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EBAY

eBay

$35.94

-0.02 (-0.06%)

, OSTK

Overstock.com

$61.05

0.6 (0.99%)

12:43
11/24/17
11/24
12:43
11/24/17
12:43

Adobe: Black Friday online sales up 18.4% y/y as of 10:00 am ET, CNBC says

According to Adobe Analytics, consumers have spent $640M online on Black Friday as of 10:00 am ET, an 18.4% rise from last year, CNBC reports. The solid start to the holiday season's shopping frenzy continues what has already been a robust online shopping season, the report notes. On Thanksgiving evening, up until about 5:00 pm ET, shoppers spent over $1.52B, up 16.8%, the report says. Publicly traded companies in the space include Amazon.com (AMZN), Overstock.com (OSTK) and eBay (EBAY). Reference Link

EBAY

eBay

$35.94

-0.02 (-0.06%)

OSTK

Overstock.com

$61.05

0.6 (0.99%)

AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

  • 27

    Nov

  • 18

    Mar

EBAY eBay
$35.94

-0.02 (-0.06%)

10/23/17
BARD
10/23/17
NO CHANGE
Target $38
BARD
Outperform
NFL deal highlights value of eBay's StubHub, says Baird
Baird analyst Colin Sebastian believes the agreement with the National Football League highlights the increasing value of eBay's (EBAY) StubHub. The deal marks the first time an independent marketplace will be fully integrated into the league's primary ticketing system, Sebastian tells investors in an intraday research note. He believes StubHub is on track to generate nearly $1B in revenue for fiscal 2017 and that the ticket resale marketplace represents some "locked up" value for eBay. Similar to eBay's spinoff of PayPal (PYPL) in 2015, StubHub's value and competitive advantages may be underappreciated by investors, Sebastian argues. He keeps an Outperform rating on eBay shares a $38 price target.
10/20/17
10/20/17
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. eBay (EBAY) initiated with a Neutral at Guggenheim. 2. General Mills (GIS) initiated with a Hold at Jefferies. 3. Vistra Energy (VST) initiated with an Outperform at Evercore ISI. 4. American Homes 4 Rent (AMH) initiated with a Buy at Citi. 5. Stanley Black & Decker (SWK) initiated with a Buy at Northcoast. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/20/17
GUGG
10/20/17
INITIATION
GUGG
Neutral
eBay initiated with a Neutral at Guggenheim
11/13/17
BARD
11/13/17
NO CHANGE
Target $38
BARD
Outperform
Despite October traffic deceleration, eBay numbers not at risk, says Baird
Baird analyst Colin Sebastian said his proprietary tracker of sold merchandise volume on eBay showed a deceleration in October from September growth levels. He does not believe this puts the Q3 numbers at risk as he believes it is plausible that shoppers are waiting for the inevitable Thanksgiving period promotions. Sebastian maintained his Outperform rating and $38 price target on eBay shares.
OSTK Overstock.com
$61.05

0.6 (0.99%)

10/06/17
WEDB
10/06/17
NO CHANGE
Target $82
WEDB
Outperform
Academic Wayfair valuation report 'interesting, but inconclusive,' says Wedbush
Wedbush analyst Seth Basham hosted a call with Wharton and Emory business school professors who recently published an academic paper discussing methods of valuing public companies with non-subscription customer bases, notably including Wayfair (W) and Overstock.com (OSTK). He admires the work and finds it "interesting," but the lack of precision for high-growth firms make it "inconclusive" and difficult to rely upon in the case of Wayfair, Basham tells investors. The analyst, who agrees with the professors on the sensitivity of Wayfair's valuation to revenue growth, keeps an Outperform rating on the shares. The Fly notes that Citron Research, which has disclosed publicly in the past a short position in Wayfair, recently highlighted on Twitter the same academic paper on the company's valuation.
11/09/17
DADA
11/09/17
NO CHANGE
Target $85
DADA
Overstock.com price target raised to $87 on a potential sale at DA Davidson
DA Davidson analyst Tom Forte raised Buy rated Overstock's price target to $87 from $57 following management comments indicating it was considering strategic alternatives for its home e-commerce business. The analyst believes there is potential to unlock value in its two most significant assets, home e-commerce and Medici Ventures. Forte said his new price target reflects a $58 valuation for the home e-commerce business and $27 for Medici Ventures.
11/09/17
DADA
11/09/17
NO CHANGE
Target $85
DADA
Buy
Overstock.com price target raised to $87 from $57 at DA Davidson
10/25/17
DADA
10/25/17
NO CHANGE
Target $57
DADA
Buy
Overstock.com price target raised to $57 from $36 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Overstock.com to $57 following its announcement to move forward with plans for an initial coin offering. Forte says recent press speculation has suggested that the company could raise $200M-$500M in such an offering, which it will then invest in scaling its technology development and regulatory efforts. Overstock shares are up over 6% in pre-market trading on the announcement.
AMZN Amazon.com
$1,156.16

16.67 (1.46%)

