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AMZN

Amazon.com

$1,193.60

-2.23 (-0.19%)

, FB

Facebook

$182.42

-0.61 (-0.33%)

11:50
11/29/17
11/29
11:50
11/29/17
11:50

Technical View: S&P 500 in the red as 'FANG' names sell off

The S&P 500 (SPX) was last at 2623.02, down 0.1% on the day after hitting a new life high at 2634.89. At current price initial round-number support is at the 2620 area. The intersection of the support line in place since the August lows is at the 2605 area. Resistance is at the 2630 area.

AMZN

Amazon.com

$1,193.60

-2.23 (-0.19%)

FB

Facebook

$182.42

-0.61 (-0.33%)

GOOGL

Alphabet Class A

$1,063.29

-8.72 (-0.81%)

AAPL

Apple

$173.07

-1.02 (-0.59%)

SPY

SPDR S&P 500 ETF Trust

$262.72

-0.15 (-0.06%)

SPX

S&P 500

  • 29

    Nov

  • 29

    Nov

  • 04

    Dec

  • 18

    Mar

AMZN Amazon.com
$1,193.60

-2.23 (-0.19%)

11/29/17
RBCM
11/29/17
UPGRADE
Target $96
RBCM
Sector Perform
Wal-Mart upgraded to Sector Perform at RBC Capital on investment prospects
As reported earlier, RBC Capital analyst Scot Ciccarelli upgraded Wal-Mart (WMT) to Sector Perform from Underperform and raised his price target to $96 from $92. Ciccarelli says the company's earnings growth will remain suppressed by a multi-year investment cycle, but it will ultimately come out as a "true competitor" to Amazon (AMZN). The analyst says the rating change is specifically driven by recognition of Wal-Mart's progress in upgrading its store environment and labor model as well as the vast improvements made in its e-commerce capabilities which helped generate 13 consecutive quarters of positive comps and 12 quarters of positive traffic.
11/29/17
CLVD
11/29/17
NO CHANGE
CLVD
Henry Schein, Patterson mentioned cautiously at Cleveland Research
Cleveland Research made cautious comments regarding Amazon's (AMZN) headway into the dental industry, saying that its checks indicate that manufacturers are being more open to offer their full product lines to the e-commerce giant, which could pressure industry incumbents Henry Schein (HSIC) and Patterson (PDCO).
11/29/17
WEDB
11/29/17
NO CHANGE
Target $32
WEDB
Underperform
Amazon allows deeper TV discounting at Best Buy, says Wedbush
Wedbush analyst Michael Pachter notes that online checks suggest that Best Buy (BBY) undercut Amazon (AMZN) on TV pricing throughout the Thanksgiving Holiday period, with deals continuing at Best Buy after Cyber Monday, while Amazon surprised him by raising prices. Additionally, the analyst believes Best Buy's Q4 comps guidance is more realistic, due to "Amazon's mercy." He reiterates an Underperform rating and $32 price target on Best Buy's shares.
11/29/17
DADA
11/29/17
NO CHANGE
Target $1500
DADA
Buy
Amazon.com price target raised to $1,500 from $1,300 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Amazon (AMZN) shares to $1,500 from $1,300 after increasing his long-term sales forecast to a 9.8% CAGR from 8.6% based on his rising confidence in the company's ability to leverage physical stores to maximize its long-term revenue growth. Amazon's increased physical footprint, including its Whole Foods buy, book stores, and Kohl's (KSS) partnership, is "THE story of its 2017 holiday sales and an indication of things to come," Forte tells investors. The analyst, who thinks Amazon could another 1,000 plus physical locations and acquire an apparel retailer, such as lululemon (LULU), keeps a Buy rating on the e-commerce giant's shares.
FB Facebook
$182.42

-0.61 (-0.33%)

11/16/17
KEYB
11/16/17
NO CHANGE
Target $90
KEYB
Overweight
Cavium price target raised to $90 from $80 at KeyBanc
KeyBanc analyst John Vinh raised his price target for Cavium (CAVM) to $90 from $80 as he left SC17 most positive on it as he learned the company is shipping into Facebook (FB) for a late-stage evaluation server cluster and heard positive customer feedback regarding ThunderX2. The analyst reiterates an Overweight rating on Cavium's shares.
11/08/17
UBSW
11/08/17
DOWNGRADE
Target $7
UBSW
Sell
Snap downgraded to Sell from Neutral at UBS
UBS analyst Eric Sheridan downgraded Snap (SNAP) to Sell and cut his price target for the shares to $7 from $12 following last night's Q3 results. The camera company is down 19%, or $2.88, to $12.24 in premarket trading. In a post-earnings research note titled "SNAP Crackle Flop," Sheridan says he finds it very likely that Snap will continue to struggle on "multiple fronts" in the coming 12 months. A redesigned app could bring opportunity but also platform disruption, Sheridan writes. He believes trying to scale its ad business amid "tepid" user growth while competing against Alphabet (GOOG), Facebook (FB) and Amazon.com (AMZN) is likely going to prove difficult for Snap.
11/02/17
COWN
11/02/17
NO CHANGE
COWN
Cowen says Facebook capex step-up positive for Applied Optoelectronics, Arista
Cowen analyst Paul Silverstein said Facebook's (FB) plans to "double" its capital expenditures to $14B from $7B in 2018 represents a significant incremental revenue growth opportunity for optical component and system suppliers, particularly Applied Optoelectronics (AAOI) and Arista Networks (ANET). He thinks Applied is maintaining a strong position at Facebook and would take advantage of weakness in the shares.
11/21/17
ROTH
11/21/17
NO CHANGE
Target $127
ROTH
Buy
Shopify price target raised to $127 from $119 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for Shopify (SHOP) to $127 to $119 following his recently hosted investor meetings with the company's management. The analyst believes opportunities for International, plus Facebook's (FB) Instagram and potentially new merchant solutions, should continue to drive both its P&L and shares higher, in what he views as early relative days in ramp of its platform. Aftahi reiterates a Buy rating on Shopify's shares.
GOOGL Alphabet Class A
$1,063.29

