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GOOGL

Alphabet Class A

$1,258.63

46.13 (3.80%)

, GOOG

Alphabet

$1,248.51

43.2 (3.58%)

08:17
07/25/18
07/25
08:17
07/25/18
08:17

Walmart and Waymo to launch test pilot for grocery shoppers

Alphabet's (GOOGL) Waymo announced in a blog post: "We know from our early riders that most of their rides are to run errands, shop for groceries, commute to work, head to dinner or fix their personal vehicles...Riders spend a significant portion of time each week running errands and shopping. That's why we're launching two pilots with Walmart and DDR Corp., to make shopping more convenient. Later this week, Walmart and Waymo will launch a test pilot that gives early riders savings on groceries each week when they are ordered on Walmart.com. While orders are being prepared at the store, Waymo vehicles will transport the rider to and from Walmart to collect their groceries. For those who want to visit Ahwatukee Foothills Towne Center in Chandler, DDR will offer shoppers and diners rides in our self-driving vehicles, letting them avoid the stress of parking lots." Reference Link

GOOGL

Alphabet Class A

$1,258.63

46.13 (3.80%)

GOOG

Alphabet

$1,248.51

43.2 (3.58%)

WMT

Walmart

$87.96

0.33 (0.38%)

DDR

DDR Corp.

$13.81

-0.14 (-1.00%)

  • 25

    Jul

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    Aug

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    Oct

GOOGL Alphabet Class A
$1,258.63

46.13 (3.80%)

07/24/18
KEYB
07/24/18
NO CHANGE
KEYB
Google on-premise GKE offering a competitor to Pivotal, Red Hat, says KeyBanc
After Google (GOOGL) announced that its new Cloud Services Platform will include a Google Kubernetes Engine, or GKE, that can be run on-premise, KeyBanc analyst Alex Kurtz said the offering creates a new participant in the container management/PaaS market. However, he still sees Red Hat (RHT) and Pivotal Software (PVTL) being well-positioned given their well-established PaaS go-to-market strategies, Kurtz added.
07/24/18
07/24/18
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. MOSAIC DOUBLE UPGRADED: BofA Merrill Lynch double upgraded Mosaic (MOS) to Buy from Underperform and raised its price target to $35 from $24. Analyst Steve Byrne said he believes 2018 will mark a bottom in global phosphate utilization rates and now believes there is more upside risk to consensus estimates as the cycle improves. Mosiac was higher by 3.5% approaching midday. BTIG SAYS BUY LIVE NATION: BTIG analyst Brandon Ross upgraded Live Nation (LYV) to Buy from Neutral with a $60 price target, saying he is now more convinced that the company will outperform expectations amid inflecting growth with an added possibility of M&A. Despite the tough comparisons, Ross notes that Live Nation should "handily" top operating income consensus in FY18 and going forward, having built an "insurmountable" competitive float in U.S. markets, and that its mid-teens EBITDA growth is "the new normal". WHIRLPOOL CUT AFTER EARNINGS: Longbow analyst David MacGregor downgraded Whirlpool (WHR) to Neutral from Buy after the company reported Q2 earnings that missed the firm's "Street low" estimate of $3.55, calling its quarter "disappointing across most dimensions of the business." Expectations for a recovery in the EMEA region are being pushed out to beyond 2020, noted MacGregor, who is waiting for after the company's earnings call to reassess his view of its earnings prospects. MIZUHO CALLS EOG 'THE APPLE OF OIL': Mizuho analyst Paul Sankey started EOG Resources (EOG) with a Buy rating and $173 price target, calling EOG -- his top pick in the group -- the Apple (AAPL) of oil. EOG has been a pioneer in unconventional oil development in the U.S. and its technology-driven, innovation-focused approach will continue to drive peer-leading rates of return and oil growth, the analyst contended. EOG was up 2.6% near midday. SUSQUEHANNA RAISES ALPHABET TARGET TO $1,500: After Alphabet's (GOOG, GOOGL) Q2 earnings report on Monday night, many analyst firms raised their price targets on the name. The highest of those targets was from Susquehanna analyst Shyam Patil, who raised his price target on Alphabet to $1,500 from $1,250. The analyst cited the "impressive" sites revenue growth acceleration, which he sees as evidence that the secular momentum for the ads business remains in place. Patil reiterated his Positive rating on Alphabet shares. Class A shares of Google's parent were up over 4% to $1,260.80 at time of writing.
07/24/18
RHCO
07/24/18
NO CHANGE
Target $1370
RHCO
Buy
Alphabet price target raised to $1,370 from $1,230 at SunTrust
SunTrust analyst Youssef Squali raised his price target on Alphabet to $1,370 and kept his Buy rating after its "clean" Q2 earnings beat, which he contends reflect advertisers' continued success in deriving return on investment from Search, YouTube, and other emerging platforms. The analyst adds that even though the company is in the middle of an investment cycle, better revenue growth should help absorb the higher operating and capital expenditure while driving strong free cash flows. Squali also continues to see the GDPR and the antitrust rulings in Europe against the company as medium to long-term risks for Alphabet.
07/24/18
BMOC
07/24/18
NO CHANGE
Target $1150
BMOC
Market Perform
Alphabet price target raised to $1,150 from $1,100 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Alphabet to $1,150 and kept his Market Perform rating after its Q2 results, saying that while the revenue growth rates driven by investment are "strongest they've been in years", margins remain under pressure. The analyst states that he is comfortable with his neutral stance because of the company's margin profile and the rapid pace of capital expenditure increase, as EBITDA margins have fallen over 150bps "even after backing out one-time performance related fees". Salmon also sees the risk of a FY18 EBITDA margin miss rising higher.
GOOG Alphabet
$1,248.51

