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MSFT

Microsoft

$115.62

0.02 (0.02%)

, UBSFY

Ubisoft

$0.00

(0.00%)

12:34
10/02/18
10/02
12:34
10/02/18
12:34

Game On: Google unveils Project Stream, will test streaming 'Assassin's Creed'

Welcome to "Game On," The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among this week's major releases is Microsoft's (MSFT) racing sim "Forza Horizon 4," which launches today on Xbox One and PC. Also out this week is Ubisoft's (UBSFY) "Assassin's Creed Odyssey," the latest in its series of open-world action games. The game comes out October 5 for PC, Xbox One, and PlayStation 4 (SNE). In addition, Capcom's (CCOEY) new sidescrolling action game "Mega Man 11" rolls out today for PC, PS4, Xbox One, and Nintendo Switch (NTDOY), while Nintendo's party game "Super Mario Party" launches October 5 exclusively on the Switch. PROJECT STREAM: Yesterday, Google (GOOG) announced Project Stream, a technical test to solve "some of the biggest challenges of streaming." The service is designed to give video game players the ability to stream video games directly to the Chrome browser on a laptop or desktop. Google noted that it has partnered with Ubisoft to stream "Assassin's Creed Odyssey" to the Chrome browser, with a limited number of participants being able to play the game at no charge for the duration of the Project Stream test starting October 5. "The technology and creativity behind these AAA video games is extraordinary-from incredible detail and life-like movement of the characters' skin, clothing, and hair, to the massive scale of the world in which the game unfolds, down to every last blade of grass," Google said. "Every pixel is powered by an array of real-time rendering technology, artistry, visual effects, animation, simulation, physics and dynamics. We're inspired by the game creators who spend years crafting these amazing worlds, adventures and experiences, and we're building technology that we hope will support and empower that creativity." PS4 CROSS-PLAY: Last week, Sony said that it was taking steps toward having the PS4 support cross-platform features for select third party games. As a result, the company launched an open beta on Wednesday for Epic Games' "Fortnite" that will allow for cross platform gameplay, progression and commerce across PlayStation 4, Android, iOS (AAPL), Nintendo Switch, Xbox One, Microsoft Windows, and Mac operating systems. Epic Games, the creator of "Fortnite," is 40% owned by Tencent (TCEHY) and is part of Disney's (DIS) Accelerator Program. NO PLAYSTATION EXPERIENCE: According to media reports, Sony said that its annual PlayStation conference, known as PlayStation Experience, has been canceled this year due to a lack of announcements. This marks the first time PlayStation Experience will not be held in North America fort he first time since its launch in 2014, according to Business Insider.

MSFT

Microsoft

$115.62

0.02 (0.02%)

UBSFY

Ubisoft

$0.00

(0.00%)

SNE

Sony

$59.95

-0.66 (-1.09%)

NTDOY

Nintendo

$0.00

(0.00%)

CCOEY

Capcom

$0.00

(0.00%)

GOOG

Alphabet

$1,206.34

11.55 (0.97%)

GOOGL

Alphabet Class A

$1,219.23

12.16 (1.01%)

AAPL

Apple

$229.44

2.15 (0.95%)

TCEHY

Tencent

$0.00

(0.00%)

DIS

Disney

$116.80

0.58 (0.50%)

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MSFT Microsoft
$115.62

0.02 (0.02%)

