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BIDU

Baidu

$262.39

-0.32 (-0.12%)

, BABA

Alibaba

$200.28

1.22 (0.61%)

10:25
03/18/18
03/18
10:25
03/18/18
10:25

Baidu video streaming unit launches U.S. IPO, Reuters reports

Video streaming service provider iQiyi, a unit of Baidu (BIDU), has launched an initial public offering in New York worth up to $2.4B, seeking to expand its range of content, according to Reuters. The listing is expected to give the company extra financial muscle as it squares off against rivals like Alibaba's (BABA) service Youku Tudou, the report added. Reference Link

BIDU

Baidu

$262.39

-0.32 (-0.12%)

BABA

Alibaba

$200.28

1.22 (0.61%)

  • 18

    Mar

  • 22

    Mar

BIDU Baidu
$262.39

-0.32 (-0.12%)

03/15/18
DBAB
03/15/18
INITIATION
Target $319
DBAB
Buy
Baidu initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Han Joon Kim started Baidu with a Buy rating and $319 price target. The firm at the end of last year rated the shares a Hold. The analyst says that while Baidu may not be the fastest growing internet company in China, it is one of the "strongest R&D players in the market." He expects more focused execution on the core business and thinks the stock will "break out" over time.
02/15/18
02/15/18
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. Bristol-Myers (BMY) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying he has become more optimistic on the immuno-oncology Opdivo + Yervoy combo in first-line lung cancer, which he notes is the largest cancer market. 2. Salesforce (CRM) upgraded to Buy from Hold at Jefferies with analyst John DiFucci saying recent field checks indicate continued strong enterprise traction as well improved commercial segment momentum, likely due to moderating Microsoft (MSFT) competition. 3. Credit Suisse (CS) upgraded to Buy from Hold at Societe Generale. 4. FMC Corporation (FMC) upgraded to Buy from Neutral at Seaport Global with analyst Michael Harrison saying he sees near-term catalysts from the Ag market recovery and secular growth in lithium, which the company plans to spinoff. 5. Baidu (BIDU) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Grace Chen citing expectations for search sales reacceleration in 2018, the potential catalyst of the iQiyi IPO and the long-term potential contributions from AI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/15/18
02/15/18
UPGRADE
Target $280

Overweight
Baidu upgraded on expected search growth reacceleration at Morgan Stanley
As previously reported, Morgan Stanley analyst Grace Chen upgraded Baidu to Overweight from Equal Weight, citing expectations for search sales reacceleration in 2018, the potential catalyst of the iQiyi IPO and the long-term potential contributions from AI. After the company's recent Q4 beat and Q1 revenue guidance, Chen raised her price target on Baidu to $280 from $240.
02/14/18
MSCO
02/14/18
UPGRADE
MSCO
Overweight
Baidu upgraded to Overweight from Equal Weight at Morgan Stanley
BABA Alibaba
$200.28

1.22 (0.61%)

03/14/18
DBAB
03/14/18
NO CHANGE
Target $218
DBAB
Buy
NBS data bode well for Alibaba sales growth, says Deutsche Bank
NBS reported January-February 2018 China online retail sales data indicating RMB1.23tn gross merchandise volume, a 37% year-over-year growth, Deutsche Bank analyst Han Joon Kim tells investors in a research note. The analyst notes his March quarter GMV growth forecast for Alibaba is 27% year-over-year. As such, he believes the NBS data bode strongly for Alibaba's sales growth. Kim maintains a Buy rating on the shares with a $218 price target.
02/28/18
FBCO
02/28/18
NO CHANGE
Target $86
FBCO
Neutral
Altaba price target raised to $86 from $81 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Altaba (AABA) to $86 from $81, citing Alibaba (BABA) and Yahoo Japan (YAHOY) share prices, updated cash balance and share count per latest annual filing disclosure, and updated cost basis for Alibaba and Yahoo Japan ownership stakes. The analyst reiterates a Neutral rating on Altaba shares.
02/23/18
JPMS
02/23/18
NO CHANGE
Target $90
JPMS
Overweight
Altaba price target raised to $90 from $65 at JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Altaba (AABA) to $90 ahead of the company's strategic and financial update conference call on February 27. Corporate tax reform in the U.S. lowers Altaba's potential tax liability from 36.5% to an estimated 22.5% in any taxable monetization of its Alibaba (BABA) or Yahoo Japan (YAHOY) stakes, Anmuth tells investors in a research note. He notes that Altaba now trades at a 26% discount to pre-tax net asset value. The analyst keeps an Overweight rating on the name.
02/05/18
DBAB
02/05/18
INITIATION
Target $50
DBAB
Hold
Ctrip initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Eileen Deng started Ctrip (CTRP) with a Hold rating and $50 price target. Under a different analyst, Deutsche Bank last year had a Buy rating on the shares. Deng anticipates a "turbulent" 2018 for the company as mergers and strategic partnerships complicate China's online travel agency landscape. again. Meituan-Dianping looks to be a formidable competitor in tier 3-5 cities while Alibaba-backed (BABA) Fliggy is a unknown to competitive dynamics, Deng tells investors in a research note. She views Ctrip shares as fairly valued at current levels.

