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WMT

Walmart

$100.91

1.36 (1.37%)

, AMZN

Amazon.com

$1,386.23

46.63 (3.48%)

14:10
02/13/18
02/13
14:10
02/13/18
14:10

Walmart to eliminate certain store management jobs, WSJ says

In an effort to compete with Amazon (AMZN) in e-commerce, certain store management positions at Walmart (WMT) are being eliminated, according to the Wall Street Journal. According to sources, the retailer intends to eliminate two department manager positions, including managers who oversee cellphone departments and online-grocery pickup in some of its 4,700 U.S. stores, according to the WSJ. Reference Link

WMT

Walmart

$100.91

1.36 (1.37%)

AMZN

Amazon.com

$1,386.23

46.63 (3.48%)

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    Mar

WMT Walmart
$100.91

1.36 (1.37%)

02/08/18
SBSH
02/08/18
NO CHANGE
Target $117
SBSH
Buy
Citi views upcoming Q4 earnings report from Walmart as catalyst
Citi analyst Kate McShane thinks Walmart's Q4 earnings report on February 20 will be a catalyst for the shares. Given positive holiday commentary from several retailers, the potential upside risk to comps is high, McShane tells investors in a pre-earnings research note. Her same-store-sales assumption for Q4 is up 3.0%, which is higher than the Street's up 2.0%. Should same-store-sales come in better than 3%, the stock will likely see "notable upside," McShane contends. The analyst keeps a Buy rating on Walmart with a $117 price target.
01/26/18
LEHM
01/26/18
NO CHANGE
Target $120
LEHM
Overweight
Walmart price target raised to $120 from $110 at Barclays
Barclays analyst Karen Short raised her price target for Walmart to $120 despite lowering her earnings estimates for the retailer. Short dropped her fiscal 2019 earnings per share estimate to $5.20 from $5.40 to reflect the increase in U.S. starting wages, the closure of certain Sam's Club stores and "increased visibility" into the U.S. tax rate. The analyst notes, however, that she didn't raise her price target for Walmart shares when increasing estimates for the entire sector due to tax reform. Short keeps an Overweight rating on Walmart.
01/25/18
MSCO
01/25/18
NO CHANGE
Target $74
MSCO
Equal Weight
Tractor Supply worries about Amazon risk overblown, for now, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman said his survey of 800 consumers living within 20 miles of a Tractor Supply (TSCO) store suggests there is no cause for immediate concern about the e-commerce threat in pet food, but there are "warning signs that bear watching." Chewy.com, Walmart.com (WMT) and Amazon (AMZN) are gaining significant traction online in pet food and the evolution of shopping patterns could pose a long-term risk to Tractor Supply, though the e-commerce risk does not appear imminent, said Gutman, who keeps an Equal Weight rating on Tractor Supply shares.
01/18/18
01/18/18
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. Walmart (WMT) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Matthew Fassler saying selling consumables to middle-income consumers in small markets remains a compelling strategic position. 2. Hertz (HTZ) upgraded to Outperform from Neutral at Macquarie with analyst Hamzah Mazari saying he is more bullish on 2018 rental car pricing given fleet cutting by Enterprise, the positive impact on corporate travel from tax reform, and the potential US infrastructure bill creating excess demand. For Hertz specifically. 3. Alarm.com (ALRM) upgraded to Buy from Hold at Jefferies analyst John DiFucci saying Alarm.com is at the forefront of the trend towards connected homes and devices. 4. PPL Corp. (PPL) upgraded to Buy from Hold at Deutsche Bank with analyst Jonathan Arnold saying the current valuation is "too cheap to ignore," and U.K. energy regulator Ofgem failing to implement a mid-period review of RIIO-ED1 offers "decent prospects for a near-term re-rating catalyst." 5. Fluor (FLR) upgraded to Outperform from Neutral at Credit Suisse with analyst Jamie Cook saying investors will gravitate back to Engineering & Construction stocks as fundamentals for the group are improving. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AMZN Amazon.com
$1,386.23

