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NXPI

NXP Semiconductors

$115.84

0.55 (0.48%)

, BABA

Alibaba

$176.68

-2.61 (-1.46%)

11:25
12/12/17
12/12
11:25
12/12/17
11:25

NXP Semiconductors, Alibaba Cloud announce strategic partnership

NXP Semiconductors (NXPI) announced a strategic partnership with Alibaba Cloud, the cloud computing and business unit of Alibaba Group (BABA). The two companies are working together to enable development of secure smart devices for edge computing applications and have plans to further develop solutions for the Internet of Things. As part of the partnership, AliOS Things, the Alibaba IoT operating system has been integrated onto NXP applications processors, microcontroller chips, and Layerscape multicore processors. Both NXP's i.MX and Layerscape processors are currently the only embedded systems on the market using the Alibaba Cloud TEE OS platform. The new solution benefits various markets including automotive, smart retail and smart home. And it is currently being applied in applications such as automotive entertainment and infotainment systems, QR code payment scanning applications and smart home speakers.

NXPI

NXP Semiconductors

$115.84

0.55 (0.48%)

BABA

Alibaba

$176.68

-2.61 (-1.46%)

NXPI NXP Semiconductors
$115.84

0.55 (0.48%)

11/06/17
KEYB
11/06/17
NO CHANGE
KEYB
Broadcom bid for Qualcomm would be impressive 'masterpiece,' says KeyBanc
KeyBanc analyst John Vinh notes that the Wall Street Journal reported that Broadcom (AVGO) is contemplating an unsolicited bid to acquire Qualcomm (QCOM) for $70/share. The analyst believes this deal would make sense, as he sees significant cost synergies and the opportunity for Broadcom to leverage its healthy relationship with Apple (AAPL) to mend the current strife between Qualcomm and Apple. Additionally, Vinh thinks this deal would be meaningfully accretive to Broadcom and could drive consolidated EPS of $22.97, which would imply fair value of $350.In his M&A scenario analysis, the analyst is assuming Qualcomm backs out of its bid for NXP Semiconductors (NXPI) and Broadcom looks to divest QTL and closes on its acquisition of Brocade (BRCD). In terms of implications, he views as Positive for Cavium's (CAVM) ThunderX business.
11/06/17
WELS
11/06/17
DOWNGRADE
Target $65
WELS
Market Perform
Wells Fargo downgrades Qualcomm amid Broadcom offer rally
Wells Fargo analyst David Wong downgraded Qualcomm (QCOM) to Market Perform from Outperform amid the rally in shares following Broadcom's (AVGO) unsolicited takeover offer. The stock is now trading close to the analyst's valuation range. He has a $65 price target for the shares. Going forward Qualcomm will not trade on fundamentals but on developments regarding the acquisition offer, Wong tells investors in a research note. He believes Broadcom's offer price assigns essentially no incremental value to Qualcomm's stock associated with the possible closing of the NXP Semiconductors (NXPI) deal or resolution of outstanding disputes. Standpoint Research today also downgraded Qualcomm.
11/07/17
RHCO
11/07/17
NO CHANGE
Target $325
RHCO
Buy
Broadcom price target raised to $325 from $281 at SunTrust
SunTrust analyst William Stein raised his price target on Broadcom (AVGO) to $325 and kept his Buy rating. Stein cites CEO Hock Tan's strategy with regards to Qualcomm (QCOM) and his track of using M&A to generate earnings growth. The analyst anticipates that Qualcomm will likely reject Broadcom's $70/shr bid, at which point the latter will likely nominate a slate of directors while the former attempts to close its NXP Semiconductors (NXPI) deal as quickly as possible. Stein also says the potential Broadcom-Qualcomm deal could also be a negative for Intel (INTC) and a positive for Cypress Semi (CY) on competitive factors.
11/08/17
RBCM
11/08/17
UPGRADE
Target $70
RBCM
Outperform
Qualcomm upgraded to Outperform at RBC Capital on limited downside risks
As previously reported, RBC Capital analyst Amit Daryanani upgraded Qualcomm (QCOM) to Outperform from Sector Perform and raised his price target to $70 from $55. Daryanani says stock price valuation is attractive at current levels regardless of the Broadcom (AVGO) bid, though he notes that the probability of the initial $70 per share bid being the final price is low, with revised bids reaching high-$70 to low-$80 per share range. If Qualcomm remains independent, the analyst says the roadmap for value creation is still compelling, as the company looks to its NXP Semi (NXPI) deal, resolves Apple (AAPL) disputes, and reduces spending.
BABA Alibaba
$176.68

