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AAPL

Apple

$178.97

3.47 (1.98%)

, TWTR

Twitter

$31.72

-0.44 (-1.37%)

12:02
02/27/18
02/27
12:02
02/27/18
12:02

Apple hires former Twitter VP of Engineering Michael Abbot, TMO reports

Apple (AAPL) has hired Michael Abbot, Twitter's (TWTR) former VP of Engineering, The Mac Observer reports. It is unclear what he will do at Apple, but a personal blog post from Abbot last year said, "Like you, perhaps, I am captivated by what AR could enable, and fascinated by 'real' applications of AI/ML, or how security techniques from the world of geopolitics are influencing enterprise technologies." Reference Link

AAPL

Apple

$178.97

3.47 (1.98%)

TWTR

Twitter

$31.72

-0.44 (-1.37%)

  • 27

    Feb

  • 28

    Feb

  • 07

    Mar

AAPL Apple
$178.97

3.47 (1.98%)

02/16/18
RAJA
02/16/18
INITIATION
RAJA
Market Perform
Apple resumed with a Market Perform at Raymond James
Raymond James analyst Chris Caso resumed Apple with a Market Perform rating, saying investors now know there is no "supercycle" for this round of the iPhone and he believes consensus expectations have been set appropriately lower. He thinks a "massive" cash return program announcement in April will be the next catalyst for the stock, but also does not see this as a reason to be overweight the stock as he believes it is well anticipated.
02/20/18
NEED
02/20/18
UPGRADE
Target $180
NEED
Buy
Universal Display upgraded to Buy at Needham on valuation
As reported earlier, Needham analyst James Ricchiuti upgraded Universal Display (OLED) to Buy from Hold with a $180 price target. The analyst says that he has been looking for the right entry point on the stock since the summer, and the recent 25% selloff from the high offers that opportunity. While expectations for Q4 results this week are more cautious amid the anxiousness around the Samsung (SSNLF) and Apple (AAPL) ramp, the positives of the new Samsung license agreement in hand and capacity ramping in Korea and China over the next two years outweigh the concerns.
02/23/18
CHLM
02/23/18
NO CHANGE
Target $17
CHLM
Buy
Immersion price target raised to $17 from $15 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss says Immersion's (IMMR) guidance for 2018 is better than expected on the heels of the settlement Apple (AAPL) settlement. In a research note to clients, Stoss, who raised his price target to $17 from $15 and has a Buy rating on shares, said the implied Apple settlement appears to be towards the high end or above his previous $25M-$30M expectation. Due to ASC606 accounting, a portion of the Apple settlement will be taken in Q1 with the rest ratable over the life of the contract. He also noted that litigation spend guidance was a vast improvement vs. actual spend in 2017. He looks for additional pending lawsuit settlements with Samsung (SSNLF), Fitbit (FIT) and Motorola (MSI) in the coming months and years, penetration into new markets like China and growing adoption in automotive to drive the stock.
02/27/18
BERN
02/27/18
NO CHANGE
Target $170
BERN
Market Perform
Apple Music to become key driver of ARPU growth for services, says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. says Apple (AAPL) Music appears positioned to become a key driver of ARPU growth for Services. Looking forward, the analyst estimates that Apple Music could grow at 70% in FY18 and 50% in FY19, contributing nearly 500 bps per year to Services revenue growth and enabling Apple's overall music business to become meaningfully accretive to Services revenue and ARPU for the first time in years. Additionally, Sacconaghi notes that the growth trajectories of both Spotify and Apple Music appear to be stronger than of satellite radio and Netflix (NFLX). The analyst reiterates a Market Perform rating and $170 price target on Apple's shares.
TWTR Twitter
$31.72

-0.44 (-1.37%)