43.2 (3.58%)

07/25/18
BARD
07/25/18
NO CHANGE
Target $1380
BARD
Outperform
Alphabet Fresh Pick designation removed at Baird
Baird analyst Colin Sebastian removed his Fresh Pick designation from Alphabet following the stock's recent price strength. While he believes fundamental trends remains favorable and he continues to expect strong growth, he believes the Street now has a better grasp on the benefits of AI and Machine Learning and moderating TAC growth, both of which underpinned his Fresh Pick thesis. Sebastian has an Outperform rating and $1,380 price target on Alphabet shares.
07/24/18
JEFF
07/24/18
NO CHANGE
Target $1450
JEFF
Buy
Alphabet price target raised to $1,450 from $1,360 at Jefferies
Jefferies analyst Brent Thill raised his price target for Alphabet to $1,450 following last night's Q2 results. The analyst continues to see "large potential" from YouTube, Cloud, hardware, Waymo. He views the current valuation as "reasonable" and keeps a Buy rating on Alphabet.
WMT Walmart
$87.96

0.33 (0.38%)

07/25/18
GDHS
07/25/18
DOWNGRADE
Target $92
GDHS
Hold
Walmart downgraded to Hold from Accumulate at Gordon Haskett
Gordon Haskett analyst Chuck Grom downgraded Walmart to Hold from Accumulate and lowered its price target to $92 from $98. Grom thinks there are few near-term catalysts on the horizon and said the margin outlook is not as transparent following a period of improvement and stabilization, and expects shares to be range bound for the balance of the year.
07/13/18
FBCO
07/13/18
NO CHANGE
Target $45
FBCO
Outperform
Synchrony 'unlikely' to lose Walmart contract, says Credit Suisse
Credit Suisse analyst Moshe Orenbuch said he believes Synchrony Financial (SYF) is likely to retain its credit card contract with Walmart (WMT) following a Bloomberg report that said Capital One (COF) is bidding for the portfolio. Orenbuch says this is "not an ideal partnership" for Capital One, because while it has been a long-time player in the nonprime card business, he feels it is "less likely" that it would be comfortable acquiring a large portfolio with potential significant nonprime component such as the Walmart portfolio, particularly when it did not underwrite the loans. Orenbuch says that if Synchrony does retain the contract, which is expected to expire in 2019, the company will most likely have to cede more economics to Walmart in terms of profit sharing.
07/13/18
SUSQ
07/13/18
NO CHANGE
SUSQ
Susquehanna says Walmart card flip could be loss for First Data, win for TSYS
After Bloomberg reported yesterday that Capital One (COF) is bidding to issue Walmart's (WMT) private-label card and replace incumbent Synchrony (SYF), Susquehanna analyst James Friedman noted that TSYS (TSS) is used by Capitol One for its issuer processing, while First Data (FDC) processes for Synchrony. If TSYS were to win the issuer processing business of the Walmart cards via a successful Capital One bid, Friedman estimates it could represent revenue upside of $11M-$15M. The firm has Positive ratings on First Data, Synchrony and TSYS.
07/13/18
SPHN
07/13/18
NO CHANGE
Target $100
SPHN
Overweight
Stephens says Walmart move to Capital One cards would be opportunity for TSYS
After Bloomberg reported yesterday that Walmart (WMT) is considering moving its private-label and or co-brand card portfolios to Capital One (COF) from incumbent Synchrony (SYF), Stephens analyst Brett Huff called the potential switch an possible opportunity for TSYS (TSS), which he notes is the card issuer processor for Capital One. He estimates this move, if it happens, could represent about a $15M revenue opportunity for TSYS. Huff keeps an Overweight rating and $100 price target on TSYS shares.
DDR DDR Corp.
$13.81

