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SNAP

Snap

09:32
11/29/17
11/29
09:32
11/29/17
09:32

Snap introduces 'new and improved' Snapchat

Snap says: "Today we're announcing a new and improved Snapchat - organized around your relationships and personalized just for you! Until now, social media has always mixed photos and videos from your friends with content from publishers and creators. While blurring the lines between professional content creators and your friends has been an interesting Internet experiment, it has also produced some strange side-effects (like fake news) and made us feel like we have to perform for our friends rather than just express ourselves. The new Snapchat separates the social from the media. This means that the Chats and Stories from your friends are on the left side of Snapchat, and the Stories from publishers, creators, and the community are on the right. We've also invented something new to make Snapchat feel even more personal: the dynamic Friends page. The new Friends page to the left of the camera displays your friends based on the way you communicate with them. You can think of it as a more sophisticated Best Friends algorithm that makes it easier to find the friends you want to talk to, when you want to talk to them. The new Discover page to the right of the camera includes Stories from publishers, creators, and the community. Your subscriptions live at the top, followed by other Stories you might be interested in watching. Over time, Discover will become uniquely personalized for you. And, as always, Snapchat opens to the Camera, making it the fastest way to share a moment with friends. Separating social from media has allowed us to build the best way to communicate with friends and the best way to watch great content - while addressing many of the problems that plague the Internet today." Reference Link

SNAP Snap

11/09/17
11/09/17
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. Snap (SNAP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak noting that Instagram (FB) competition is only increasing while the company's pending app redesign creates further engagement and execution risks. 2. Square (SQ) downgraded to Neutral from Buy at Citi with analyst Peter Christiansen citing expectations the shares will take a pause following the "strong" third quarter results. 3. Sunoco (SUN) downgraded to Underweight from Neutral at MUFG with analyst Barrett Blaschke citing valuation following the company's third quarter results. 4. Meet Group (MEET) was downgraded to Market Perform from Outperform at JMP Securities and to Hold from Buy at Canaccord. 5. PFSweb (PFSW) was downgraded to Hold from Buy at Craig-Hallum and Canaccord. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/17
JMPS
11/15/17
DOWNGRADE
JMPS
Market Perform
Snap downgraded to Market Perform from Outperform at JMP Securities
11/15/17
11/15/17
DOWNGRADE

Market Perform
JMP cuts Snap to Market Perform on slower growth, redesign risk
As previously reported, JMP Securities analyst Ronald Josey downgraded Snap to Market Perform from Outperform citing its slowing daily active user growth and the risk that its pending app redesign could further impact DAUs. Slower user growth is likely to impact advertiser demand and further push out ad pricing growth, added Josey.
11/15/17
11/15/17
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. Snap (SNAP) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey citing its slowing daily active user growth and the risk that its pending app redesign could further impact DAUs. 2. Johnson Controls (JCI) downgraded to Neutral from Positive at Susquehanna with analyst Robert Barry citing rising margin pressures, a weaker earnings growth outlook and less apparent upside to multiples. 3. Cardinal Health (CAH) downgraded to Hold from Buy at Argus with analyst David Toung saying price deflation in generic drugs may continue to pressure pharma distribution margins which already fell for eight consecutive quarters. 4. Cenovus Energy (CVE) downgraded to Sector Perform from Outperform at Scotiabank. 5. TechnipFMC (FTI) downgraded to Reduce from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

VMC

Vulcan Materials

$122.21

-0.715 (-0.58%)

11:07
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Conference/Events
Vulcan Materials management to meet with SunTrust »

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FCX

Freeport McMoRan

$15.64

0.62 (4.13%)

11:05
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Options
Freeport McMoRan call volume above normal and directionally bullish »

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AGU

Agrium

$110.72

2.71 (2.51%)

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ONCE

Spark Therapeutics

$47.72

-25.66 (-34.97%)

11:04
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Spark Therapeutics rating change  »

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  • 14

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GRPN

Groupon

$5.86

0.05 (0.86%)

10:57
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Recommendations
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AMAT

Applied Materials

$51.62

0.19 (0.37%)

