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FB

Facebook

$165.20

2.14 (1.31%)

, TWTR

Twitter

$29.80

0.27 (0.91%)

14:00
09/20/18
09/20
14:00
09/20/18
14:00

Facebook, Twitter, Alphabet to leave technology sector of S&P 500, WSJ says

Investors are in for a hectic Friday with the scheduled rebalancing of several major indexes, "quad witching" and "big changes by two of the world's largest index providers to a widely used system that organizes companies based on where they fit in the global economy," says the Wall Street Journal. According to the Journal, the changes in how S&P 500 will classify companies will impact 23 listed names. "Although a seemingly esoteric exercise, it has real-world implications, especially for stocks such as Facebook (FB), Twitter (TWTR) and Google-parent Alphabet (GOOG,GOOGL) that will leave the technology sector to join a new "communication-services" segment," added the Wall Street Journal. Reference Link

FB

Facebook

$165.20

2.14 (1.31%)

TWTR

Twitter

$29.80

0.27 (0.91%)

GOOG

Alphabet

$1,185.00

14.03 (1.20%)

GOOGL

Alphabet Class A

$1,189.17

14.51 (1.24%)

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FB Facebook
$165.20

2.14 (1.31%)

09/13/18
CLVD
09/13/18
NO CHANGE
CLVD
Buy
Cleveland Research lowers Facebook Q3 sales growth estimate
Cleveland Research analyst Chandler Converse said feedback on near-term Facebook ad spending has turned more cautious as a result of changes to limit targeting and tracking in response to increased scrutiny and regulation. The targeting and tracking changes are viewed as driving lower ROI for some advertisers, leading to reduced budget allocation, while Facebook also appears to be seeing increased competitive pressure from Google (GOOGL) and Amazon (AMZN), Converse tells investors. The analyst lowered his Q3 sales growth forecast to about 33% from a prior view of 35%, though he maintains a Buy rating on Facebook shares.
09/14/18
PIPR
09/14/18
NO CHANGE
PIPR
Piper says Amazon, Facebook, Alphabet attractive despite regulatory pressure
Piper Jaffray analyst Michael Olson believes shares of Amazon.com (AMZN), Facebook (FB) and Alphabet (GOOG, GOOGL) remain attractive despite increased regulatory pressure in the near-term. While current regulatory challenges present "multiple issues over the next few months," the long-term outlook remains favorable for all three companies, Olson tells investors in a research note. The analyst believes Facebook may be becoming less exposed from a regulatory perspective going forward given that the company "has now done extensive work to bring its platform in line with recent privacy regulations and because it is now giving the deserved attention to privacy." Between the three companies, Alphabet may face the most regulatory headwind given its open infrastructure marketing platform exposure on privacy and targeting, susceptibility to copyright changes through YouTube, and its dominant position in search amenable to antitrust issues, the analyst contends. However, he believes Google, YouTube, Android, and Gmail together "create a once-in-a-generation asset with continued strong revenue growth potential, high margins, and secular tailwinds." For Amazon, Olson sees the biggest worries as antitrust and Post Office changes. However, he thinks antitrust law precedent will be upheld and points out the company continues to build its own last-mile delivery to lessen its dependency on the United States Postal Service.
09/18/18
JPMS
09/18/18
NO CHANGE
Target $195
JPMS
Overweight
JPMorgan cuts estimates for Facebook, drops price target to $195
JPMorgan analyst Doug Anmuth lowered his 2019 and 2020 earnings estimates for Facebook (FB) by 5%-6% on the company's bigger investment increases over the next couple years, which he does not believe are fully captured in consensus estimates. The analyst says Facebook remains the most controversial company in his Internet coverage universe. The company is in transition as it pushes Stories more prominently on the core platform and rolls out stronger privacy tools for users. Even with Facebook suggesting it could reach mid-30%'s operating margins in a few or several years, investments in 2019 could be larger than anticipated in consensus estimates, Anmuth tells investors in a research note. The analyst also cut his price target for the shares to $195 from $205. However, he keeps an Overweight rating on the shares. Anmuth's top overall Internet picks are Amazon.com (AMZN), Twitter (TWTR) and Yelp (YELP.)
09/18/18
09/18/18
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. JPMORGAN CUTS ESTIMATES, PRICE TARGET ON FACEBOOK: JPMorgan analyst Doug Anmuth lowered his 2019 and 2020 earnings estimates for Facebook (FB) by 5%-6% on the company's bigger investment increases over the next couple years, which he does not believe are fully captured in consensus estimates. Even with Facebook suggesting it could reach mid-30% operating margins in a few or several years, investments in 2019 could be larger than anticipated in consensus estimates, Anmuth said. The analyst also cut his price target for the shares to $195 from $205. However, he kept an Overweight rating on Facebook. PIVOTAL CUTS DISCOVERY TO SELL: Pivotal Research analyst Brian Wieser downgraded Discovery (DISCA) to Sell with an unchanged price target of $26. Despite "tepid" earnings and "underwhelming" longer-term trends, the stock is up 20% over the past month, Wieser noted. While Discovery's agreements with Hulu and Sling are positive, they do not meaningfully alter the company's fundamentals, the analyst added. His price target implies 19% downside from current share levels. MIZUHO BOOSTS AMD PRICE TARGET: Mizuho analyst Vijay Rakesh raised his price target for AMD (AMD) to $36 from $20 after meeting PC supply chain companies in Asia. AMD's expected server EPYC shipment spike in Q4 will be key, as Intel (INTC) continues to lack a CEO and a competitive technology response to AMD's 12nm Ryzen and 7nm Vega launch, Rakesh said. The analyst, who admits there could be "near-term bumps," kept a Buy rating on shares of AMD. CANACCORD SAYS KAPERNICK AD HAS 'OVERWHELMING' SUPPORT: Canaccord analyst Camilo Lyon conducted a proprietary survey to assess the impact of Nike's (NKE) "Just Do It" ad featuring former NFL quarterback Colin Kapernick. The findings suggest the impact was overall positive and he expects the company to confirm that when it reports Q1 results next week. He believes the ad has had the intended effect of positively skewing the company's brand perception and likely provided a bump in sales. Lyon reiterated his Buy rating and $95 price target on Nike shares. PIPER, WILLIAM BLAIR DEFEND NUTANIX: Nutanix (NTNX) shares dropped 11.5% Monday due to an article from The Information citing a potential competitive hyperconverged infrastructure offering from Google (GOOG, GOOGL), but Piper Jaffray analyst Andrew Nowinski views the selling pressure as "excessive" and reiterates an Overweight rating on Nutanix with a $66 price target. William Blair analyst Jason Ader called the fear of competition from Google "overblown" and reiterated an Outperform rating on Nutanix.
TWTR Twitter
$29.80