09/27/18
JMPS
09/27/18
NO CHANGE
JMPS
JMP says battle lines drawn with Salesforce on one side, Microsoft on other
After attending Salesforce's (CRM) analyst day hosted in conjunction with the Dreamforce user conference, Patrick Walravens noted that the event "happens to coincide" with Microsoft's (MSFT) Ignite conference in Orlando. He said the most interesting new development in the competitive landscape is the way the "battle lines are being drawn" between Salesforce, Google (GOOGL) and Amazon (AMZN), which announced new strategic relationships this week, and Microsoft, SAP (SAP) and Adobe (ADBE), who announced the Open Data Initiative on September 24, on the other side. In terms of product highlights from Dreamforce, Chief Product Officer Bret Taylor highlighted Customer 360 and Einstein Voice, said Walravens, who keeps an Outperform rating and $178 price target on Salesforce shares.
09/27/18
OPCO
09/27/18
NO CHANGE
Target $127
OPCO
Outperform
Microsoft to drive digital transformations through hybrid cloud,says Oppenheimer
After attending Microsoft Ignite, Oppenheimer anakyst Timothy Horan says adoption of hybrid cloud is accelerating, enabling three areas of growth with enterprises, namely upgrading legacy IT, adoption of cloud Infrastructure as a Service through Azure, and new services. The company had hundreds of announcements including a new cloud service and a virtual desktop, which highlights its optimism on its networking/cloud capabilities, he contends. Horan reiterates an Outperform rating and $127 price target on the shares.
10/02/18
NOMU
10/02/18
DOWNGRADE
Target $63
NOMU
Reduce
Nomura downgrades MongoDB to Reduce on 'extreme valuation'
Nomura Instinet Christopher Eberle downgraded MongoDB (MDB) to Reduce from Neutral while raising his price target for the shares to $63 from $43. The stock closed yesterday at $78.86. The company's current market value reflects "extreme valuation," Eberle tells investors in a research note. MongoDB has a "compelling" multi-year, if not multi-decade, opportunity, but it faces "intense competition and deep-pocketed incumbency that won't die easily," the analyst contends. He points out that in the last year alone, Microsoft's (MSFT) Cosmos DB grew from zero to $100M revenue. Eberle believes the current market price of MongoDB assumes no risks.
09/24/18
09/24/18
DOWNGRADE

Negative
Nutanix downgraded to Negative from Neutral at Susquehanna
As previously reported, Susquehanna analyst Mehdi Hosseini downgraded Nutanix to Negative from Neutral and reduced his price target on shares to $33 from $55. The analyst believes Nutanix's OEM relationships are likely to become "less impactful over time," and also cited increasing competition as a headwind. Hosseini specifically said not to count out Microsoft (MSFT), noted that VMware (VMW) continues to add new features for vSAN while tightening integration with AWS, and expects an IPO from Dell in the coming months.
UBSFY Ubisoft
$0.00

(0.00%)

09/19/18
KEYB
09/19/18
NO CHANGE
KEYB
Overweight
KeyBanc says buy shares of Take Two, Activision Blizzard into holiday season
KeyBanc analyst Evan Wingren says he remain positives on video games into what should be a strong holiday. In a research note to investors, Wingren says his favorite ways to play the holiday season are Take Two (TTWO) and Activision Blizzard (ATVI) and that he would be buying shares. Though he acknowledges that fundamentals softened in Q2 as competition impacted upside to estimates, he expects fundamentals to improve into 2019, driven by strong games, new content and new growth opportunities. The analyst expects Take Two's Red Dead Redemption 2 to be "one of the biggest releases this holiday," and Activision's Call of Duty: Black Ops III, WoW and Destiny expansions should drive earnings above consensus. He has Overweight ratings on both Take Two and Activision Blizzard, as well as EA (EA).
09/11/18
JPMS
09/11/18
UPGRADE
JPMS
Overweight
Ubisoft upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Daniel Kerven upgraded Ubisoft to Overweight and raised his price target for the shares to EUR 130 from EUR 71. The shift to digital and player recurring investment drives higher margins and improves the visibility and quality of the company's earnings, the analyst contends. He believes Ubisoft has a strong portfolio of established franchises with recurring revenue.
09/13/18
MSCO
09/13/18
INITIATION
MSCO
Equal Weight
Ubisoft initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Julia Matoshchuk initiated Ubisoft with an Equal Weight rating and EUR100 price target. She sees the company being positioned to benefit from the digital transition and its improving franchise breadth, but also notes the stock is valued at a 16% premium to U.S. video game peers.
05/01/18
KEYB
05/01/18
INITIATION
KEYB
Overweight
Ubisoft resumed with an Overweight at KeyBanc
KeyBanc analyst Evan Wingren resumed coverage of Ubisoft with an Overweight saying it sets up well with a strong slate of owned IP launches and live services, which he believes will allow it to show growth above its peers in the near-term and exceed consensus expectations.
SNE Sony
$59.95

-0.66 (-1.09%)

