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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

YUMC

Yum China

$36.00

-0.8 (-2.17%)

20:46
07/19/18
07/19
20:46
07/19/18
20:46
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Yum China rating change at BofA/Merrill »

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MRSN

Mersana Therapeutics

$11.24

-5.275 (-31.95%)

20:45
07/19/18
07/19
20:45
07/19/18
20:45
Downgrade
Mersana Therapeutics rating change at Leerink »

Mersana Therapeutics…

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GE

General Electric

$13.73

-0.02 (-0.15%)

, HON

Honeywell

$147.57

-1.58 (-1.06%)

20:25
07/19/18
07/19
20:25
07/19/18
20:25
Earnings
Notable companies reporting before tomorrow's openGentex »

Notable companies…

GE

General Electric

$13.73

-0.02 (-0.15%)

HON

Honeywell

$147.57

-1.58 (-1.06%)

SLB

Schlumberger

$66.91

-0.16 (-0.24%)

BHGE

Baker Hughes

$31.75

-0.79 (-2.43%)

STT

State Street

$92.84

-2.505 (-2.63%)

VFC

VF Corp.

$89.21

1 (1.13%)

STI

SunTrust

$69.00

-0.85 (-1.22%)

SWK

Stanley Black & Decker

$139.60

1.33 (0.96%)

RF

Regions Financial

$17.62

-0.43 (-2.38%)

CFG

Citizens Financial

$40.66

-0.365 (-0.89%)

KSU

Kansas City Southern

$108.48

1.93 (1.81%)

GNTX

Gentex

$23.41

-0.41 (-1.72%)

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ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

20:11
07/19/18
07/19
20:11
07/19/18
20:11
Recommendations
Intuitive Surgical analyst commentary  »

Intuitive Surgical…

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CDNS

Cadence Design

$45.24

-0.29 (-0.64%)

20:04
07/19/18
07/19
20:04
07/19/18
20:04
Hot Stocks
Cadence Design announces Sigrity 2018 release »

Cadence Design announced…

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  • 23

    Jul

AVA

Avista

$50.40

0.06 (0.12%)

19:33
07/19/18
07/19
19:33
07/19/18
19:33
Hot Stocks
Idaho Public Utilities Commission postpones Avista and Hydro One merger hearing »

Hydro One Limited and…

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  • 01

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CRK

Comstock Resources

$11.35

-0.2 (-1.73%)

19:28
07/19/18
07/19
19:28
07/19/18
19:28
Hot Stocks
Comstock Resources acquires Haynesville shale assets for $31M »

Comstock Resources, …

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  • 08

    Aug

GRPN

Groupon

$4.76

0.04 (0.85%)

, IBM

IBM

$149.25

4.81 (3.33%)

19:16
07/19/18
07/19
19:16
07/19/18
19:16
Periodicals
Groupon lawyer says IBM shakes down other tech companies, Reuters says »

A lawyer for Groupon…

GRPN

Groupon

$4.76

0.04 (0.85%)

IBM

IBM

$149.25

4.81 (3.33%)

03/08/13
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  • 06

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WDC

Western Digital

$77.45

-1.33 (-1.69%)

19:06
07/19/18
07/19
19:06
07/19/18
19:06
Hot Stocks
Western Digital begins sampling 1.33 terrabit 3D NAND »

Western Digital announced…

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  • 26

    Jul

CE

Celanese

$109.84

-1.17 (-1.05%)

, LLNW

Limelight Networks

$4.69

-0.04 (-0.85%)

19:04
07/19/18
07/19
19:04
07/19/18
19:04
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

CE

Celanese

$109.84

-1.17 (-1.05%)

LLNW

Limelight Networks

$4.69

-0.04 (-0.85%)

ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

MSFT

Microsoft

$104.70

-0.38 (-0.36%)

SWKS

Skyworks

$102.46

0.41 (0.40%)

COF

Capital One

$95.32

-1.77 (-1.82%)

ETFC

E-Trade

$61.20

-1.94 (-3.07%)

PTCT

PTC Therapeutics

$36.61

1.59 (4.54%)

RWT

Redwood Trust

$16.64

0.135 (0.82%)

AEP

American Electric

$70.65

0.41 (0.58%)

WEC

WEC Energy

$65.23

0.51 (0.79%)

SKX

Skechers

$33.24

0.61 (1.87%)

FTD

FTD Companies

$4.52

0.06 (1.35%)

ZYNE

Zynerba

$10.40

0.24 (2.36%)

03/08/13
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03/06/13
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  • 04

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BG

Bunge

$67.99

-0.43 (-0.63%)

19:04
07/19/18
07/19
19:04
07/19/18
19:04
Periodicals
Bunge in talks to sell part of sugar trading unit to Wilmar, Bloomberg says »

