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FB

Facebook

$176.06

3.23 (1.87%)

, AMZN

Amazon.com

$1,152.35

10.78 (0.94%)

08:41
12/07/17
12/07
08:41
12/07/17
08:41

Tax reform should drive upside for internet companies, says Cowen

Cowen analyst John Blackledge said the proposed U.S. tax overhaul should drive earnings upside at Facebook (FB), Amazon (AMZN) and Alphabet (GOOG). He estimates the cut would result in tax savings, leading to increased estimates for the companies and also notes the potential for repatriation to provide a lift.

FB

Facebook

$176.06

3.23 (1.87%)

AMZN

Amazon.com

$1,152.35

10.78 (0.94%)

GOOG

Alphabet

$1,018.38

13.23 (1.32%)

  • 07

    Dec

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    Dec

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    Feb

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    Mar

FB Facebook
$176.06

3.23 (1.87%)

12/06/17
PIPR
12/06/17
DOWNGRADE
Target $37
PIPR
Underweight
Yelp downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Sam Kemp downgraded Yelp (YELP) to Underweight from Neutral and lowered his price target for the shares to $37 from $38. The stock closed the trading day down $1.02 to $41.88. Given the "messiness" of removing Eat24, investors missed that Yelp lowered organic Q4 guidance by 2%, Kemp tells investors in a research note. He believes the company may guide down 2018 revenue when reporting Q4 results. Further, the analyst thinks Yelp's believe traffic will become more difficult as Facebook (FB) and Google (GOOG, GOOGL) aggressively route traffic to their own offerings. In addition, Kemp does not view Yelp as an acquisition candidate.
12/06/17
12/06/17
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. Alibaba (BABA) initiated with a Positive at Susquehanna. 2. WWE (WWE) initiated with an Overweight at JPMorgan. 3. Facebook (FB), Alphabet Class A (GOOGL), and Amazon.com (AMZN) were initiated with an Outperform at Evercore ISI, while Netflix (NFLX) was initiated with an In Line. 4. Applied Materials (AMAT) initiated with an Outperform at Wells Fargo. 5. Delphi Technologies (DLPH) was initiated with an Overweight at Barclays while being initiated with a Neutral at BofA/Merrill and UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/17
EVER
12/05/17
INITIATION
Target $46
EVER
In Line
Yelp initiated with an In Line at Evercore ISI
As reported earlier, Evercore ISI analyst Anthony DiClemente initiated Yelp (YELP) with an In Line rating and a price target of $46. DiClemente says the execution issues are now in the past as investor focus shifts to longer-term fundamentals. While there is runway for advertising penetration among local businesses, the analyst writes in his research note, there is also concern over the longer term about the company's competitive positioning relative to Facebook (FB) and Google (GOOGL). DiClemente believes that given the stock price appreciation of about 13% year-to-date, estimates would have to rise to justify more gains.
12/05/17
EVER
12/05/17
INITIATION
Target $225
EVER
Outperform
Facebook initiated with an Outperform at Evercore ISI
Evercore ISI analyst Anthony DiClemente initiated Facebook with an Outperform rating and a price target of $225. DiClemente says he expects the company to capture the "largest share of incremental advertising revenue across all global media properties over the next five years". He expects revenue growth to be supported by double-digit user growth, steady rise in engagement metrics due to Instagram momentum and video content growth, and more ROI-additive monetization efforts.
AMZN Amazon.com
$1,152.35

10.78 (0.94%)

