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AMZN

Amazon.com

$1,386.23

46.63 (3.48%)

, MCK

McKesson

$149.02

0.09 (0.06%)

08:22
02/13/18
02/13
08:22
02/13/18
08:22

Technical Take: McKesson drops as Amazon pushes medical supplies business

As previously reported, the WSJ said that Amazon.com (AMZN) is looking to expand its medical supplies business, which is negatively impacting the stocks of Owens & Minor (OMI), McKesson (MCK), and Cardinal Health (CAH). In pre-market trading, the stock of McKesson (MCK) was last down over 3% to $144.50. At that price next support is at $142.87. Resistance is at $145.72.

AMZN

Amazon.com

$1,386.23

46.63 (3.48%)

MCK

McKesson

$149.02

0.09 (0.06%)

  • 18

    Mar

AMZN Amazon.com
$1,386.23

46.63 (3.48%)

02/12/18
BERN
02/12/18
NO CHANGE
BERN
'Ship with Amazon' gives options to merchants not storing with company, says Bernstein
Bernstein analyst David Vernon believes Amazon (AMZN) is trying to grow Fulfillment by Amazon volume without growing the FBA physical footprint. The "Ship with Amazon" feature seems like an attempt to make Amazon transportation options available to a select list of merchants who do not wish to pay Amazon for the cost of storing their inventory the fulfillment centers, he contends. The analyst believes UPS (UPS) and FedEx (FDX) need to enforce commercial discipline and communicate better.
02/13/18
DADA
02/13/18
NO CHANGE
Target $1800
DADA
Buy
Amazon.com investors should take advantage of pullback, says DA Davidson
DA Davidson analyst Tom Forte keeps his Buy rating and $1,800 on Amazon.com but says that investors should take advantage of the latest pullback to add to their positions. In addition to valuation, Forte cites the press reports on the latest hiring of Jennifer Salke as the new head of Amazon Studios, thereby filling "an important void after a potential period of disruption" and bringing one of its most significant areas of investment - proprietary content - back on track. The analyst notes that among Salke's prior accomplishments as the President of NBC Entertainment were hit shows such as "This Is Us", "Glee", "Modern Family", and "Prison Break".
02/13/18
WELS
02/13/18
NO CHANGE
WELS
AmerisourceBergen acquisition by Walgreens makes sense, says Wells Fargo
Commenting on The Wall Street Journal report saying Walgreens (WBA) has approached AmerisourceBergen (ABC) in a takeover attempt and the companies remain early in their discussions, Wells Fargo analyst Peter Costa tells investors he believes the acquisition makes sense given the already existing long-term partnership and limited ability to merge laterally. Further, the analyst believes a potential combination could help lower costs and wring out synergies in the U.S. drug distribution channel, and better position Walgreens in the face of increasing competitive threat from a possible Amazon (AMZN) entry. However, a merger might risk alienating AmerisourceBergen's retail pharmacy customers that compete with Walgreens' pharmacies, he contends.
02/13/18
MACQ
02/13/18
NO CHANGE
Target $1750
MACQ
Outperform
Amazon's Twitch aggregate viewership continues to rise, says Macquarie
Macquarie analyst Benjamin Schachter says Amazon's (AMZN) Twitch aggregate viewership continues to rise, and Twitch is now bigger than CNN (TWX). While eSports as a whole is becoming a more concrete opportunity, the analyst notes that which games and genres will be the most popular/viewed eSports over time is unclear. Schachter also highlights that the Overwatch League launched to peak views of over 408K and over 10M unique viewers across the opening week, and that display ads on Amazon properties like Twitch are meaningful contributors to Other revenue, which grew 58% to $4.65B in 2017. He reiterates an Outperform rating and $1,750 price target on Amazon's shares.
MCK McKesson
$149.02

0.09 (0.06%)

