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NFLX

Netflix

$400.24

4.32 (1.09%)

18:39
07/16/18
07/16
18:39
07/16/18
18:39

Netflix says debt remains the most preferred source of capital

  • 16

    Jul

NFLX Netflix
$400.24

4.32 (1.09%)

07/16/18
07/16/18
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. NETFLIX CUT TO UNDERPERFORM AT BUCKINGHAM: Buckingham analyst Matthew Harrigan downgraded Netflix (NFLX) to Underperform from Neutral ahead of the company's earnings report, as he estimates that the stock's current price implies "optimistic" views of the company reaching 360M global members in 2025 and 505M by 2033 along with a long-term operating profit margin near 35%. UBS NOW FAVORS UPS OVER FEDEX: UBS analyst Thomas Wadewitz upgraded UPS (UPS) to Buy from Neutral and raised his price target for the shares to $125 from $121. The combination of cost and productivity improvements, coupled with a "constructive" revenue backdrop, provide potential for improved Domestic Package margin performance and stronger operating income growth in 2019 for UPS, Wadewitz told investors. The analyst believes the company has "multiple cost side drivers" and that the new Teamsters agreement may also facilitate growth. Wadewitz this morning also downgraded FedEx (FDX) to Neutral from Buy and lowered his price target for the shares to $256 from $283. With a large global Express business representing 55% of revenue and about 13% of revenue linked to Asia, FedEx is exposed to risk from tariffs and potentially slower trade activity, Wadewitz told investors. The analyst sees limited visibility to near term margin expansion as the company is still ramping up integration with TNT in Europe. In midday trading, UPS is up just over 1%, while FedEx is down 1.5%. BMO CUTS HASBRO TO UNDERPERFORM: BMO Capital analyst Gerrick Johnson downgraded Hasbro to Underperform from Market Perform and lowered his price target to $75 from $80. The analyst noted that the liquidation of Toys R US may be "more impactful than investors realize" after the initial 9% rally in the stock price on "relief that things were not worse", even as retailers are becoming more selective in the "pantry loading" inventory restocking process. JPMORGAN SEES LOW THREAT FROM AMAZON TO NETWORK EQUIPMENT STOCKS: JPMorgan analyst Samik Chatterjee told investors in a research note that he believes the threat of Amazon (AMZN) entering into the networking equipment market is "relatively low" for networking equipment stocks including Arista Networks (ANET), Cisco Systems (CSCO), and Juniper Networks (JNPR), contending that AWS' switching product will target data center capital spending from large enterprise customers, which is only a $2.5B opportunity relative to the $12B data center switching and $16B campus switching market.
07/16/18
07/16/18
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. Aptinyx (APTX) initiated with an Overweight at JPMorgan and an Outperform at BMO Capital as well as Aptinyx (APTX). 2. Magenta Therapeutics (MGTA) initiated with an Outperform at Wedbush, an Outperform at Cowen and JPMorgan, as well as a Buy at Goldman Sachs. 3. Wyndham Destinations (WYND) and Marriott Vacations (VAC) were initiated with a Buy at Jefferies while Hilton Grand Vacations (HGV) was initiated with a Hold. 4. AvroBio (AVRO) initiated with an Outperform at Wedbush, Cowen, and Wells Fargo, and an Overweight at Morgan Stanley. 5. Keurig Dr Pepper (KDP) resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
07/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Underperform from Neutral at Buckingham with analyst Matthew Harrigan saying he estimates that the stock's current price implies "optimistic" views of the company reaching 360M global members in 2025 and 505M by 2033 along with a long-term operating profit margin near 35%. 2. Rockwell Automation (ROK) downgraded to Sell from Neutral at Goldman Sachs while Parker-Hannifin (PH) was downgraded to Neutral from Buy. 3. FedEx (FDX) downgraded to Neutral from Buy at UBS with analyst Thomas Wadewitz saying with a large global Express business representing 55% of revenue and about 13% of revenue linked to Asia, FedEx is exposed to risk from tariffs and potentially slower trade activity. 4. Hasbro (HAS) downgraded to Underperform from Market Perform at BMO Capital with analyst Gerrick Johnson saying the liquidation of Toys R US may be "more impactful than investors realize" after the initial 9% rally in the stock price on "relief that things were not worse," even as retailers are becoming more selective in the "pantry loading" inventory restocking process. 5. Intrexon (XON) downgraded to Underperform from Neutral at BofA/Merrill with analyst Derik de Bruin citing lack of near-term catalysts and lack of contribution from "advanced" programs until 2020s. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
RBCM
07/16/18
NO CHANGE
Target $360
RBCM
Outperform
Netflix consensus 'reasonable' ahead of today's Q2, says RBC Capital
RBC Capital analyst Mark Mahaney says the Street consensus for Netflix earnings, revenue, and subscriber additions is "reasonable" ahead of today's Q2 earnings based on his "intra-quarter data points, proprietary quarterly survey work, and model sensitivity" analysis. The analyst keeps his Outperform rating and $360 price target, stating that Netflix "achieved a level of sustainable scale, growth, and profitability that isn't currently reflected in its stock price". Mahaney also cautions however than the downside risk on Netflix may be greater than usual this time because of adverse FX fluctuations in Q2.