0.27 (0.91%)

09/12/18
SBSH
09/12/18
NO CHANGE
SBSH
Amazon remains Citi's top pick in U.S. Internet
Citi analyst Mark May keeps Amazon.com (AMZN) as his top pick in U.S. Internet based on recent data points pertaining to company fundamentals, the near-term setup, recent stock performance, investor sentiment and changes since his last update. Alphabet (GOOG, GOOGL), Yelp (YELP), Expedia (EXPE), GrubHub (GRUB) and GoDaddy (GDDY) moved up in his rankings while Facebook (FB), eBay (EBAY), Twitter (TWTR), TripAdvisor (TRIP) and Booking Holdings (BKNG) moved down.
09/17/18
MOFT
09/17/18
NO CHANGE
Target $21
MOFT
Sell
Twitter true underlying cost growth higher than reported, says MoffettNathanson
MoffettNathanson analyst Michael Nathanson said Twitter's reported operating expense growth has "been amazingly low" in the first two quarters of this year, at 0% and 3%, respectively. However, he would argue that true underlying cost growth has actually been materially higher, in the range of 13%-15%. He also believes expenses are poised to escalate into the back-half of the year and in 2019 given "Twitter's dire need to improve platform safety and invest in more video content." Consensus margin expectations will likely need to be revised down in 2019, contends Nathanson, who reiterated his Sell rating on Twitter and lowered his price target to $21 from $23.
09/12/18
JEFF
09/12/18
NO CHANGE
Target $11
JEFF
Hold
Snap price target lowered to $11 from $14 at Jefferies
Jefferies analyst Brent Thill lowered his price target for Snap to $11 and keeps a Hold rating on the shares. Based on third-party data analysis of Android usage, Snap's daily active users and time spent are both trending down in Q3 in the U.S., U.K., Spain, France, Germany, and Australia, Thill tells investors in a research note. While advertiser sentiment is neutral to positive, reach is capped due to declining users, the analyst contends. He lowered his 2019 revenue and EBITDA estimates to reflect greater uncertainty around users and continues to prefer shares of Facebook (FB) and Twitter (TWTR) over Snap.
GOOG Alphabet
$1,185.00

14.03 (1.20%)

