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HPE

HP Enterprise

$16.65

-0.01 (-0.06%)

, BABA

Alibaba

$174.67

1.91 (1.11%)

10:32
08/20/18
08/20
10:32
08/20/18
10:32

HP Enterprise, Alibaba Cloud announce collaboration

Hewlett Packard Enterprise (HPE) announced a collaboration with Alibaba Cloud, the cloud computing arm of Alibaba Group (BABA), stating it is the first technology vendor to deliver next-generation on-premise hybrid cloud solutions with Apsara Stack on HPE platforms in Asia Pacific excluding China. Scott Morris, HPE Vice President & General Manager, Asia Pacific Channel, Distribution & Alliances, said, "In supporting Alibaba Cloud, we're aiming to help customers leverage Apsara Stack powered by HPE technology and services to deploy a comprehensive suite of scalable cloud computing services that securely and cost-effectively manage their business needs." The HPE-based offering, using Intel (INTC) Xeon Scalable processor-based platform, is targeted for availability end-2018 across Asia Pacific excluding China. Reference Link

HPE

HP Enterprise

$16.65

-0.01 (-0.06%)

BABA

Alibaba

$174.67

1.91 (1.11%)

INTC

Intel

$46.30

-0.815 (-1.73%)

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HPE HP Enterprise
$16.65

-0.01 (-0.06%)

06/28/18
NOMU
06/28/18
INITIATION
Target $160
NOMU
Buy
Nomura initates IBM with Buy, HP Enterprise with Neutral
Nomura Instinet analyst Jeffrey Kvaal initiated coverage of IBM (IBM) with a Buy rating and $160 price target and HP Enterprise (HPE) with a Neutral rating and $16 price target. IBM's push into cloud, security, and artificial intelligence appears to be more thorough than HP Enterprise's shift toward networking and hybrid cloud support, Kvaal tells investors in a research note. The analyst considers IBM's offerings in cloud, analytics and security to be differentiated. He thinks the potential 5% growth in analytics and 20% growth in cloud and security can be durable. IBM's growth is not reflected in current estimates or the multiple, Kvaal contends. On the other hand, he believes HP Enterprise may miss out on the rising percentage of IT spending without a full cloud strategy or a sizeable security story. He sees this as limiting the company's long-term revenue growth prospects.
05/21/18
LOOP
05/21/18
NO CHANGE
Target $23
LOOP
Buy
HP Enterprise has multiple catalysts for next 2-3 years, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $23 price target on HP Enterprise (HPE), saying the company has multiple catalysts for the next 8-12 quarters while generating "incremental earnings" relative to its FY18 guidance. Baruah adds that the company's Tier 1 Cloud computing business with Microsoft (MSFT) is no longer on the decline, while all of its other segments are either flat or growing. The analyst states that these trends are not "well appreciated" by investors, and that the company could "handily" beat on earnings when it reports results tomorrow.
05/23/18
LOOP
05/23/18
NO CHANGE
Target $23
LOOP
Buy
HP Enterprise has multiple catalysts over the next 2-3 years, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $23 price target on HP Enterprise (HPE) after its Q2 earnings, saying he continues to expect the company to approach $2.00 EPS by FY20. The analyst states that HP's Tier 1 cloud business with Microsoft (MSFT) is no longer declining, while all of its other businesses are flat or growing. Baruah also expects the company to pass on about 30c to the bottom line in FY19-FY20 related to the cost savings from its NEXT initiative.
06/28/18
NOMU
06/28/18
INITIATION
Target $16
NOMU
Neutral
HP Enterprise initiated with a Neutral at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal started HP Enterprise with a Neutral rating and $16 price target.
BABA Alibaba
$174.67

1.91 (1.11%)