46.63 (3.48%)

02/13/18
NEED
02/13/18
NO CHANGE
NEED
Needham a buyer of Medical Technologies product makers on Amazon headlines
After The Wall Street Journal report claiming that Amazon (AMZN) is attempting to become a major hospital supplier, Needham analyst Mike Matson said that he believes the e-commerce giant has typically disrupted middlemen much more than manufacturers. The analyst, who thinks Amazon's model may work for "lower tech" products but is unlikely to work with "higher tech" products, would be a buyer of Medical Technologies product maker stocks if they are down on weakness related to the headline risk represented by Amazon. However, Matson notes that he believe that Cantel Medical (CMD), CONMED (CNMD), Medtronic (MDT), Stryker (SYK) and Teleflex (TFX) generate a portion of their sales from "lower tech" products. Other stocks in MedTech manufacturing include AtriCure (ATRI), Cardiovascular Systems (CSII), Hill-Rom (HRC), K2M Group (KTWO), Mazor Robotics (MZOR), Zimmer Biomet (ZBH), Boston Scientific (BSX), Globus Medical (GMED), NuVasive (NUVA) and Wright Medical (WMGI).
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.
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
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".

TODAY'S FREE FLY STORIES

PPG

PPG

$102.31

1.31 (1.30%)

11:30
01/16/19
01/16
11:30
01/16/19
11:30
Options
PPG Industries puts active ahead of earnings »

PPG Industries puts…

03/08/13
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  • 17

    Jan

EADSY

Airbus

$0.00

(0.00%)

11:29
01/16/19
01/16
11:29
01/16/19
11:29
Periodicals
Airbus investing $300M for new A220 plant in Alabama, Reuters reports »

Airbus is investing $300M…

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BUD

AB InBev

$70.49

-2.04 (-2.81%)

, ACN

Accenture

$148.37

1.53 (1.04%)

11:29
01/16/19
01/16
11:29
01/16/19
11:29
On The Fly
Downgrades of IT Hardware sector, AB Inbev among today's top analyst calls »

Check out today's top…

BUD

AB InBev

$70.49

-2.04 (-2.81%)

ACN

Accenture

$148.37

1.53 (1.04%)

HPE

HP Enterprise

$14.08

-0.37 (-2.56%)

NTAP

NetApp

$61.25

-1.23 (-1.97%)

NTNX

Nutanix

$49.83

1.075 (2.20%)

TDC

Teradata

$43.09

1.35 (3.23%)

AAPL

Apple

$155.13

2.09 (1.37%)

AVGO

Broadcom

$255.49

-1.02 (-0.40%)

CRUS

Cirrus Logic

$36.22

0.74 (2.09%)

QRVO

Qorvo

$61.91

0.36 (0.58%)

SWKS

Skyworks

$69.44

0.99 (1.45%)

SYNA

Synaptics

$39.79

0.15 (0.38%)

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

Red Hat

$175.73

0.16 (0.09%)

, IBM

IBM

$121.35

-0.4 (-0.33%)

11:29
01/16/19
01/16
11:29
01/16/19
11:29
Hot Stocks
Red Hat shareholders approve merger with IBM »

In a regulatory filing,…

RHT

Red Hat

$175.73

0.16 (0.09%)

IBM

IBM

$121.35

-0.4 (-0.33%)

03/08/13
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03/06/13
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    Feb

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    Mar

BB

BlackBerry

$7.67

0.14 (1.86%)

11:25
01/16/19
01/16
11:25
01/16/19
11:25
Options
BlackBerry call volume above normal and directionally bullish »

Bullish option flow…

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11:25
01/16/19
01/16
11:25
01/16/19
11:25
General news
Atlanta Fed's Q4 GDPNow estimate was stuck at 2.8% »

Atlanta Fed's Q4…

11:25
01/16/19
01/16
11:25
01/16/19
11:25
Conference/Events
UBS communications/media analysts to hold a luncheon meeting »

