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VZ

Verizon

$52.87

0.65 (1.24%)

, GOOG

Alphabet

$1,241.95

6.85 (0.55%)

18:30
08/14/18
08/14
18:30
08/14/18
18:30

Verizon to partner with YouTube TV for 5G residential broadband package

Verizon (VZ) announced it will partner with YouTube TV (GOOG) its 5G residential broadband package launching in four markets this year, including in Indianapolis. The fourth and latest city in its 2018 5G residential broadband deployment plan, Indianapolis joins Houston, Los Angeles and Sacramento. Details of the YouTube TV offer will be announced when 5G residential broadband service goes on sale. Verizon is on track to be the first wireless technology provider to deploy 5G residential broadband service and 5G mobile service in the United States. The company expects home internet installations to begin in Indianapolis, Houston, Los Angeles and Sacramento in the second half of 2018. As mobile devices become available in early 2019, Verizon plans to quickly move to be first in 5G mobile service.

VZ

Verizon

$52.87

0.65 (1.24%)

GOOG

Alphabet

$1,241.95

6.85 (0.55%)

GOOGL

Alphabet Class A

$1,258.15

9.39 (0.75%)

  • 14

    Aug

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    Aug

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    Aug

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    Oct

VZ Verizon
$52.87

0.65 (1.24%)

07/10/18
FBCO
07/10/18
INITIATION
Target $58
FBCO
Outperform
Verizon initiated with an Outperform at Credit Suisse
As reported earlier, Credit Suisse analyst Douglas Mitchelson initiated Verizon with an Outperform rating and a price target of $58. The analyst notes that wireless competition has likely stabilized and revenue is returning to sustainable near-term growth. Mitchelson also sees Verizon having invested sufficiently for the development of 5G technology, which "at a minimum" will not be a share loss event over the next few years. The analyst further states that Verizon should also benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform".
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.
08/10/18
ROTH
08/10/18
NO CHANGE
Target $3
ROTH
Buy
Digital Turbine weaker Q1 overshadowed by Verizon renewal, says Roth Capital
Roth Capital analyst Darren Aftahi said Digital Turbine (APPS) reported modestly weaker Q1 results, but the "bigger news" was related to its renewal with Verizon (VZ), which he said will span four years and give the company the opportunity for gross margin upside if higher revenue tiers are achieved. The analyst, who now models FY19 growth of about 31% year-over-year, lowered his price target on Digital Turbine shares to $3 from $3.25 and keeps a Buy rating on the stock.
08/13/18
MSCO
08/13/18
NO CHANGE
Target $37
MSCO
Overweight
AT&T stock discounting 'overly negative' outlook, says Morgan Stanley
Morgan Stanley analyst Simon Flannery tells investors in a research note that data using the firm's proprietary "What's in the Price?" analyzer shows that AT&T's (T) stock trading at a historically deep discount to both its own history and to Verizon (VZ), which supports his thesis that the stock is discounting an overly negative outlook for the company. Flannery has an Overweight rating and $37 price target on AT&T.
GOOG Alphabet
$1,241.95

6.85 (0.55%)

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).
08/07/18
MSCO
08/07/18
NO CHANGE
Target $1325
MSCO
Overweight
Enterprise value of Alphabet's Waymo raised to $175B at Morgan Stanley
Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, namely logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Partnerships with Walmart (WMT), DDR (DDR) and Peterbilt speak to Waymo's logistics focus, said Nowak, who sees the company potentially having a $90B logistics business. Additionally, he sees a roughly $7B licensing opportunity, pointing to the company's FCA (FCAU) relationship as a model of how companies could pay a license fee to Waymo for its autonomous technology. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares.
08/07/18
08/07/18
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. BOFA CUTS ZILLOW TO NEUTRAL: BofA Merrill Lynch analyst Nat Schindler downgraded Zillow (Z, ZG) to Neutral from Buy and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook was cut, and other revenue also missed, indicating the new construction opportunity is also taking longer to materialize. Zillow Class A shares are down about 17% in late morning trading. MORGAN STANLEY SAYS WAYMO COULD BE WORTH $175B: Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's (GOOG, GOOGL) Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares. GOLDMAN RAISES NVIDIA TARGET AHEAD OF EARNINGS: Goldman Sachs analyst Toshiya Hari raised his price target for Nvidia (NVDA) to $324 from $310 ahead of quarterly results. Unlike the past 10 quarters where the company handily beat Street estimates and raised guidance, the analyst expects a "noisy" quarter with the focal points being the upcoming product transition in Gaming, the current product transition in Datacenter, weakness in cryptocurrency mining, and potential disruption from the virus attack at TSMC (TSM). That said, Hari noted that his long-term bull thesis on Nvidia remains intact and reiterated a Buy rating on the shares. ARGUS CUTS CBS TO HOLD: Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold from Buy, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIA, VIAB) merger. Bonner noted that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders.
08/09/18
STFL
08/09/18
DOWNGRADE
Target $2150
STFL
Hold
Booking Holdings downgraded to Hold on slowing growth at Stifel
As previously reported, Stifel analyst Scott Devitt downgraded Booking Holdings (BKNG) to Hold from Buy, citing the slowing growth at the company-formerly-known-as Priceline. Devitt lowered his core bookings growth expectations in 2018 and beyond following the company's Q2 earnings report and cut his price target on Booking shares to $2,150 from $2,332. He sees better large cap opportunities at company's with similar earnings multiples and better growth, such as Alibaba (BABA), Alphabet (GOOGL) and Facebook (FB), Devitt added.
GOOGL Alphabet Class A
$1,258.15