08/14/18
MKMP
08/14/18
NO CHANGE
Target $51
MKMP
Buy
JD.com has 'improving event path' and 'low valuation', says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $51 price target on JD.com (JD) ahead of its Q2 earnings this week, saying that while consensus expectations suggest concern with whether net margins can achieve the 0.9%, more bullish investors can be rewarded beyond this quarter. The analyst further notes that the loss of market share to Alibaba (BABA), along with China macro trade concerns, have weighed on the stock, but its "all-time low" valuation is compelling, and even a partial recovery in performance could yield a sizable move in the stock price.
08/15/18
MKMP
08/15/18
NO CHANGE
Target $115
MKMP
Buy
Altaba price target lowered to $115 from $124 at MKM Partners
MKM Partners analyst Rob Sanderson lowered his price target on Altaba (AABA) to $115 to account for the tax liability of its recent divestment of Alibaba (BABA) and Yahoo Japan stakes along with its own stock repurchase. The analyst also keeps his Buy rating on Altaba, stating that the recent volatility in its stock is all macro related, which should be limited to currency transition since the consumption economy in China still has "very strong drivers".
07/09/18
DADA
07/09/18
NO CHANGE
Target $8
DADA
Buy
Groupon offers 'tremendous value' in potential sale, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $8 price target on Groupon following speculation by Recode over the weekend that the company is looking to sell itself. Forte recommends that investors purchase shares, stating that the market is underpricing Groupon as its "North American business has never been in better shape and its international operations are well positioned". In a bull case, the analyst contends that Groupon could be worth $12 per share if it can improve its growth rate or find a strategic buyer where a deal would value the two companies higher than the sum of their parts. Forte speculates about Priceline (PCLN), Alibaba (BABA), Google (GOOGL), and Facebook (FB) as potential acquirers for Groupon.
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.
INTC Intel
$46.30

-0.815 (-1.73%)

08/10/18
GSCO
08/10/18
DOWNGRADE
GSCO
Sell
Intel downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Toshiya Hari downgraded Intel (INTC) to Sell from Neutral and lowered his price target for the shares to $44 from $49. The chipmaker closed yesterday up 18c to $50.14. Hari coupled the downgrade with an upgrade of AMD (AMD) to Neutral from Sell. Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook. He expects a worsening product mix in the near-term, ramp in 10nm costs and growing depreciation to drive margin pressure and Intel's earnings below consensus expectations. Hari sees downside risk in the shares.
08/10/18
08/10/18
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. Intel (INTC) downgraded to Sell from Neutral at Goldman Sachs with analyst Toshiya Hari saying Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook. 2. Booking Holdings (BKNG) downgraded to Neutral from Buy at Citi and UBS as well as Neutral from Overweight at JPMorgan. 3. Sysco (SYY) downgraded to Sell from Hold at Pivotal Research with analyst Ajay Jain saying he believes the move up in the stock over the past three months is inconsistent with growing industry headwinds as well as Sysco's company-specific issues. 4. Campbell Soup (CPB) downgraded to Underweight from Neutral at JPMorgan with analyst Ken Goldman saying he agrees with activist Third Point that Campbell's best option is to sell the company; however, he sees a sale as an unlikely outcome. 5. Redfin (RDFN) downgraded to Neutral from Buy at DA Davidson with analyst Tom White citing its Q2 results and below-consensus Q3 guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/10/18
08/10/18
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. GOLDMAN CUTS INTEL, UPGRADES AMD: Goldman Sachs analyst Toshiya Hari downgraded Intel (INTC) to Sell from Neutral and lowered his price target for the shares to $44 from $49. Hari coupled the downgrade with an upgrade of AMD (AMD) to Neutral from Sell. Intel's struggles with 10nm process technology made the analyst incrementally more negative on the company's competitive positioning and margin outlook. He expects a worsening product mix in the near-term, ramp in 10nm costs and growing depreciation to drive margin pressure and Intel's earnings below consensus expectations. The delay in Intel's new products will allow AMD to gain share in not only client computer processing units, and also in the "lucrative" server CPU market, Hari contended. He believes this makes for a balanced risk/reward profile on AMD shares. In late morning trading, Intel is down 2.5% and AMD is up fractionally. BOOKING HOLDINGS DOWNGRADED AT MULTIPLE FIRMS: UBS analyst Eric Sheridan downgraded Booking Holdings (BKNG) to Neutral from Buy and lowered his price target for the shares to $2,060 from $2,320 following the company's Q2 results. JPMorgan analyst Doug Anmuth downgraded Booking Holdings to Neutral from Overweight and lowered his price target for the shares to $2,070 from $2,385. Additionally, Citi analyst Mark May downgraded Booking Holdings to Neutral from Buy and lowered his price target for the shares to $2,150 from $2,350. Booking Holding is down over 2% in late morning trading. JPMORGAN CUTS CAMPBELL SOUP TO UNDERWEIGHT: JPMorgan analyst Ken Goldman downgraded Campbell Soup (CPB) to Underweight from Neutral with a $36 price target, saying he believes a sale of the company at a significant premium is unlikely. Campbell Soup is down over 2% in late morning trading. CANTOR SEES MANY REASONS FOR UNITEDHEALTH ACQUIRING ATHENAHEALTH: Numerous media sources cited a Dealreporter story indicating that UnitedHealth (UNH) is now in the second round of bidding for Athenahealth (ATHN), Cantor Fitzgerald analyst Steven Halper said in a research note. There are "many reasons" why UnitedHealth's Optum would benefit from the acquisition of Athenahealth, the analyst contended. With or without the deal, the analyst expects UnitedHealth will deploy capital and grow its various Optum businesses over time. He reiterated an Overweight rating on shares with a $300 price target.
08/14/18
JPMS
08/14/18
DOWNGRADE
Target $21
JPMS
Underweight
Macom downgraded to Underweight with $21 price target at JPMorgan
JPMorgan analyst Harlan Sur downgraded Macom Technology Solutions (MTSI) to Underweight with an unchanged price target of $21. With the stock above his price target, the analyst believes the market is already discounting "strong forward earnings power." The analyst also see the potential for margin pressures on current generation discrete Macom-based white box transceiver reference designs for 100G CWDM4 modules amid competition from Intel (INTC), Applied Optoelectronics (AAOI), and InnoLight.

