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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

  • 08

    Dec

  • 07

    Feb

  • 18

    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

LYV

Live Nation

$48.15

-0.53 (-1.09%)

17:46
08/17/18
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Live Nation CFO discloses sale of 40K shares of common stock »

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XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

, XLU

Utilities SPDR

$54.50

0.25 (0.46%)

17:40
08/17/18
08/17
17:40
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17:40
General news
Week ending ETF Scorecard: Consumer Staples outperforms, Energy skids »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

XLU

Utilities SPDR

$54.50

0.25 (0.46%)

IYR

DJ US Real Estate Index Fund

$83.16

0.765 (0.93%)

XLP

Consumer Staples Sector SPDR

$55.02

0.39 (0.71%)

XLY

Consumer Discretionary Sector SPDR

$112.51

0.11 (0.10%)

XLB

S&P Select Materials SPDR

$58.41

0.41 (0.71%)

XLF

Financial Select Sector

$28.16

0.055 (0.20%)

XLV

Health Care Select Sector SPDR

$91.12

0.33 (0.36%)

XLK

Technology Select Sector SPDR

$73.17

0.14 (0.19%)

XLI

Industrial Select Sector SPDR

$76.26

0.47 (0.62%)

GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

SLV

iShares Silver Trust

$13.93

0.16 (1.16%)

USO

United States Oil Fund

$13.70

0.065 (0.48%)

UNG

United States Natural Gas Fund

$24.18

0.295 (1.24%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.03

0.08 (0.09%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.97

0.11 (0.09%)

TLT

iShares 20+ Year Treasury Bond Fund

$120.99

0.16 (0.13%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.49

0.04 (0.04%)

SHY

iShares 1-3 Year Treasury Bond

$83.28

0.03 (0.04%)

IWD

iShares Russell 1000 Value

$126.16

0.6 (0.48%)

IWF

iShares Russell 1000 Growth

$150.80

0.27 (0.18%)

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GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

17:33
08/17/18
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Hot Stocks
SPDR Gold Trust holdings fall to 772.24MT from 773.41MT »

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GDOT

Green Dot

$85.04

0.37 (0.44%)

17:30
08/17/18
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17:30
Hot Stocks
Green Dot exec Dent sells 7,754 common shares »

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  • 25

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SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

17:17
08/17/18
08/17
17:17
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17:17
Syndicate
Breaking Syndicate news story on Smith Micro »

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

17:14
08/17/18
08/17
17:14
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17:14
Syndicate
Breaking Syndicate news story on ENDRA Life Sciences »

ENDRA Life Sciences files…

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BA

Boeing

$346.44

0.55 (0.16%)

17:10
08/17/18
08/17
17:10
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17:10
Hot Stocks
Boeing awarded $152.5M U.S. Navy contract »

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BA

Boeing

$346.44

0.55 (0.16%)

17:09
08/17/18
08/17
17:09
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17:09
Hot Stocks
Boeing awarded $217M Defense Department contract »

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LLL

L3 Technologies

$210.37

0.56 (0.27%)

17:08
08/17/18
08/17
17:08
08/17/18
17:08
Hot Stocks
L3 Technologies awarded $240M Defense Department contract »

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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

17:06
08/17/18
08/17
17:06
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17:06
Syndicate
Breaking Syndicate news story on Histogenics »

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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

16:58
08/17/18
08/17
16:58
08/17/18
16:58
Conference/Events
DCT Industrial to host special shareholder meeting »

Special Shareholder…

PLD

Prologis

$67.45

1.79 (2.73%)

DCT

DCT Industrial

$68.77

1.805 (2.70%)

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WLK

Westlake Chemical

$95.61

-1.33 (-1.37%)

16:56
08/17/18
08/17
16:56
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16:56
Hot Stocks
Westlake Chemical expands share repurchase program by $150M »

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SM

SM Energy

$27.38

0.17 (0.62%)

16:55
08/17/18
08/17
16:55
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16:55
Recommendations
SM Energy analyst commentary at MUFG »

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  • 19

    Aug

PENN

Penn National

$33.04

0.86 (2.67%)

16:51
08/17/18
08/17
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16:51
Hot Stocks
Penn National CEO acquires 100,000 common shares »

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FB

Facebook

$173.78

-0.98 (-0.56%)

16:49
08/17/18
08/17
16:49
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16:49
Periodicals
U.S. wants Facebook to help wiretap Messenger for criminal probe, Reuters says »

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  • 21

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WLK

Westlake Chemical

$95.61

-1.33 (-1.37%)

16:46
08/17/18
08/17
16:46
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16:46
Hot Stocks
Westlake Chemical raises quarterly dividend 19% to 25c per share »

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  • 05

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  • 11

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EAST

Eastside Distilling

$7.40

-0.01 (-0.13%)

16:45
08/17/18
08/17
16:45
08/17/18
16:45
Syndicate
Breaking Syndicate news story on Eastside Distilling »

Eastside Distilling files…

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LOV

Spark Networks

$12.80

-0.095 (-0.74%)

16:44
08/17/18
08/17
16:44
08/17/18
16:44
Syndicate
Spark Networks files to sell 515,416 ordinary shares for holders »

Including 222 ordinary…

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AHPA

Avista Healthcare Public Acquisition Corp.

$10.12

(0.00%)

16:42
08/17/18
08/17
16:42
08/17/18
16:42
Hot Stocks
Avista Healthcare Public Acquisition Corp., Organogenesis announce combination »

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TCF

TCF Financial

$25.84

0.17 (0.66%)

16:41
08/17/18
08/17
16:41
08/17/18
16:41
Hot Stocks
TCF Financial COO sells 77,725 common shares »

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LGF.A

Lionsgate

$22.95

-0.11 (-0.48%)

16:38
08/17/18
08/17
16:38
08/17/18
16:38
Recommendations
Lionsgate analyst commentary at Barrington »

Lionsgate price target…

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  • 11

    Sep

16:35
08/17/18
08/17
16:35
08/17/18
16:35
General news
Breaking General news story  »

Moody's cuts Turkey…

MSL

MidSouth Bancorp

$14.90

0.1 (0.68%)

16:32
08/17/18
08/17
16:32
08/17/18
16:32
Hot Stocks
MidSouth Bancorp says 'will carefully review' letter sent by Jacobs Asset Mgt. »

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EME

EMCOR

$77.96

1.005 (1.31%)

16:31
08/17/18
08/17
16:31
08/17/18
16:31
Hot Stocks
Emcor CEO sells 23,434 common shares »

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16:30
08/17/18
08/17
16:30
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16:30
Options
Preliminary option volume of 22.3M today »

Preliminary option volume…

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