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FB

Facebook

$206.90

4.42 (2.18%)

06:14
07/13/18
07/13
06:14
07/13/18
06:14

Facebook struggles to explain why InfoWars is not banned, CNN reports

After highlighting Facebook's efforts to fight fake news and misinformation in a short presentation, head of News Feed John Hegeman and product specialist for News Feed Sara Su struggled to explain why the platform allows conspiracy theory purveyor InfoWars to maintain a page, CNN reports, citing the comments made by the employees. Hegeman said that the company does not "take down false news...I guess just for being false that doesn't violate the community standards," adding InfoWars has "not violated something that would result in them being taken down...I think part of the fundamental thing here is that we created Facebook to be a place where different people can have a voice. And different publishers have very different points of view." Reference Link

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FB Facebook
$206.90

4.42 (2.18%)

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.

TODAY'S FREE FLY STORIES

RYTM

Rhythm Pharmaceuticals

$28.09

1.56 (5.88%)

06:06
10/17/18
10/17
06:06
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06:06
Conference/Events
Rhythm Pharmaceuticals management to meet with Needham »

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  • 23

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TSLA

Tesla

$276.46

16.88 (6.50%)

06:06
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10/17
06:06
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06:06
Periodicals
Tesla secures site in Shanghai for new Gigafactory, Reuters reports »

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AKRX

Akorn

$6.71

0.445 (7.11%)

06:06
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MAXR

Maxar Technologies

$30.39

0.98 (3.33%)

06:06
10/17/18
10/17
06:06
10/17/18
06:06
Hot Stocks
Maxar Technologies subsidiary awarded up to $7M NASA contract »

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IMUC

ImmunoCellular

$0.05

-0.173 (-76.55%)

06:03
10/17/18
10/17
06:03
10/17/18
06:03
Hot Stocks
ImmunoCellular receives notice of noncompliance from NYSE, stock to be delisted »

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RSNAY

RSA Insurance

$0.00

(0.00%)

06:03
10/17/18
10/17
06:03
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06:03
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RSA Insurance management to meet with RBC Capital »

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  • 24

    Oct

MEI

Methode Electronics

$30.08

0.73 (2.49%)

06:03
10/17/18
10/17
06:03
10/17/18
06:03
Conference/Events
Methode Electronics management to meet with B. Riley FBR »

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  • 24

    Oct

CNCE

Concert Pharmaceuticals

$15.59

0.64 (4.28%)

06:01
10/17/18
10/17
06:01
10/17/18
06:01
Conference/Events
Concert Pharmaceuticals management to meet with JMP Securities »

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  • 23

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LYFT

Lyft

$0.00

(0.00%)

, JPM

JPMorgan

$108.65

2.31 (2.17%)

06:00
10/17/18
10/17
06:00
10/17/18
06:00
Periodicals
Lyft picks JPMorgan to lead IPO, which could be valued at over $15B, CNBC says »

Lyft (LYFT) has hired…

LYFT

Lyft

$0.00

(0.00%)

JPM

JPMorgan

$108.65

2.31 (2.17%)

UBER

Uber

$0.00

(0.00%)

03/08/13
Wedge Partners
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  • 19

    Oct

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ALB

Albemarle

$97.15

1.02 (1.06%)

06:00
10/17/18
10/17
06:00
10/17/18
06:00
Conference/Events
Albemarle management to meet with UBS »

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  • 24

    Oct

  • 08

    Nov

BMO

Bank of Montreal

$80.19

0.93 (1.17%)

05:59
10/17/18
10/17
05:59
10/17/18
05:59
Conference/Events
Bank of Montreal to host investor day »

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  • 24

    Oct

  • 24

    Oct

TWTR

Twitter

$29.86

1.25 (4.37%)

05:57
10/17/18
10/17
05:57
10/17/18
05:57
Periodicals
Twitter banned 1,500 accounts for misleading election-related content, NYT says »

Over the weekend, Twitter…

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  • 07

    Nov

TSLA

Tesla

$276.46

16.88 (6.50%)

05:57
10/17/18
10/17
05:57
10/17/18
05:57
Hot Stocks
Tesla's Musk vows to fix 'foolish oversight' in service locations »

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  • 29

    Oct

  • 13

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  • 13

    Dec

GOOG

Alphabet

$1,120.11

28.11 (2.57%)

, GOOGL

Alphabet Class A

$1,133.71

32.13 (2.92%)

05:52
10/17/18
10/17
05:52
10/17/18
05:52
Hot Stocks
YouTube resolves widespread access issues also impacgint YouTube TV, Music »

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GOOG

Alphabet

$1,120.11

28.11 (2.57%)

GOOGL

Alphabet Class A

$1,133.71

32.13 (2.92%)

03/08/13
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  • 21

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SSNLF

Samsung

$0.00

(0.00%)

05:50
10/17/18
10/17
05:50
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05:50
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Samsung to acquire Zhilabs to expand AI-based automation portfolio »

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AMZN

Amazon.com

$1,818.00

57.01 (3.24%)

05:47
10/17/18
10/17
05:47
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05:47
Periodicals
Amazon employee on Medium: Employees asked Bezos to kick Palantir off AWS »

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  • 17

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LOW

Lowe's

$105.97

1.31 (1.25%)

05:41
10/17/18
10/17
05:41
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05:41
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  • 28

    Oct

HD

Home Depot

$193.61

2.51 (1.31%)

05:40
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10/17
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05:40
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Home Depot rating change  »

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SLCA

U.S. Silica

$18.72

0.38 (2.07%)

05:40
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  • 23

    Oct

CVIA

Covia

$7.58

0.18 (2.43%)

05:39
10/17/18
10/17
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05:39
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Covia rating change  »

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SND

Smart Sand

$3.81

-0.07 (-1.80%)

05:39
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05:39
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HCLP

Hi-Crush Partners

$9.49

-0.16 (-1.66%)

05:38
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05:38
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  • 31

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SCGLY

Societe Generale

$0.00

(0.00%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

05:38
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10/17
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05:38
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Societe Generale CEO pulls out of Saudi Arabia summit, Reuters reports »

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SCGLY

Societe Generale

$0.00

(0.00%)

BNPQY

BNP Paribas

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SAFRY

Safran

$0.00

(0.00%)

05:37
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UBER

Uber

$0.00

(0.00%)

05:36
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05:36
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05:36
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Uber, Grab fined by Philippine watchdog for rushed merger, Reuters reports »

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