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SFTBF

SoftBank

$0.00

(0.00%)

, AABA

Altaba

$75.61

0.23 (0.31%)

06:14
07/10/18
07/10
06:14
07/10/18
06:14

Altaba to sell part of Yahoo Japan stake to SoftBank

SoftBank (SFTBF) announces that SoftBank Corp., a subsidiary of SBG, decided on July 10 to implement a tender offer for 613,888,888 shares, or Y221B, of common shares of Yahoo Japan Corporation, a subsidiary of SBG, for the purpose of acquiring a portion of the common shares of YJ held by Altaba (AABA). This decision was made by Ken Miyauchi, SBKK's President and CEO, who was delegated the authority to decide whether to implement such acquisition at the meeting of the board of directors held on July 9. YJ also resolved at a meeting of its board of directors held on July 10, 2018 to: (i) express its support for the Tender Offer and its intention to leave the decision of whether to participate in this Tender Offer up to individual investors; and (ii) to acquire its own shares by way of a self-tender offer. Over the years, SBKK and YJ have strengthened their collaboration with an emphasis on e-commerce, expanded smartphone customer-targeted services, and strengthened the business relationship between the two companies. Under the belief that further expansion of the scope of collaboration going forward will increase the two companies' competitiveness, SBKK has been considering strengthening its capital relationship with YJ, through the establishment of a direct capital relationship with YJ.

SFTBF

SoftBank

$0.00

(0.00%)

AABA

Altaba

$75.61

0.23 (0.31%)

  • 10

    Sep

SFTBF SoftBank
$0.00

(0.00%)

10/18/17
KEYB
10/18/17
NO CHANGE
KEYB
KeyBanc says Softbank JV won't compete with primary business of tower operators
KeyBanc said it does not view Softbank's (SFTBF) joint venture with Australia's Lendlease as competitive to the tower operators' primary business, noting that the venture is likely to focus on rooftop sites in urban markets, but tower businesses generate the vast majority of their revenue on sites located outside urban areas. Publicly traded tower companies include American Tower (AMT), Crown Castle (CCI) and SBA (SBAC).
10/19/17
BERN
10/19/17
INITIATION
BERN
Outperform
SoftBank initiated with an Outperform at Bernstein
Bernstein analyst Chris Lane started SoftBank with an Outperform rating as he believes the company has a "bright future."
05/31/18
05/31/18
UPGRADE
Target $50

Outperform
General Motors upgraded to Outperform after SoftBank investment at Evercore ISI
As previously reported, Evercore ISI analyst George Galliers upgraded General Motors (GM) to Outperform from In Line after SoftBank's (SFTBF) Vision Fund agreed to invest in the company's Cruise autonomous driving unit in a deal that values the unit at $11.5B. Galliers said he had been assigning no value to the Cruise assets before the announcement. Under his new sum-of-the-parts valuation, Galliers applies a 6.0x multiple on GM's core, attributes a value of about $8 per share for the Cruise assets and about 60c per share for GM's stake in Lyft before applying a 25% discount to both of the latter. He raised his price target on GM shares to $50 from $47.
06/06/18
MSCO
06/06/18
NO CHANGE
MSCO
Morgan Stanley says Softbank stake in Cruise significant 'far beyond' just GM
Morgan Stanley analyst Adam Jonas said Softbank's (SFTBF) recently announced investment in GM Cruise "carries significance far beyond" General Motors (GM), arguing that the increasingly conspicuous involvement of "outside validators" such as large-cap tech firms and prominent investors can accelerate perception change in the capital markets about "Auto 2.0." He envisions the possible formation of two different companies currently held under one automaker's roof, which he dubs an Auto 2.0 "Yieldco" and an Auto 2.0 "Growthco." Converting car owners into monthly subscribers could open up significant revenue, profit, and value opportunities for traditional automakers, argues Jonas in a note to investors. Other automaking "OEMs" include Ford (F), Daimler (DDAIF), Toyota (TM), Honda (HMC), Fiat Chrysler (FCAU) and BMW Group (BAMXY).
AABA Altaba
$75.61

0.23 (0.31%)