Bunge is in discussions…

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  • 01

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PEG

PSEG

$52.18

0.42 (0.81%)

18:42
07/19/18
07/19
18:42
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18:42
Downgrade
PSEG rating change at Goldman Sachs »

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WEC

WEC Energy

$65.23

0.51 (0.79%)

18:41
07/19/18
07/19
18:41
07/19/18
18:41
Upgrade
WEC Energy rating change at Goldman Sachs »

WEC Energy upgraded to…

03/08/13
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AEP

American Electric

$70.65

0.41 (0.58%)

18:41
07/19/18
07/19
18:41
07/19/18
18:41
Upgrade
American Electric rating change at Goldman Sachs »

American Electric…

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  • 25

    Jul

ETR

Entergy

$80.97

0.465 (0.58%)

18:40
07/19/18
07/19
18:40
07/19/18
18:40
Upgrade
Entergy rating change at Goldman Sachs »

Entergy upgraded to Buy…

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LLY

Eli Lilly

$89.45

-0.6 (-0.67%)

, INCY

Incyte

$70.10

-0.3 (-0.43%)

18:33
07/19/18
07/19
18:33
07/19/18
18:33
Hot Stocks
Lancet study shows benefit of Baricitinib 4 mg for treatment of SLE »

Eli Lilly (LLY) and…

LLY

Eli Lilly

$89.45

-0.6 (-0.67%)

INCY

Incyte

$70.10

-0.3 (-0.43%)

03/08/13
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03/06/13
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  • 24

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T

AT&T

$31.27

-0.46 (-1.45%)

18:20
07/19/18
07/19
18:20
07/19/18
18:20
Periodicals
U.S. court clears expedited appeal of AT&T-Time Warner deal, Reuters says »

A federal appeals court…

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  • 24

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VLKAY

Volkswagen

$0.00

(0.00%)

18:17
07/19/18
07/19
18:17
07/19/18
18:17
Periodicals
VW to furlough roughly 1,000 workers at biggest factory in Brazil, Reuters says »

Volkswagen intends to…

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GOOG

Alphabet

$1,187.14

-8.67 (-0.73%)

, GOOGL

Alphabet Class A

$1,199.26

-13.38 (-1.10%)

18:09
07/19/18
07/19
18:09
07/19/18
18:09
Periodicals
Google faces uphill but not insurmountable fight to appeal EU fine, WSJ says »

Google (GOOG) parent…

GOOG

Alphabet

$1,187.14

-8.67 (-0.73%)

GOOGL

Alphabet Class A

$1,199.26

-13.38 (-1.10%)

INTC

Intel

$52.01

0.3 (0.58%)

03/08/13
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  • 23

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    Oct

NWE

NorthWestern

$58.29

0.56 (0.97%)

18:03
07/19/18
07/19
18:03
07/19/18
18:03
Earnings
Breaking Earnings news story on NorthWestern »

NorthWestern reaffirms…

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  • 20

    Jul

MSFT

Microsoft

$104.70

-0.38 (-0.36%)

18:03
07/19/18
07/19
18:03
07/19/18
18:03
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft up 4.4%…

03/08/13
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  • 19

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  • 04

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NWE

NorthWestern

$58.29

0.56 (0.97%)

18:03
07/19/18
07/19
18:03
07/19/18
18:03
Earnings
NorthWestern reports Q2 EPS 87c, consensus 47c »

Reports Q2 revenue…

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  • 20

    Jul

MSFT

Microsoft

$104.70

-0.38 (-0.36%)

18:02
07/19/18
07/19
18:02
07/19/18
18:02
Hot Stocks
Microsoft sees Q1 effective tax rate slightly lower »

Sees Q1…

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  • 19

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  • 04

    Sep

CVX

Chevron

$121.72

0.17 (0.14%)

, BP

BP

$44.44

0.2 (0.45%)

17:58
07/19/18
07/19
17:58
07/19/18
17:58
Periodicals
Judge dismisses NYC climate lawsuit against oil majors, Reuters reports »

U.S. District Judge John…

CVX

Chevron

$121.72

0.17 (0.14%)

BP

BP

$44.44

0.2 (0.45%)

COP

ConocoPhillips

$69.70

-0.65 (-0.92%)

XOM

Exxon Mobil

$82.01

-0.22 (-0.27%)

RDS.A

Royal Dutch Shell

$69.17

0.27 (0.39%)

RDS.B

Royal Dutch Shell

$72.44

0.14 (0.19%)

03/08/13
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  • 26

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MSFT

Microsoft

$104.70

-0.38 (-0.36%)

17:58
07/19/18
07/19
17:58
07/19/18
17:58
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft sees FY19 tax…

03/08/13
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