-2.61 (-1.46%)

11/28/17
BERN
11/28/17
NO CHANGE
BERN
Grocery sales on Alibaba, JD.com are nine times Amazon's, says Bernstein
Bernstein analyst Bruno Monteyne notes that absolute grocery sales on Alibaba (BABA) and JD.com (JD) are nine times the grocery sales on Amazon.com (AMZN). China's speed is explained by a lack of legacy, as the country never developed big-box retailing, he adds. Further, Monteyne points out that Alibaba's approach has led to an asset light form of e-grocery, contrasting with the very asset-heavy approach taken by Amazon.
12/06/17
SUSQ
12/06/17
INITIATION
Target $220
SUSQ
Positive
Alibaba initiated with a Positive at Susquehanna
Susquehanna analyst Shyam Patil initiated Alibaba with a Positive and $220 price target.
12/06/17
SUSQ
12/06/17
INITIATION
Target $220
SUSQ
Positive
Susquehanna starts Alibaba with a Positive rating, $220 price target
As previously reported, Susquehanna analyst Shyam Patil initiated Alibaba with a Positive rating. The analyst cited its two core China retail e-commerce platforms, the runway for its advertising business, international retail growth opportunity, its digital media strategy, cloud business, and its overall revenue growth and margins potential. Patil has a $220 price target on Alibaba shares.
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.

TODAY'S FREE FLY STORIES

URI

United Rentals

$139.51

-1.68 (-1.19%)

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  • 18

    Oct

FMS

Fresenius Medical

$41.12

-8.74 (-17.53%)

, NXTM

NxStage Medical

$27.50

-0.72 (-2.55%)

10:07
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Fresenius Medical drops after again cutting FY18 outlook »

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FMS

Fresenius Medical

$41.12

-8.74 (-17.53%)

NXTM

NxStage Medical

$27.50

-0.72 (-2.55%)

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  • 23

    Oct

TPR

Tapestry

$44.20

-0.28 (-0.63%)

10:05
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10/17
10:05
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10:05
Upgrade
Tapestry rating change  »

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  • 19

    Nov

ABX

Barrick Gold

$12.84

0.09 (0.71%)

10:05
10/17/18
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10:05
Options
Barrick Gold call volume above normal and directionally bullish »

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SEED

Origin Agritech

$5.84

0.03 (0.52%)

10:01
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10:01
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Hot Stocks
Origin Agritech announces strategic agreement with Longhan Investment »

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EBR

Centrais Electricas

$5.42

-0.43 (-7.35%)

10:00
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Centrais Electricas falls -8.0% »

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CVIA

Covia

$6.75

-0.83 (-10.95%)

10:00
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Hot Stocks
Covia falls -11.1% »

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FMS

Fresenius Medical

$41.00

-8.865 (-17.78%)

10:00
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Hot Stocks
Fresenius Medical falls -17.7% »

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GSC

Global Geoscience

$26.00

(0.00%)

10:00
10/17/18
10/17
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Hot Stocks
Global Geoscience rises 5.6% »

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DISCB

Discovery Inc.

