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FB

Facebook

$206.57

4.09 (2.02%)

, GOOG

Alphabet

$1,180.49

26.1 (2.26%)

14:42
07/12/18
07/12
14:42
07/12/18
14:42

Facebook closed loophole that let parties see names in private groups, CNBC says

Facebook (FB) recently shut a privacy loophole that let third parties discover the names of people in private, "closed" groups in the social media network, CNBC reports. A Chrome (GOOG) extension that was designed specifically for marketers to harvest this data en masse was also shut down prior to Facebook's (FB) move, after the social media giant issued a cease-and-desist letter to the app's makers earlier in 2018, the report says, citing a spokesperson. Facebook's move came after members of a private group for women with a gene mutation associated with a higher risk breast cancer complained, worried that their names might be made known and expose them to discrimination from insurers or other privacy violations, the report says. A Facebook spokesperson said that removing the ability to view members of closed groups was a recent decision based on "several factors," but was not related to this group's outreach. Reference Link

FB

Facebook

$206.57

4.09 (2.02%)

GOOG

Alphabet

$1,180.49

26.1 (2.26%)

GOOGL

Alphabet Class A

$1,198.14

27.39 (2.34%)

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FB Facebook
$206.57

4.09 (2.02%)

07/11/18
07/11/18
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 (GOOGL, GOOG), Facebook (FB), and Spotify (SPOT) were initiated with a Buy at Nomura Instinet while Twitter (TWTR) was initiated with a Reduce. 2. AMC Entertainment (AMC) and Cinemark (CNK) were initiated with an Outperform at Imperial Capital. 3. Keurig Dr Pepper (KDP) initiated with a Hold at Stifel. 4. Myers Industries (MYE) initiated with a Neutral at Baird and JPMorgan. 5. TPG Pace Energy (TPGE) initiated with an Outperform at Northland. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/18
07/11/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. MCDONALD'S CUT TO NEUTRAL: Cleveland Research analyst Steven Gojak downgraded McDonald's (MCD) to Neutral from Buy after his industry checks led him to believe that its comparable sale results in the second half will trend more in-line with consensus expectations. Gojak, who is still modeling Q2 U.S. comp sales growth of 3.7% for McDonald's, which is above the 3.1% consensus growth view, lowered his 2018 U.S. comp estimate to 3.2% from 3.4%, compared to the consensus of 3.1% growth. McDonald's is down 1% in midday trading. NOMURA INITIATES INTERNET SECTOR: Nomura Instinet initiated coverage on the Americas Internet sector. Nomura Instinet initiated Alphabet Class A (GOOGL), Facebook (FB), and Spotify (SPOT) with Buy ratings, and added that Alphabet and Facebook were the best positioned in this newly regulated industry. It initiated Twitter (TWTR) with a Reduce rating, saying that while it is a "stable long-term asset that has something for everyone," the firm believes the market is pricing in "a significant advertising reacceleration that implies a shift in ad spend," while the firm expects "stability instead of a reacceleration of growth." CREDIT SUISSE POSITIVE ON VERIZON, NEGATIVE ON AT&T: Credit Suisse analyst Douglas Mitchelson initiated Verizon (VZ) with an Outperform rating and a price target of $58. The analyst believes Verizon should benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform." Mitchelson also initiated AT&T (T) with an Underperform rating and a price target of $29. Mitchelson said that AT&T will require greater scale and a shift to global direct-to-consumer distribution, stating that the elevated execution risk under its ownership structure and its wireless business look mature with little chance for stabilization in spite of the coming 5G technology. DISNEY VALUATION NOT COMPELLING: Credit Suisse analyst Douglas Mitchelson initiated Disney (DIS) with a Neutral rating and a price target of $114. The analyst noted that the company is "the best positioned traditional media company", but believes the Street has not sufficiently discounted the costs associated with Disney's push into direct-to-consumer streaming services, adding that FY19 will be extra challenging because of high film comps and major theme park project launches.
07/12/18
ADAM
07/12/18
NO CHANGE
Target $2000
ADAM
Buy
Amazon.com price target raised to $2,000 from $1,800 at Canaccord
Canaccord analyst Michael Graham raised its price target on Amazon to $2,000 from $1,800 and maintained a Buy rating, noting strong growth prospects. In a research note to investors, Graham says he is the most constructive among the "FANG" stocks on Amazon and Facebook (FB), although he adds that the FANG stocks are trading at a multiple that's low by historical standards but high compared to the past eight years. Graham thinks his revenue estimate of 38% for Q2 could prove to be conservative, and continues to see Amazon having the most robust and durable growth outlook in the group.
07/12/18
ADAM
07/12/18
NO CHANGE
Target $240
ADAM
Buy
Privacy concerns at Facebook linger, but Canaccord says 'constructive' on shares
Canaccord analyst Michael Graham maintained a Buy rating on Facebook (FB) shares ahead of the company's quarterly earnings, telling investors in a research note that he is the most constructive among the "FANG" stocks on Facebook and Amazon (AMZN), although he adds that the FANG stocks are trading at a multiple that's low by historical standards but high compared to the past eight years. Looking ahead, Graham says slowing ad load growth places greater burden for revenue growth on ad pricing, and data and privacy concerns will linger and may intensify, but he still sees a very constructive case for fundamentals and estimates for the rest of the year and find the valuation reasonable relative to growth. The analyst says he is "comfortable" with his $240 price target, which is based on 26x 2019 EPS.
GOOG Alphabet
$1,180.49