TODAY'S FREE FLY STORIES

NKE

Nike

$83.11

-1.44 (-1.70%)

, ADDYY

Adidas

$0.00

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11:36
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Periodicals
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Nike

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ADDYY

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FL

Foot Locker

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UAA

Under Armour

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UA

Under Armour

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GM

General Motors

$36.74

-0.26 (-0.70%)

11:30
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Options
Giant call buy in GM »

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CNC

Centene

$56.12

0.1 (0.18%)

11:27
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Options
Size call buy in Centene »

Size call buy in Centene.…

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NXPI

NXP Semiconductors

$92.19

-2.93 (-3.08%)

11:26
05/20/19
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11:26
Options
- Bullish option flow detected in NXP Semiconductors with 7,412 calls »

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NXPI

NXP Semiconductors

$91.93

-3.19 (-3.35%)

11:25
05/20/19
05/20
11:25
05/20/19
11:25
Options
NXP Semiconductors call volume above normal and directionally bullish »

Bullish option flow…

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AJG

Arthur J. Gallagher

$83.41

0.05 (0.06%)

, BRO

Brown & Brown

$31.71

0.02 (0.06%)

11:25
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11:25
Conference/Events
William Blair insurance analyst to hold a luncheon meeting »

Insurance Analyst Klauber…

AJG

Arthur J. Gallagher

$83.41

0.05 (0.06%)

BRO

Brown & Brown

$31.71

0.02 (0.06%)

MMC

Marsh & McLennan

$95.95

0.16 (0.17%)

AON

Aon plc

$179.99

-0.57 (-0.32%)

WLTW

Willis Towers Watson

$175.98

-0.04 (-0.02%)

03/08/13
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MRK

Merck

$78.94

0.225 (0.29%)

11:22
05/20/19
05/20
11:22
05/20/19
11:22
Periodicals
Supreme Court throws out rulling against Merck on Fosamax, Reuters reports »

The U.S. Supreme Court…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
05/20/19
05/20
11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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DISH

Dish

$31.19

-4.14 (-11.72%)

, SATS

EchoStar

$42.01

1.59 (3.93%)

11:16
05/20/19
05/20
11:16
05/20/19
11:16
Downgrade
Dish, EchoStar, Sprint, T-Mobile rating change  »

Dish downgraded to Hold…

DISH

Dish

$31.19

-4.14 (-11.72%)

SATS

EchoStar

$42.01

1.59 (3.93%)

