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WBA

Walgreens Boots Alliance

$67.60

-0.2 (-0.29%)

, GE

General Electric

$13.05

0.29 (2.27%)

11:27
06/23/18
06/23
11:27
06/23/18
11:27

Adding Walgreens to Dow may be wrong move, Barron's says

The guardians of Dow Jones Industrial Average announced that they were booting General Electric (GE) and adding Walgreens Boots Alliance (WBA) to the venerable 30-stock index rather than Facebook (FB) or another technology company, Andrew Bary writes in this week's edition of Barron's. Walgreens' heyday was a decade or more ago, when drugstore chains were hot growth companies, the publication notes, adding that the stock trades for a modest 11 times forward earnings, reflecting concerns about the impact of e-commerce on sales at the front of drugstores and the outlook for pharmacy sales. Reference Link

WBA

Walgreens Boots Alliance

$67.60

-0.2 (-0.29%)

GE

General Electric

$13.05

0.29 (2.27%)

FB

Facebook

$201.39

-0.07 (-0.03%)

  • 28

    Jun

WBA Walgreens Boots Alliance
$67.60

-0.2 (-0.29%)

04/17/18
MZHO
04/17/18
NO CHANGE
MZHO
Amazon news removes 'unprecedented overhang' on drug sellers, says Mizuho
After CNBC reported yesterday afternoon that Amazon (AMZN) has decided to shelve its plan to sell and distribute pharmaceutical products, Mizuho analyst Ann Hynes said she had thought Amazon's current logistics and distribution model would not translate into healthcare. However, based on conversations with investors, she believes the magnitude of the overhang that Amazon presented for drug distributors and retail pharmacies was "unprecedented." While drug pricing is still a concern, she notes that the CNBC report removes one overhang on the drug supply chain stocks. Hynes remain a buyer of CVS Health (CVS) and Walgreens (WBA) and keeps Neutral ratings on Rite Aid (RAD) as well as on drug distributors AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK).
04/24/18
LEER
04/24/18
NO CHANGE
LEER
Amazon shelving pharma supply efforts to hospitals not surprising, says Leerink
Leerink analyst David Larsen notes that Amazon (AMZN) is said to be shelving its pharmaceutical supply efforts to hospitals, which he does not see as a suprise given several barriers to entry. The consumer market has always been Amazon's core competency, though he expects it will be a long, gradual, and difficult process of building up an online drug portfolio with an initial focus likely on generics. The analyst believes the risk of Amazon entering retail in the near term is reduced significantly. Nonetheless, Larsen thinks risk remains longer term for retail pharmacies such as CVS (CVS) and Walgreens Boots Alliance (WBA).
05/23/18
LEER
05/23/18
NO CHANGE
Target $70
LEER
Market Perform
Walgreens Boots Alliance price target lowered to $70 from $75 at Leerink
Leerink analyst David Larsen lowered his price target for Walgreens Boots Alliance to $70 from $75 as healthcare hub strategy is taking time and headwinds continue. The analyst reiterates a Market Perform rating on the shares.
05/29/18
MZHO
05/29/18
NO CHANGE
Target $77
MZHO
Buy
Walgreens Boots Alliance price target lowered to $77 from $87 at Mizuho
Mizuho analyst Ann Hynes views Walgreens Boots Alliance's sell-side event last week as "strange." Management highlighted the company was focused on a new strategy for the stores, but would not share any details on the strategy for competitive reasons, Hynes tells investors in a research note. The analyst, however, keeps a Buy rating on the shares citing Walgreens' current valuation, "strong" cash flow and likely limited downside risk to adjusted earnings estimates.
GE General Electric
$13.05

0.29 (2.27%)