26.1 (2.26%)

07/02/18
JEFF
07/02/18
NO CHANGE
JEFF
Jefferies sees rotation coming to Technology, downgrades sector rating
Jefferies equity strategist Steven DeSanctis downgraded his rating on the Technology sector to a Market Weight from Overweight. "Sentiment is too strong and we sense a rotation coming," DeSanctis tells investors in a research note. On Biotech, the analyst recommends staying selective as the sector "is nearing an all-time high weight in small growth benchmarks." On Financials, DeSanctis says that while the sector has not worked for 18 months, rising interest rates, more deal activity and cheaper valuations could get the group moving higher.
07/10/18
BARD
07/10/18
NO CHANGE
Target $1300
BARD
Outperform
Alphabet ad platform enhancement offers more automation, says Baird
Baird analyst Colin Sebastian kept his Outperform rating and $1,300 price target on Alphabet, saying the company's sixth annual Marketing Live conference demonstrated its recently announced core ad platform changes and its ability to "leverage machine learning capabilities". Sebastian notes that the enhancements provide a higher level of automation in ad creation and measurement, making it easier for advertisers to develop campaigns across the company's suite of consumer apps. The analyst adds that moderating growth in traffic acquisition costs as well as its increasing revenue diversification offer further upside potential for Alphabet.
07/12/18
ADAM
07/12/18
NO CHANGE
Target $1050
ADAM
Hold
Alphabet 'fairly valued' ahead of Q2 earnings, says Canaccord
Canaccord analyst Michael Graham said Alphabet is fairly valued ahead of its Q2 earnings report, telling investors in a research note that he believes the company will report "solid" top line performance and is comfortable with his estimate for 26% core Properties revenue growth. He sees core revenue growth staying "comfortable" above 20%, but thinks Alphabet will continue to underperform the FANG complex as gross margin contraction leads to slower EPS growth. With the multiple at a historically "full" level, Graham thinks stock appreciation may be limited. Graham has a Hold rating and $1,050 price target on Alphabet shares.
GOOGL Alphabet Class A
$1,198.14

27.39 (2.34%)

07/10/18
NOMU
07/10/18
INITIATION
NOMU
Nomura Instinet initiates coverage on Americas Internet
Nomura Instinet initiated coverage on nine names within the Americas Internet sector. The firm believes, overall, that there is "still some room for growth in digital advertising for the foreseeable future" and believes it will be led primarily by digital video and social, and primarily on mobile devices. The firm added that, as a result of slowing user growth and already high internet penetration, the growth will likely be led by pricing, rather than volume, and the consistent shift away from offline to online media. Nomura Instinet forecast the global digital advertising market "will grow at a 15% five-year CAGR through 2020 as digital ads work toward constituting half of total advertising spend," which the firm expects to occur in 2020. Nomura Instinet initiated Alphabet Class A (GOOGL), Facebook (FB), and Spotify (SPOT) with Buy ratings, and added that Alphabet and Facebook were the best positioned in this newly regulated industry. It initiated Netflix (NFLX), Snap (SNAP), Trade Desk (TTD), Criteo (CRTO), and Pandora (P) with Neutral ratings. It initiated Twitter (TWTR) with a Reduce rating, saying that while it is a "stable long-term asset that has something for everyone," the firm believes the market is pricing in "a significant advertising reacceleration that implies a shift in ad spend," while the firm expects "stability instead of a reacceleration of growth."

