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AMZN

Amazon.com

$1,448.50

21.45 (1.50%)

, FB

Facebook

$163.87

-2.45 (-1.47%)

07:51
04/13/18
04/13
07:51
04/13/18
07:51

Credit Suisse seeks 'silver bullet' for Amazon, finds 'sticks and stones'

Credit Suisse analyst Stephen Ju conducted a sensitivity analysis to examine the potential range of outcomes for Amazon (AMZN) in the event of a USPS price increase, saying that while he was looking for a "silver bullet," he found "only sticks and stones." In a research note to investors, Ju said he went into the analysis seeking a possible "silver bullet" which may disrupt the level of service given Amazon's dependency on the UPS to push its consumer value proposition, adding that the current assumption is that USPS accounts for about 40%-50% of Amazon's shipping cost in the U.S. Ju said he arrived at about $1B-$1.8B in potential incremental shipping costs this year that Amazon may decide to absorb, or it could pass some, if not all, of the incremental costs onto the consumer via a Prime price hike. He believes the pullback in Amazon shares has more to do with devaluation of its megacap Internet peers, including Facebook (FB), versus the new round of tweets from President Trump which highlighted the reliance Amazon has on the USPS.

AMZN

Amazon.com

$1,448.50

21.45 (1.50%)

FB

Facebook

$163.87

-2.45 (-1.47%)

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    Apr

AMZN Amazon.com
$1,448.50

21.45 (1.50%)

04/11/18
MONN
04/11/18
INITIATION
Target $2000
MONN
Buy
Amazon.com transferred with a Buy at Monness Crespi
Monness Crespi transferred coverage of Amazon.com with a Buy rating and $2,000 price target.
04/10/18
PIPR
04/10/18
NO CHANGE
Target $1650
PIPR
Overweight
Amazon mindshare down slightly in Piper's semi-annual teen survey
Piper Jaffray's semi-annual survey of over 6,000 U.S. teens showed a slight decline in Amazon (AMZN) mindshare and that Prime adoption continues across all demographics, analyst Michael Olson tells investors in a research note. Amazon mindshare decreased two percentage points versus the prior survey. At 44% mindshare, however, Amazon has nearly eight times more mindshare than its nearest competitor Nike (NKE), Olson points out. He notes the also survey indicates that the number of U.S. Prime households would be in the high-70M range and growing at a decelerating rate. The analyst reiterates an Overweight rating on Amazon shares with a $1,650 price target.
04/06/18
MKMP
04/06/18
NO CHANGE
Target $96
MKMP
Neutral
Hasbro price target lowered to $96 from $110 at MKM Partners
MKM Partners analyst Eric Handler lowered his price target on Hasbro (HAS) to $96, saying the company's earnings will see a bigger impact from the liquidation of Toys R Us than the previous forecast. The analyst also notes headwinds for the company coming from tight inventory management at mass retailers Wal-Mart (WMT) and Amazon (AMZN). Handler adds that he has broader industry concerns, but sees some mitigating product launches for Hasbro, including a new Nerf brand launch, expanded Baby Alive product lines, continued strength from Marvel, and the possible digital launch of Magic: The Gathering Arena. The analyst keeps his Neutral rating on Hasbro.
04/05/18
UBSW
04/05/18
NO CHANGE
UBSW
Amazon contract profitable for USPS, former Postmaster General tells UBS
UBS hosted an expert call with Patrick Donahoe, former Postmaster General at the USPS, given confusion around rhetoric coming out of Washington D.C. regarding Amazon's relationship with the USPS, and press reports indicating this contract expires in October 2018. On the call, Donahoe unequivocally stated that the Amazon contract is profitable for the USPS, UBS said. The firm pointed out that USPS business is primarily split into two areas, namely market-dominant products/"monopoly mail," and competitive products where Amazon would fall. By law, competitive products must cover their costs, including both operating costs associated with the service provided and an allocation of 5.5% of the USPS's institutional/fixed costs, the firm added in a research note this morning.
FB Facebook
$163.87

-2.45 (-1.47%)