06/20/18
WBLR
06/20/18
NO CHANGE
WBLR
Outperform
GE's 'here to stay,' William Blair says after headquarter visit
Following a visit to General Electric's corporate headquarters in Boston late last week, William Blair analyst Nicholas Heymann believes the company's transformation, deleveraging and fundamentals "remain solidly on track." The analyst walked away with a "sense of optimism with continued progress" on GE's plan to optimize asset sale proceeds to enable it to deleverage its balance sheet to 2.5 times net debt/EBITDA. While no specific date has been provided for achieving this, the math from industrial asset sale proceeds and GE Capital portfolio liquidations would suggest year-end 2019, Heymann tells investors in a research note partially titled "GE's Here to Stay." The analyst believes GE is "reaching an inflection point for investor sentiment" and keeps an Outperform rating on the shares. He believes the stock is likely to offer "material upside potential over the near and intermediate time horizon." Shares of General Electric are down 6c to $12.89 in early trading after being last night's announcement of its removal from the Dow Jones Industrial Average.
06/22/18
GSCO
06/22/18
NO CHANGE
Target $14
GSCO
Neutral
GE should consider suspending dividend for next 18 months, says Goldman
Goldman Sachs analyst Joe Ritchie sees three key risks that continue weighing on shares of General Electric - fears about another dividend cut, worries about a credit rating downgrade and tail risk associated with the assets remaining in GE Capital. Given that GE needs to shore up its balance sheet to mitigate the risk of a credit rating downgrade, Ritchie contends that the company should consider suspending its common dividend for the next 18 months. Together with GE's announced divestitures, a dividend suspension would not only satisfy short-term financing needs but would give management a better chance to take a longer-term view on the rest of its portfolio and operations, argues Ritchie, who has a Neutral rating and $14 price target on GE shares.
06/04/18
JPMS
06/04/18
NO CHANGE
Target $11
JPMS
Underweight
General Electric needs $30B in cash, JPMorgan's Tusa says
JPMorgan analyst Stephen Tusa says he's watching for General Electric's new board and management to set the longer-term path for a "new GE" as the company's CEO transition approaches its one-year anniversary. In a research note titled "Will The Page Officially Turn In June?," Tusa argues that investors "deserve clarity on the path forward" following "mixed messages" and the debate around portfolio value. The analyst continues to see the need for GE to "de-risk substantially," which he believes includes the need for cash and a cut to the dividend. This is not only about survival, but positioning the company to, as CEO Flannery put it recently, "flourish," Tusa writes. The analyst's preliminary math shows the need for $30B in cash to get to 2.5 times leverage as per ratings agencies. Tusa keeps an Underweight rating on General Electric with an $11 price target.
06/01/18
UBSW
06/01/18
NO CHANGE
Target $16
UBSW
Neutral
General Electric can cover dividend into 2019, says UBS
UBS analyst Steven Winoker noted investors are concerned about General Electric's ability to pay its dividend. The analyst believes the company can generate enough cash and maintain a strong credit rating if they can execute asset sales. He believes the company can cover the dividend in 2018 and 2019 and most likely into 2020, but argues a bigger free cash flow cushion is warranted. Winoker maintained his Neutral rating and $16 price target on General Electric shares.
FB Facebook
$201.39

-0.07 (-0.03%)

06/13/18
MSCO
06/13/18
NO CHANGE
MSCO
Morgan Stanley says AT&T ruling may help narrow public/private media value gap
Morgan Stanley analyst Benjamin Swinburne said the court approval of AT&T's (T) acquisition of Time Warner (TWX) without conditions recognized the reality of new competition in the form of content investments from players such as Netflix (NFLX), Google's (GOOGL) YouTube, Amazon (AMZN), Apple (AAPL) and Facebook (FB). This ruling sends a "clear message to other industry players" and market uncertainty on deal prospects could fall, which could mean that equity values will likely rise accordingly, Swinburne tells investors. He notes there remains a large gap, which may now narrow, between private market valuations and public multiples in many parts of media and cable, pointing to Discovery Inc. (DISCK) as an example illustrating that point.
06/20/18
RBCM
06/20/18
NO CHANGE
Target $250
RBCM
Outperform
Facebook Messenger monetization is a 'pending catalyst', says RBC Capital
RBC Capital analyst Mark Mahaney kept his Outperform rating and a $250 price target on Facebook, saying the company's monetization of its Messenger product with more consistent advertising is "increasingly material" and a "pending catalyst". Mahaney notes that advertising content from companies such as "Equinox, Peloton, USAA, DraftKings, Georgetown University, Staples and Uber" in the Messenger app has been consistent and "reasonably relevant". The analyst also sees the format of the ads as effective - "noticeable, but not overly intrusive".
06/21/18
BARD
06/21/18
NO CHANGE
Target $44
BARD
Neutral
Yelp possibly benefiting from Facebook news feed changes, says Baird
Baird analyst Colin Sebastian said in a research note earlier today that his firm's latest consumer survey around local service preferences suggests either Yelp's (YELP) pace of product development is driving share gains, or that the company is benefiting from Facebook's (FB) recent de-emphasis of organic News Feed business posts. Baird's latest survey of 500 consumers showed an uptick in respondents selecting Yelp and Google (GOOG, GOOGL) as a preferred source for local services and information. The recent uptick coincides with a decline in Facebook's response rate, which could reflect changes to its News Feed algorithm de-emphasizing organic business posts in favor of user-generated content, Sebastian wrote. The analyst believes that while some confusion remains around the impact of Yelp's non-term contracts, the added flexibility will create an opportunity to cross-sell more attributable services over time. He keeps a Neutral rating on Yelp with a $44 price target. The stock in late morning trading is down 46c to $41.66.
06/11/18
KEYB
06/11/18
NO CHANGE
Target $245
KEYB
Overweight
Instagram could be primary growth driver by 2020, says KeyBanc
KeyBanc analyst Andy Hargreaves believes Facebook's Instagram will drive 27% of incremental ad revenue in 2018, going up to 58% by 2020, at which point he estimates the service will have over 1.4B MAU and over $22B of revenue. Given the immense data set of Facebook's combined properties, the massive Instagram opportunity, and the potential of multiple other billion-user products, the analyst recommends buying Facebook. Hargreaves reiterates an Overweight rating and $245 price target on the shares.

