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AMZN

Amazon.com

$1,932.92

5.335 (0.28%)

07:57
08/29/18
08/29
07:57
08/29/18
07:57

Technical Take: Amazon.com at new life high, analyst action

In pre-market trading the shares were last up over 1% to $1953.65. At that price there is no resistance, opening up the potential for a run to the $1975-$2000 area. Support is at the prior session closing price of $1932.81. As previously reported, Morgan Stanley sharply raised its price target to the current highest on the street, from $1850 up to $2500. The closest target was at $2458 with an average of $2111.69.

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AMZN Amazon.com
$1,932.92

5.335 (0.28%)

08/29/18
MSCO
08/29/18
NO CHANGE
Target $2500
MSCO
Overweight
Amazon price target raised to $2,500 from $1,850 at Morgan Stanley
Morgan Stanley analyst Brian Nowak expressed increasing confidence that Amazon's rapidly growing, high margin revenue streams - namely advertising, AWS, and subscriptions - will drive higher profitability and continue to push up consensus estimates. He has not made any changes to his estimates, but raised his price target on Amazon shares to $2,500 from $1,850 to reflect its improving business mix and his belief that the new target more accurately represents the company's long-term potential earnings power. In his new sum-of-the-parts model, Nowak values core retail at about $625B, values the AWS cloud business at roughly $375B, values Prime subscriber revenue at $100B and values the advertising business at $125B. He maintains an Overweight rating on Amazon shares, which closed yesterday at about $1,933 per share.
08/28/18
WBLR
08/28/18
NO CHANGE
WBLR
Outperform
Amazon upgrading printers to Kornit's new HD technology, says William Blair
Based on information from the Pennsylvania Department of Environmental Protection, William Blair analyst Brian Drab believes Amazon (AMZN) is upgrading Kornit printers that were already installed in its Pennsylvania textile printing facility to Kornit's new high definition print engine and also laying the groundwork to expand the facility from a maximum of 48 machines to 72 machines. In a research note titled "As Far as We Can Tell, Amazon Really Likes Kornit," Drab says Kornit's valuation is attractive given his expectation for about 20% revenue growth and margin driving greater than 30% earnings growth going forward. He points out that Amazon recently applied for two new air-quality permits and also submitted an application to expand capacity at its Pennsylvania facility from 48 printers to 72 printers. This is clearly a step toward upgrading the existing fleet of machines in the Pennsylvania facility to the HD technology Kornit introduced in early 2018, the analyst contends. He believes Amazon's e application for 72 printers is likely to be approved given it is essentially an addendum to previous permits. Drab estimates that an incremental 24 printers would likely generate about $10M in revenue for Kornit. He keeps an Outperform rating on the shares.
08/27/18
MSCO
08/27/18
NO CHANGE
MSCO
Equal Weight
Walmart battle with Amazon set to escalate, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman believes Walmart's (WMT) battle with Amazon (AMZN) is about to intensify and he views its ability to counter Amazon's challenges as the key long-term debate on the stock. He believes Walmart shares are pricing in a continuation of 2-3% comps over the next few years with 40% e-commerce growth and improving e-commerce profitability, but he fears this may not be sustainable. He keeps an Equal Weight rating on Walmart shares, stating that to make him more bullish Walmart needs to show sustained top-line strength in both channels and to become more bearish he'd have to see U.S. EBIT margins contract more than he expects.
08/27/18
PIPR
08/27/18
NO CHANGE
Target $150
PIPR
Overweight
Piper believes advertising revenue could 'ramp significantly' for Wayfair
The "nascent" advertising revenue opportunity at Wayfair (W) could "ramp significantly" over the next two years and become a notable driver to EBITDA, Piper Jaffray analyst Peter Keith tells investors in a research note. Wayfair is currently testing sponsored product ads, and the analyst believes the initiative could roll out more broadly within the next few months. Using Amazon's (AMZN) early success with sponsored ads as a proxy, he estimates Wayfair's ad revenue could drive $100M-$175M of EBITDA by 2020. Keith has not factored advertising revenue into his model, but says advertising success would "significantly increase" the probability of positive EBITDA for Wayfair in the next two years. The analyst reiterates an Overweight rating on the shares with a $150 price target.

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MAT

Mattel

$12.20

0.42 (3.57%)

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WBA

Walgreens Boots Alliance

$53.41

-0.68 (-1.26%)

, PM

Philip Morris

$84.72

0.45 (0.53%)

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WBA

Walgreens Boots Alliance

$53.41

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PM

Philip Morris

$84.72

0.45 (0.53%)

BTI

British American Tobacco

$39.92

0.22 (0.55%)

MO

Altria Group

$54.39

-0.22 (-0.40%)

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General news
The U.S. new home sales report revealed a big 4.5% jump »

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RHT

Red Hat

$182.67

0.64 (0.35%)

, IBM

IBM

$139.85

1.015 (0.73%)

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RHT

Red Hat

$182.67

0.64 (0.35%)

IBM

IBM

$139.85

1.015 (0.73%)

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ROKU

Roku

$61.10

2.91 (5.00%)

, ZSAN

Zosano Pharma

$3.77

0.105 (2.86%)

