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TCEHY

Tencent

$51.18

-0.82 (-1.58%)

06:16
12/01/17
12/01
06:16
12/01/17
06:16

Tencent Music, Spotify in talks to swap stakes ahead of listings, WSJ reports

Tencent's music group and Spotify are in talks to exchange stakes of up to 10% before their planned public listings next year, the Wall Street Journal reports, citing people familiar with the matter. A deal between the two parties, which would align the two platforms for further licensing negotiations with music labels, would include Tencent paying Spotify cash to make up the difference due to Spotify's higher valuation. Reference Link

TCEHY Tencent
$51.18

-0.82 (-1.58%)

09/29/17
SBSH
09/29/17
NO CHANGE
Target $210
SBSH
Buy
Citi boosts Nvidia target to $210 on artificial intelligence opportunity
Citi analyst Atif Malik raised his price target for Nvidia (NVDA) shares to $210 to reflect higher data center inference sales supported by recent announcements with China's Alibaba Cloud (BABA), Baidu (BIDU), and Tencent (TCEHY). Nvidia closed yesterday down 5c to $175.68. The Street views the company as dominant in training but an underdog in inferencing, Malik tells investors in a research note titled "The State of AI Today; Raising TP on AI Inference Opportunity." He points out that Nvidia's new TensorRT software platform and Tesla (TSLA) GPU accelerators are 40 times faster than CPUs at one-tenth the cost of CPU-based solutions. Nvidia targets to participate in high level edge inferencing for smart cities, manufacturing, and robotics end markets, Malik writes. He adds that his firm's updated proprietary gaming survey indicates AMD's (AMD) new Vega graphics cards represent a "limited threat." The analyst believes Nvidia's risk/reward remains skewed to the upside and he keeps a Buy rating on the shares.
11/08/17
PIPR
11/08/17
NO CHANGE
PIPR
Neutral
Piper says Tencent stake not 'material thesis changer' for Snap
Piper Jaffray analyst Sam Kemp says Tencent's (TCEHY) 10% stake in Snap (SNAP) is "not a material thesis changer." The analyst does not believe Tencent would be able to acquire Snapchat as the result of Snap's capital structure. Further, since Tencent has been an investor in Snapchat since its Series B round, its increased investment should not be seen as new interest in the company, Kemp tells investors in a research note. The analyst believes Tencent owning non-voting shares is unlikely to change the narrative around Snap three months from now. Kemp keeps a Neutral rating on Snap shares. The camera company erased all of last night's post-earnings selloff after disclosing Tencent acquired a 10% stake, but is now back down 13%, or $1.99, to $13.13 in premarket trading.
11/08/17
PIVT
11/08/17
NO CHANGE
Target $8
PIVT
Sell
Tencent 'highly unlikely' to ever acquire Snap, says Pivotal Research
After it was disclosed that Tencent (TCEHY) added to its pre-IPO stake in Snap (SNAP) by buying another 10% of shares outstanding, Pivotal Research analyst Brian Wieser said he believes the investment "should not make any difference to valuation" as it seems to him to be "highly unlikely that Tencent would ever be in a position to buy the whole company." To support that view, Wieser pointed to U.S. sensitivities around foreign influence in social media and China's restrictions on outbound foreign investment. He maintains a Sell rating and $8 price target on Snap shares.
11/14/17
MSCO
11/14/17
INITIATION
Target $16
MSCO
Equal Weight
Sea Limited initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Grace Chen started Sea Limited (SE) with an Equal Weight rating and $16 price target, stating that its partnership with Tencent (TCEHY) gives it a strong edge in online gaming but its e-commerce business weighs on profitability.

TODAY'S FREE FLY STORIES

STLD

Steel Dynamics

$39.85

0.01 (0.03%)

18:07
12/15/17
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18:07
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18:07
Earnings
Steel Dynamics sees Q4 EPS 48c-52c, consensus 55c »

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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

, SPX

S&P 500

17:42
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17:42
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17:42
Periodicals
Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

House plans to vote…

SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

, SPX

S&P 500

17:42
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17:42
Periodicals
Republicans release final tax bill proposal, CNBC reports »

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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

SPX

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MCK

McKesson

$162.60

5.4 (3.44%)

17:37
12/15/17
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17:37
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17:37
Hot Stocks
McKesson awarded $400M government contract »

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AEE

Ameren

$60.94

0.11 (0.18%)

17:34
12/15/17
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17:34
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17:34
Syndicate
Breaking Syndicate news story on Ameren »

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AKAM

Akamai

$57.76

1 (1.76%)

, AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

17:33
12/15/17
12/15
17:33
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17:33
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Akamai (AKAM), up…

AKAM

Akamai

$57.76

1 (1.76%)

AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

PG

Procter & Gamble

$91.89

0.89 (0.98%)

PETX

Aratana Therapeutics

$5.73

0.15 (2.69%)

HPE

HP Enterprise

$14.41

0.17 (1.19%)

03/08/13
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  • 09

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    Dec

GRMN

Garmin

$58.36

-1.1 (-1.85%)

17:32
12/15/17
12/15
17:32
12/15/17
17:32
Recommendations
Garmin analyst commentary at Tigress Financial »