03/29/18
RHCO
03/29/18
NO CHANGE
Target $225
RHCO
Buy
Facebook sell-off is 'overdone', says SunTrust
SunTrust analyst Youssef Squali writes that the 17% decline in the stock price of Facebook (FB) since the emergence of the Cambridge Analytica scandal last week is overdone, keeping his Buy rating and $225 price target. Squali notes that the digital advertisers he spoke with are not leaving the platform because of Facebook's marketing effectiveness and also sees few signs of "users fleeing Facebook en masse". The analyst further points to "compelling valuation" on the shares, the likelihood of limited regulatory actions, and the history of the spillover from other data breach instances impacting companies like Yahoo (AABA) and Equifax (EFX) eventually passing.
05/18/18
MKMP
05/18/18
NO CHANGE
Target $124
MKMP
Buy
Altaba price target raised to $124 from $112 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Altaba (AABA) to $124 to reflect the price target change on Alibaba (BABA). The analyst anticipates "aggressive" share repurchases by the company to continue based on the management's view that Altaba discount to net asset value will normalize "below the effective tax rate", and that the tax rate will land in the high teens and below the 21% federal target rate. Sanderson further believes that the resulting arbitrage opportunity should remain "highly favorable".
06/07/18
FBCO
06/07/18
NO CHANGE
Target $88
FBCO
Altaba price target raised to $88 from $76 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Altaba (AABA) to $88 from $76, citing the 195M share tender offer, and Alibaba (BABA) and Yahoo Japan (YAHOY) share prices.
07/09/18
LYON
07/09/18
UPGRADE
LYON
Outperform
Yahoo Japan upgraded to Outperform from Sell at CLSA
CLSA analyst Rolf Edelman double upgraded Yahoo Japan (YAHOY) to Outperform from Sell and raised his price target for the shares to 393 yen from 350 yen. Nikkei reported that Yahoo Japan is considering a 200B yen buyback, which would be equivalent to around 10% of its market cap and would be direct from Altaba (AABA), which is already selling its stake, Edelman tells investors in a research note. The analyst thinks a buyback of this size is "credible" and factored it into his model for Yahoo Japan.

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BCS

Barclays

$8.60

0.11 (1.30%)

14:20
10/23/18
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SELB

Selecta Biosciences

$8.93

-4.44 (-33.21%)

14:19
10/23/18
10/23
14:19
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14:19
Recommendations
Selecta Biosciences analyst commentary  »

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  • 23

    Oct

SLG

SL Green Realty

$92.15

0.36 (0.39%)

14:18
10/23/18
10/23
14:18
10/23/18
14:18
Downgrade
SL Green Realty rating change  »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/23/18
10/23
14:17
10/23/18
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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CNC

Centene

$133.39

-7.945 (-5.62%)

14:16
10/23/18
10/23
14:16
10/23/18
14:16
Recommendations
Centene analyst commentary  »

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    Dec

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/23/18
10/23
14:16
10/23/18
14:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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KKR

KKR

$22.65

-1.255 (-5.25%)

14:15
10/23/18
10/23
14:15
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14:15
Options
KKR put volume heavy and directionally bearish »

Bearish flow noted in KKR…

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  • 25

    Oct

SBH

Sally Beauty

$17.78

0.28 (1.60%)

14:09
10/23/18
10/23
14:09
10/23/18
14:09
Hot Stocks
Sally Beauty unveils Sally Beauty Rewards »

"Sally Beauty …

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ICAD

iCAD

$3.10

-0.02 (-0.64%)

14:06
10/23/18
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14:06
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14:06
Hot Stocks
iCAD announces new clinical data on the Xoft Electronic Brachytherapy System »

iCAD announced new…

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  • 15

    Nov

AMD

AMD

$24.73

-0.31 (-1.24%)

14:05
10/23/18
10/23
14:05
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14:05
Hot Stocks
AMD, Oracle collaborate on EPYC processor-based offering »

At Oracle's (ORCL)…

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  • 24

    Oct

  • 06

    Dec

UNH

UnitedHealth

$261.89

-0.26 (-0.10%)

14:05
10/23/18
10/23
14:05
10/23/18
14:05
Options
UnitedHealth call volume above normal and directionally bullish »

Bullish option flow…

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FB

Facebook

$152.62

-2.19 (-1.41%)