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TTD

Trade Desk

$208.56

-2.58 (-1.22%)

SQM

SQM

$36.20

-0.88 (-2.37%)

LYFT

Lyft

$59.90

-1.01 (-1.66%)

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HRL

Hormel Foods

$39.54

-0.9 (-2.23%)

, DLR

Digital Realty

$117.67

-1.7 (-1.42%)

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HRL

Hormel Foods

$39.54

-0.9 (-2.23%)

DLR

Digital Realty

$117.67

-1.7 (-1.42%)

PEG

PSEG

$58.57

0.13 (0.22%)

FTS

Fortis

$37.01

-0.18 (-0.48%)

CROX

Crocs

$26.40

-0.85 (-3.12%)

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QCOM

Qualcomm

$84.76

2.79 (3.40%)

, KMB

Kimberly-Clark

$127.96

-2.28 (-1.75%)

10:30
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Upgrade
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QCOM

Qualcomm

$84.76

2.79 (3.40%)

KMB

Kimberly-Clark

$127.96

-2.28 (-1.75%)

SAFM

Sanderson Farms

$143.73

2.16 (1.53%)

VC

Visteon

$80.45

-0.37 (-0.46%)

VNE

Veoneer

$28.16

-1.04 (-3.56%)

SNE

Sony

$47.95

0.34 (0.71%)

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03/06/13
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HSY

Hershey

$117.31

0.28 (0.24%)

10:30
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Options
Pre-earnings put spreads in Hershey as shares reach 52-week highs »

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LYFT

Lyft

$60.15

-0.76 (-1.25%)

, UBER

Uber

$0.00

(0.00%)

10:26
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On The Fly
Lyft dips below $60 despite bullish calls from several Wall Street analysts »

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LYFT

Lyft

$60.15

-0.76 (-1.25%)

UBER

Uber

$0.00

(0.00%)

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TSLA

Tesla

$262.30

-0.6 (-0.23%)

10:25
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Recommendations
Tesla analyst commentary at Roth Capital »

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MA

MasterCard

$243.02

0.02 (0.01%)

, PYPL

PayPal

$107.15

0.37 (0.35%)

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Conference/Events
Cantor Fitzgerald tech services analyst to hold analyst/industry conference call »

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MA

MasterCard

$243.02

0.02 (0.01%)

PYPL

PayPal

$107.15

0.37 (0.35%)

WP

Worldpay

$112.93

0.17 (0.15%)

FIS

FIS

$112.39

0.22 (0.20%)

GPN

Global Payments

$142.15

1.53 (1.09%)

IMXI

International Money Express

$11.91

-0.08 (-0.67%)

JKHY

Jack Henry

$145.18

0.67 (0.46%)

SQ

Square

$72.62

0.03 (0.04%)

V

Visa

$161.15

0.76 (0.47%)

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C

Citi

$68.70

-0.37 (-0.54%)

10:25
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Conference/Events
Citi to hold a conference call »

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HLX

Helix Energy

$7.83

-0.76 (-8.85%)

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Earnings
Helix Energy sees FY19 revenue $700M-$760M, consensus $735.51M »

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JBLU

JetBlue

$17.28

0.435 (2.58%)

10:21
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JetBlue see FY19 CapEx $1.2B-$1.4B »

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ESV

Ensco Rowan

$16.86

0.725 (4.49%)

10:20
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Options
Call buyers in Ensco as shares gain 3.5% »

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Treasury Action: yields remain richer »

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PII

Polaris Industries

$97.88

-1.045 (-1.06%)

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Polaris Industries says April off to a strong start »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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NYSE market internals summary »

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AXL

American Axle

$15.44

-0.05 (-0.32%)

, GOOGL

Alphabet Class A

$1,261.26

7.32 (0.58%)

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AXL

American Axle

$15.44

-0.05 (-0.32%)

GOOGL

Alphabet Class A

$1,261.26

7.32 (0.58%)

GOOG

Alphabet

$1,255.00

6.04 (0.48%)

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10:15
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General news
U.S. new home sales rose 4.5% to 692k in March »

U.S. new home sales rose…

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General news
U.S. April Richmond Fed manufacturing index fell 7 points to 3 »

U.S. April Richmond Fed…

KSS

Kohl's

$72.07

4.64 (6.88%)

, AMZN

Amazon.com

$1,904.20

16.1 (0.85%)

10:11
04/23/19
04/23
10:11
04/23/19
10:11
On The Fly
Kohl's to accept Amazon returns in all stores beginning in July »

Shares of Kohl's (KSS)…

KSS

Kohl's

$72.07

4.64 (6.88%)

AMZN

Amazon.com

$1,904.20

16.1 (0.85%)

UA

Under Armour

$19.64

0.11 (0.56%)

UAA

Under Armour

$22.09

0.145 (0.66%)

PLNT

Planet Fitness

$73.94

0.245 (0.33%)

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CCJ

Cameco

$11.90

0.01 (0.08%)

10:10
04/23/19
04/23
10:10
04/23/19
10:10
Options
Cameco calls active »

Cameco calls active. The…

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10:10
04/23/19
04/23
10:10
04/23/19
10:10
General news
FX Action: The dollar »

FX Action: The dollar…

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