02/09/18
RHCO
02/09/18
NO CHANGE
Target $29
RHCO
Hold
Twitter price target raised to $29 from $18 at SunTrust
SunTrust analyst Youssef Squali raised his price target on Twitter to $29 after improved monetization seen in the company's Q4 earnings, but says the flat MAU's and high valuation keeps his rating on Hold. Squali points to "growing user engagement and better cost containment leading to record high margins and free cash flow" and believes the momentum is likely sustainable as Twitter management improves the product and the ad platform to attract larger advertisers.
02/09/18
02/09/18
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. Twitter (TWTR) upgraded to Sector Perform from Underperform at RBC Capital with analyst Mark Mahaney saying the fourth quarter revenue and EBITDA were materially better than expected, and while MAU's were below consensus, DAU's grew for the first time at a double-digit rate. 2. iRobot (IRBT) upgraded to Outperform from Market Perform at Raymond James with analyst Mark Strouse saying he sees a more balanced risk/reward following the recent pullback in the shares. 3. Regeneron (REGN) upgraded to Outperform from Neutral at Baird with analyst Brian Skorney noting its selloff since last year and believes its valuation has reached a point where the selloff is overdone. 4. Teva (TEVA) upgraded to Sector Perform from Underperform at RBC Capital with analyst Randall Stanicky saying the 11% sell-off in the stock price following the company's guidance update has removed the debate around 2018 EBITDA target and sees limited downside from the current levels. 5. United Technologies (UTX) upgraded to Buy from Hold at Argus with analyst John Eade saying the company remains a leader in a number of global industries and should continue to benefit from population growth and middle class expansion in developing markets. 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
BMOC
02/12/18
NO CHANGE
Target $28
BMOC
Market Perform
Twitter price target raised to $28 from $22 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Twitter (TWTR) to $28 after Q1 results, saying the company has a "clearer strategy" to sustain its revenue momentum thanks to video and AI helping grow mainstream adoption. As top-line pressures fade, writes the analyst in his research note titled "Solid Steps Down Road to Recovery", the stock could become "more interesting", though he is also weary of Facebook (FB) competition still "looming large". Salmon keeps a Market Perform rating on Twitter.
02/15/18
MSCO
02/15/18
NO CHANGE
Target $28
MSCO
Underweight
Twitter price target raised to $28 from $15 at Morgan Stanley
Morgan Stanley analyst Brian Nowak said he underestimated Twitter's (TWTR) turnaround efforts throughout 2017 and he has raised his price target on the stock to $28 from $15 given the company's better revenue outlook and high incremental margins. However, despite Twitter's better than expected results, he still sees the stock being a relative underperformer from current levels when compared to faster growing peers like Facebook (FB) and Alphabet (GOOGL), he tells investors. Nowak keeps an Underweight rating on Twitter.

TODAY'S FREE FLY STORIES

MU

Micron

$56.14

-0.22 (-0.39%)

, INTC

Intel

$52.02

-0.21 (-0.40%)

17:59
07/16/18
07/16
17:59
07/16/18
17:59
Hot Stocks
Micron and Intel announce update to 3D XPoint joint development program »

Micron (MU) and Intel…

MU

Micron

$56.14

-0.22 (-0.39%)

INTC

Intel

$52.02

-0.21 (-0.40%)

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AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

17:59
07/16/18
07/16
17:59
07/16/18
17:59
Periodicals
Amazon Web Services experiences errors amid Prime Day snag, CNBC says »

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PZZA

Papa John's

$51.43

-2.04 (-3.82%)

17:41
07/16/18
07/16
17:41
07/16/18
17:41
Periodicals
Papa John's founder regrets stepping down as chairman, Bloomberg says »

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  • 18

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GLD

SPDR Gold Trust

$117.55

-0.045 (-0.04%)

17:36
07/16/18
07/16
17:36
07/16/18
17:36
Hot Stocks
SPDR Gold Trust holdings fall to 794.01MT from 795.19MT »

This is the lowest level…

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MAXR

Maxar Technologies

$51.87

-1.06 (-2.00%)

17:29
07/16/18
07/16
17:29
07/16/18
17:29
Hot Stocks
Maxar's MDA acquires Neptec Design Group for C$42M »

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ADSK

Autodesk

$136.21

-0.99 (-0.72%)

17:29
07/16/18
07/16
17:29
07/16/18
17:29
Syndicate
Breaking Syndicate news story on Autodesk »

Autodesk files to sell…

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CBS

CBS

$58.83

-0.18 (-0.31%)

17:28
07/16/18
07/16
17:28
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17:28
Hot Stocks
Showtime: Cohen did not present self as disabled veteran in 'Who is America?' »

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KTOV

Kitov Pharmaceuticals

$2.22

-0.13 (-5.53%)

17:27
07/16/18
07/16
17:27
07/16/18
17:27
Syndicate
Kitov Pharmaceuticals files to sell 2.56M American Depositary Shares »

Each representing 20…

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AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

17:22
07/16/18
07/16
17:22
07/16/18
17:22
Hot Stocks
Amazon says 'some customers are having difficulty shopping' on Prime Day »

In a posting to its…

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  • 18

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  • 16

    Aug

FAF

First American

$51.89

0.02 (0.04%)

, FNF

Fidelity National

$37.23

0.14 (0.38%)

