) as plays on the digital video transition occurring across the social media space. Thill, who thinks Twitter will underperform broader internet and social peers, acknowledged that investors might ask why he is not advising to sell the stock, but he thinks recent management changes could improve the company's declining ARPU in the near-term. Thill lowered his price target on Twitter shares to $16 from $20.
08/25/17
08/25/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Hold from Buy at Jefferies by analyst Brent Hill, who prefers Google (GOOGL), Facebook (FB) and Snap (SNAP) as plays on the digital video transition occurring across the social media space. Thill, who thinks Twitter will underperform broader internet and social peers, acknowledged that investors might ask why he is not advising to sell the stock, but he thinks recent management changes could improve the company's declining ARPU in the near-term. 2. Ulta Beauty (ULTA) downgraded to Market Perform from Outperform at BMO Capital by analyst Shannon Coyne, who said that there are bright spots ahead for the company, but sees "clouds on the horizon" looking ahead, including a slowing beauty market and department stores that are "upping their collective game." 3. Hormel Foods (HRL) downgraded to Neutral from Outperform at Credit Suisse by analyst Robert Moskow, who said increased volatility in the protein markets has reduced earnings visibility and his confidence in FY2020 margin targets of 15-19%. Moskow sees further risk from the pork industry's 10% expansion in slaughter capacity. 4. TripAdvisor (TRIP) and Shutterstock (SSTK) downgraded to Underperform from Hold at Jefferies. 5. Domino's Pizza (DPZ) downgraded to Hold from Buy at Argus by analyst John Staszak due to concerns about slowing international revenue combined with a potential for a comparable slowdown in domestic sales. The analyst now expects Domino's to post mid-single-digit comp growth following years of double-digit growth and believes margin gains will be limited going forward as the company invests in the business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/30/17
AGIS
08/30/17
NO CHANGE
AGIS
Aegis sees signs of start of advertising recession
After speaking with Bryan Wiener, the Executive Chairman of online and traditional advertising agency 360i, Aegis analyst Victor Anthony said that his commentary, along with earnings results from ad agencies Interpublic Group (IPG) and WPP (WPPGY), leave him of the opinion that an ad recession is underway. Wiener believes Google (GOOG), Facebook (FB) and Amazon (AMZN) will be relatively insulated given they will continue to take share, and Anthony said he would continue to buy Alphabet and Facebook shares. The analyst keeps a Hold rating on Snap (SNAP) and a Sell rating on Twitter (TWTR).
08/31/17
WEDB
08/31/17
INITIATION
Target $12
WEDB
Neutral
Wedbush cites Snap's 'hugely unprofitable' history in Neutral initiation report
Wedbush analyst Michael Pachter initiated Snap (SNAP) last night with a Neutral rating and $12 price target. The shares closed yesterday down 3c to $14.96. Decelerating growth trends, "fierce" competition for user mindshare and advertiser dollars, and a history of being "hugely unprofitable" justify being on the sidelines with respect to the shares, Pachter tells investors in a research note. He notes his $12 price target reflects a slight premium to Twitter's (TWTR) multiple, since Snap "appears to have a longer runway for continued growth," and a discount to Facebook's (FB) multiple, a company with "superior monetization and growth trends."
MSFT Microsoft
$75.44

0.28 (0.37%)

09/06/17
MOFT
09/06/17
INITIATION
Target $81
MOFT
Neutral
Microsoft initiated with a Neutral at MoffettNathanson
MoffettNathanson analyst Adam Holt initiated Microsoft with a Neutral and a $81 price target due to limited earnings growth potential. Holt said his proprietary cost modeling and CAPX analysis leaves him below consensus for margins and results in mid-single digit earnings growth at best, and sees limited room for valuation expansion.
09/07/17
OPCO
09/07/17
NO CHANGE
Target $80
OPCO
Outperform
Microsoft new accounting standards changes revenue timing, says Oppenheimer
Oppenheimer analyst Timothy Horan says Microsoft's adoption of new accounting standards changes the timing and recognition of revenue but not the underlying mechanics when calculating guidance methodology. Sales practices, customer billing and business strategy remain unaffected by the new accounting standards, he adds. Horan reiterates an Outperform rating and $80 price target on the shares.
09/11/17
WELS
09/11/17
NO CHANGE
WELS
Audience extension could drive LinkedIn budget share higher, says Wells Fargo
Wells Fargo analyst Peter Stabler notes that Microsoft LinkedIn is now distributing Sponsored Content ads via third-party sites and apps and ad exchanges. His checks with marketing developers suggest LinkedIn maintains low-single-digit share of social marketing budgets. Beta testing suggests "significant lift" in impression and click volumes, and Stabler believes audience extension could drive LinkedIn's budget share higher.
09/11/17
KEYB
09/11/17
NO CHANGE
Target $82
KEYB
Overweight
KeyBanc remains bullish on Microsoft on sustained cloud momentum
KayBanc analyst Brent Bracelin remains bullish on Microsoft as a core technology holding as the commercial cloud segment should reach critical mass in the coming year, exceeding a $20B run-rate, and free cash flow power could expand to $6 per share within four years. The analyst reiterates an Overweight rating and $82 price target on the shares.
GOOG Alphabet
$921.81

6.81 (0.74%)