-0.14 (-1.00%)

07/17/18
MSCO
07/17/18
INITIATION
Target $41
MSCO
Overweight
Retail Value initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Richard Hill initiated Retail Value (RVI), the new REIT spun off from DDR Corp. (DDR), with an Overweight rating and $41 price target, stating that he expects value to be unlocked through the expected sale of all assets over the next two to three years.
06/11/18
06/11/18
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. SemGroup (SEMG) downgraded to Market Perform from Outperform at Wells Fargo with analyst Michael Blum saying he believes its growth trajectory is mostly reflected in valuation. 2. Host Hotels (HST) and Park Hotels (PK) were downgraded to Sell from Neutral at Goldman Sachs, Host Hotels was also downgraded to In Line from Outperform at Evercore ISI. 3. NXP Semiconductors (NXPI) downgraded to Hold from Buy at SunTrust with analyst William Stein saying the current stock price is above fair value and demands "an explicit view" that the Qualcomm (QCOM) bid will receive approval from China regulators. 4. Nektar (NKTR) downgraded to Neutral from Buy at H.C. Wainwright with analyst Debjit Chattopadhyay saying an updated cut of NKTR-214 data presented at an investor conference on June 06, does not assuage fears on the outlook of NKTR-214 in the post ECHO-301, immuno-oncology combination therapy landscape. 5. DDR Corp. (DDR) downgraded to Underperform from In Line at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/11/18
EVER
06/11/18
DOWNGRADE
EVER
Underperform
DDR Corp. downgraded to Underperform from In Line at Evercore ISI
04/25/18
EVER
04/25/18
UPGRADE
EVER
In Line
DDR Corp. upgraded to In Line from Underperform at Evercore ISI

TODAY'S FREE FLY STORIES

AN

AutoNation

$42.01

-0.045 (-0.11%)

18:21
07/22/19
07/22
18:21
07/22/19
18:21
Hot Stocks
Breaking Hot Stocks news story on AutoNation »

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AN

AutoNation

$42.01

-0.045 (-0.11%)

18:17
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AutoNation reports Q2 cont ops EPS $1.12, consensus $1.06 »

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CR

Crane

$86.50

0.99 (1.16%)

18:15
07/22/19
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18:15
Earnings
Crane backs FY19 adjusted EPS view of $6.25-$6.45, consensus $6.41 »

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CR

Crane

$86.50

0.99 (1.16%)

18:14
07/22/19
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Earnings
Crane Co. reports Q2 EPS ex-items $1.58, consensus $1.56 »

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AN

AutoNation

$42.01

-0.045 (-0.11%)

, GOOG

Alphabet

$1,138.09

8.09 (0.72%)

18:11
07/22/19
07/22
18:11
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18:11
Hot Stocks
AutoNation names Cheryl Miller CEO »

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AN

AutoNation

$42.01

-0.045 (-0.11%)

GOOG

Alphabet

$1,138.09

8.09 (0.72%)

GOOGL

Alphabet Class A

$1,139.52

7.85 (0.69%)

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STLD

Steel Dynamics

$31.55

0.09 (0.29%)

18:04
07/22/19
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18:04
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18:04
Hot Stocks
Steel Dynamics reports Q2 operating income $295M, down 6% from Q1 »

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FBMS

First Bancshares

$29.74

-0.105 (-0.35%)

18:03
07/22/19
07/22
18:03
07/22/19
18:03
Hot Stocks
First Bancshares announces agreement to acquires First Florida Bancorp »

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STLD

Steel Dynamics

$31.55

0.09 (0.29%)

18:03
07/22/19
07/22
18:03
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18:03
Hot Stocks
Steel Dynamics CEO sees 'modest growth' for steel consumption in second half »

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STLD

Steel Dynamics

$31.55

0.09 (0.29%)

18:01
07/22/19
07/22
18:01
07/22/19
18:01
Earnings
Steel Dynamics reports Q2 EPS 87c, consensus 89c »

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  • 23

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FDEF

First Defiance Financial

$27.22

-0.04 (-0.15%)