12/07/17
HCWC
12/07/17
NO CHANGE
HCWC
Dentsply tells Wainwright analyst Amazon not authorized distributor
H.C. Wainwright analyst Raghuram Selvaraju spoke with Dentsply Sirona (XRAY) management after a CNBC report yesterday indicated that Amazon (AMZN) has access to dental supplies directly from Dentsply and could start selling medical devices and products directly to dentists. According to Dentsply, Amazon is not an authorized distributor of products manufactured by the company. Further, management added that Dentsply has no intention to do business with Amazon for the foreseeable future. Dental supplies currently sold on Amazon are either secondary gray-market products, or products that are advertised on Amazon but sold by third-party dealers, Dentsply told Selvaraju. The analyst believes Amazon "doesn't possess the expertise or sophistication" in the dental product arena that Patterson (PDCO) and Henry Schein (HSIC) exhibit. As such, Selvaraju sees no incentive for Dentsply Sirona to work with Amazon at the present time. He reiterates a Neutral rating on Dentsply shares with a $68 price target. The shares closed yesterday down 11c to $65.50. Patterson dropped 4% to $34.81 and Henry Schein dropped 5% to $67.58 yesterday on concerns over Amazon competition.
12/07/17
OPCO
12/07/17
NO CHANGE
Target $40
OPCO
Outperform
Oppenheimer bullish on Premier as fear of potential Amazon entry overdone
Oppenheimer analyst Mohan Naidu hosted Premier (PINC) management for meetings which focused on concerns around the potential Amazon (AMZN) threat and growth. While noting that investors are nervous about the latter's potential entry into the healthcare field and medical supplies/Rx, the analyst believes disrupting health system purchasing is unlikely given the high regulatory burden, financial model and more importantly, constant clinical work required to repetitively analyze and drive purchasing decisions. He reiterates an Outperform rating and $40 price target on Premier's shares.
12/07/17
COWN
12/07/17
NO CHANGE
Target $1500
COWN
Outperform
Amazon price target raised to $1,500 from $1,225 at Cowen
Cowen analyst John Blackledge raised his price target on Amazon.com to $1,500 from $1,225 and called it a Best Idea for 2018. The analyst noted its fundamental drivers including B2C e-commerce share gains, emerging e-commerce verticals like B2B, significant international opportunities, and advertising. Blackledge reiterated his Outperform rating on Amazon shares.
12/07/17
COWN
12/07/17
NO CHANGE
Target $60
COWN
Outperform
Applied Optoelectronics price target lowered to $60 from $74 at Cowen
Cowen analyst Paul Silverstein lowered his price target on Applied Optoelectronics (AAOI) to $60 from $74 as he sees near-term risks from the 40G transceiver roll-over at Amazon (AMZN). He continues to see the company maintaining it strong position with other key DC customers and expanding into new ones with strong ongoing margins. Silverstein maintained his Outperform rating on Applied Optoelectronics shares.
GOOG Alphabet
$1,018.38

13.23 (1.32%)

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).
12/05/17
MSCO
12/05/17
INITIATION
Target $28
MSCO
Overweight
Bandwidth initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Meta Marshall started Bandwidth (BAND) with an Overweight rating, calling the company unusual in the communications space since it owns both a software platform and the underlying nationwide IP voice network. Marshall, who thinks the market is underappreciating how compelling Bandwidth's value proposition could be, particularly with larger customers like Google (GOOG), Microsoft (MSFT), Amazon (AMZN) and Cisco (CSCO), set a $28 price target on Bandwidth shares.

TODAY'S FREE FLY STORIES

CTSH

Cognizant

$67.96

-1.63 (-2.34%)

12:25
11/14/18
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Options
Cognizant call volume above normal and directionally bullish »

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SNAP

Snap

$6.53

-0.19 (-2.83%)

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QRTEA

Qurate Retail

$23.68

-0.2 (-0.84%)

12:25
11/14/18
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Conference/Events
Qurate Retail to host investor meeting »

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KEYS

Keysight Technologies

$57.85

-0.01 (-0.02%)

, CHL

China Mobile

$47.99

0.37 (0.78%)

12:22
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Hot Stocks
Keysight Technologies reports winning bid for 5G test solutions for China Mobile »

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KEYS

Keysight Technologies

$57.85

-0.01 (-0.02%)

CHL

China Mobile

$47.99

0.37 (0.78%)

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MDLZ

Mondelez

$43.79

-0.3 (-0.68%)

12:21
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Breaking Hot Stocks news story on Mondelez »

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NLSN

Nielsen

$26.10

-0.44 (-1.66%)

, DNB

Dun & Bradstreet

$141.94

0.13 (0.09%)

12:21
11/14/18
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Hot Stocks
Paulson enters Nielsen, Dun & Bradstreet during Q3, exits CenturyLink »

John Paulson's…

NLSN

Nielsen

$26.10

-0.44 (-1.66%)

DNB

Dun & Bradstreet

$141.94

0.13 (0.09%)

P

Pandora

$8.90

0.18 (2.06%)

CME

CME Group

$187.69

0.31 (0.17%)

BSIG

BrightSphere

$12.89

0.06 (0.47%)

VST

Vistra Energy

$23.79

-0.53 (-2.18%)

EGN

Energen

$70.12

1 (1.45%)

CTL

CenturyLink

$18.87

0.09 (0.48%)

CMCSA

Comcast

$38.08

0.36 (0.95%)

HAIN

Hain Celestial

$22.24

0.16 (0.72%)

DISCA

Discovery

$32.15

0.04 (0.12%)

SHPG

Shire

$180.74

-0.29 (-0.16%)

AET

Aetna

$209.96

0.28 (0.13%)

GOLD

Randgold

$78.96

1.01 (1.30%)

NXPI

NXP Semiconductors

$82.41

0.63 (0.77%)

TMUS

T-Mobile

$68.03

-0.42 (-0.61%)

AKRX

Akorn

$6.74

-0.07 (-1.03%)

MITL

Mitel

$10.98

(0.00%)