01/23/18
NEED
01/23/18
NO CHANGE
Target $180
NEED
Buy
McKesson price target raised to $180 from $173 at Needham
Needham analyst Kevin Caliendo raised his price target on McKesson to $180 and kept his Buy rating ahead of the company's Q3 earnings next week. The analyst expects McKesson to update on the impact of U.S. corporate tax changes on earnings, anticipating it to be a net positive with a forward rate below the currently projected 24% in FY18.
01/24/18
JEFF
01/24/18
UPGRADE
Target $205
JEFF
Buy
McKesson upgraded to Buy from Hold at Jefferies
Jefferies analyst Brian Tanquilut upgraded McKesson to Buy and raised his price target for the shares to $205 from $165. The combination of stabilizing generic drug pricing, a discounted valuation relative to peers and higher earnings estimates due to tax reform will "boost investor interest this year and push the stock's multiple to more appropriate levels," Tanquilut tells investors in a research note. He sees 20% upside from current share levels.
01/24/18
01/24/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McKesson (MCK) upgraded to Buy from Hold at Jefferies analyst Brian Tanquilut saying the combination of stabilizing generic drug pricing, a discounted valuation relative to peers and higher earnings estimates due to tax reform will "boost investor interest this year and push the stock's multiple to more appropriate levels." 2. Cree (CREE) upgraded to Hold from Sell at Williams Capital. 3. 3M (MMM) upgraded to Buy from Neutral at Hilliard Lyons with analyst Spencer Joyce saying he sees as a tactical opportunity ahead of its earnings report as he expects estimates to rise following the company's fourth quarter earnings release. 4. Energen (EGN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Evan Calio saying he expects oil markets to tighten and gas to remain weak in 2018. 5. Capital City Bank (CCBG) was upgraded to Outperform from Market Perform at Hovde Group and to Hold from Sell at Sandler O'Neill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/12/18
COWN
02/12/18
NO CHANGE
COWN
Recent pullback in drug distributors a buying opportunity, says Cowen
Cowen analyst Charles Ryhee said the recent pullback in drug distributors is unwarranted given the space's improving underlying fundamentals. He said the core distribution business is seeing stable generic pricing for both buy-side and sell-side and he believes concerns regarding likely proposed Medicare Part B changes are overblown. Ryhee reiterated his Outperform rating on both McKesson (MCK) and AmerisourceBergen (ABC) shares.

TODAY'S FREE FLY STORIES

MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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HSBC

HSBC

$51.23

0.19 (0.37%)

16:49
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02/23
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16:49
Syndicate
Breaking Syndicate news story on HSBC »

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X

U.S. Steel

$43.52

0.54 (1.26%)

, AKS

AK Steel

$5.50

-0.12 (-2.14%)

16:48
02/23/18
02/23
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Periodicals
Breaking Periodicals news story on U.S. Steel, AK Steel »

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X

U.S. Steel

$43.52

0.54 (1.26%)

AKS

AK Steel

$5.50

-0.12 (-2.14%)

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PPL

PPL Corp.

$30.34

0.82 (2.78%)

16:36
02/23/18
02/23
16:36
02/23/18
16:36
Syndicate
PPL Corp. files to sell $1B of common stock »

J.P. Morgan Securities,…

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L

Loews

$50.34

0.74 (1.49%)

16:33
02/23/18
02/23
16:33
02/23/18
16:33
Syndicate
Breaking Syndicate news story on Loews »

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  • 30

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GBL

GAMCO Investors

$27.26

1.56 (6.07%)

, CHE

Chemed

$261.22

5.59 (2.19%)

16:31
02/23/18
02/23
16:31
02/23/18
16:31
Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Chemed »

Gabelli reports 4.28%…

GBL

GAMCO Investors

$27.26

1.56 (6.07%)

CHE

Chemed

$261.22

5.59 (2.19%)

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16:30
02/23/18
02/23
16:30
02/23/18
16:30
Options
Preliminary option volume of 19.2M today »

Preliminary option volume…

CTO

Consolidated Tomoka

$62.60

0.73 (1.18%)

16:24
02/23/18
02/23
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16:24
Hot Stocks
Consolidated Tomoka acquires net lease property in Aspen, CO for $26.5M »

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  • 23

    May

HPE

HP Enterprise

$18.14

1.73 (10.54%)

, HPQ

HP Inc.

$22.13

0.74 (3.46%)

16:21
02/23/18
02/23
16:21
02/23/18
16:21
General news
On The Fly: Top stock stories for Friday »

Stocks opened in positive…

HPE

HP Enterprise

$18.14

1.73 (10.54%)

HPQ

HP Inc.