14:03
10/23/18
10/23
14:03
10/23/18
14:03
Hot Stocks
Facebook introduces Messenger 4 »

In a blog posting,…

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  • 28

    Oct

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    Nov

14:00
10/23/18
10/23
14:00
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14:00
General news
Breaking General news story  »

Dallas Federal Reserve…

KR

Kroger

$28.16

0.17 (0.61%)

13:58
10/23/18
10/23
13:58
10/23/18
13:58
Hot Stocks
Kroger hiring 10,000 associates for holiday season »

The Kroger Co. announced…

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  • 28

    Oct

EXAS

Exact Sciences

$63.00

0.68 (1.09%)

13:55
10/23/18
10/23
13:55
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13:55
Periodicals
Exact Sciences named a core healthcare short at Hedgeye »

Hedgeye named Exact…

03/08/13
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  • 30

    Oct

EOG

EOG Resources

$110.23

-6.03 (-5.19%)

13:55
10/23/18
10/23
13:55
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13:55
Options
EOG Resources put volume heavy and directionally bearish »

Bearish flow noted in EOG…

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  • 02

    Nov

SELB

Selecta Biosciences

$9.06

-4.31 (-32.24%)

, HZNP

Horizon Pharma

$18.52

-0.735 (-3.82%)

13:53
10/23/18
10/23
13:53
10/23/18
13:53
Hot Stocks
Street Fight: Analysts diverge on Selecta Bio's gout drug data read-through »

Shares of Selecta…

SELB

Selecta Biosciences

$9.06

-4.31 (-32.24%)

HZNP

Horizon Pharma

$18.52

-0.735 (-3.82%)

03/08/13
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  • 23

    Oct

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  • 07

    Nov

  • 27

    Nov

13:50
10/23/18
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13:50
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13:50
General news
Fed's Bostic continues to tout a gradual path of tightening »

Fed's Bostic…

UNP

Union Pacific

$143.76

-3.04 (-2.07%)

13:47
10/23/18
10/23
13:47
10/23/18
13:47
Periodicals
Union Pacific eliminating 475 positions by year end, World-Herald says »

Union Pacific said in a…

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  • 25

    Oct

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    Nov

LNG

Cheniere Energy

$61.13

-2.36 (-3.72%)

13:45
10/23/18
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13:45
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13:45
Options
Cheniere Energy call volume above normal and directionally bullish »

Bullish option flow…

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  • 08

    Nov

GOOG

Alphabet

$1,095.61

-4.91 (-0.45%)

, GOOGL

Alphabet Class A

$1,104.31

-6.89 (-0.62%)

13:44
10/23/18
10/23
13:44
10/23/18
13:44
Periodicals
Google will fix Pixel photo saving issue with software update, Verge says »

Google will fix a trouble…

GOOG

Alphabet

$1,095.61

-4.91 (-0.45%)

GOOGL

Alphabet Class A

$1,104.31

-6.89 (-0.62%)

03/08/13
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  • 23

    Oct

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  • 03

    Mar

RFP

Resolute Forest

$11.70

-0.12 (-1.02%)

13:41
10/23/18
10/23
13:41
10/23/18
13:41
Conference/Events
Resolute Forest to hold a press conference »

Management announces the…

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  • 01

    Nov

AEP

American Electric

$73.15

0.01 (0.01%)

13:40
10/23/18
10/23
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13:40
Hot Stocks
American Electric increases quarterly dividend 8.1% to 67c per share »

The Board of Directors of…

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  • 11

    Nov

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    Nov

YEXT

Yext

$18.57

0.18 (0.98%)

, SNAP

Snap

$6.83

-0.01 (-0.15%)

13:39
10/23/18
10/23
13:39
10/23/18
13:39
Hot Stocks
Snapchat joins the Yext knowledge network »

Yext (YEXT) announced a…

YEXT

Yext

$18.57

0.18 (0.98%)

SNAP

Snap

$6.83

-0.01 (-0.15%)

03/08/13
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  • 23

    Oct

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    Nov

YEXT

Yext

$18.57

0.18 (0.98%)

13:35
10/23/18
10/23
13:35
10/23/18
13:35
Hot Stocks
Yext announces next generation of DKM, Yext Brain »

Yext announced the next…

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  • 23

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