17:21
07/16/18
07/16
17:21
07/16/18
17:21
Upgrade
First American, Fidelity National rating change  »

First American upgraded…

FAF

First American

$51.89

0.02 (0.04%)

FNF

Fidelity National

$37.23

0.14 (0.38%)

03/08/13
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  • 18

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NAKD

Naked Brand Group

$4.95

-0.15 (-2.94%)

17:20
07/16/18
07/16
17:20
07/16/18
17:20
Syndicate
Breaking Syndicate news story on Naked Brand Group »

Naked Brand Group files…

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FNF

Fidelity National

$37.23

0.14 (0.38%)

17:20
07/16/18
07/16
17:20
07/16/18
17:20
Upgrade
Fidelity National rating change  »

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  • 18

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LMT

Lockheed Martin

$319.13

0.69 (0.22%)

17:20
07/16/18
07/16
17:20
07/16/18
17:20
Hot Stocks
Lockheed Martin awarded $450.7M U.S. Navy contract modification »

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  • 16

    Jul

FDEF

First Defiance Financial

$33.61

1.005 (3.08%)

17:18
07/16/18
07/16
17:18
07/16/18
17:18
Earnings
First Defiance Financial reports Q2 adjusted EPS 54c, consensus 52c »

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  • 17

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LNT

Alliant Energy

$42.79

-0.14 (-0.33%)

17:05
07/16/18
07/16
17:05
07/16/18
17:05
Hot Stocks
Alliant Energy announces 210MW wind farm in Iowa »

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  • 22

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TRQ

Turquoise Hill

$2.94

0.11 (3.89%)

17:02
07/16/18
07/16
17:02
07/16/18
17:02
Hot Stocks
Turquoise Hill reports Q2 throughput production up 6.3% from Q1 »

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AVEO

Aveo Pharmaceuticals

$2.85

-0.055 (-1.90%)

17:02
07/16/18
07/16
17:02
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17:02
Syndicate
Breaking Syndicate news story on Aveo Pharmaceuticals »

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16:55
07/16/18
07/16
16:55
07/16/18
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Conference/Events
Morgan Stanleey econo »

Australian Economist…

RIG

Transocean

$13.10

-0.37 (-2.75%)

16:42
07/16/18
07/16
16:42
07/16/18
16:42
Hot Stocks
Transocean announces $75M 13-well contract for Transocean 712 »

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  • 31

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AG

First Majestic

$7.44

-0.265 (-3.44%)

16:40
07/16/18
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16:40
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16:40
Hot Stocks
First Majestic raises 2018 CapEx view to $148.7M from $125.4M »

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ALLY

Ally Financial

$27.24

-0.09 (-0.33%)

16:39
07/16/18
07/16
16:39
07/16/18
16:39
Hot Stocks
Ally Financial raises quarterly dividend to 15c from 13c per share »

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  • 26

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OSG

Overseas Shipholding

$3.51

-0.125 (-3.44%)

16:38
07/16/18
07/16
16:38
07/16/18
16:38
Hot Stocks
Overseas Shipholding signs contract with HMD for two chemical tankers »

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AG

First Majestic

$7.44

-0.265 (-3.44%)

16:38
07/16/18
07/16
16:38
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16:38
Hot Stocks
First Majestic reports Q2 production 5.1M Ag eq oz., raises 2018 guidance »

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CHDN

Churchill Downs

$303.50

0.05 (0.02%)

16:35
07/16/18
07/16
16:35
07/16/18
16:35
Hot Stocks
Churchill Downs to acquire remaining 50% ownership of Ocean Downs »

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  • 02

    Aug

BAC

Bank of America

$29.77

1.235 (4.33%)

, DB

Deutsche Bank

$12.14

0.9 (8.01%)

16:33
07/16/18
07/16
16:33
07/16/18
16:33
General news
Fly Intel: Wall Street's top stories for Monday »

Stocks drifted throughout…

BAC

Bank of America

$29.77

1.235 (4.33%)

DB

Deutsche Bank

$12.14

0.9 (8.01%)

TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

BHC

Bausch Health

$23.01

-0.39 (-1.67%)

VRX

Valeant

$0.00

(0.00%)

ARNC

Arconic

$19.19

1.8 (10.35%)

APO

Apollo Global

$35.90

-0.23 (-0.64%)

AMD

AMD

$16.58

0.305 (1.87%)

OSUR

OraSure

$16.28

-1.04 (-6.00%)

NTLA

Intellia Therapeutics

$29.37

-3.23 (-9.91%)

03/08/13
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