TODAY'S FREE FLY STORIES

PENN

Penn National

$31.77

0.71 (2.29%)

10:33
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10:30
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General news
EIA natural gas storage change for week ending August 10 »

Gas inventories 33 Bcf…

CTL

CenturyLink

$22.96

0.48 (2.14%)

10:30
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SBNY

Signature Bank

$114.29

1.53 (1.36%)

10:29
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    Oct

10:20
08/16/18
08/16
10:20
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10:20
General news
Market opens sharply higher on renewed trade hopes »

Stock futures were…

ROK

Rockwell Automation

$172.79

1.13 (0.66%)

10:20
08/16/18
08/16
10:20
08/16/18
10:20
Options
Call buyer in Rockwell as shares see strength »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
08/16/18
08/16
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

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ZBH

Zimmer Biomet

$122.72

0.03 (0.02%)

10:16
08/16/18
08/16
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  • 12

    Sep

$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
08/16/18
08/16
10:16
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10:16
Technical Analysis
NYSE market internals summary »

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10:15
08/16/18
08/16
10:15
08/16/18
10:15
General news
Breaking General news story  »

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POST

Post Holdings

$96.51

1.73 (1.83%)

, SYK

Stryker

$168.57

1.735 (1.04%)

10:12
08/16/18
08/16
10:12
08/16/18
10:12
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

POST

Post Holdings

$96.51

1.73 (1.83%)

SYK

Stryker

$168.57

1.735 (1.04%)

AVEO

Aveo Pharmaceuticals

$2.26

0.085 (3.91%)

UXIN

Uxin

$5.58

0.315 (5.98%)

ACRX

AcelRx

$2.95

(0.00%)

03/08/13
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03/06/13
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  • 20

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  • 23

    Aug

  • 04

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  • 12

    Sep

AZN

AstraZeneca

$38.35

-0.1 (-0.26%)

, CX

Cemex

$6.80

0.005 (0.07%)

10:12
08/16/18
08/16
10:12
08/16/18
10:12
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

AZN

AstraZeneca

$38.35

-0.1 (-0.26%)

CX

Cemex

$6.80

0.005 (0.07%)

CVE

Cenovus Energy

$8.97

0.015 (0.17%)

NANO

Nanometrics

$41.46

-3.74 (-8.27%)

COTY

Coty

$11.37

-0.06 (-0.52%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Aug

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    Aug

  • 25

    Aug

  • 28

    Aug

  • 09

    Oct

LULU

Lululemon

$127.75

1.27 (1.00%)

, KMB

Kimberly-Clark

$117.47

1 (0.86%)

10:12
08/16/18
08/16
10:12
08/16/18
10:12
Upgrade
On The Fly: Top five analyst upgrades »

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LULU

Lululemon

$127.75

1.27 (1.00%)

KMB

Kimberly-Clark

$117.47

1 (0.86%)

ERJ

Embraer

$19.49

0.855 (4.59%)

FTI

TechnipFMC

$28.19

0.59 (2.14%)