04/20/18
PIPR
04/20/18
NO CHANGE
PIPR
March NPD video game software sales fell 25%, says Piper Jaffray
March NPD video game software sales declined 25% year-over-year due to a tough compare with the launch of Nintendo's (NTDOY) Switch console a year ago and its highly successful launch title, The Legend of Zelda, Piper Jaffray analyst Michael Olson tells investors in a research note. The top two titles in the month were Ubisoft's Far Cry 5 and Sony's (SNE) MLB: The Show, but combined, the two generated less revenue than last year's Zelda, Olson adds. He views this month's data as less relevant given the absence of a major launch from Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). However, Olson thinks the March NPD data is most positive for Activision and least favorable for EA, which he says faced difficult compares to the launch of Mass Affect: Andromeda the prior year. The analyst keeps Overweight ratings on Activision, EA and Take-Two.
09/10/18
FBCO
09/10/18
UPGRADE
FBCO
Outperform
Sony upgraded to Outperform from Neutral at Credit Suisse
06/20/18
PIPR
06/20/18
NO CHANGE
PIPR
May NPD video game software sales rose 15%, says Piper Jaffray
May NPD video game software sales were up 15% year-over-year, driven by Sony (SNE) and Nintendo (NTDOY) launches of first-party titles, Piper Jaffray analyst Michael Olson tells investors in a research note. The analyst views May NPD data as less relevant for publishers since there were no major launches from Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). He maintains Overweight ratings on all three names.
05/07/18
UBSW
05/07/18
DOWNGRADE
UBSW
Neutral
Sony downgraded to Neutral from Buy at UBS
NTDOY Nintendo
$0.00

(0.00%)

09/06/18
BARD
09/06/18
NO CHANGE
Target $14
BARD
Outperform
GameStop strong hardware sales offset pre-owned and software decline, says Baird
Baird analyst Colin Sebastian kept his Outperform rating and $14 price target on GameStop (GME) after its "in-line" Q2 results, where "strong new hardware sales and improving Tech Brands segment profitability" offset the declines in the pre-owned and software segments. The analyst adds that the revenue beat was driven by the ongoing demand for Nintendo (NTDOY) Switch and Xbox One consoles, while noting that the comps decline of -0.5% was better than the expected -3.7% decrease.
07/18/18
SBSH
07/18/18
NO CHANGE
Target $300
SBSH
Buy
Nvidia can selloff near-term on graphics commentary, says Citi
Citi analyst Atif Malik says his recent supply chain checks indicate discrete graphics gaming demand is expected to remain sluggish thru the September quarter due to a "sharp decline" in mining related demand on falling cryptocurrency prices, channel distributors and partners waiting for Nvidia's (NVDA) new Turing gaming card launch in the October quarter, and weak gaming console sales at Microsoft (MSFT) offset by the Nintendo (NTDOY) Switch. The analyst lowered his July and October quarter estimates for Nvidia to bring them in-line with consensus. He thinks the stock can selloff in the near-term on weaker than expected graphics commentary from TSMC (TSM), who reports on July 19, and AMD (AMD), who reports on July 25. Malik, however, keeps a Buy rating on Nvidia with a $300 price target. He believes his long-term thesis on the shares remains intact.
07/16/18
GSCO
07/16/18
UPGRADE
GSCO
Buy
Nintendo upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Masaru Sugiyama upgraded Nintendo to Buy with a reduced price target of 47,000 yen. The earnings structure of Switch is "superior" to Wii and its earnings contribution is "just getting started," Sugiyama tells investors in a research note.
07/09/18
LYON
07/09/18
UPGRADE
LYON
Buy
Nintendo upgraded to Buy from Outperform at CLSA
CLSA analyst Rolf Edelman upgraded Nintendo to Buy while lowering his price target for the shares to 44,000 yen from 54,000 yen. While the analyst reduced his estimates to reflect a slowdown in sales momentum for Switch, he says current valuation levels have not been seen "since the dark days for Nintendo." The company's first-party title releases in each of the last three months of the year should improve momentum and drive a rerating in the shares, Edelman tells investors in a research note.
CCOEY Capcom
$0.00

(0.00%)

GOOG Alphabet
$1,206.34

11.55 (0.97%)