-8.72 (-0.81%)

10/31/17
ROTH
10/31/17
NO CHANGE
Target $41
ROTH
Neutral
Yelp price target raised to $41 from $35 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for Yelp (YELP) to $41 from $35 ahead of quarterly results. Nonethless, the analyst says that while Yelp has divested of Eat24, he sees its go-forward business as remaining challenged by the likes of Facebook (FB), Google (GOOG; GOOGL), and now to a lesser extent, Snap (SNAP). He reiterates a Neutral rating on Yelp's shares.
11/15/17
BERN
11/15/17
NO CHANGE
Target $100
BERN
Outperform
Microsoft building for Cloud business larger than most expect, says Bernstein
Bernstein analyst Mark Moerdler notes that Microsoft (MSFT) has a much larger datacenter footprint compared to its peers such as AWS (AMZN) and Google (GOOG;GOOL). Looking at datacenter investment, the analyst thinks Microsoft is building for Cloud business larger than most expect, growth in Azure and Commercial Cloud should continue to remain strong, and given Microsoft Commercial cloud is already at AWS like GM, it should have even better GM as they fill into the built capacity. The analyst reiterates an Outperform rating and $100 price target on Microsoft's shares.
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).
AAPL Apple
$173.07

-1.02 (-0.59%)

11/27/17
UBSW
11/27/17
NO CHANGE
UBSW
UBS says survey mixed for iPhone, positive for broader smartphone demand
UBS analyst David Mulholland said the firm's consumer survey of smartphone owners showed improving demand in China, but also the "surprising" indication that domestic OEMs are expected to benefit from this rather than Apple. The purchasing intention results were slightly below expectations for iPhone demand, but he noted the survey took place prior to the iPhone X being available in stores and hands on experience could help drive sales toward the iPhone X. The survey was mixed for iPhone but the firm now sees a stronger overall smartphone market and increased its smartphone growth forecast for 2018 to 5% from 4%.
11/27/17
NOMU
11/27/17
NO CHANGE
Target $185
NOMU
Buy
Apple multiple is 'getting full,' says Nomura Instinet
Nomura Instinet Jeffrey Kvaal says his channel checks through the holiday weekend suggest demand for Apple's iPhone X can drive upside to near-term estimates. The analyst, however, believes the stock's multiple is "getting full." Apple has traditionally traded poorly between supercycles, Kvaal tells investors in a research note. Nonetheless, he keeps a Buy rating on the shares with a $185 price target.
11/14/17
WELS
11/14/17
INITIATION
Target $195
WELS
Market Perform
Apple resumed with a Market Perform at Wells Fargo
Wells Fargo analyst Aaron Rakers resumed coverage of Apple with a Market Perform rating and $195 price target.
11/20/17
ADAM
11/20/17
NO CHANGE
Target $195
ADAM
Buy
Apple holiday season expected to be strong, says Canaccord
Canaccord analyst T. Michael Walkley said his North American survey indicates strong initial demand for the iPhone X with decreasing lead times, which suggests ramped up production. He believes Apple continues to grow its market share of the premium tier smartphone market with an installed base that will drive strong replacement sales and earnings as well as cash flow generation to fund long-term capital gains. Walkley reiterated his Buy rating and $195 price target on Apple shares.
SPY SPDR S&P 500 ETF Trust
$262.72

-0.15 (-0.06%)

04/10/17
MSCO
04/10/17
NO CHANGE
MSCO
Morgan Stanley sets S&P 500 'base case' price target of 2,700
Morgan Stanley U.S. Equity Strategist Michael Wilson set a 12-month "base case" price target of 2,700 for the S&P 500, stating that market technicals are in "very good shape" and institutional and retail data suggest U.S. equity positioning is not extreme. A cyclical upturn began a year ago as the global business cycle bottomed in Q1 of 2016 and President Trump's election then "turbocharged" that cycle, said Wilson.
06/28/17
GSCO
06/28/17
NO CHANGE
GSCO
S&P 500 price target raised to 2,400 from 2,300 at Goldman Sachs
Goldman analyst David Kostin raised his S&P 500 earnings estimate to $129 from $123 in 2017 and to $139 from $129 in 2018 to reflect strong Q1 results and higher expected growth in Financials and Info Tech. Kostin raised his year-end S&P 500 price target to 2,400 from 2,300 to reflect earnings growth of 9%, offset by a 4% contraction in the forward multiple.
SPX S&P 500

03/08/17
03/08/17
NO CHANGE

David Tepper says stock market on multiple basis 'kind of full'
Appaloosa Management's David Tepper is speaking in CNBC.

