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BABA

Alibaba

$167.52

-5.05 (-2.93%)

06:57
04/09/18
04/09
06:57
04/09/18
06:57

Ant Financial chairman Lucy Peng steps down, WSJ reports

Lucy Peng, the executive chairman of Alibaba's financial-technology affiliate Ant Financial, has stepped down from the role to focus on running Lazada Group, an operator of online retail marketplaces in Southeast Asia, whose growth is a key part of Alibaba's global strategy, The Wall Street Journal reports, citing the company. Peng, who was named CEO of Lazada in March and is serving as chairman of the company, will be replaced immediately by Eric Jing, Ant's CEO since October 2016. Reference Link

BABA Alibaba
$167.52

-5.05 (-2.93%)

04/05/18
WELS
04/05/18
NO CHANGE
Target $220
WELS
Outperform
Wells Fargo sees strategic rationale in Alibaba's Ele.me acquisition
Wells Fargo analyst Ken Sena says that while the acquisition of Ele.me will modestly lower Alibaba's margin in the near term, and an argument can be made that a significant premium was paid, there is "supporting strategic rationale" to the deal. The analyst sees synergies with Alibaba's existing local businesses and affiliates such as Hema Fresh Foods, Koubei, and Alipay. To reflect the deal, he increased his fiscal 2019 revenue estimate for Alibaba by 4% to $55.8B, representing 42.9% year-over-year growth. Sena also decreased his fiscal 2019 non-GAAP operating income by 4% to $16.5B. He keeps an Outperform rating on Alibaba shares with a $220 price target.
04/05/18
DBAB
04/05/18
NO CHANGE
Target $204
DBAB
Buy
Alibaba price target lowered to $204 from $218 at Deutsche Bank
Deutsche Bank analyst Han Joon Kim lowered his price target for Alibaba shares to $204 to reflect reduced earnings expectations. The analyst lowered his fiscal 2019 earnings estimates by 12% and fiscal 2020 estimates by 8%, which reflects a moderation of his above-consensus expectation and "slight" margin pressure from competitive dynamics. However, the recent share price correction partially captures the softness in earnings, Kim tells investors in a research note. He thinks the first half of 2018 will likely mark the most severe part of a year-over-year margin degradation for Alibaba. The analyst keeps a Buy rating on the shares.
04/05/18
LEHM
04/05/18
NO CHANGE
Target $220
LEHM
Overweight
Alibaba valuation 'quite attractive' at current levels, says Barclays
Following meetings with management, Barclays analyst Gregory Zhao expects Alibaba to "maintain robust growth" in Q4. The company's conventional core commerce and new retail initiatives are "well on track," Zhao tells investors in a research note. He thinks "solid" performance of Tmall and Taobao could help partially offset the loss from online video and new retail. The analyst also expects Ant Financial's profit sharing contribution to rebound in the second half of 2018. Zhao views Alibaba's valuation as "quite attractive" art current share levels and keeps an Overweight rating on the name with a $220 price target. The stock closed yesterday down $2.60 to $172.07.
04/05/18
MKMP
04/05/18
NO CHANGE
Target $260
MKMP
Buy
Alibaba Ele.me acquisition marks a significant TAM expansion, says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $260 price target on Alibaba, saying the company's acquisition of Ele.me represents a "significant" total addressable market expansion with "meaningful" synergies for retail. Sanderson further notes that the company's core commerce segment will continue seeing robust trends in FY19, and the stock can deliver a notable upside from current levels.

TODAY'S FREE FLY STORIES

DRYS

DryShips

$4.60

-0.05 (-1.08%)

08:46
08/15/18
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08:46
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Conference/Events
The Washington Journal holds a discussion on NAFTA renegotiations & trade policy »

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General news
U.S. retail sales rose 0.5% in July, with the ex-auto component up 0.6% »

U.S. retail sales rose…

HMNY

Helios and Matheson

$0.05

0.0001 (0.20%)

, ASHR

X-trackers Harvest CSI 300

$24.87

(0.00%)

08:45
08/15/18
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Options
Largest borrow rate increases among liquid names »

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HMNY

Helios and Matheson

$0.05

0.0001 (0.20%)

ASHR

X-trackers Harvest CSI 300

$24.87

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JNK

SPDR Barclays High Yield Bond

$35.86

0.065 (0.18%)

IRBT

iRobot

$87.83

1.72 (2.00%)

ENB

Enbridge

$35.51

0.3108 (0.88%)

WLL

Whiting Petroleum

$48.18

1.73 (3.72%)

HEAR

Turtle Beach

$26.80

-1.15 (-4.11%)

AMJ

American Medical Laboratories Inc

$29.11

0.2 (0.69%)

UCO

Universal Compression

$29.37

-0.06 (-0.20%)

GOGO

Gogo

$4.42

0.05 (1.14%)

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FX Action: The dollar »

FX Action: The dollar…

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U.S. Empire State manufacturing index bounced 3 points to 25.6 in August »

U.S. Empire State…

08:42
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08:42
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RBC Capital to hold a conference »

Consumer Investor Day…

08:41
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Stephens to hold a field trip »

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BKH

Black Hills

$60.23

0.235 (0.39%)

, GGG

Graco

$46.02

0.025 (0.05%)

