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JPM

JPMorgan

$118.95

0.18 (0.15%)

, AMZN

Amazon.com

$1,521.95

21.95 (1.46%)

13:38
02/27/18
02/27
13:38
02/27/18
13:38

JPMorgan CEO says he'll fight for tax breaks Amazon gets for HQ2, Bloomberg says

JPMorgan (JPM) CEO Jamie Dimon said he will call the governor of whichever state Amazon (AMZN) selects for its second headquarters and try to get the same benefits, Bloomberg reports, citing Dimon's comments. "I'm not kidding. You gotta fight for your company, folks, just keep that in mind. If you don't, no one else does," he said. Reference Link

JPM

JPMorgan

$118.95

0.18 (0.15%)

AMZN

Amazon.com

$1,521.95

21.95 (1.46%)

  • 27

    Feb

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JPM JPMorgan
$118.95

0.18 (0.15%)

02/13/18
KBWI
02/13/18
UPGRADE
Target $127
KBWI
Outperform
JPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded JPMorgan to Outperform with an unchanged price target of $127. The analyst views the recent pullback in the shares as a buying opportunity.
02/13/18
02/13/18
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. JPMorgan (JPM) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying he views the recent pullback in the shares as a buying opportunity. 2. Total (TOT) upgraded to Overweight from Equal Weight at Morgan Stanley and to Strong Buy from Outperform at Raymond James. 3. Celgene (CELG) upgraded to Overweight from Equal Weight at Barclays with analyst Geoff Meacham saying the current valuation largely reflects the risk. 4. Quest Diagnostics (DGX) upgraded to Outperform from Neutral at Credit Suisse with analyst A.J. Rice saying he believes the company has "substantial runway on several fronts," including its Optum partnership related to revenue cycle management, which he believes could reduce bad debts and claims denials. 5. Boeing (BA) upgraded to Buy from Hold at Edward Jones. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/21/18
MSCO
02/21/18
NO CHANGE
Target $136
MSCO
Overweight
Morgan Stanley sees JPMorgan turning tax savings into market share gains
Morgan Stanley analyst Betsy Graseck raised her 2022 EPS estimate for JPMorgan (JPM) by 2%, or 34c, stating that she expects the bank to reach top 5 in the 15-20 new markets it previously said it will use a part of its tax savings reinvestments to enter. The 34c in EPS she estimates JPMorgan can add by building out its presence in 20 new markets by 2022 is "far more compelling" than using the same amount of money to buy back stock, which would increase 2022 EPS only 5c, said Graseck. The analyst sees about a third of JPMorgan's new deposit share gains to come from Wells Fargo (WFC) and cut her 2022 EPS forecast for the latter by 1.2%. Graseck keeps an Overweight rating on JPMorgan ahead of the bank's February 27 investor day and increased her price target on the stock to $136 from $133.
02/21/18
JEFF
02/21/18
NO CHANGE
JEFF
JPMorgan price target raised to $131 from $124 at Jefferies
Jefferies analyst Ken Usdin raised his price target on JPMorgan to $131 from $124, as well his FY18/FY19 EPS estimates for the company, ahead of JPMorgan's Investor Day on February 27, where Usdin expects to hear an "upbeat message about the macro backdrop, organic growth, and ongoing investments." Usdin maintained a Buy rating on JPMorgan shares.
AMZN Amazon.com
$1,521.95

21.95 (1.46%)