17:58
07/22/19
07/22
17:58
07/22/19
17:58
Earnings
First Defiance Financial reports Q2 EPS 61c, consensus 58c »

"Solid loan growth,…

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  • 23

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QCOM

Qualcomm

$75.93

0.9 (1.20%)

, INTC

Intel

$51.36

1.1 (2.19%)

17:58
07/22/19
07/22
17:58
07/22/19
17:58
Hot Stocks
Qualcomm falls after news Apple may buy Intel smartphone-modem chip business »

Shares of Qualcomm (QCOM)…

QCOM

Qualcomm

$75.93

0.9 (1.20%)

INTC

Intel

$51.36

1.1 (2.19%)

AAPL

Apple

$207.21

4.59 (2.27%)

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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SPY

SPDR S&P 500 ETF Trust

$297.82

0.65 (0.22%)

, SPX

S&P 500

$0.00

(0.00%)

17:51
07/22/19
07/22
17:51
07/22/19
17:51
General News
Trump tweets budget deal reached with no poison pills »

President Donald Trump…

SPY

SPDR S&P 500 ETF Trust

$297.82

0.65 (0.22%)

SPX

S&P 500

$0.00

(0.00%)

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WAFD

Washington Federal

$34.85

-0.12 (-0.34%)

17:46
07/22/19
07/22
17:46
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17:46
Hot Stocks
Washington Federal raises dividend 5% »

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FBMS

First Bancshares

$29.74

-0.105 (-0.35%)

17:46
07/22/19
07/22
17:46
07/22/19
17:46
Earnings
First Bancshares reports Q2 EPS ex-items 79c, consensus 69c »

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  • 23

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NTDOY

Nintendo

$0.00

(0.00%)

17:43
07/22/19
07/22
17:43
07/22/19
17:43
Periodicals
Law firm sues Nintendo over Joy-Con drift, Polygon reports »

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OEC

Orion Engineered

$18.41

0.05 (0.27%)

17:33
07/22/19
07/22
17:33
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17:33
Hot Stocks
Orion Engineered announces price increases »

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HMST

HomeStreet

$27.76

-0.03 (-0.11%)

17:31
07/22/19
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17:31
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17:31
Earnings
HomeStreet reports Q2 core EPS 13c, consensus 52c »

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  • 23

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GLD

SPDR Gold Shares

$134.46

(0.00%)

17:31
07/22/19
07/22
17:31
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17:31
Hot Stocks
SPDR Gold Shares holdings rise to 825.18MT from 820.49MT »

This is the 4th…

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RARX

RA Pharmaceuticals

$36.01

2.42 (7.20%)

17:29
07/22/19
07/22
17:29
07/22/19
17:29
Syndicate
RA Pharmaceuticals files to sell $100M of common stock »

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BHE

Benchmark Electronics

$25.05

0.22 (0.89%)

17:29
07/22/19
07/22
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17:29
Hot Stocks
Benchmark Electronics appoints Rob Crawford Chief Revenue Officer »

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  • 24

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AAPL

Apple

$207.21

4.59 (2.27%)

, INTC

Intel

$51.36

1.1 (2.19%)

17:28
07/22/19
07/22
17:28
07/22/19
17:28
Periodicals
Apple may pay $1B or more for Intel patents, staff in chip unit deal, WSJ says »

Apple (AAPL) is in…

AAPL

Apple

$207.21

4.59 (2.27%)

INTC

Intel

$51.36

1.1 (2.19%)

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ATVI

Activision Blizzard

$45.57

0.43 (0.95%)

17:26
07/22/19
07/22
17:26
07/22/19
17:26
Hot Stocks
Blizzard co-founder Frank Pearce departing after 28 years »

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NBSE

NeuBase Therapeutics

$3.55

-0.58 (-14.04%)

17:25
07/22/19
07/22
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07/22/19
17:25
Hot Stocks
Carnegie Mellon reports 5.5% passive stake in NeuBase Therapeutics »

In a regulatory filing,…

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CADE

Cadence Bancorp

$15.86

-3.75 (-19.12%)

17:23
07/22/19
07/22
17:23
07/22/19
17:23
Downgrade
Cadence Bancorp rating change at Goldman Sachs »

Cadence Bancorp…

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CAL

Caleres

$18.27

0.27 (1.50%)

17:22
07/22/19
07/22
17:22
07/22/19
17:22
Hot Stocks
Caleres, Veronica Beard announce exclusive footwear partnership »

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