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SPOT

Spotify

$157.84

-3.51 (-2.18%)

, GOOG

Alphabet

$1,083.75

1.75 (0.16%)

10:41
05/17/18
05/17
10:41
05/17/18
10:41

Spotify still 'best in class' despite YouTube Music launch, says Buckingham

Buckingham analyst Matthew Harrigan said he is sticking with his $175 price target on shares of Spotify (SPOT) despite last night's confirmation from Google (GOOGL) that YouTube Music will launch next Tuesday, May 22. While music streaming has become a crowded market, its "breakout growth" can support multiple players and Harrigan still feels Spotify retains immediate advantages around its brand resonance and music-oriented AI data, he tells investors. Harrigan keeps a Neutral rating on Spotify shares.

SPOT

Spotify

$157.84

-3.51 (-2.18%)

GOOG

Alphabet

$1,083.75

1.75 (0.16%)

GOOGL

Alphabet Class A

$1,088.92

4.89 (0.45%)

  • 03

    Jun

SPOT Spotify
$157.84

-3.51 (-2.18%)

05/15/18
LOOP
05/15/18
INITIATION
Target $120
LOOP
Sell
Spotify initiated with a Sell at Loop Capital
Loop Capital analyst Alan Gould initiated Spotify (SPOT) with a Sell rating and a price target of $120, saying the company's comparison to Netflix (NFLX) based on its status of a streaming music leader is not justified. Gould states that Spotify does not have a similar competitive lead as Netflix does, adding that the "music oligopoly will make it difficult for music streaming to achieve the same margin as video". The analyst concludes that at 4.5-times projected sales, the multiple on Spotify is too high.
05/15/18
05/15/18
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. Weight Watchers (WTW) initiated with a Buy at SunTrust. 2. Spotify (SPOT) initiated with a Sell at Loop Capital. 3. Pivotal Software (PVTL) initiated with an Outperform at William Blair and Credit Suisse, an Overweight at Morgan Stanley and KeyBanc, a Buy at Goldman Sachs, an Equal Weight at Barclays, a Sector Perform at RBC Capital, as well as a Neutral at UBS, Citi, and BofA/Merrill. 4. Level One (LEVL) initiated with an Outperform at Raymond James, Keefe Bruyette, and a Neutral at Piper Jaffray. 5. GrafTech (EAF) initiated with a Buy at Citi and an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/18
WELS
05/16/18
INITIATION
Target $150
WELS
Market Perform
Spotify initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Peter Stabler started Spotify with a Market Perform rating and $150 price target. While the analyst notes the company's strong product and brand positioning in the online music streaming category, his concerns around valuation, competition, churn, and growth prospects keep him on the sidelines.
05/16/18
05/16/18
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. Ulta Beauty (ULTA) initiated with a Buy at UBS. 2. uniQure (QURE) initiated with an Outperform at Wells Fargo. 3. Micron (MU) initiated with an Outperform at RBC Capital. 4. Spotify (SPOT) initiated with a Market Perform at Wells Fargo. 5. Tocagen (TOCA) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOG Alphabet
$1,083.75

1.75 (0.16%)