11/22/17
PIPR
11/22/17
NO CHANGE
Target $70
PIPR
Overweight
Cerner/AWS partnership would be complementary, synergistic, says Piper Jaffray
Commenting on CNBC's report that Amazon Web Services (AMZN) CEO Andy Jassy plans to announce a partnership with Cerner (CERN) to offer population health predictive analytics to providers, Piper Jaffray analyst Sean Wieland says that if they can overcome patient privacy risks, the partnership will be complementary and synergistic. Further, the analyst believes the deal would also validate Cerner as a market leader in Electronic Health Records. Wieland reiterates an Overweight rating and $70 price target on Cerner's shares.
11/24/17
LEER
11/24/17
NO CHANGE
LEER
Market Perform
Cerner could get more competitive with Allscripts via Amazon pact, says Leerink
Leerink analyst David Larsen said he thinks Cerner (CERN) and Amazon (AMZN) may already have an existing relationship and the announcement teased in the report by CNBC may be to state that HealtheIntent will rely more heavily on Amazon Web Services. Improvements in Cerner's population health management platform could make it more competitive against Allscripts (MDRX), Quality Systems (QSII) and possibly athenahealth (ATHN), added Larsen, who keeps a Market Perform rating on Cerner shares.
11/24/17
RAJA
11/24/17
NO CHANGE
RAJA
Market Perform
Raymond James weighs in on potential Cerner, Amazon partnership
In research note titled "No Longer a Black Friday Bargain After AWS Partnership Speculation Surge," Raymond James analyst Nicholas Jansen says he remains comfortable with his Market Perform rating on Cerner (CERN) after CNBC reported Wednesday that the company and Amazon Web Services (AMZN) are in the late stages of discussions on a partnership. The potential partnership makes sense for both companies, as Cerner can leverage the scale and compute capabilities of AWS to bring faster data analysis to its population health platform while AWS would be adding a significant customer in an "ever important" vertical for the organization, Jansen writes. The analyst, however, believes the overall impact, at least in the near term, would "unlikely be significant from a financial perspective" for Cerner. He believes the partnership would be a bigger win for AWS growth relative to Cerner.
11/24/17
MSCO
11/24/17
NO CHANGE
MSCO
Morgan Stanley says Cerner could be Amazon's 'Trojan horse' into hospitals
Following a report that Cerner (CERN) and Amazon's (AMZN) AWS are in the final stages of partnership negotiations that would see Amazon provide cloud services for Cerner's population health product, HealtheIntent, Morgan Stanley analyst Ricky Goldwasser said a Cerner partnership could be the "Trojan horse" that helps Amazon build hospital relationships to compete against established GPOs and medical distributors. From Cerner's side, the partnership gives them a leg up in population health relative to competitors like Allscripts (MDRX) and athenahealth (ATHN), said Goldwasser, who wonders if this announcement will lead to other cloud /healthcare IT partnerships with the likes of Microsoft (MSFT) and Google (GOOGL).

TODAY'S FREE FLY STORIES

RYCEY

Rolls-Royce

13:10
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Periodicals
Rolls-Royce weighs China JV for new wide-body aircraft, Bloomberg says »

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BBT

BB&T

$53.38

0.66 (1.25%)

13:10
04/23/18
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Options
Bullish option play opened in BB&T »

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  • 24

    Apr

DHI

D.R. Horton

$43.36

0.34 (0.79%)

13:00
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04/23
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Options
DR Horton draws far upside call writing ahead of earnings »

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  • 26

    Apr

FB

Facebook

$167.80

1.51 (0.91%)

12:58
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DoubleLine's Gundlach says go short Facebook »

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  • 23

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    Apr

XOP

SPDR Oil Exploration and Production Fund

$38.82

-0.06 (-0.15%)

12:58
04/23/18
04/23
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Hot Stocks
DoubleLine's Gundlach says go long SPDR Oil Exploration and Production Fund »

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APDN

Applied DNA Sciences

12:56
04/23/18
04/23
12:56
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12:56
Initiation
Applied DNA Sciences initiated  »

Applied DNA Sciences…

03/08/13
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  • 03

    May

FB

Facebook

$167.77

1.48 (0.89%)

12:55
04/23/18
04/23
12:55
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12:55
Hot Stocks
DoubleLine's Gundlach calls apology by Facebook's Zuckerberg 'disingenuous' »

Jeffrey Gundlach, CEO,…

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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 23

    Apr

  • 25

    Apr

WPG

Washington Prime

12:50
04/23/18
04/23
12:50
04/23/18
12:50
Options
Washington Prime with notable put buying ahead of earnings »

Washington Prime with…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
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  • 26

    Apr

AAPL

Apple

$165.70

-0.01 (-0.01%)

12:48
04/23/18
04/23
12:48
04/23/18
12:48
Hot Stocks
CIRP: iPhone X demand slows as iPhone 8, 8 Plus mix climbs in March quarter »

Consumer Intelligence…

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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 01

    May

OAS

Oasis Petroleum

$10.16

0.01 (0.10%)

12:45
04/23/18
04/23
12:45
04/23/18
12:45
Options
Oasis Petroleum call volume above normal and directionally bullish »

Bullish option flow…

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

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  • 08

    May

ASND

Ascendis Pharma

$63.01

-0.82 (-1.28%)