TODAY'S FREE FLY STORIES

LPSN

LivePerson

$11.05

-0.05 (-0.45%)

20:28
12/13/17
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20:28
Initiation
LivePerson initiated  »

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HUSKF

Husky Energy

$12.42

-0.1177 (-0.94%)

20:26
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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

20:25
12/13/17
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20:25
Upgrade
ConocoPhillips rating change  »

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SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

20:25
12/13/17
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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DB

Deutsche Bank

$19.33

-0.05 (-0.26%)

19:17
12/13/17
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19:17
Hot Stocks
DBNY, DBTCA raise prime lending rate to 4.5% from 4.25% »

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T

AT&T

$38.04

-0.06 (-0.16%)

18:47
12/13/17
12/13
18:47
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18:47
Hot Stocks
AT&T and Communications Workers of America reach tentative agreement »

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

18:33
12/13/17
12/13
18:33
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18:33
Hot Stocks
Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

Bristol-Myers and Ono…

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WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

18:15
12/13/17
12/13
18:15
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18:15
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

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  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

18:10
12/13/17
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18:10
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18:10
Hot Stocks
Huntington Bancshares raises prime rate to 4.5% from 4.25% »

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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

18:06
12/13/17
12/13
18:06
12/13/17
18:06
Hot Stocks
Breaking Hot Stocks news story on Associated Banc-Corp »

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UBS

UBS

$17.90

0.035 (0.20%)

18:05
12/13/17
12/13
18:05
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18:05
Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

$36.64

0.06 (0.16%)

18:03
12/13/17
12/13
18:03
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18:03
Hot Stocks
Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

Pfizer announced that the…

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  • 04

    Jan

CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

18:03
12/13/17
12/13
18:03
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18:03
Hot Stocks
CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

18:03
12/13/17
12/13
18:03
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18:03
Recommendations
MiMedx analyst commentary at Piper Jaffray »

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  • 13

    Dec

CE

Celanese

$108.31

1.34 (1.25%)

18:01
12/13/17
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18:01
Hot Stocks
Celanese raises acetyl intermediates products prices »

Raises price on Vinyl…

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

18:01
12/13/17
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18:01
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18:01
Hot Stocks
Western Alliance: Sarver to transition from chairman, CEO to exec chairman in Q1 »

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

18:01
12/13/17
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18:01
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18:01
Hot Stocks
U.S. Bancorp raises prime lending rate to 4.50% from 4.25%, effective Dec 14 »

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  • 17

    Jan

WBS

Webster Financial

$56.16

-0.73 (-1.28%)

18:00
12/13/17
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18:00
Hot Stocks
Webster raises prime lending rate to 4.5% from 4.25% »

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  • 14

    Dec

HSBC

HSBC

$51.44

0.89 (1.76%)

17:56
12/13/17
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17:56
Hot Stocks
Breaking Hot Stocks news story on HSBC »

HSBC raises prime,…

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WTR

Aqua America

$37.59

0.32 (0.86%)

17:47
12/13/17
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17:47
Hot Stocks
Aqua America names CEO Christopher Franklin as board chairman »

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  • 17

    Jan

MSFT

Microsoft

$85.35

-0.23 (-0.27%)

17:38
12/13/17
12/13
17:38
12/13/17
17:38
Hot Stocks
Microsoft launches new AI-powered search features for Bing »

Microsoft announced in a…

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  • 18

    Jan

TCF

TCF Financial

$20.24

-0.16 (-0.78%)

17:36
12/13/17
12/13
17:36
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17:36
Hot Stocks
Breaking Hot Stocks news story on TCF Financial »

TCF Financial raises…

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CMA

Comerica

$84.81

-1.06 (-1.23%)

17:34
12/13/17
12/13
17:34
12/13/17
17:34
Hot Stocks
Comerica Bank raises prime rate to 4.5% from 4.25% »

Comerica Bank announced…

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  • 16

    Jan

CMCM

Cheetah Mobile

$11.18

-0.02 (-0.18%)

17:33
12/13/17
12/13
17:33
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17:33
Hot Stocks
Breaking Hot Stocks news story on Cheetah Mobile »

Cheetah Mobile up over…

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UBS

UBS

$17.89

0.03 (0.17%)

17:33
12/13/17
12/13
17:33
12/13/17
17:33
Periodicals
Breaking Periodicals news story on UBS »

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