05/09/18
JPMS
05/09/18
NO CHANGE
JPMS
Overweight
Broadcom co-designed Google's third generation AI processor, says JPMorgan
Google (GOOG, GOOGL) yesterday as its developer conference introduced its third generation deep learning/artificial intelligence processor chip called the Cloud Tensor Processor Unit, JPMorgan analyst Harlan Sur tells investors in a research note. The analyst believes the TPU3 chip was co-designed by Broadcom (AVGO). Further, and just as important, Sur believes Broadcom has won, and is already working with Google on its fourth generation TPU4 processor chip using 7nm manufacturing technology. Broadcom remains the analyst's top pick in semiconductors. He reiterates an Overweight rating on the shares.
05/10/18
MSCO
05/10/18
NO CHANGE
Target $93
MSCO
Equal Weight
Walmart deal for Flipkart more dilutive than anticipated, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman noted that news reports heading up to Walmart's (WMT) deal for a majority stake in Flipkart had predicted a $12B transaction for about 60% of a business generating operating losses in the $1B range. However, the higher than expected magnitude of losses Walmart would absorb in India significantly raises the stakes on the trajectory of its U.S. business and clouds the near-term path, he said. He also questions why the company is investing outside the U.S. market, stating that it could have instead accelerated its third-party marketplace infrastructure, stepped up its partnership with Google Home (GOOG) to better compete with Amazon's (AMZN) Alexa, or intensified domestic investments in price and fulfillment. However, he does add that the deal prevents Amazon, for now, from building an "insurmountable" advantage in the important Indian market. Gutman lowered his price target on Walmart to $93 from $99 after the deal was more dilutive than anticipated and keeps an Equal Weight rating on the shares.
05/16/18
KEYB
05/16/18
NO CHANGE
Target $50
KEYB
Overweight
KeyBanc remains a buyer of Criteo
KeyBanc analyst Andy Hargreaves remains a buyer of Criteo (CRTO), reiterating an Overweight rating and $50 price target on the shares. The analyst says that the potential for a decline in consumer consent rates is the biggest risk to Criteo from GDPR. Along these lines, publishers that opt to outsource consent management to Google (GOOG; GOOGL), which may require explicit consent, could see a material change in consent rates, he contends. While this could create a headwind to Criteo's revenue growth, Hargreaves believes exposure is modest and built into current expectations.
05/17/18
DBAB
05/17/18
NO CHANGE
DBAB
Buy
Google changes unlikely to impact Dropbox, says Deutsche Bank
Dropbox (DBX) rival Google (GOOG, GOOGL) this week announced some changes to its consumer-based cloud storage service, Deutsche Bank analyst Karl Keirstead tells investors in a research note. The analyst notes that Google is moving all paid Google Drive consumer subscribers to a newly named Google One service, which includes added storage capacity options, "expert assistance" and the ability to add family members. Google also cut the price of its 2TB capacity plan in half, to $10 from $20 per month, Keirstead adds. He does not see these changes materially impacting Dropbox and keeps a Buy rating on the shares.
GOOGL Alphabet Class A
$1,088.92

4.89 (0.45%)

TODAY'S FREE FLY STORIES

WMT

Walmart

$97.89

-0.74 (-0.75%)

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TCEHY

Tencent

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Tencent-backed Qutoutiao files for U.S. IPO, Reuters reports »

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FB

Facebook

$173.78

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Amazon.com

$1,881.94

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Selloff in Chinese internet stocks may shake faith in FANG, Reuters says »

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AMZN

Amazon.com

$1,881.94

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NFLX

Netflix

$316.78

-5.51 (-1.71%)

GOOG

Alphabet

$1,199.79

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Alphabet Class A

$1,215.50

-8.05 (-0.66%)

TCEHY

Tencent

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VLKAY

Volkswagen

$0.00

(0.00%)

13:05
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Volkswagen CEO was told about emissions software months before, Reuters reports »

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WMT

Walmart

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, TCEHY

Tencent

$0.00

(0.00%)

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08/18/18
08/18
13:01
08/18/18
13:01
Hot Stocks
Walmart, Flipkart announce completion of investment »

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Walmart

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TCEHY

Tencent

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MSFT

Microsoft

$107.58

-0.07 (-0.07%)

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BBOX

Black Box

$1.64

0.09 (5.81%)

12:57
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Hot Stocks
Black Box announces sale agreement of Federal Government IT Services Business »

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KSS

Kohl's

$76.43

1.68 (2.25%)

12:52
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Kohl's looking to break cycle, Barron's says »

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  • 21

    Aug

STT

State Street

$84.95

0.73 (0.87%)

12:47
08/18/18
08/18
12:47
08/18/18
12:47
Periodicals
State Street selloff looks overdone, Barron's says »

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WMT

Walmart

$97.89

-0.74 (-0.75%)

, AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

12:42
08/18/18
08/18
12:42
08/18/18
12:42
Periodicals
May be time to sell Walmart, Barron's says »

In a follow-up story,…

WMT

Walmart

$97.89

-0.74 (-0.75%)

AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

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  • 13

    Sep

VZ

Verizon

$54.79

0.51 (0.94%)

12:39
08/18/18
08/18
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12:39
Periodicals
Verizon remains 'reasonably' priced, Barron's says »

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CF

CF Industries

$47.52

0.25 (0.53%)

, MOS

Mosaic

$29.64

(0.00%)

12:36
08/18/18
08/18
12:36
08/18/18
12:36
Periodicals
CF, Mosaic gains have just begun, Barron's says »

CF Industries (CF),…

CF

CF Industries

$47.52

0.25 (0.53%)

MOS

Mosaic

$29.64

(0.00%)

NTR

Nutrien

$55.95

0.94 (1.71%)

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  • 11

    Sep

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ABBV

AbbVie

$98.79

0.6 (0.61%)

, LYB

LyondellBasell

$113.07

1.155 (1.03%)

12:25
08/18/18
08/18
12:25
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12:25
Periodicals
StAbbVie, Starbucks among dividend standouts, Barron's says »