TODAY'S FREE FLY STORIES

CURO

Curo Group

$19.93

0.11 (0.55%)

16:50
04/26/18
04/26
16:50
04/26/18
16:50
Earnings
Curo Group reports Q1 adjusted EPS 75c, consensus 68c »

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MTG

MGIC Investment

$10.01

-0.165 (-1.62%)

16:50
04/26/18
04/26
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16:50
Hot Stocks
MGIC Investment announces $200M share repurchase program »

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CLR

Continental Resources

$65.86

0.51 (0.78%)

, ENBL

Enable Midstream

$14.05

0.33 (2.41%)

16:49
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04/26
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16:49
Hot Stocks
Continental Resources announces firm transportation agreement with Enable Midstream »

Continental Resources…

CLR

Continental Resources

$65.86

0.51 (0.78%)

ENBL

Enable Midstream

$14.05

0.33 (2.41%)

03/08/13
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  • 02

    May

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  • 07

    May

CLD

Cloud Peak

16:49
04/26/18
04/26
16:49
04/26/18
16:49
Earnings
Cloud Peak reports Q1 EPS (10c), consensus (7c) »

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03/08/13
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  • 26

    Apr

USDP

USD Partners

$10.65

-0.25 (-2.29%)

16:49
04/26/18
04/26
16:49
04/26/18
16:49
Hot Stocks
USD Partners raises quarterly distribution 0.7% to 35.25c per unit »

USD Partners announced…

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PSDO

Presidio

$15.82

0.13 (0.83%)

16:49
04/26/18
04/26
16:49
04/26/18
16:49
Syndicate
Breaking Syndicate news story on Presidio »

Presidio files to sell…

03/08/13
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  • 10

    May

PSDO

Presidio

$15.82

0.13 (0.83%)

16:48
04/26/18
04/26
16:48
04/26/18
16:48
Syndicate
Breaking Syndicate news story on Presidio »

Presidio files $200M…

03/08/13
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  • 10

    May

SPY

SPDR S&P 500 ETF Trust

$266.23

2.59 (0.98%)

16:48
04/26/18
04/26
16:48
04/26/18
16:48
Technical Analysis
Technical Take: SPDR S&P 500 ETF moves higher on largely positive earnings »

In the extended session…

03/08/13
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TMST

TimkenSteel

$17.13

0.34 (2.03%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
Hot Stocks
Breaking Hot Stocks news story on TimkenSteel »

TimkenSteel sees FY18…

03/08/13
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  • 27

    Apr

TMST

TimkenSteel

$17.13

0.34 (2.03%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
Hot Stocks
TimkenSteel sees Q2 EBITDA $30M-$40M »

Shipments are expected to…

03/08/13
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  • 27

    Apr

PAC

GAP Airports

$105.45

1.7 (1.64%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
Earnings
GAP Airports reports Q1 net income up 5.1% from last year »

Reports Q1 revenue up…

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FB

Facebook

$174.24

14.55 (9.11%)

, F

Ford

$11.43

0.32 (2.88%)

16:47
04/26/18
04/26
16:47
04/26/18
16:47
General news
On The Fly: Top stock stories for Thursday »

Stocks opened with modest…

FB

Facebook

$174.24

14.55 (9.11%)