02/23/18
WOLF
02/23/18
UPGRADE
Target $2000
WOLF
Outperform
Amazon upgraded to Outperform with $2,000 target at Wolfe Research
As previously reported, Wolfe Research analyst Scott Mushkin upgraded Amazon.com to Outperform from Peer Perform and set a calendar year-end 2018 price target of $2,000 on the stock. He believes that if Amazon can "get grocery right," it can lead to unprecedented growth, create a halo effect for the rest of Amazon's categories and drive stronger than expected revenue growth, Mushkin tells investors. The analyst, who predicts Amazon can grow its North American EBIT margins to 8% by 2028, sees the implications for other retailers, especially those who offer staples, as "very negative."
02/26/18
MSCO
02/26/18
NO CHANGE
Target $99
MSCO
Equal Weight
Morgan Stanley says Walmart may need investment step up to compete with Amazon
Morgan Stanley analyst Simeon Gutman said Walmart's (WMT) e-commerce systems and infrastructure were not equipped to handle seasonal demand. For context, he noted that in the fourth quarter of 2015, Amazon (AMZN) endured execution issues related to greater than expected Fulfilled By Amazon demand. However, Amazon's issues at that time resulted in cost pressure, whereas Walmart's resulted in lost sales, Gutman tells investors. He thinks any solution will result in increased spending by Walmart, either through software, logistics or new fulfillment centers. Additionally, Walmart faces an uphill battle in resonating with a broader base of e-commerce consumers, which may require stepped up marking spending, he adds. Gutman lowered his price target on Walmart to $99 from $106 and keeps his Equal Weight rating on the shares.
02/26/18
02/26/18
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. UPS (UPS) upgraded to Buy from Hold at Loop Capital by analyst Rick Paterson, who attributed the recent selloff, in part, to news on February 9 that Amazon (AMZN) plans to offer some limited parcel delivery services to third parties. The analyst believes concerns around Amazon "may be a little overblown." Paterson believes Amazon represents about 4%-6% of "lower margin" revenues at UPS. If all of that is ultimately brought into Amazon's own network, "that's hardly a disaster," he contended. 2. Schlumberger (SLB) upgraded to Buy from Neutral at BofA/Merrill by analyst Timna Tanners, who said shares underperformed and fund ownership fell in 2017 as investor focus shifted towards more shale-focused names. Tanners believes the oil/gas price recovery cycle will shift focus to International with activity slowing recovering and pricing firming more in 2019. Further, the analyst believes SPM's contribution is underappreciated and expects a project payoff and/or stake sale in 2019. 3. HP Inc (HPQ) upgraded to Overweight from Neutral at JPMorgan by analyst Paul Coster, who cited valuation following the company's Q1 results. The analyst believes the shares may now look attractive for value investors and sees U.S. tax reform and foreign currency moves as tailwinds. 4. Finish Line (FINL) upgraded to Positive from Neutral at Susquehanna by analyst Sam Poser, who said channel checks indicate that sales and promotional trends in Q4 were not as bad as its guidance anticipated. He believes management has better positioned the company's marketing and promotional calendar as an adjustment to the late tax refund checks. 5. Duke Energy (DUK) upgraded to Buy from Hold at Deutsche Bank (DB) by analyst Jonathan Arnold, who said Friday's constructive order from the North Carolina Utilities Commission in the Duke Energy Progress rate case effectively allows recovery of a majority of the utility's historical costs related to coal ash basin closures. He sees the order as largely resolving the outstanding regulatory risk associated with coal ash cost recovery in North Carolina and likely offering a positive read-across to the larger Duke Energy Carolinas rate case. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/27/18
COWN
02/27/18
NO CHANGE
Target $1700
COWN
Outperform
Amazon ramping automation, still in early innings of private label, says Cowen
Cowen analyst John Blackledge met with industry participants to discuss various Amazon products. They contend Amazon is still in the early innings of it private label buildup, it can capture 25-40% market share for a new SKU, and Softlines, Consumables, and Groceries are growth areas. The analyst, who sees leaner inventories and continual automation of the buying process, reiterated his Outperform rating and $1,700 price target on Amazon.com shares.

TODAY'S FREE FLY STORIES

TWTR

Twitter

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SPDR S&P 500 ETF Trust

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EADSY

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BA

Boeing

$350.81

4.79 (1.38%)

12:19
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SPY

SPDR S&P 500 ETF Trust

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LLL

L3 Technologies

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1.29 (0.64%)

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FB

Facebook

$207.33

0.43 (0.21%)

, TWTR

Twitter

$44.49

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$207.33

0.43 (0.21%)

TWTR

Twitter

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GOOG

Alphabet

$1,188.81

4.94 (0.42%)

GOOGL

Alphabet Class A

$1,204.34

2.43 (0.20%)

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AAPL

Apple

$191.32

0.19 (0.10%)

, T

AT&T

$31.66

-0.56 (-1.74%)

13:06
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AAPL

Apple

$191.32

0.19 (0.10%)

T

AT&T

$31.66

-0.56 (-1.74%)

VZ

Verizon

$51.41

0.17 (0.33%)

S

Sprint

$5.66

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TMUS

T-Mobile

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AEP

American Electric

$70.37

-0.02 (-0.03%)

, NEE

NextEra Energy

$169.60

1.06 (0.63%)

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AEP

American Electric

$70.37

-0.02 (-0.03%)

NEE

NextEra Energy

$169.60

1.06 (0.63%)

XEL

Xcel Energy

$46.26

-0.09 (-0.19%)

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AVGO

Broadcom

$202.46

-7.45 (-3.55%)