10:55
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Options
Applied Materials put volume heavy and directionally bearish »

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  • 09

    Jan

10:55
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12/12
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General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

ONCE

Spark Therapeutics

$47.72

-25.66 (-34.97%)

10:54
12/12/17
12/12
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Spark Therapeutics rating change  »

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  • 14

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  • 12

    Jan

GSK

GlaxoSmithKline

$35.53

0.22 (0.62%)

10:53
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FDA approves expanded use of GlaxoSmithKline's Nucala »

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  • 25

    Mar

TRIP

TripAdvisor

$35.32

0.82 (2.38%)

10:48
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TripAdvisor, ReviewPush form licensing partnership for restaurant reviews »

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OSTK

Overstock.com

$55.00

9.925 (22.02%)

, MS

Morgan Stanley

$53.09

0.32 (0.61%)

10:46
12/12/17
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Hot Stocks
Overstock rises after Morgan Stanley discloses stake ahead of crypto launch »

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OSTK

Overstock.com

$55.00

9.925 (22.02%)

MS

Morgan Stanley

$53.09

0.32 (0.61%)

BTC

Bitcoin

BITCOIN

Bitcoin

QVCA

QVC Group

$24.52

-0.27 (-1.09%)

TJX

TJX

$73.55

0.25 (0.34%)

COST

Costco

$188.86

0.79 (0.42%)

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  • 12

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    Dec

ATVI

Activision Blizzard

$63.17

0.74 (1.19%)

, EA

Electronic Arts

$107.92

2.65 (2.52%)

10:44
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Goldman ups Activision Blizzard, cuts EA in video game ratings shuffle »

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ATVI

Activision Blizzard

$63.17

0.74 (1.19%)

EA

Electronic Arts

$107.92

2.65 (2.52%)

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  • 30

    Jan

TMUS

T-Mobile

$63.07

0.53 (0.85%)

10:43
12/12/17
12/12
10:43
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Conference/Events
T-Mobile to host business news update conference call »

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  • 12

    Dec

MMM

3M

$236.76

-2.54 (-1.06%)

10:43
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12/12
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3M analyst commentary  »

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  • 12

    Dec

SQ

Square

$39.23

0.9318 (2.43%)

10:40
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Options
Sizable put buyer in Square as shares rally »

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  • 12

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WWE

WWE

$30.94

0.24 (0.78%)

10:37
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WWE management to meet with Morgan Stanley »

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  • 12

    Dec

VKTX

Viking Therapeutics

$3.97

-0.11 (-2.70%)

10:35
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Viking Therapeutics management to meet with Maxim »

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  • 12

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TSLA

Tesla

$328.91

13.78 (4.37%)

, PEP

PepsiCo

$117.97

0.58 (0.49%)

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TSLA

Tesla

$328.91

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PEP

PepsiCo

$117.97

0.58 (0.49%)

WMT

Walmart

$97.02

0.09 (0.09%)

DPSGY

Deutsche Post

$47.34

-0.26 (-0.55%)

JBHT

J.B. Hunt

$111.30

-1.21 (-1.08%)

BUD

AB InBev

$111.30

-0.12 (-0.11%)

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  • 12

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NICE

Nice

$87.68

-0.15 (-0.17%)

10:32
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Conference/Events
Nice management to meet with Oppenheimer »

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  • 12

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EA

Electronic Arts

$107.92

2.65 (2.52%)

10:30
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Electronic Arts attracts a bullish option play »

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  • 30

    Jan

10:30
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Euro$ interest rate futures are lower »

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IPGP

IPG Photonics

$206.65

1.39 (0.68%)

10:29
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IPG Photonics management to meet with Oppenheimer »

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  • 12

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EVI

EnviroStar

$31.45

0.85 (2.78%)

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EnviroStar declares 12c per share special cash dividend »

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  • 12

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KMT

Kennametal

$45.81

-0.15 (-0.33%)

10:25
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Kennametal to host investor day »

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  • 12

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RPD

Rapid7

$18.77

0.03 (0.16%)

10:24
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Rapid7 to host analyst day »

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  • 12

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