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AMZN

Amazon.com

$1,844.29

21 (1.15%)

, SNBR

Sleep Number

$29.14

0.26 (0.90%)

15:10
08/06/18
08/06
15:10
08/06/18
15:10

Mattress Firm weighs potential bankruptcy filing, Reuters reports

Mattress Firm is weighing a potential bankruptcy filing as it looks for ways to get out of costly store leases and close some of its 3,000 stores that are losing money, Reuters reports, citing people familiar with the matter. The deliberations make the mattress retailer the latest U.S. retailer struggling due to competition from e-commerce groups such as Amazon (AMZN), the report says. Shares of Sleep Number (SNBR) and Tempur Sealy (TPX) are up 1.4% and 4.4%, respectively, after the news. Reference Link

AMZN

Amazon.com

$1,844.29

21 (1.15%)

SNBR

Sleep Number

$29.14

0.26 (0.90%)

TPX

Tempur Sealy

$51.26

1.18 (2.36%)

  • 16

    Aug

  • 13

    Sep

AMZN Amazon.com
$1,844.29

21 (1.15%)

08/01/18
BTIG
08/01/18
NO CHANGE
Target $235
BTIG
Buy
Apple price target raised to $235 from $207 at BTIG
BTIG analyst Walter Piecyk, in a note published last night, raised his price target on Apple (AAPL) shares to $235 from $207, stating that he believes there are early signs that upgrade rates might be bottoming and noting that iPhone revenue grew by over 20% despite "historic low" upgrade rates in Q3. Apple CEO Tim Cook hinted at a noteworthy content project, added Piecyk, who agrees with fellow BTIG analyst Rich Greenfield's view that Apple is likely to follow Netflix (NFLX) and Amazon's (AMZN) approach "build their way into the market rather than buy their way in" to video. Piecyk keeps a Buy rating on Apple shares.
08/03/18
BARD
08/03/18
NO CHANGE
Target $2100
BARD
Outperform
Amazon summit highlights long cloud growth runway, says Baird
After having attended the AWS Summit in Chicago this week, Baird analyst Colin Sebastian said his talks with several enterprise IT decision makers highlight Amazon's "clear advantage" in product breadth and go-to-market capabilities despite the fact that cloud services competition is "undoubtedly intensifying" from Microsoft's (MSFT) Azure and Alphabet's (GOOGL) Google Cloud Platform. Most large-scale enterprises are still in the early days of cloud migration, which bodes well for the long-term growth outlook for AWS along with Azure and Google Cloud, Sebastian concluded. He keeps an Outperform rating and $2,100 price target on Amazon shares.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
08/06/18
STFL
08/06/18
NO CHANGE
Target $202
STFL
Buy
Facebook added to Stifel Select List, Amazon removed
Stifel analyst Scott Devitt replaced Amazon (AMZN) with Facebook (FB) on the Stifel Select List, citing the strong year-to-date performance of Amazon shares, which he still likes and keeps a Buy rating upon. He believes Facebook expectations, and the shares, are appropriately set to allow for longer-term outperformance given the material reset that followed the company's "painful" Q2 update, Devitt tells investors. He maintains a Buy rating and $202 price target on Facebook.
SNBR Sleep Number
$29.14

0.26 (0.90%)

07/26/18
PIPR
07/26/18
DOWNGRADE
Target $33
PIPR
Neutral
Sleep Number downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded Sleep Number to Neutral and lowered his price target for the shares to $33 from $41. The Q2 earnings report was "inline with consensus but relatively disappointing," Keith tells investors in a research note. Despite a product line refresh, sales trends remain "surprisingly sluggish," the analyst contends. He believes this could be the result of escalating competition from low-price import mattresses and that his dynamic is "unlikely to change in any notable fashion."
07/10/18
WEDB
07/10/18
NO CHANGE
Target $65
WEDB
Outperform
Mattress sales 'soft,' Tempur Sealy likely below consensus for Q2, says Wedbush
Following checks with retailers across the U.S., Wedbush analyst Seth Basham told investors in a research note that nationwide brick-and-mortar retail mattress sales declined in the low-single digits in the second quarter, and though sales grew early in the quarter, they declined in May and June. Based on his checks, Basham says 4th of July period sales declined low-single digits to mid-single digits for B&M retailers, driven by steepening traffic declines and ASP gains, and that Tempur Sealy (TPX) specifically is likely to be below consensus for the quarter, with sales trends weakening due to elevated cannibalization rates as customers traded down to new, lower-priced products. He believes Tempur Sealy will maintain at least the low end of of its 2018 EBITDA guidance of $450M-$500M. Additionally, Basham says Sleep Number (SNBR) may be "slightly light" of consensus for the quarter, as his checks show that sales trends remained muted for the 4th of July period. The analyst has an Outperform rating and $65 price target on Tempur Sealy and a Neutral rating and $34 price target on Sleep Number.
04/20/18
RHCO
04/20/18
NO CHANGE
Target $32
RHCO
Hold
Sleep Number price target lowered to $32 from $35 at SunTrust
SunTrust analyst Keith Hughes lowered his price target on Sleep Number to $32 after the company posted a "weak" Q1, which he says increases expectation pressures for the second half of the year given that the management maintained its FY18 outlook. Hughes says the path to meeting that guidance is "difficult" despite the management's expectations of a turnaround, anticipating "heavy" buyback activity financed in part by debt being added to the balance sheet for the first time. The analyst keeps his Hold rating on Sleep Number.
04/19/18
04/19/18
DOWNGRADE