Garmin growth…

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LMT

Lockheed Martin

$322.82

5.81 (1.83%)

17:26
12/15/17
12/15
17:26
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17:26
Hot Stocks
Lockheed Martin awarded $135.83M government contract »

Lockheed Martin is being…

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  • 07

    Mar

PG

Procter & Gamble

$91.89

0.89 (0.98%)

17:19
12/15/17
12/15
17:19
12/15/17
17:19
Hot Stocks
Peltz to join Procter & Gamble board effective March 1, 2018 »

Procter & Gamble…

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PG

Procter & Gamble

$91.89

0.89 (0.98%)

, NVS

Novartis

$84.86

0.39 (0.46%)

17:19
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12/15
17:19
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17:19
Hot Stocks
P&G names Trian's Nelson Peltz, Novartis CEO Jimenez to board »

Procter & Gamble (PG)…

PG

Procter & Gamble

$91.89

0.89 (0.98%)

NVS

Novartis

$84.86

0.39 (0.46%)

03/08/13
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  • 18

    Jan

  • 17

    May

SNSS

Sunesis

$3.36

0.16 (5.00%)

17:16
12/15/17
12/15
17:16
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17:16
Hot Stocks
Sunesis CEO Swisher to resign, Dayton Misfeldt named interim CEO »

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T

AT&T

$38.24

0.5 (1.32%)

, BA

Boeing

$293.94

0.06 (0.02%)

17:09
12/15/17
12/15
17:09
12/15/17
17:09
Hot Stocks
AT&T CEO Stephenson resigns from Boeing board »

According to a regulatory…

T

AT&T

$38.24

0.5 (1.32%)

BA

Boeing

$293.94

0.06 (0.02%)

03/08/13
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  • 31

    Jan

HPE

HP Enterprise

$14.41

0.17 (1.19%)

17:03
12/15/17
12/15
17:03
12/15/17
17:03
Syndicate
Breaking Syndicate news story on HP Enterprise »

HP Enterprise files…

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  • 09

    Jan

FSV

FirstService

$67.87

-0.54 (-0.79%)

17:02
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17:02
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Breaking Hot Stocks news story on FirstService »

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ETP

Energy Transfer Partners

$17.50

0.08 (0.46%)

17:01
12/15/17
12/15
17:01
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17:01
Hot Stocks
Energy Transfer gets FERC approval to place Rover Pipeline's 1B into service »

Energy Transfer Partners…

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AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

, BTC

Bitcoin

16:56
12/15/17
12/15
16:56
12/15/17
16:56
Periodicals
TD Ameritrade to offer bitcoin futures, CNBC reports »

TD Ameritrade will now…

AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

BTC

Bitcoin

BITCOIN

Bitcoin

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  • 13

    Dec

HIIQ

Health Insurance Innovations

$26.90

-0.65 (-2.36%)

16:55
12/15/17
12/15
16:55
12/15/17
16:55
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Breaking Hot Stocks news story on Health Insurance Innovations »

Cannell Capital reports…

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RM

Regional Management

$24.96

0.13 (0.52%)

16:51
12/15/17
12/15
16:51
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16:51
Hot Stocks
Breaking Hot Stocks news story on Regional Management »

Basswood Capital reports…

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NBY

NovaBay

$3.35

-0.0668 (-1.96%)

16:50
12/15/17
12/15
16:50
12/15/17
16:50
Syndicate
NovaBay files to sell $12M of common stock »

H.C. Wainwright & Co.…

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T

AT&T

$38.24

0.5 (1.32%)

, TWX

Time Warner

$90.25

0.6 (0.67%)

16:50
12/15/17
12/15
16:50
12/15/17
16:50
Periodicals
DOJ, AT&T held unsuccessful settlement talks, Reuters reports »

The U.S. Department of…

T

AT&T

$38.24

0.5 (1.32%)

TWX

Time Warner

$90.25

0.6 (0.67%)

03/08/13
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RUN

Sunrun

$6.06

0.2 (3.41%)

16:48
12/15/17
12/15
16:48
12/15/17
16:48
Syndicate
Breaking Syndicate news story on Sunrun »

Sunrun files to sell 30M…

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RUN

Sunrun

$6.06

0.2 (3.41%)

16:47
12/15/17
12/15
16:47
12/15/17
16:47
Syndicate
Breaking Syndicate news story on Sunrun »

Sunrun files $328.7M…

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SINO

Sino-Global

$2.59

0.05 (1.97%)

16:43
12/15/17
12/15
16:43
12/15/17
16:43
Syndicate
Breaking Syndicate news story on Sino-Global »

Sino-Global files $50M…

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ALN

American Lorain

16:35
12/15/17
12/15
16:35
12/15/17
16:35
Hot Stocks
American Lorain regains compliance for continued listing on NYSE »

American Lorain announced…

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BKH

Black Hills

$60.02

0.55 (0.92%)

16:32
12/15/17
12/15
16:32
12/15/17
16:32
Hot Stocks
Black Hills Arkansas subsidiary requests rate review for system investments »

Black Hills Corp.'s…

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