, CA

CA Technologies

$44.07

-0.08 (-0.18%)

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Broadcom testing investors' faith, Barron's says »

For a while, shareholders…

AVGO

Broadcom

$202.46

-7.45 (-3.55%)

CA

CA Technologies

$44.07

-0.08 (-0.18%)

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VRX

Valeant

$23.40

-0.84 (-3.47%)

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Herbalife Nutrition

$53.95

-0.14 (-0.26%)

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Valeant

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HLF

Herbalife Nutrition

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ARNC

Arconic

$17.39

0.08 (0.46%)

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Apollo Global

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0.26 (0.72%)

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Arconic

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Apollo Global

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Pfizer

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Baidu

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JD

JD.com

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IQ

iQIYI

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Vipshop

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New York Times

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PLNT

Planet Fitness

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XYL

Xylem

$68.55

0.485 (0.71%)

, AQUA

Evoqua Water

$20.71

(0.00%)

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RBC Capital to hold a field trip »

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XYL

Xylem

$68.55

0.485 (0.71%)

AQUA

Evoqua Water

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DHR

Danaher

$99.25

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PNR

Pentair

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0.67 (1.56%)

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HJLI

Hancock Jaffe Laboratories

$3.20

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Hancock Jaffe Laboratories names Bob Rankin as CFO, effective July 16 »

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CKH

Seacor

$53.63

0.69 (1.30%)

, LPG

Dorian LPG

$7.92

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CKH

Seacor

$53.63

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LPG

Dorian LPG

$7.92

0.115 (1.47%)

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

17:53
07/13/18
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TEVA

Teva

$23.29

-0.45 (-1.90%)

, NVS

Novartis

$78.78

-0.15 (-0.19%)

17:47
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TEVA

Teva

$23.29

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NVS

Novartis

$78.78

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SKY

Skyline

$32.54

-0.13 (-0.40%)

17:26
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17:26
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Breaking Syndicate news story on Skyline »

Skyline files to sell…

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SKY

Skyline

$32.54

-0.13 (-0.40%)

17:25
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17:25
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Breaking Syndicate news story on Skyline »

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MBIO

Mustang Bio

$7.49

0.09 (1.22%)

17:24
07/13/18
07/13
17:24
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17:24
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Breaking Syndicate news story on Mustang Bio »

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XLE

Energy Select Sector SPDR

$76.26

0.42 (0.55%)

, XLU

Utilities SPDR

$52.56

0.04 (0.08%)

17:15
07/13/18
07/13
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17:15
General news
Week ending ETF Scorecard: Industrials rebound into lead, Utilities lag »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$76.26

0.42 (0.55%)

XLU

Utilities SPDR

$52.56

0.04 (0.08%)

IYR

DJ US Real Estate Index Fund

$81.37

-0.19 (-0.23%)

XLP

Consumer Staples Sector SPDR

$52.73

0.32 (0.61%)

XLY

Consumer Discretionary Sector SPDR

$112.62

0.27 (0.24%)

XLB

S&P Select Materials SPDR

$58.59

-0.02 (-0.03%)

XLF

Financial Select Sector

$26.96

-0.13 (-0.48%)

XLV

Health Care Select Sector SPDR

$87.44

0.18 (0.21%)

XLK

Technology Select Sector SPDR

$72.56

-0.07 (-0.10%)

XLI

Industrial Select Sector SPDR

$73.77

0.43 (0.59%)

GLD

SPDR Gold Trust

$117.60

-0.515 (-0.44%)

SLV

iShares Silver Trust

$14.88

-0.13 (-0.87%)

USO

United States Oil Fund

$14.47

0.085 (0.59%)

UNG

United States Natural Gas Fund

$22.40

-0.3 (-1.32%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$85.63

0.005 (0.01%)

LQD

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$115.76

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TLT

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$122.74

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IEF

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$102.60

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SHY

iShares 1-3 Year Treasury Bond

$83.26

0.025 (0.03%)

IWD

iShares Russell 1000 Value

$123.04

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IWF

iShares Russell 1000 Growth

$149.33

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CVM

CEL-SCI

$1.04

-0.015 (-1.42%)

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PZZA

Papa John's

$53.47

-0.18 (-0.34%)

17:13
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Yankees suspend relationship with Papa John's »

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NCNA

NuCana

$24.00

-0.01 (-0.04%)

17:08
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Hot Stocks
Breaking Hot Stocks news story on NuCana »

Christopher B. Wood…

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