Market Perform
Sleep Number downgraded to Market Perform at Raymond James
As previously reported, Raymond James downgraded Sleep Number to Market Perform from Outperform following the Q1 miss and guidance. Analyst Budd Bugatch said he does not have confidence to forecast the acceleration needed to maintain his above consensus earnings estimates and said near-term trends could remain choppy, with ongong promotional activity from Mattress Firm, and Chinese mattress import growth.
TPX Tempur Sealy
$51.26

1.18 (2.36%)

04/12/18
KEYB
04/12/18
NO CHANGE
KEYB
KeyBanc uncovers another retailer moving away from Tempur Sealy
KeyBanc analyst Bradley Thomas came across an "interesting datapoint that is negative" for Tempur Sealy (TPX) during his recent mattress industry channel checks. A smaller retailer, with less than 50 stores, is in the process of changing its floor to Serta Simmons Bedding from Tempur, Thomas tells investors in a research note. Despite being pleased with Tempur's product and productivity, the retailer said Serta-Simmons was offering substantially better terms, Thomas writes. He believes this development, which follows Conn's (CONN) similar decision in Q4, highlights the "continued competitive challenges" in the mattress sector. Thomas has a Sector Weight rating on Tempur Sealy. The stock in afternoon trading is down 35c to $44.19.
04/16/18
LOOP
04/16/18
DOWNGRADE
Target $36
LOOP
Sell
Tempur Sealy downgraded to Sell from Hold at Loop Capital
Loop Capital analyst Laura Champine downgraded Tempur Sealy to Sell and cut her price target for the shares to $36 from $49. The shares closed Friday down 12c to $44.00. Channel checks with vendors, customers, and competitors this quarter "have not gone well" for Tempur, particularly for the Sealy line, Champine tells investors in a research note. The mattress business is "highly promotional," and competitor Mattress Firm "is taking this to a new level in its stores," the analyst adds. She believes that despite investor hopes, Tempur Sealy seems "highly unlikely" to return to Mattress Firm stores. The analyst feels it "no longer makes sense" to ignore the competitive pressure Tempur is facing.
05/07/18
RHCO
05/07/18
NO CHANGE
Target $45
RHCO
Hold
Tempur Sealy price target lowered to $45 from $51 at SunTrust
SunTrust analyst Keith Hughes lowered his price target on Tempur Sealy to $45 and kept his Hold rating after the company's Q1 earnings miss, saying that while international sales supported results, the non-mattress accounts continued to weaken. The analyst adds that a "substantial success" will be needed from the product launches this year and in 2019 to recapture historical growth rate levels. Hughes also warns that raw material inflation will likely remain elevated in the current quarter before leading to another price increase later in the year.

TODAY'S FREE FLY STORIES

14:03
03/22/19
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Treasury Budget data reported »

February Treasury Budget…

QCOM

Qualcomm

$57.16

-0.6 (-1.04%)

14:00
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Options
Size spread in Qualcomm as shares slip »

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  • 01

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EVER

EverQuote

$7.80

-0.1 (-1.27%)

13:59
03/22/19
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13:59
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13:59
Conference/Events
EverQuote management to meet with Needham »

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  • 25

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RYTM

Rhythm Pharmaceuticals

$30.01

-0.64 (-2.09%)

13:59
03/22/19
03/22
13:59
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13:59
Conference/Events
Rhythm Pharmaceuticals management to meet with Needham »