09/14/18
LSCM
09/14/18
NO CHANGE
Target $90
LSCM
Buy
Apple Watch more likely a positive for BioTelemetry, says Lake Street
After spending time with Joe Capper and Heather Getz, CEO and CFO of BioTelemetry (BEAT), Lake Street analyst Brooks O'Neil senses that Apple's (AAPL) Watch Series 4, which includes a built-in electrocardiogram, is more likely a positive for BioTelemetry "than a buzzer sounding a flat-line for the company's future." BioTelemetry remains the leading cardiac monitoring company and this is likely to continue for the foreseeable future, O'Neil tells investors in a research note. He points out the company has a partnership with Apple in cardiac monitoring and with Sanofi (SNY) and Alphabet (GOOG) in diabetes. The analyst's guesses that its partnership is one element giving BioTelemetry management comfort in evaluating the role Apple might play in the company's future. O'Neil reaffirms a Buy rating on the shares with a $90 price target.
09/18/18
PIPR
09/18/18
NO CHANGE
Target $66
PIPR
Overweight
Piper calls Nutanix selloff on Google competition concerns 'excessive'
Nutanix (NTNX) shares dropped 11.5% yesterday due to an article from The Information citing a potential competitive hyperconverged infrastructure offering from Google (GOOG, GOOGL), Piper Jaffray analyst Andrew Nowinski tells investors in a research note. According to the article, Google is building custom-designed hyperconverged infrastructure solutions for a handful of large customers that will run inside these customers' private datacenters. While the potential offering could be viewed as competitive to Nutanix, most enterprises will choose to leverage a multi-cloud infrastructure and would not want to be locked into single cloud provider, Nowinski contends. As such, the analyst views yesterday's selling pressure as "excessive" and reiterates an Overweight rating on Nutanix with a $66 price target. The stock closed yesterday down $6.07 to $46.47.
09/18/18
WBLR
09/18/18
NO CHANGE
WBLR
Outperform
Fears of Google competition for Nutanix look overblown, says William Blair
Shares of Nutanix (NTNX) fell yesterday after The Information reported that Google (GOOG, GOOGL) is working on a potential hyperconverged infrastructure product that could conceptually compete with Nutanix, William Blair analyst Jason Ader tells investors in a research note titled "Fears of Google Entering HCI Space Look Overblown to Us". This is likely Google's response to what Microsoft (MSFT) has built with Azure Stack, which is Microsoft's HCI product that connects directly into its Azure public cloud service, Ader contends. He believes that if Google turn this into an actual packaged HCI product sold to a broad range of customers, it could create longer-term risk for Nutanix. However, thinks investors should consider that this appears to be another validation of the staying power of the on-premises market, which he says bodes well for Nutanix. Further, he points out that if Google were to decide to enter the HCI market more broadly, it would have a long way to go to establish itself in the enterprise against entrenched players like Nutanix and VMware (VMW). Google has not had great success selling into the enterprise historically and has little experience selling enterprise infrastructure appliances, Ader writes. The analyst reiterates an Outperform rating on Nutanix.
GOOGL Alphabet Class A
$1,189.17

14.51 (1.24%)

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TEX

Terex

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CZR

Caesars

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Embraer

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BXG

Bluegreen Vacations

$14.47

0.55 (3.95%)

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SM

SM Energy

$16.88

-0.13 (-0.76%)

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AN

AutoNation

$37.22

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TSLA

Tesla

$294.60

3.42 (1.17%)

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Nissan

$0.00

(0.00%)

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Tesla

$294.60

3.42 (1.17%)

NSANY

Nissan

$0.00

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FSFG

First Savings Financial Group

$51.33

0.22 (0.43%)

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First Savings Financial raises quarterly dividend to 16c per share from 15c »

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MSFT

Microsoft

$110.97

1.5 (1.37%)

17:31
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Periodicals
Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

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ENT

Global Eagle

$2.66

(0.00%)

17:23
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NOC

Northrop Grumman

$288.84

2.54 (0.89%)

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Northrop Grumman exec Kalan sells 4,312 common shares »

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

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TCCO

Technical Comm Corp

$2.76

0.17 (6.56%)

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INFU

InfuSystem

$4.15

0.04 (0.97%)

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InfuSystem announces settlement of derivative lawsuit »

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KALU

Kaiser Aluminum

$108.22

-1.9 (-1.73%)

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ALDR

Alder Biopharmaceuticals

$14.35

0.19 (1.34%)

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RF

Regions Financial

$16.24

-0.01 (-0.06%)

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HL

Hecla Mining

$2.59

-0.145 (-5.31%)

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

, CELG

Celgene

$89.15

0.54 (0.61%)

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

CELG

Celgene

$89.15

0.54 (0.61%)

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TEN

Tenneco

$36.29

0.76 (2.14%)

16:48
02/22/19
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TEN

Tenneco

$36.29

0.76 (2.14%)

16:46
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Earnings
Tenneco reports preliminary Q4 revenue $4.3B, consensus $4.3B »

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XRX

Xerox

$31.50

0.16 (0.51%)

16:44
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02/22
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16:44
Conference/Events
Xerox management to meet with Loop Capital »

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  • 28

    Feb

TWTR

Twitter

$31.70

0.94 (3.06%)

16:38
02/22/19
02/22
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16:38
Hot Stocks
Twitter board member Evan Williams to step down at end of month »

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  • 25

    Feb

ALLY

Ally Financial

$26.95

-0.07 (-0.26%)

16:34
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16:34
Hot Stocks
Ally Financial CEO sells over 97,000 common shares »

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