04/11/18
04/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL), Apple (AAPL), and Facebook (FB) were initiated with a Buy at Monness Crespi. 2. Caterpillar (CAT) initiated with a Buy at Buckingham. 3. JPMorgan (JPM) initiated with a Hold at HSBC. 4. eBay (EBAY) assumed with an Overweight at KeyBanc. 5. Ericsson (ERIC) initiated with a Hold at Berenberg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/18
RHCO
04/11/18
NO CHANGE
Target $225
RHCO
Buy
Facebook CEO 'cooperative and well prepared' in Senate testimony, says SunTrust
SunTrust analyst Youssef Squali keeps his Buy rating and $225 price target on Facebook following the 4-hour testimony by CEO Mark Zuckerberg in front of the U.S. Senate yesterday. The analyst says Zuckerberg appeared "well-prepared and cooperative" in defending Facebook position while also acknowledging its mistakes and expressing willingness to implement major platform changes. Squali calls the testimony a "seminal event" that will likely lead to increased regulation, but also maintains the view that large advertising platforms like Facebook should remain favored by more government oversight. The analyst maintains his view of no evidence of flight by large digital advertisers and no indication that users are leaving Facebook en masse. Squali also keeps his positive view on the stock's compelling valuation.
04/11/18
ARGS
04/11/18
NO CHANGE
Target $214
ARGS
Buy
Facebook price target lowered to $214 from $237 at Argus
Argus analyst Joseph Bonner lowered his price target on Facebook to $214 and also reduced his FY18 EPS target to $8.54 from $8.61, saying the headline risk for the company has increased from the Cambridge Analytica scandal as well as the reported U.S. election tampering. Bonner contends that Facebook may be faced with "material" regulatory action and also may experience a decline in user engagement from the privacy related backlash. The analyst notes however that Facebook's operational results are strong, with earnings growth 65% and revenue growth of 47% last year, while its large daily active user base gives it the momentum to withstand the headwinds.
04/11/18
WELS
04/11/18
NO CHANGE
Target $230
WELS
Outperform
Facebook CEO exceeds expecations in congressional hearing, says Wells Fargo
Following the first day of Congressional testimony by CEO Mark Zuckerberg, Wells Fargo analyst Ken Sena says the executive exceeded investor expectations. "He appeared focused, conciliatory, and genuinely engaged in a productive discussion" with legislators on how best to rectify the company's loss in public trust and the company's roadmap to safeguard against future abuses, the analyst contends. Sena sees this as a positive sign for investors, even though another long day of testimony remains ahead. He reiterates an Outperform rating and $230 price target on the shares.

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PH

Parker-Hannifin

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Delphi Technologies

$23.27

-0.09 (-0.39%)

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Monster Beverage

$52.46

-0.83 (-1.56%)

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MCD

McDonald's

$164.45

0.63 (0.38%)

, PNC

PNC Financial

$124.75

0.6 (0.48%)

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MCD

McDonald's

$164.45

0.63 (0.38%)

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$124.75

0.6 (0.48%)

RL

Ralph Lauren

$124.99

3.5 (2.88%)

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Activision Blizzard

$75.00

-2.99 (-3.83%)

LULU

Lululemon

$144.33

0.63 (0.44%)

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HMLP

Hoegh LNG Partners

$17.82

0.155 (0.88%)

10:29
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Hot Stocks
Breaking Hot Stocks news story on Hoegh LNG Partners 

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LMT

Lockheed Martin

$332.99

5.51 (1.68%)

10:26
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Periodicals
Lockheed Martin's F-35 flights resume after examination, Reuters reports »

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AMZN

Amazon.com

$1,747.72

-40.91 (-2.29%)

10:26
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Technical Analysis
Technical Take: Amazon.com poised for a bounce »

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NBEV

New Age Beverages

$6.62

0.43 (6.95%)

10:25
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Options
New Age Beverages call volume above normal and directionally bullish »

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Conference/Events
Cowen pharmaceuticals analyst to hold an analyst/industry conference call »

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IHRT

iHeartMedia

$0.00

(0.00%)

10:25
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Conference/Events
Cowen TMT analyst Vitanza to hold an analyst/industry conference call »

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PBYI

Puma Biotechnology

$42.19

-0.5 (-1.17%)

, RHHBY

Roche

$0.00

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AAPL

Apple

$218.56

-3.54 (-1.59%)

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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ATVI

Activision Blizzard

$74.23

-3.76 (-4.82%)

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Technical Analysis
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HD

Home Depot

$192.26

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Options
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CGC

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$52.89

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