09/12/17
MSCO
09/12/17
NO CHANGE
MSCO
Augmented Reality the next 'killer app' to power Apple, says Morgan Stanley
A team of Morgan Stanley analysts including Katy Huberty, Brian Nowak and Grace Chen, among others, state in a new note to investors that they view Augmented Reality, or AR, as a revolutionary trend that can be "the next killer app" to extend the life of the smartphone market and accelerate device upgrades, led by Apple's (AAPL) iPhone. The analysts, who compare the impact of AR to the launch of Apple's App Store nearly a decade ago, add that they "don't expect the Android ecosystem to stand still in response." Huberty and the team raised the firm's "bull case" valuation of Apple, which they see taking the lead in AR, to $253 from $203. While they see Apple as "the clear leader" in AR, Google (GOOG) and Tencent (TCEHY) are also well-positioned and "interesting use cases" in e-commerce could benefit Alibaba (BABA) and Amazon (AMZN), they add.
09/14/17
BARD
09/14/17
NO CHANGE
Target $1100
BARD
Outperform
Alphabet TAC cost may moderate in coming quarters, says Baird
Baird analyst Colin Sebastian said his analysis suggests traffic acquisition cost, or TAC, headwinds for Google may moderate in coming quarters. He believes Alphabet shares have been range bound due to TAC-related margin pressures, but they could moderate earlier than many investors anticipate, in part due to the company lapping distribution agreements. Sebastian reiterated his Outperform rating and $1,100 price target on Alphabet shares.
09/18/17
MSCO
09/18/17
NO CHANGE
MSCO
Underweight
Ford's new leaders may be better positioned for Waymo deal, says Morgan Stanley
Morgan Stanley analyst Adam Jonas previewed Ford's (F) strategic update scheduled for October 3, calling it an important event that could have a potentially significant impact on the perception of the company's long-term direction. Noting prior media reports about talks between Ford and Google (GOOG) on autonomous cars that reportedly fell apart in 2016, Jonas opined that Ford's new leadership may be better positioned to potentially negotiate a partnership with Alphabet's autonomous car division Waymo, but he noted that the companies have not said whether they are currently considering a deal. Ford may not have the same type of brands as Fiat Chrysler (FCAU) that are conducive to potential carve-outs, but Jonas would not exclude the potential for it to conduct a review of its portfolio as part of its strategy to become a mobility company, he added.
09/19/17
KEYB
09/19/17
NO CHANGE
KEYB
KeyBanc remains positive on Activision Blizzard, Electronic Arts
KeyBanc analyst Evan Wingren remains positive on Activision Blizzard (ATVI), Electronic Arts (EA), and Take-Two (TTWO) after attending eSCon, a small eSports conference in Los Angeles. The analyst believes interest and momentum in the space remains high, and continues to think the majority of the economics in the industry will accrue to IP owners and scaled technology partners. Therefore, Wingren continues to see the publishers as well-positioned, as well as Amazon's (AMZN) Twitch, Google's (GOOG; GOOGL) YouTube, and Facebook (FB).
GOOGL Alphabet Class A
$936.86

7.11 (0.76%)

09/11/17
RBCM
09/11/17
NO CHANGE
RBCM
Alphabet TAC expense could rise due to EU regulatory action, says RBC Capital
RBC Capital analyst Mark S.F. Mahaney says that the EU could force Google to unbundle Android from its other services, which in turn would increase Alphabet's traffic acquisition costs, or TAC. The analyst says that Alphabet faces the greatest regulatory risk among the large cap Internet stocks. However, he keeps an Outperform rating on the shares, citing what he sees as " sustainable & scarce premium growth, significant option value & reasonable valuation."

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PRAH

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$81.19

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WYN

Wyndham

$107.98

-0.58 (-0.53%)

, MSCC

Microsemi

$68.74

0.005 (0.01%)

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Breaking Hot Stocks news story on Wyndham, Microsemi »

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ABMD

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$394.49

0.04 (0.01%)

, WYN

Wyndham

$107.98

-0.58 (-0.53%)

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PCG

PG&E

$44.67

0.84 (1.92%)

17:16
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Periodicals
CA Forestry Dept rules PG&E equipment responsible for wildfires, Bloomberg says »

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FARM

Farmer Bros.

$28.50

0.15 (0.53%)

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NDLS

Noodles & Company

$8.90

-0.35 (-3.78%)

17:07
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WIN

Windstream

$1.22

-0.125 (-9.29%)

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NDLS

Noodles & Company

$8.90

-0.35 (-3.78%)

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EPD

Enterprise Products

$27.87

-0.12 (-0.43%)

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INO

Inovio

$4.89

0.06 (1.24%)

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RCII

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AKER

Akers Biosciences

$0.59

0.0086 (1.48%)

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DHCP

Ditech

$6.60

0.37 (5.94%)

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GPS

Gap

$28.15

-4.82 (-14.62%)

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HLF

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IEP

Icahn Enterprises

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FCAU

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DGX

Quest Diagnostics

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UNH

UnitedHealth

$244.96

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ROST

Ross Stores

$77.35

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ADSK

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AAL

American Airlines

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LUV

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DAL

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16:30
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Options
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VTL

Vital Therapies

$5.65

-0.475 (-7.76%)

16:26
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VTL

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$5.65

-0.475 (-7.76%)

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LNC

Lincoln National

$68.89

-0.555 (-0.80%)

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DGLY

Digital Ally

$2.63

0.075 (2.94%)

16:23
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SNGX

Soligenix

$1.58

-0.005 (-0.32%)

16:23
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Breaking Syndicate news story on Soligenix »

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HF

HFF Inc.

$35.34

0.08 (0.23%)

16:21
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  • 30

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/25/18
05/25
16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for May 25th »

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