TODAY'S FREE FLY STORIES

ZTCOY

ZTE Corp.

$0.00

(0.00%)

14:24
07/20/18
07/20
14:24
07/20/18
14:24
Hot Stocks
Sen. Schumer: Trump's backtrack on ZTE example of 'being weak' »

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  • 10

    Sep

ZTCOY

ZTE Corp.

$0.00

(0.00%)

14:21
07/20/18
07/20
14:21
07/20/18
14:21
Periodicals
Lawmakers remove anti-ZTE measure from defense bill, Reuters says »

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  • 10

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
07/20/18
07/20
14:17
07/20/18
14:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
07/20/18
07/20
14:16
07/20/18
14:16
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NYSE market internals summary »

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RS

Reliance Steel

$91.30

0.24 (0.26%)

14:10
07/20/18
07/20
14:10
07/20/18
14:10
Options
Call buyers in Reliant Steel ahead of earnings next week »

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  • 26

    Jul

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$280.04

0.09 (0.03%)

14:08
07/20/18
07/20
14:08
07/20/18
14:08
General news
Trump worried Fed will hike rates twice this year, CNBC reports 

Reference Link

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$280.04

0.09 (0.03%)

03/08/13
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14:05
07/20/18
07/20
14:05
07/20/18
14:05
General news
Action Economics Survey results: »

Action Economics Survey…

SWN

Southwestern Energy

$5.36

-0.005 (-0.09%)

13:55
07/20/18
07/20
13:55
07/20/18
13:55
Options
Southwestern Energy put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 03

    Aug

13:55
07/20/18
07/20
13:55
07/20/18
13:55
General news
Treasury Curve Action: longer yields led to steepening »

Treasury Curve Action:…

LHO

LaSalle Hotel

$35.10

0.11 (0.31%)

, PEB

Pebblebrook Hotel

$39.66

-0.06 (-0.15%)

13:47
07/20/18
07/20
13:47
07/20/18
13:47
Hot Stocks
LaSalle Hotel confirms receipt of letter from Pebblebrook Hotel »

LaSalle Hotel Properties…

LHO

LaSalle Hotel

$35.10

0.11 (0.31%)

PEB

Pebblebrook Hotel

$39.66

-0.06 (-0.15%)

03/08/13
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  • 26

    Jul

ARDX

Ardelyx

$4.40

-0.05 (-1.12%)

13:42
07/20/18
07/20
13:42
07/20/18
13:42
Hot Stocks
Breaking Hot Stocks news story on Ardelyx »

Adage Capital Partners…

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LITE

Lumentum

$55.30

-4.1 (-6.90%)

13:42
07/20/18
07/20
13:42
07/20/18
13:42
Recommendations
Lumentum analyst commentary  »

Lumentum should be bought…

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HES

Hess Corp.