AVLR

Avalara

$37.90

3.22 (9.28%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Aug

  • 30

    Aug

  • 12

    Sep

RADA

RADA Electronic

$2.55

0.01 (0.39%)

10:10
08/16/18
08/16
10:10
08/16/18
10:10
Initiation
RADA Electronic initiated  »

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PCG

PG&E

$43.82

0.35 (0.81%)

10:10
08/16/18
08/16
10:10
08/16/18
10:10
Options
Another utility name with one day call buying »

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LULU

Lululemon

$127.16

0.68 (0.54%)

, KMB

Kimberly-Clark

$117.91

1.44 (1.24%)

10:06
08/16/18
08/16
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10:06
Recommendations
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's…

LULU

Lululemon

$127.16

0.68 (0.54%)

KMB

Kimberly-Clark

$117.91

1.44 (1.24%)

COTY

Coty

$11.34

-0.09 (-0.79%)

ATVI

Activision Blizzard

$69.47

0.2 (0.29%)

NKE

Nike

$80.12

0.56 (0.70%)

UA

Under Armour

$19.22

0.19 (1.00%)

UAA

Under Armour

$20.79

0.2 (0.97%)

VFC

VF Corp.

$92.13

-0.17 (-0.18%)

03/08/13
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  • 21

    Aug

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  • 04

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    Sep

  • 12

    Sep

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    Sep

C

Citi

$69.49

0.85 (1.24%)

, CAT

Caterpillar

$134.50

2.49 (1.89%)

10:03
08/16/18
08/16
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Hot Stocks
Citi Retail Services announces long-term agreement with Caterpillar Financial »

Citi Retail Services (C)…

C

Citi

$69.49

0.85 (1.24%)

CAT

Caterpillar

$134.50

2.49 (1.89%)

03/08/13
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03/06/13
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  • 14

    Jan

  • 15

    Apr

  • 13

    Jul

  • 15

    Oct

GTN

Gray Television

$16.40

-0.05 (-0.30%)

, CBS

CBS

$52.89

0.09 (0.17%)

10:02
08/16/18
08/16
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Hot Stocks
Gray Television to sell WSWG-TV in Albany, Georgia »

Gray Television (GTN)…

GTN

Gray Television

$16.40

-0.05 (-0.30%)

CBS

CBS

$52.89

0.09 (0.17%)

03/08/13
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  • 06

    Sep

  • 27

    Sep

GM

General Motors

$36.49

0.55 (1.53%)

, RDS.A

Royal Dutch Shell

$63.18

0.95 (1.53%)

10:02
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GM, Shell deliver nationwide in-dash fuel payment »

Shell Oil Company (RDS.A)…

GM

General Motors

$36.49

0.55 (1.53%)

RDS.A

Royal Dutch Shell

$63.18

0.95 (1.53%)

RDS.B

Royal Dutch Shell

$65.20

0.92 (1.43%)

03/08/13
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  • 31

    Aug

UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$9.12

-0.63 (-6.46%)

10:00
08/16/18
08/16
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Hot Stocks
ProShares Trust Ultra VIX Short Term Futures ETF falls -6.6% »

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GNL

Global Net Lease

$20.61

-1.47 (-6.66%)

10:00
08/16/18
08/16
10:00
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Hot Stocks
Global Net Lease falls -6.6% »

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  • 16

    Aug

DDS

Dillard's

$74.93

-8.05 (-9.70%)

10:00
08/16/18
08/16
10:00
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Hot Stocks
Dillard's falls -9.8% »

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ATV

Acorn International

$17.84

(0.00%)

10:00
08/16/18
08/16
10:00
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10:00
Hot Stocks
Acorn International rises 10.1% »

Acorn International is up…

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EA

Electronic Arts

$128.36

0.3 (0.23%)

10:00
08/16/18
08/16
10:00
08/16/18
10:00
Options
Electronic Arts with repeat option action late yesterday »

Electronic Arts with…

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  • 04

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  • 13

    Sep

WUBA

58.com

$65.22

6.63 (11.32%)

10:00
08/16/18
08/16
10:00
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10:00
Hot Stocks
58.com rises 11.2% »

58.com is up 11.2%, or…

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  • 16

    Aug

  • 10

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