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  • 28

    Mar

TWOU

2U

$66.19

-2.92 (-4.23%)

13:57
03/22/19
03/22
13:57
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13:57
Conference/Events
2U management to meet with Needham »

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  • 27

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GLW

Corning

$33.89

-0.91 (-2.61%)

13:55
03/22/19
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13:55
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13:55
Options
Corning put volume heavy and directionally bearish »

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ATEC

Alphatec

$2.60

-0.12 (-4.41%)

13:52
03/22/19
03/22
13:52
03/22/19
13:52
Conference/Events
Alphatec management to meet with Lake Street »

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  • 27

    Mar

TLRA

Telaria

$6.16

-0.25 (-3.90%)

13:52
03/22/19
03/22
13:52
03/22/19
13:52
Conference/Events
Telaria management to meet with Lake Street »

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  • 26

    Mar

SRDX

Surmodics

$42.26

-3.67 (-7.99%)

13:51
03/22/19
03/22
13:51
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13:51
Conference/Events
Surmodics management to meet with Lake Street »

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  • 26

    Mar

TPR

Tapestry

$31.23

-0.72 (-2.25%)

13:49
03/22/19
03/22
13:49
03/22/19
13:49
Options
Tapestry option volume 4x normal as shares test multiyear lows »

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IONS

Ionis Pharmaceuticals

$78.80

-1.73 (-2.15%)

, RHHBY

Roche

$0.00

(0.00%)

13:46
03/22/19
03/22
13:46
03/22/19
13:46
Recommendations
Ionis Pharmaceuticals, Roche analyst commentary  »

Ionis Pharmaceuticals…

IONS

Ionis Pharmaceuticals

$78.80

-1.73 (-2.15%)

RHHBY

Roche

$0.00

(0.00%)

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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  • 01

    Apr

  • 04

    Apr

  • 17

    Apr

  • 19

    Aug

  • 04

    Nov

13:45
03/22/19
03/22
13:45
03/22/19
13:45
General news
Treasury Budget to be reported at 14:00 »

February Treasury Budget…

SLCA

U.S. Silica

$15.90

-1.08 (-6.36%)

13:40
03/22/19
03/22
13:40
03/22/19
13:40
Options
6.3% drop in Silica motivates an upside call buyer »

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  • 28

    May

SHOP

Shopify

$201.50

-3.48 (-1.70%)

13:39
03/22/19
03/22
13:39
03/22/19
13:39
Hot Stocks
Mailchimp asks to remove Shopify integration over new terms of service »

Mailchimp issued a…

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IBM

IBM

$139.28

-2.09 (-1.48%)

13:35
03/22/19
03/22
13:35
03/22/19
13:35
Options
IBM put volume heavy and directionally bearish »

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  • 30

    Apr

PLCE

Children's Place

$86.53

-0.97 (-1.11%)

13:22
03/22/19
03/22
13:22
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13:22
Conference/Events
Children's Place management to meet with Wolfe Research »

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  • 28

    Mar

  • 02

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SPLK

Splunk

$126.05

-6.43 (-4.85%)

13:20
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Odd opening print in Splunk expiring contracts »

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  • 16

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VSAT

ViaSat

$75.82

-1.15 (-1.49%)

13:18
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ViaSat management to meet with B. Riley FBR »

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  • 28

    Mar

TDS

Telephone and Data

$31.39

-0.47 (-1.48%)

13:17
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Conference/Events
Telephone and Data management to meet with B. Riley FBR »

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  • 27

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
03/22/19
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13:17
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Technical Analysis
NASDAQ market internals summary »

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USM

U.S. Cellular

$46.51

-0.73 (-1.55%)

13:16
03/22/19
03/22
13:16
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13:16
Conference/Events
U.S. Cellular management to meet with B. Riley FBR »

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  • 27

    Mar

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
03/22/19
03/22
13:16
03/22/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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GNL

Global Net Lease

$18.77

-0.33 (-1.73%)

13:16
03/22/19
03/22
13:16
03/22/19
13:16
Conference/Events
Global Net Lease management to meet with B. Riley FBR »

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MMM

3M

$204.97

-4.62 (-2.20%)

13:15
03/22/19
03/22
13:15
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13:15
Options
3M put volume heavy and directionally bearish »

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  • 28

    May

PCTI

PCTEL

$5.21

-0.02 (-0.38%)

13:14
03/22/19
03/22
13:14
03/22/19
13:14
Conference/Events
PCTEL management to meet with B. Riley FBR »

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  • 27

    Mar

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