$64.01

-0.49 (-0.76%)

13:40
07/20/18
07/20
13:40
07/20/18
13:40
Options
Hess sees aggressive call buying ahead of earnings next week »

Hess sees aggressive call…

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  • 25

    Jul

FFIV

F5 Networks

$172.71

1.06 (0.62%)

, S

Sprint

$5.46

-0.015 (-0.27%)

13:39
07/20/18
07/20
13:39
07/20/18
13:39
Hot Stocks
F5 Networks names Sprint CEO Michel Combes to board »

F5 Networks (FFIV)…

FFIV

F5 Networks

$172.71

1.06 (0.62%)

S

Sprint

$5.46

-0.015 (-0.27%)

03/08/13
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03/06/13
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03/06/13
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  • 25

    Jul

  • 01

    Aug

  • 08

    Aug

  • 09

    Aug

LGF.A

Lionsgate

$24.92

-0.04 (-0.16%)

, LGF.B

Lionsgate

$23.91

-0.06 (-0.25%)

13:37
07/20/18
07/20
13:37
07/20/18
13:37
Periodicals
Ex-Lions Gate general counsel was mired in legal drama prior to exit, WSJ says »

Lions Gate general…

LGF.A

Lionsgate

$24.92

-0.04 (-0.16%)

LGF.B

Lionsgate

$23.91

-0.06 (-0.25%)

03/08/13
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03/06/13
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  • 09

    Aug

UNIT

Uniti Group

$17.85

-0.785 (-4.21%)

13:35
07/20/18
07/20
13:35
07/20/18
13:35
Options
Uniti Group put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 09

    Aug

LITE

Lumentum

$55.30

-4.1 (-6.90%)

13:33
07/20/18
07/20
13:33
07/20/18
13:33
Recommendations
Lumentum analyst commentary  »

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SPY

SPDR S&P 500 ETF Trust

$280.19

0.24 (0.09%)

, IWM

iShares Trust Russell 2000 Index Fund

$169.13

-0.01 (-0.01%)

13:30
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Technical Analysis
On The Fly: ETF fund flow highlights »

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SPY

SPDR S&P 500 ETF Trust

$280.19

0.24 (0.09%)

IWM

iShares Trust Russell 2000 Index Fund

$169.13

-0.01 (-0.01%)

QQQ

Invesco QQQ Trust

$179.51

0.48 (0.27%)

BBJP

JPMorgan BetaBuilders Japan ETF

$24.08

0.065 (0.27%)

XLF

Financial Select Sector

$27.59

0.085 (0.31%)

XLI

Industrial Select Sector SPDR

$74.65

0.12 (0.16%)

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CP

Canadian Pacific

$194.73

2.71 (1.41%)

13:24
07/20/18
07/20
13:24
07/20/18
13:24
Hot Stocks
Canadian Pacific, TCRC-T&E ratify four-year agreement »

Canadian Pacific Railway…

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AMZN

Amazon.com

$1,821.64

8.79 (0.48%)

13:17
07/20/18
07/20
13:17
07/20/18
13:17
Hot Stocks
Amazon announces new fulfillment center in Spokane »

Amazon.com announced…

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  • 26

    Jul

  • 16

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/20/18
07/20
13:17
07/20/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
07/20/18
07/20
13:16
07/20/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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ESL

Esterline

$81.10

5.6 (7.42%)

13:11
07/20/18
07/20
13:11
07/20/18
13:11
Periodicals
Esterline in early stages of exploring sale, WSJ reports »

Esterline Technologies…

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  • 02

    Aug

SN

Sanchez Energy

$4.72

-0.1 (-2.07%)

13:10
07/20/18
07/20
13:10
07/20/18
13:10
Options
Sizable put spreads in Sanchez Energy as a bullish play is extended »

Sizable put spreads in…

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  • 07

    Aug

PH

Parker-Hannifin

$164.52

-0.61 (-0.37%)

, TXT

Textron

$67.34

0.34 (0.51%)

13:08
07/20/18
07/20
13:08
07/20/18
13:08
Hot Stocks
Parker Aerospace wins Cessna Denali contract for bleed air control system »

Parker Aerospace, a…

PH

Parker-Hannifin

$164.52

-0.61 (-0.37%)

TXT

Textron

$67.34

0.34 (0.51%)

03/08/13
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