9.39 (0.75%)

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UAL

United Continental

$89.63

1.49 (1.69%)

18:15
12/12/18
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18:15
Periodicals
United CEO seeks to boost flight network by 4%-6% next year, Reuters says »

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AKAO

Achaogen

$1.80

0.06 (3.45%)

17:58
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Breaking Hot Stocks news story on Achaogen »

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FLR

Fluor

$34.11

0.29 (0.86%)

17:56
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Fluor announces participation in $2.1B rail project in Chicago »

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FIVE

Five Below

$101.38

1.86 (1.87%)

17:55
12/12/18
12/12
17:55
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17:55
Upgrade
Five Below rating change  »

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

17:49
12/12/18
12/12
17:49
12/12/18
17:49
Hot Stocks
SEC says former execs behind allegedly fraudulent ICO settle scam charges »

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Bitcoin

$0.00

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BITCOIN

Bitcoin

$0.00

(0.00%)

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

17:44
12/12/18
12/12
17:44
12/12/18
17:44
Hot Stocks
Park Hotels & Resorts announces Q4 dividend of $1.00 per share »

Park Hotels & Resorts…

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

17:44
12/12/18
12/12
17:44
12/12/18
17:44
Hot Stocks
Park Hotels & Resorts announces Q4 dividend of $1.00 per share »

Park Hotels & Resorts…

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CNP

CenterPoint Energy

$28.90

0.12 (0.42%)

17:37
12/12/18
12/12
17:37
12/12/18
17:37
Hot Stocks
CenterPoint Energy raises dividend 4% to 28.75c per share »

The company's board…

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UPLD

Upland Software

$27.47

0.51 (1.89%)

17:34
12/12/18
12/12
17:34
12/12/18
17:34
Syndicate
Breaking Syndicate news story on Upland Software »

Upland Software files…

03/08/13
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GNTY

Guaranty Bancshares

$29.78

0.13 (0.44%)

17:32
12/12/18
12/12
17:32
12/12/18
17:32
Syndicate
Breaking Syndicate news story on Guaranty Bancshares »

Guaranty Bancshares files…

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BW

Babcock & Wilcox

$0.77

0.0569 (7.94%)

17:32
12/12/18
12/12
17:32
12/12/18
17:32
Hot Stocks
Babcock & Wilcox receives purchase orders for 11 industrial boilers in Q4 »

Babcock & Wilcox…

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GVA

Granite Construction

$42.75

0.4 (0.94%)

17:31
12/12/18
12/12
17:31
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17:31
Hot Stocks
Granite Construction awarded $50M highway improvement contract in Nevada »

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GE

General Electric

$6.72

-0.05 (-0.74%)

17:17
12/12/18
12/12
17:17
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17:17
Hot Stocks
General Electric awarded maximum $157.73M Defense Logistics Agency contract »

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DE

Deere

$148.16

1.17 (0.80%)

17:16
12/12/18
12/12
17:16
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17:16
Hot Stocks
Deere reports rolling 3 month retail sales trends to November »

Deere reported that…

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XPO

XPO Logistics

$60.25

-6.42 (-9.63%)

17:10
12/12/18
12/12
17:10
12/12/18
17:10
Initiation
XPO Logistics initiated  »

XPO Logistics initiated…

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SAIA

Saia

$55.30

(0.00%)

17:09
12/12/18
12/12
17:09
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17:09
Initiation
Saia initiated  »

Saia initiated with a Buy…

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JNJ

Johnson & Johnson

$147.18

0.66 (0.45%)

17:09
12/12/18
12/12
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17:09
Periodicals
J&J said to be ready to pay more than $400M to settle hip cases, Bloomberg says »

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  • 12

    Dec

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    Dec

ECHO

Echo Global

$21.76

-0.44 (-1.98%)

17:08
12/12/18
12/12
17:08
12/12/18
17:08
Initiation
Echo Global initiated  »

Echo Global initiated…

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COOP

Mr. Cooper

$14.20

0.24 (1.72%)

17:08
12/12/18
12/12
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17:08
Hot Stocks
Mr. Cooper names Christopher Marshall as new CFO »

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ARCB

ArcBest

$36.49

0.42 (1.16%)

17:08
12/12/18
12/12
17:08
12/12/18
17:08
Initiation
ArcBest initiated  »

ArcBest initiated with a…

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LSTR

Landstar System

$96.61

-0.06 (-0.06%)

17:07
12/12/18
12/12
17:07
12/12/18
17:07
Initiation
Landstar System initiated  »

Landstar System initiated…

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R

Ryder

$51.17

0.08 (0.16%)

17:06
12/12/18
12/12
17:06
12/12/18
17:06
Initiation
Ryder initiated  »

Ryder initiated with a…

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  • 13

    Dec

SPXC

SPX Corporation

$27.51

0.43 (1.59%)

17:06
12/12/18
12/12
17:06
12/12/18
17:06
Hot Stocks
SPX Corporation to buy Carmanah marine/obstruction lighting business for $77M »

SPX Corporation announced…

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QTNA

Quantenna Communications

$14.92

0.11 (0.74%)

17:03
12/12/18
12/12
17:03
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17:03
Hot Stocks
Quantenna further strengthens its strategic partnership with Telefonica »

Quantenna…

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  • 06

    Jan

WGO

Winnebago

$21.11

0.03 (0.14%)

17:01
12/12/18
12/12
17:01
12/12/18
17:01
Hot Stocks
Winnebago raises quarterly dividend to 11c from 10c per share »

The dividend is payable…

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  • 19

    Dec

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