08:40
08/15/18
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08:40
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08:40
Conference/Events
CFA Society of Minnesota to hold a conference »

7th Annual Investor…

BKH

Black Hills

$60.23

0.235 (0.39%)

GGG

Graco

$46.02

0.025 (0.05%)

CLFD

Clearfield

$13.05

0.35 (2.76%)

CYBE

Cyberoptics

$19.25

0.05 (0.26%)

CHRW

C.H. Robinson

$93.98

0.02 (0.02%)

DAKT

Daktronics

$8.43

0.02 (0.24%)

CBZ

CBIZ

$22.93

0.275 (1.21%)

DGII

Digi International

$12.95

-0.025 (-0.19%)

PII

Polaris Industries

$107.72

0.42 (0.39%)

ASV

ASV Holdings

$6.28

-0.27 (-4.12%)

ALE

Allete

$77.99

0.97 (1.26%)

DOC

Physicians Realty Trust

$16.83

0.22 (1.32%)

APOG

Apogee Enterprises

$49.74

0.55 (1.12%)

MOS

Mosaic

$30.63

0.25 (0.82%)

DCI

Donaldson

$47.69

0.88 (1.88%)

SRDX

Surmodics

$73.05

2.1 (2.96%)

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SHLX

Shell Midstream

$22.73

0.35 (1.56%)

08:39
08/15/18
08/15
08:39
08/15/18
08:39
Hot Stocks
Shell Midstream joint venture Zydeco announces binding open season »

Zydeco, jointly owned by…

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KMG

KMG Chemicals

$66.78

0.1 (0.15%)

08:37
08/15/18
08/15
08:37
08/15/18
08:37
Hot Stocks
Breaking Hot Stocks news story on KMG Chemicals »

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LULU

Lululemon

$129.47

-0.67 (-0.51%)

08:36
08/15/18
08/15
08:36
08/15/18
08:36
Recommendations
Lululemon analyst commentary  »

Lululemon price target…

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  • 12

    Sep

IDXG

Interpace Diagnostics

$1.03

-0.01 (-0.96%)

08:36
08/15/18
08/15
08:36
08/15/18
08:36
Hot Stocks
Interpace Diagnostics acquires assets of Rosetta Genomics out of bankruptcy »

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HD

Home Depot

$193.08

-1.03 (-0.53%)

08:34
08/15/18
08/15
08:34
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08:34
Recommendations
Home Depot analyst commentary  »

Stifel sees 'no…

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CVM

CEL-SCI

$1.03

(0.00%)

08:33
08/15/18
08/15
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Hot Stocks
CEL-SCI says IDMC recommends continuation of Phase 3 head and neck cancer study »

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08:33
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General news
Empire State Mfg Survey General Business Conditions Index data reported »

August Empire State Mfg…

CE

Celanese

$116.73

0.7 (0.60%)

08:32
08/15/18
08/15
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08:32
Hot Stocks
Celanese granted four new patents for Sunett sweetner »

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CYTX

Cytori Therapeutics

$0.40

0.015 (3.95%)

08:32
08/15/18
08/15
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08:32
Downgrade
Cytori Therapeutics rating change  »

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KMG

KMG Chemicals

$66.78

0.1 (0.15%)

, CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

08:31
08/15/18
08/15
08:31
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08:31
Conference/Events
Cabot Microelectronics to hold a conference call »

Conference call to…

KMG

KMG Chemicals

$66.78

0.1 (0.15%)

CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

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TPR

Tapestry

$53.12

5.7 (12.02%)

08:31
08/15/18
08/15
08:31
08/15/18
08:31
Recommendations
Tapestry analyst commentary  »

Tapestry price target…

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CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

, KMG

KMG Chemicals

$66.78

0.1 (0.15%)

08:30
08/15/18
08/15
08:30
08/15/18
08:30
Hot Stocks
Cabot Microelectronics to acquire KMG Chemicals for $1.6B »

Cabot Microelectronics…

CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

KMG

KMG Chemicals

$66.78

0.1 (0.15%)

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ASRT

Assertio Therapeutics

$7.31

0.135 (1.88%)

, JNP

Juniper Pharmaceuticals

$11.50

(0.00%)

08:30
08/15/18
08/15
08:30
08/15/18
08:30
Options
One new option listing and three option delistings on August 15th »

New option listings for…

ASRT

Assertio Therapeutics

$7.31

0.135 (1.88%)

JNP

Juniper Pharmaceuticals

$11.50

(0.00%)

XPLR

Xplore Technologies

$5.99

(0.00%)

03/08/13
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STIM

Neuronetics

$32.28

-1.72 (-5.06%)

08:28
08/15/18
08/15
08:28
08/15/18
08:28
Recommendations
Neuronetics analyst commentary  »

Neuronetics price target…

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TNC

Tennant

$76.60

-0.85 (-1.10%)

08:28
08/15/18
08/15
08:28
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Conference/Events
Tennant management to meet with Oppenheimer »

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CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

, KMG

KMG Chemicals

$66.78

0.1 (0.15%)

08:28
08/15/18
08/15
08:28
08/15/18
08:28
Hot Stocks
Breaking Hot Stocks news story on Cabot Microelectronics, KMG Chemicals »

Cabot Microelectronics to…

CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

KMG

KMG Chemicals

$66.78

0.1 (0.15%)

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