F

Ford

$11.43

0.32 (2.88%)

GM

General Motors

$38.25

0.15 (0.39%)

T

AT&T

$33.09

-2.1 (-5.97%)

TWX

Time Warner

$93.68

-2.59 (-2.69%)

CIEN

Ciena

$26.14

-0.485 (-1.82%)

CRK

Comstock Resources

$6.98

2.22 (46.64%)

CMG

Chipotle

$422.51

83.21 (24.52%)

AMD

AMD

$11.04

1.32 (13.58%)

SPB

Spectrum Brands

$75.01

-19.22 (-20.40%)

MGM

MGM Resorts

$32.29

-3.03 (-8.58%)

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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    Jun

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    Jun

TCBK

TriCo Bancshares

$37.81

-0.09 (-0.24%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Earnings
TriCo Bancshares reports Q1 EPS ex-items 62c, consensus 62c »

Total loan balances…

03/08/13
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  • 24

    Sep

X

U.S. Steel

$37.65

0.61 (1.65%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Hot Stocks
Breaking Hot Stocks news story on U.S. Steel »

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  • 27

    Apr

EXPE

Expedia

$106.42

-2 (-1.84%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Hot Stocks
Expedia reaffirms FY18 EBITDA growth 6%-11% »

Comments taken from Q1…

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  • 26

    Apr

  • 04

    Jun

BPMX

BioPharmX

$0.21

0.0009 (0.42%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Earnings
BioPharmX reports Q4 non-GAAP EPS (3c), consensus (4c) »

Reports Q4 revenue $19K,…

03/08/13
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03/08/13
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03/06/13
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TMST

TimkenSteel

$17.13

0.34 (2.03%)

16:46
04/26/18
04/26
16:46
04/26/18
16:46
Earnings
TimkenSteel reports Q1 EPS (4c), consensus 8c »

Reports Q1 revenue…

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  • 27

    Apr

X

U.S. Steel

$37.65

0.61 (1.65%)

16:45
04/26/18
04/26
16:45
04/26/18
16:45
Earnings
U.S. Steel sees Q2 adjusted EBITDA approximately $400M »

Commenting on U. S.…

03/08/13
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  • 27

    Apr

BPRN

Bank of Princeton

$33.87

-0.3 (-0.88%)

16:45
04/26/18
04/26
16:45
04/26/18
16:45
Earnings
Bank of Princeton reports Q1 EPS 52c, consensus 52c »

Reports Q1 loan loss…

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  • 09

    May

FIX

Comfort Systems USA

$41.55

-0.15 (-0.36%)

16:44
04/26/18
04/26
16:44
04/26/18
16:44
Hot Stocks
Comfort Systems USA raises quarterly dividend to 8c from 7.5c per share »

The dividend is payable…

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  • 27

    Apr

IMGN

ImmunoGen

$10.51

0.155 (1.50%)

16:44
04/26/18
04/26
16:44
04/26/18
16:44
Hot Stocks
ImmunoGen says FORWARD I trial will continued as planned »

ImmunoGen announced that…

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  • 04

    May

  • 08

    May

X

U.S. Steel

$37.65

0.61 (1.65%)

16:44
04/26/18
04/26
16:44
04/26/18
16:44
Earnings
U.S. Steel reports Q1 EPS 32c, consensus 29c »

Reports Q1 revenue…

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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  • 27

    Apr

AMKR

Amkor Technology

$9.12

0.31 (3.52%)

16:43
04/26/18
04/26
16:43
04/26/18
16:43
Earnings
Amkor Technology reports Q1 EPS 4c, consensus 5c »

Reports Q1 revenue…

03/08/13
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03/08/13
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  • 26

    Apr

BA

Boeing

$342.75

-0.12 (-0.03%)

16:43
04/26/18
04/26
16:43
04/26/18
16:43
Hot Stocks
Boeing delivers first 787 Dreamliner for Gulf Air »

Boeing and Gulf Air…

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  • 09

    May

  • 30

    May

BOFI

BofI Holding

$42.65

-0.07 (-0.16%)

16:42
04/26/18
04/26
16:42
04/26/18
16:42
Earnings
BofI Holding reports Q3 EPS 80c, consensus 79c »

Total assets reached…

03/08/13
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