$34.00

(0.00%)

10:00
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10/17
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10:00
Hot Stocks
Breaking Hot Stocks news story on Discovery Inc. »

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GRAM

Grana y Montero

$2.95

(0.00%)

10:00
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10/17
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Hot Stocks
Grana y Montero rises 6.6% »

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WGO

Winnebago

$36.50

4.72 (14.85%)

10:00
10/17/18
10/17
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Hot Stocks
Winnebago rises 14.7% »

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  • 17

    Oct

TLRY

Tilray

$148.37

-9.77 (-6.18%)

09:58
10/17/18
10/17
09:58
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09:58
Hot Stocks
Tilray CEO says contacted by Fortune 500 pharmaceutical, CPG companies »

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CNTTF

CannTrust Holdings

$0.00

(0.00%)

, TLRY

Tilray

$148.37

-9.77 (-6.18%)

09:58
10/17/18
10/17
09:58
10/17/18
09:58
Periodicals
Congressman issues 'Blueprint to Legalize Marijuana' in 2019, Forbes reports »

Democratic congressman…

CNTTF

CannTrust Holdings

$0.00

(0.00%)

TLRY

Tilray

$148.37

-9.77 (-6.18%)

CRON

Cronos Group

$10.27

-1.23 (-10.70%)

CANN

General Cannabis

$0.00

(0.00%)

ACBFF

Aurora Cannabis

$0.00

(0.00%)

IGC

India Globalization Capital

$4.12

-0.38 (-8.44%)

CGC

Canopy Growth

$49.33

-3.63 (-6.85%)

CVSI

CV Sciences

$0.00

(0.00%)

03/08/13
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  • 24

    Oct

  • 14

    Nov

  • 29

    Nov

TLRY

Tilray

$146.52

-11.62 (-7.35%)

09:56
10/17/18
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09:56
Hot Stocks
Tilray CEO says cannabis could disrupt $150B-$200B from other markets »

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DISCB

Discovery Inc.

$34.00

(0.00%)

09:55
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09:55
Hot Stocks
Breaking Hot Stocks news story on Discovery Inc. »

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SHOP

Shopify

$138.20

-7.75 (-5.31%)

09:55
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Options
Shopify put volume heavy and directionally bearish »

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  • 25

    Oct

  • 13

    Nov

NFLX

Netflix

$366.40

20 (5.77%)

, UAL

United Continental

$87.23

3.72 (4.45%)

09:55
10/17/18
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Options
Early notable gainers among liquid option names on October 17th »

Notable gainers among…

NFLX

Netflix

$366.40

20 (5.77%)

UAL

United Continental

$87.23

3.72 (4.45%)

LRCX

Lam Research

$149.48

4.15 (2.86%)

GE

General Electric

$12.42

0.325 (2.69%)

AAL

American Airlines

$34.52

1.22 (3.66%)

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  • 17

    Oct

  • 25

    Oct

  • 13

    Nov

09:55
10/17/18
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09:55
General news
FOMC minutes preview: there should be no surprises »

FOMC minutes preview:…

09:55
10/17/18
10/17
09:55
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09:55
Conference/Events
The Brookings Institution to hold a discussion »

Unconventional Monetary…

FMS

Fresenius Medical

$40.90

-8.96 (-17.97%)

09:53
10/17/18
10/17
09:53
10/17/18
09:53
Hot Stocks
Breaking Hot Stocks news story on Fresenius Medical »

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MRCY

Mercury Systems

$49.91

-1.57 (-3.05%)

, SMCI

Super Micro Computer

$0.00

(0.00%)

09:51
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10/17
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09:51
Hot Stocks
Spruce Point links Mercury Systems to Super Micro, sees 50%-60% downside »

Citing its "forensic…

MRCY

Mercury Systems

$49.91

-1.57 (-3.05%)

SMCI

Super Micro Computer

$0.00

(0.00%)

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  • 30

    Oct

  • 29

    Nov

09:49
10/17/18
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09:49
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09:49
Hot Stocks
Breaking Hot Stocks news story  »

Reading International…

PVTL

Pivotal Software

$17.82

-2.12 (-10.63%)

09:47
10/17/18
10/17
09:47
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09:47
Hot Stocks
Pivotal Software falls -10.4% »

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FMS

Fresenius Medical

$41.00

-8.86 (-17.77%)

09:47
10/17/18
10/17
09:47
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09:47
Hot Stocks
Fresenius Medical falls -17.8% »

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