TODAY'S FREE FLY STORIES

11:56
10/23/18
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11:56
Conference/Events
Morgan Stanley to hold an analyst/industry conference call on IT trends »

Managing Director Huberty…

CSX

CSX

$66.08

-2.23 (-3.26%)

11:55
10/23/18
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Options
CSX put volume heavy and directionally bearish »

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CLSA financial analyst to hold an analyst/industry conference call »

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CNXN

Connection

$28.53

-0.25 (-0.87%)

11:54
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Upgrade
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YNDX

Yandex

$26.78

-0.76 (-2.76%)

11:53
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11:53
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Yandex analyst commentary  »

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General news
Treasury's $65 B bill auctions were mixed with the 8-week outperforming »

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U.S. equities are digging above lows »

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LYFT

Lyft

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(0.00%)

, UBER

Uber

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(0.00%)

11:46
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11:46
Hot Stocks
Lyft is acquiring London-based augmented reality startup Blue Vision Labs »

In a blog post earlier,…

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Lyft

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Uber

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DB

Deutsche Bank

$10.73

0.015 (0.14%)

11:45
10/23/18
10/23
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11:45
Options
Deutsche Bank call volume above normal and directionally bullish »

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General news
FX Action: USD-JPY »

FX Action: USD-JPY dipped…

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Conference/Events
Morgan Stanley energy analysts to hold an analyst/industry conference call »

Energy Analysts, along…

MCD

McDonald's

$175.81

9.28 (5.57%)

11:37
10/23/18
10/23
11:37
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11:37
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

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11:37
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11:37
General news
8-Week Bill Auction Total Amount data reported »

8-Week Bill Auction Total…

11:37
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11:37
General news
4-Week Bill Auction Total Amount data reported »

4-Week Bill Auction Total…

FSNN

Fusion

$2.37

-0.035 (-1.46%)

11:37
10/23/18
10/23
11:37
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11:37
Conference/Events
Fusion management to meet with B. Riley FBR »

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CAT

Caterpillar

$119.44

-9.2 (-7.15%)

11:35
10/23/18
10/23
11:35
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11:35
Hot Stocks
Caterpillar will have 'stiff tailwind next year' »

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  • 23

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STX

Seagate

$42.62

-1 (-2.29%)

11:35
10/23/18
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11:35
Options
Seagate put volume heavy and directionally bearish »

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HSBC

HSBC

$39.61

-0.745 (-1.85%)

11:32
10/23/18
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11:32
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11:32
Downgrade
HSBC rating change  »

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CAT

Caterpillar

$118.96

-9.68 (-7.52%)

11:28
10/23/18
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11:28
Hot Stocks
Caterpillar: weak demand for oil, gas drilling equipment »

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  • 23

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LMT

Lockheed Martin

$326.11

-0.34 (-0.10%)

11:28
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11:28
Hot Stocks
Lockheed Martin says business pipeline remains 'robust' »

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MCD

McDonald's

$175.92

9.39 (5.64%)

11:26
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McDonald's sees FY U.S. commodity costs up about 2% »

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  • 23

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11:25
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Conference/Events
RBC Capital REITs analyst to hold a group luncheon »

REITs Analyst Golladay…

PRTK

Paratek Pharmaceuticals

$8.62

-0.37 (-4.12%)

11:25
10/23/18
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Conference/Events
Paratek Pharmaceuticals to host investor day »

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  • 23

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MCD

McDonald's

$176.28

9.75 (5.85%)

11:22
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Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's: Remodel…

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