12:45
04/23/18
04/23
12:45
04/23/18
12:45
Conference/Events
Ascendis Pharma has a conference call hosted by JPMorgan »

JPMorgan Analyst Fye will…

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

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  • 23

    Apr

  • 08

    May

  • 10

    May

CNSL

Consolidated Communications

$10.94

-0.04 (-0.36%)

12:41
04/23/18
04/23
12:41
04/23/18
12:41
Hot Stocks
Consolidated Communications launches DDoS mitigation solution »

Consolidated…

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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INCY

Incyte

$68.72

0.31 (0.45%)

, LLY

Eli Lilly

$79.47

0.38 (0.48%)

12:36
04/23/18
04/23
12:36
04/23/18
12:36
Recommendations
Incyte, Eli Lilly analyst commentary  »

Incyte AdCom meeting…

INCY

Incyte

$68.72

0.31 (0.45%)

LLY

Eli Lilly

$79.47

0.38 (0.48%)

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

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  • 23

    Apr

  • 23

    Apr

  • 24

    Apr

  • 01

    May

  • 07

    May

  • 21

    May

  • 07

    Jun

  • 07

    Jun

  • 12

    Jun

GRUB

GrubHub

$103.01

1.32 (1.30%)

12:35
04/23/18
04/23
12:35
04/23/18
12:35
Hot Stocks
Half Sky's Ran says GrubHub has 'significant room for growth' »

Says young people are…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 01

    May

  • 29

    May

  • 12

    Jun

GRUB

GrubHub

$103.59

1.9 (1.87%)

12:30
04/23/18
04/23
12:30
04/23/18
12:30
Hot Stocks
Half Sky's Ran says GrubHub is "attractive investment idea" »

Li Ran, CIO, Half Sky…

03/08/13
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03/08/13
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03/06/13
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  • 01

    May

  • 29

    May

  • 12

    Jun

LITE

Lumentum

$57.25

-1.65 (-2.80%)

12:27
04/23/18
04/23
12:27
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12:27
Hot Stocks
Lumentum falls to session lows, down 5% »

Shares of Lumentum have…

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03/08/13
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  • 02

    May

  • 29

    May

DHI

D.R. Horton

$43.22

0.2 (0.46%)

12:26
04/23/18
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Hot Stocks
Long Pond's Khoury sees D.R. Horton at $71.50 per share »

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  • 26

    Apr

12:25
04/23/18
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General news
NABE Business Conditions Survey showed strong sales expectations »

NABE Business Conditions…

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04/23/18
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Conference/Events
Leerink healthcare analysts to hold an analyst/industry conference call »

Analysts discuss dental…

PRTA

Prothena

$11.54

-25.35 (-68.72%)

, RHHBY

Roche

12:23
04/23/18
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12:23
Recommendations
Prothena, Roche analyst commentary  »

Prothena price target…

PRTA

Prothena

$11.54

-25.35 (-68.72%)

RHHBY

Roche

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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  • 23

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    Apr

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  • 21

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    May

VZ

Verizon

$48.36

0.44 (0.92%)

, T

AT&T

$34.76

0.09 (0.26%)

12:22
04/23/18
04/23
12:22
04/23/18
12:22
Earnings
On The Fly: What to watch in telecom sector earnings reports »

Verizon (VZ) is scheduled…

VZ

Verizon

$48.36

0.44 (0.92%)

T

AT&T

$34.76

0.09 (0.26%)

S

Sprint

$5.91

-0.085 (-1.42%)

TMUS

T-Mobile

$62.59

-0.51 (-0.81%)

TWX

Time Warner

$96.13

-0.1 (-0.10%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Apr

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    Apr

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    Apr

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    Apr

  • 09

    May

AMZN

Amazon.com

$1,535.44

8.05 (0.53%)

, MGM

MGM Resorts

$36.31

0.88 (2.48%)

12:21
04/23/18
04/23
12:21
04/23/18
12:21
Periodicals
'Fortnite' stream in Las Vegas peaked at 667,000 viewers on Twitch, ESPN says »

A high-profile…

AMZN

Amazon.com

$1,535.44

8.05 (0.53%)

MGM

MGM Resorts

$36.31

0.88 (2.48%)

TCEHY

Tencent

DIS

Disney

$100.22

-0.02 (-0.02%)

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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  • 26

    Apr

  • 26

    Apr

  • 08

    May

NCR

NCR Corp.

$31.52

-0.03 (-0.10%)

12:20
04/23/18
04/23
12:20
04/23/18
12:20
Options
New positions opened in NCR calls ahead of earnings »

New positions opened in…

03/08/13
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03/08/13
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DHI

D.R. Horton

$43.11

0.09 (0.21%)

12:19
04/23/18
04/23
12:19
04/23/18
12:19
Hot Stocks
Long Pond's Khoury says D.R. Horton is transforming into pure play manufacturer »

Says transformation from…

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  • 26

    Apr

MMM

3M

$217.06

-0.66 (-0.30%)

12:18
04/23/18
04/23
12:18
04/23/18
12:18
Technical Analysis
Technical Take: 3M in downtrend ahead of earnings news »

The stock has been in a…

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