$22.13

0.74 (3.46%)

BUFF

Blue Buffalo Pet Products

$40.00

5.88 (17.23%)

GIS

General Mills

$52.98

-1.97 (-3.59%)

JWN

Nordstrom

$53.56

3.29 (6.54%)

MOMO

Momo

$35.75

5.22 (17.10%)

TTD

Trade Desk

$59.94

11.54 (23.84%)

KMPH

KemPharm

$6.00

0.738 (14.03%)

GOGO

Gogo

$8.88

-0.25 (-2.74%)

AAL

American Airlines

$53.39

0.41 (0.77%)

OLED

Universal Display

$130.40

-24.5 (-15.82%)

FSLR

First Solar

$61.79

-4.49 (-6.77%)

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  • 23

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VIX

Volatility Index S&P 500 Options

16:20
02/23/18
02/23
16:20
02/23/18
16:20
Options
Closing CBOE SPX and VIX Index summary for February 23rd »

The CBOE Volatility Index…

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SEMG

SemGroup

$25.50

1.5 (6.25%)

, VLO

Valero

$92.46

0.41 (0.45%)

16:18
02/23/18
02/23
16:18
02/23/18
16:18
Hot Stocks
SemGroup to sell SemLogistics business unit to Valero »

SemGroup (SEMG) announced…

SEMG

SemGroup

$25.50

1.5 (6.25%)

VLO

Valero

$92.46

0.41 (0.45%)

03/08/13
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  • 26

    Feb

$NSD

NASDAQ Market Internals

16:17
02/23/18
02/23
16:17
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

16:16
02/23/18
02/23
16:16
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16:16
Technical Analysis
NYSE market internals summary »

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WEN

Wendy's

16:11
02/23/18
02/23
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Breaking Hot Stocks news story on Wendy's »

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  • 07

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:09
02/23/18
02/23
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Earnings
Breaking Earnings news story on IRIDEX »

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  • 08

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:09
02/23/18
02/23
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Earnings
Breaking Earnings news story on IRIDEX »

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  • 08

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HTZ

Hertz

$20.65

0.085 (0.41%)

, SYMC

Symantec

$27.43

0.45 (1.67%)

16:07
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Corporate pressure on NRA builds as more companies cut ties »

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HTZ

Hertz

$20.65

0.085 (0.41%)

SYMC

Symantec

$27.43

0.45 (1.67%)

MET

MetLife

$47.41

0.78 (1.67%)

CB

Chubb

$143.76

0.69 (0.48%)

AOBC

American Outdoor Brands

$10.00

-0.12 (-1.19%)

RGR

Sturm, Ruger

$49.80

0.8 (1.63%)

VSTO

Vista Outdoor

$18.19

-0.23 (-1.25%)

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    Jun

NNA

Navios Acquisition

$0.74

-0.0135 (-1.79%)

16:06
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Navios Acquisition receives continue listing standards notice from NYSE »

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:06
02/23/18
02/23
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16:06
Hot Stocks
IRIDEX issues voluntary recall of TruFocus LIO Premiere ophthalmoscope »

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  • 08

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GBL

GAMCO Investors

$25.75

0.05 (0.19%)

15:57
02/23/18
02/23
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Hot Stocks
GAMCO Investors up over 5% after Gabelli waives compensation »

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SCBFF

Standard Chartered

$11.56

0.13 (1.14%)

15:56
02/23/18
02/23
15:56
02/23/18
15:56
Conference/Events
Standard Chartered management to meet with JPMorgan »

Meeting to be held in New…

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  • 01

    Mar

NOAH

Noah Holdings

$48.94

2.14 (4.57%)

15:52
02/23/18
02/23
15:52
02/23/18
15:52
Conference/Events
Noah Holdings management to meet with JPMorgan »

Meeting to be held in New…

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  • 01

    Mar

TWX

Time Warner

$94.93

0.56 (0.59%)

15:50
02/23/18
02/23
15:50
02/23/18
15:50
Options
Repeat option action in Time Warner »

Repeat option action in…

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  • 23

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GBL

GAMCO Investors

$25.75

0.05 (0.19%)

15:49
02/23/18
02/23
15:49
02/23/18
15:49
Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors »

Gamco Investors trading…

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VIPS

Vipshop

$18.85

0.5 (2.72%)

15:47
02/23/18
02/23
15:47
02/23/18
15:47
Conference/Events
Vipshop management to meet with JPMorgan »

Meetings to be held in…

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