MNK

Mallinckrodt

$31.04

-0.045 (-0.14%)

AGN

Allergan

$160.11

-2.525 (-1.55%)

BHC

Bausch Health

$26.89

0.24 (0.90%)

GLD

SPDR Gold Shares

$113.82

0.14 (0.12%)

MYL

Mylan

$34.60

-1.16 (-3.24%)

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

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AAPL

Apple

$188.50

-3.73 (-1.94%)

12:17
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Technical Analysis
Technical Take: Apple downside momentum picking up pace »

The stock was last at…

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  • 14

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CSCO

Cisco

$45.01

-0.12 (-0.27%)

12:17
11/14/18
11/14
12:17
11/14/18
12:17
Earnings
Fly Intel: What to watch for in Cisco's earnings report »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/14/18
11/14
12:17
11/14/18
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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12:16
11/14/18
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12:16
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12:16
Conference/Events
UBS MLPs & Natural Gas Analyst to hold a group dinner »

MLPs & Natural Gas…

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
11/14/18
11/14
12:16
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12:16
Technical Analysis
NYSE market internals summary »

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TNDM

TNDM

12:15
11/14/18
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12:15
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12:15
Options
Tandem Diabetes put volume heavy and directionally bearish »

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FB

Facebook

$142.43

0.24 (0.17%)

12:14
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Hot Stocks
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  • 28

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IEA

Infrastructure and Energy Alternatives

$8.93

0.45 (5.31%)

12:11
11/14/18
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Conference/Events
Infrastructure and Energy Alternatives management to meet with Raymond James »

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  • 14

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VST

Vistra Energy

$23.86

-0.46 (-1.89%)

, EGN

Energen

$70.25

1.13 (1.63%)

12:11
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Hot Stocks
Breaking Hot Stocks news story on Vistra Energy, Energen, CenturyLink »

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VST

Vistra Energy

$23.86

-0.46 (-1.89%)

EGN

Energen

$70.25

1.13 (1.63%)

CTL

CenturyLink

$18.80

0.02 (0.11%)

03/08/13
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DVMT

Dell Technologies

$101.23

-0.39 (-0.38%)

12:10
11/14/18
11/14
12:10
11/14/18
12:10
Periodicals
Breaking Periodicals news story on Dell Technologies »

Dell to boost cash…

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  • 11

    Dec

KMPR

Kemper

$74.04

-1.31 (-1.74%)

12:10
11/14/18
11/14
12:10
11/14/18
12:10
Conference/Events
Kemper management to meet with Raymond James »

Meeting to be held in…

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  • 14

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    Dec

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    Dec

NLSN

Nielsen

$26.04

-0.5 (-1.88%)

, DNB

Dun & Bradstreet

$141.85

0.04 (0.03%)

12:10
11/14/18
11/14
12:10
11/14/18
12:10
Hot Stocks
Breaking Hot Stocks news story on Nielsen, Dun & Bradstreet »

Paulson & Co. takes…

NLSN

Nielsen

$26.04

-0.5 (-1.88%)

DNB

Dun & Bradstreet

$141.85

0.04 (0.03%)

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CRH

CRH

$29.15

0.2 (0.69%)

12:09
11/14/18
11/14
12:09
11/14/18
12:09
Downgrade
CRH rating change  »

CRH downgraded to Neutral…

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MBUU

Malibu Boats

$49.32

0.55 (1.13%)

12:08
11/14/18
11/14
12:08
11/14/18
12:08
Conference/Events
Malibu Boats management to meet with Raymond James »

Meeting to be held in Los…

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  • 14

    Nov

PRA

ProAssurance

$43.45

-0.32 (-0.73%)

12:07
11/14/18
11/14
12:07
11/14/18
12:07
Conference/Events
ProAssurance management to meet with Raymond James »

Meeting to be held in…

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03/06/13
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  • 14

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SBCF

Seacoast Banking

$25.90

-0.28 (-1.07%)

12:06
11/14/18
11/14
12:06
11/14/18
12:06
Conference/Events
Seacoast Banking management to meet with Raymond James »

Meeting to be held in…

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03/06/13
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03/06/13
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  • 14

    Nov

12:05
11/14/18
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12:05
11/14/18
12:05
General news
Euro$ interest rate futures are motoring higher »

Euro$ interest rate…

SQ

Square

$69.43

-2.38 (-3.31%)

12:02
11/14/18
11/14
12:02
11/14/18
12:02
Hot Stocks
Square Payroll introduces benefits offerings for small businesses »

Square announced that it…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$270.68

-1.32 (-0.49%)

12:02
11/14/18
11/14
12:02
11/14/18
12:02
Periodicals
More than a dozen news groups back CNN suit against White House, Hill says »

Thirteen media…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$270.68

-1.32 (-0.49%)

03/08/13
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