AbbVie (ABBV),…

ABBV

AbbVie

$98.79

0.6 (0.61%)

LYB

LyondellBasell

$113.07

1.155 (1.03%)

AVGO

Broadcom

$209.27

0.6 (0.29%)

RF

Regions Financial

$19.48

0.09 (0.46%)

SBUX

Starbucks

$53.58

0.53 (1.00%)

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BV

BrightView

$17.49

-0.06 (-0.34%)

12:21
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08/18
12:21
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12:21
Periodicals
Sunny outlook for BrightView, Barron's says »

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HOG

Harley-Davidson

$42.26

1.15 (2.80%)

, CSIQ

Canadian Solar

$13.12

0.02 (0.15%)

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HOG

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$42.26

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CSIQ

Canadian Solar

$13.12

0.02 (0.15%)

FSLR

First Solar

$50.98

0.18 (0.35%)

JASO

JA Solar

$0.00

(0.00%)

SUNEQ

SunEdison

$0.00

(0.00%)

SPWR

SunPower

$6.65

0.06 (0.91%)

TSL

Trina Solar

$0.00

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YGE

Yingli Green Energy

$0.00

(0.00%)

PEP

PepsiCo

$114.98

0.7 (0.61%)

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  • 02

    Oct

LYV

Live Nation

$48.15

-0.53 (-1.09%)

17:46
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Live Nation CFO discloses sale of 40K shares of common stock »

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XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

, XLU

Utilities SPDR

$54.50

0.25 (0.46%)

17:40
08/17/18
08/17
17:40
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17:40
General news
Week ending ETF Scorecard: Consumer Staples outperforms, Energy skids »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

XLU

Utilities SPDR

$54.50

0.25 (0.46%)

IYR

DJ US Real Estate Index Fund

$83.16

0.765 (0.93%)

XLP

Consumer Staples Sector SPDR

$55.02

0.39 (0.71%)

XLY

Consumer Discretionary Sector SPDR

$112.51

0.11 (0.10%)

XLB

S&P Select Materials SPDR

$58.41

0.41 (0.71%)

XLF

Financial Select Sector

$28.16

0.055 (0.20%)

XLV

Health Care Select Sector SPDR

$91.12

0.33 (0.36%)

XLK

Technology Select Sector SPDR

$73.17

0.14 (0.19%)

XLI

Industrial Select Sector SPDR

$76.26

0.47 (0.62%)

GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

SLV

iShares Silver Trust

$13.93

0.16 (1.16%)

USO

United States Oil Fund

$13.70

0.065 (0.48%)

UNG

United States Natural Gas Fund

$24.18

0.295 (1.24%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.03

0.08 (0.09%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.97

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TLT

iShares 20+ Year Treasury Bond Fund

$120.99

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IEF

iShares 7-10 Year Treasury Bond ETF

$102.49

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SHY

iShares 1-3 Year Treasury Bond

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iShares Russell 1000 Value

$126.16

0.6 (0.48%)

IWF

iShares Russell 1000 Growth

$150.80

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GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

17:33
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SPDR Gold Trust holdings fall to 772.24MT from 773.41MT »

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GDOT

Green Dot

$85.04

0.37 (0.44%)

17:30
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Green Dot exec Dent sells 7,754 common shares »

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  • 25

    Sep

SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

17:17
08/17/18
08/17
17:17
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17:17
Syndicate
Breaking Syndicate news story on Smith Micro »

Smith Micro files to sell…

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

17:14
08/17/18
08/17
17:14
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17:14
Syndicate
Breaking Syndicate news story on ENDRA Life Sciences »

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BA

Boeing

$346.44

0.55 (0.16%)

17:10
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17:10
Hot Stocks
Boeing awarded $152.5M U.S. Navy contract »

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BA

Boeing

$346.44

0.55 (0.16%)

17:09
08/17/18
08/17
17:09
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17:09
Hot Stocks
Boeing awarded $217M Defense Department contract »

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LLL

L3 Technologies

$210.37

0.56 (0.27%)

17:08
08/17/18
08/17
17:08
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17:08
Hot Stocks
L3 Technologies awarded $240M Defense Department contract »

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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

17:06
08/17/18
08/17
17:06
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17:06
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Breaking Syndicate news story on Histogenics »

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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

16:58
08/17/18
08/17
16:58
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16:58
Conference/Events
DCT Industrial to host special shareholder meeting »

Special Shareholder…

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Prologis

$67.45

1.79 (2.73%)

DCT

DCT Industrial

$68.77

1.805 (2.70%)

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