S

Sprint

$7.73

1.55 (25.10%)

TMUS

T-Mobile

$79.92

4.53 (6.01%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
05/20/19
05/20
11:16
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11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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11:15
05/20/19
05/20
11:15
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11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

11:15
05/20/19
05/20
11:15
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11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

TILE

Interface

$15.74

-0.28 (-1.75%)

11:10
05/20/19
05/20
11:10
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11:10
Conference/Events
Interface management to meet with SunTrust »

Meetings to be held in…

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GM

General Motors

$36.81

-0.19 (-0.51%)

11:07
05/20/19
05/20
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11:07
Hot Stocks
General Motors unveils new electronic platform »

General Motors announced…

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DISH

Dish

$31.11

-4.22 (-11.94%)

11:06
05/20/19
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11:06
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11:06
Downgrade
Dish rating change  »

Dish downgraded to Hold…

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ZVO

Zovio

$4.66

-0.05 (-1.06%)

10:57
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10:57
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10:57
Conference/Events
Zovio management to meet with Barrington »

Meeting to be held in New…

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LOW

Lowe's

$108.61

-0.39 (-0.36%)

, HD

Home Depot

$192.49

-0.04 (-0.02%)

10:31
05/20/19
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On The Fly
Fly Intel: What to watch in Home Depot, Lowe's earnings reports »

Home improvement…

LOW

Lowe's

$108.61

-0.39 (-0.36%)

HD

Home Depot

$192.49

-0.04 (-0.02%)

AMZN

Amazon.com

$1,851.99

-16.33 (-0.87%)

SHLD

Sears

$0.00

(0.00%)

JCP

J.C. Penney

$1.11

-0.035 (-3.07%)

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TSLA

Tesla

$199.00

-12.02 (-5.70%)

, TROW

T. Rowe Price

$103.87

-0.55 (-0.53%)

10:31
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On The Fly
Tesla dips below $200 as analysts voice concern over Model 3 demand »

Shares of Tesla (TSLA)…

TSLA

Tesla

$199.00

-12.02 (-5.70%)

TROW

T. Rowe Price

$103.87

-0.55 (-0.53%)

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VRNA

Verona Pharma

$5.90

-0.45 (-7.09%)

10:20
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05/20
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Hot Stocks
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Verona Pharma presented…

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MYL

Mylan

$19.26

-0.38 (-1.93%)

, TBPH

Theravance Biopharma

$20.19

-0.44 (-2.13%)

10:19
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Theravance, Mylan study highlights possible role of Yupelri in COPD treatment »

Theravance Biopharma…

MYL

Mylan

$19.26

-0.38 (-1.93%)

TBPH

Theravance Biopharma

$20.19

-0.44 (-2.13%)

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10:19
05/20/19
05/20
10:19
05/20/19
10:19
Conference/Events
Wolfe Research IT hardware analyst to hold an analyst/industry conference call »

IT Hardware &…

GOOS

Canada Goose

$47.69

-0.65 (-1.34%)

, OSW

OneSpaWorld

$13.55

0.05 (0.37%)

10:17
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05/20
10:17
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10:17
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

GOOS

Canada Goose

$47.69

-0.65 (-1.34%)

OSW

OneSpaWorld

$13.55

0.05 (0.37%)

ZM

Zoom Video

$86.55

-3.36 (-3.74%)

BYND

Beyond Meat

$88.70

-0.63 (-0.71%)

FMC

FMC Corporation

$74.01

-1.24 (-1.65%)

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AAL

American Airlines

$30.38

-1.38 (-4.35%)

, DAL

Delta Air Lines

$54.07

-0.82 (-1.49%)

10:17
05/20/19
05/20
10:17
05/20/19
10:17
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

AAL

American Airlines

$30.38

-1.38 (-4.35%)

DAL

Delta Air Lines

$54.07

-0.82 (-1.49%)

DB

Deutsche Bank

$7.42

-0.16 (-2.11%)

EV

Eaton Vance

$36.91

-0.895 (-2.37%)

PRA

ProAssurance

$38.42

-0.72 (-1.84%)

CLX

Clorox

$147.09

0.03 (0.02%)

03/08/13
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03/06/13
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