Communications &…

BLK

BlackRock

$416.74

16.51 (4.13%)

11:23
01/16/19
01/16
11:23
01/16/19
11:23
Hot Stocks
BlackRock says Fink letter 'coming soon' after fake version circulated »

BlackRock's official…

03/08/13
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    Jan

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
01/16/19
01/16
11:17
01/16/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
01/16/19
01/16
11:16
01/16/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CF

CF Industries

$42.03

-1.26 (-2.91%)

11:15
01/16/19
01/16
11:15
01/16/19
11:15
Options
CF Industries put volume heavy and directionally bearish »

Bearish flow noted in CF…

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  • 28

    May

11:15
01/16/19
01/16
11:15
01/16/19
11:15
General news
U.S. VIX equity volatility rose 1.8% to probe 19.0 »

U.S. VIX equity…

SIG

Signet Jewelers

$33.76

-0.05 (-0.15%)

11:14
01/16/19
01/16
11:14
01/16/19
11:14
Hot Stocks
Signet Jewelers says to pay total of $11M to CFPB, NYS in investigations »

In a regulatory filing,…

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TWLO

Twilio

$98.39

-2.03 (-2.02%)

11:13
01/16/19
01/16
11:13
01/16/19
11:13
Rumors
Rumor moving shares of Twilio »

Rumor: Twilio moves off…

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  • 16

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11:10
01/16/19
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11:10
01/16/19
11:10
General news
Treasury Action: curve steepening has been the general trend this year »

Treasury Action: curve…

SQ

Square

$66.03

0.13 (0.20%)

, FISV

Fiserv

$70.17

-4.84 (-6.45%)

11:09
01/16/19
01/16
11:09
01/16/19
11:09
Recommendations
Square, Fiserv, First Data analyst commentary  »

Fiserv deal for First…

SQ

Square

$66.03

0.13 (0.20%)

FISV

Fiserv

$70.17

-4.84 (-6.45%)

FDC

First Data

$20.72

3.17 (18.06%)

03/08/13
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  • 25

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11:05
01/16/19
01/16
11:05
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11:05
General news
FX Action: USD-JPY »

FX Action: USD-JPY topped…

YELP

Yelp

$35.64

0.67 (1.92%)

11:03
01/16/19
01/16
11:03
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11:03
Hot Stocks
Breaking Hot Stocks news story on Yelp »

Yelp says to review…

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YELP

Yelp

$35.65

0.68 (1.94%)

11:03
01/16/19
01/16
11:03
01/16/19
11:03
Hot Stocks
Breaking Hot Stocks news story on Yelp »

Yelp says 'willing…

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YELP

Yelp

$35.65

0.68 (1.94%)

11:03
01/16/19
01/16
11:03
01/16/19
11:03
Hot Stocks
Yelp says 'open to hearing ideas and investor input, including from SQN' »

Yelp issued the following…

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JWN

Nordstrom

$43.85

-3.41 (-7.22%)

11:02
01/16/19
01/16
11:02
01/16/19
11:02
Downgrade
Nordstrom rating change  »

Nordstrom downgraded to…

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  • 03

    Mar

KEYS

Keysight Technologies

$68.05

-0.47 (-0.69%)

11:01
01/16/19
01/16
11:01
01/16/19
11:01
Hot Stocks
Keysight Technologies, others sign agreement with UNISOC »

Keysight Technologies…

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BDSI

BioDelivery Sciences

$4.24

0.08 (1.92%)

11:00
01/16/19
01/16
11:00
01/16/19
11:00
Options
Call buyer in BioDelivery Sciences International as the rally continues »

Call buyer in BioDelivery…

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11:00
01/16/19
01/16
11:00
01/16/19
11:00
General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

JPM

JPMorgan

$102.15

0.45 (0.44%)

10:55
01/16/19
01/16
10:55
01/16/19
10:55
Conference/Events
Economic Club of New York to hold a luncheon meeting »

JPMorgan Chairman &…

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