09/25/18
NOMU
09/25/18
NO CHANGE
Target $125
NOMU
Buy
Square price target raised to $125 from $86 at Nomura Instinet
Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) to $125 from $86 and keeps a Buy rating on the shares. The stock closed yesterday up 75c to $86.04. The analyst's analysis of Square's fundamentals indicates "buoyant" gross payment volume, revenue and marketing efficacy trends. The company's "fully cohesive solutions and rapid rate of innovation" suggest that it is en route to disrupt the global payments ecosystem, Dolev tells investors in a research note titled "Improving Momentum Means $125 Is Within Reach." He believes this is similar to the FANG stocks, or Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google (GOOG, GOOGL), that have "disrupted traditional markets with massive" global total addressable markets. Further, Dolev believes shares of Square are not too expensive when taking into account its "stellar" 45% expected three-year annual revenue growth, which he thinks "makes it screen more attractively than many payment peers and FANG stocks."
09/25/18
MSCO
09/25/18
NO CHANGE
Target $2500
MSCO
Overweight
Amazon should increase focus on autonomous driving, says Morgan Stanley
Morgan Stanley analyst Brian Nowak makes the case that autonomous driving technology should be where Amazon (AMZN) invests next, stating that Alphabet's (GOOGL) Waymo partnering with Walmart (WMT) and shopping center owner DDR (DDR) to drive shoppers to stores is "just the beginning." He sees the potential for a deeper integration between Google Shopping and Waymo autonomous cars to deliver retailers' in-store or warehouse inventory to consumers, and sees Amazon needing a defense against a stronger potential long-term Waymo retail offering. Nowak also notes that Amazon is already investing in its own delivery network and contends that investing in an autonomous offering is just an extension of this strategy in many ways. Additionally, the analyst sees a small relative upfront investment, the potential for large shipping savings and ways to leverage the value of miles driven. Nowak maintains an Overweight rating and $2,500 price target on Amazon shares.
09/27/18
KEYB
09/27/18
NO CHANGE
Target $1430
KEYB
Google Other Segment breakout suggests gross margin upside, says KeyBanc
KeyBanc analyst Andy Hargreaves says his breakout of the components of Google "other" revenue and estimated margins suggests his forward gross margin expectations were conservative. Furthermore, Hargreaves believes growth in Cloud and Play are underappreciated. The analyst reiterates an Overweight rating and $1,430 price target on Alphabeth's class A shares.
GOOGL Alphabet Class A
$1,219.23

12.16 (1.01%)

09/25/18
RBCM
09/25/18
NO CHANGE
Target $10
RBCM
Outperform
Competing big for Pandora 'unlikely', says RBC Capital
RBC Capital analyst Mark Mahaney kept his Outperform rating and $10 price target on Pandora (P) after yesterday's announcement of a pending acquisition by Sirius (SIRI). The analyst believes that this is a "logical strategic step" based on the potential synergies between the two, with the first having a very strong in-home presence and the latter a very strong in-car presence. Mahaney also sees the $10.14 per share acquisition price as very reasonable and consistent with his own price target derived from 1.5-times multiple of forward price to sales. The analyst further notes that a competing bid from potential other acquirers like Spotify (SPOT), Apple (AAPL), Google (GOOGL), and Amazon (AMZN) is "reasonable unlikely at this point".
AAPL Apple
$229.44

2.15 (0.95%)

09/28/18
NOMU
09/28/18
NO CHANGE
Target $215
NOMU
Buy
Apple price target raised to $215 from $210 at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal raised his price target for Apple to $215 while keeping a Neutral rating on the shares. Falling shipment times for the XS models lifts visibility into the trajectory of two of the three new phones, Kvaal tells investors in a research note. Further, longer shipment times for the Max than the XS imply a "material" average selling price boost, the analyst contends. He upped his fiscal 2019 earnings per share estimate to $14.35 from $14.16.
10/01/18
PIPR
10/01/18
NO CHANGE
Target $250
PIPR
Overweight
Piper calls iPhone ASP estimate conservative after iPhone user survey
After surveying over 700 domestic iPhone owners to ask which iPhone they would buy if they were to upgrade this year, Piper Jaffray analyst Michael Olson believes the consensus average selling price estimate may be conservative. Of those surveyed, 39% indicated they would buy one of the two "flagship" devices, the iPhone Xs or Xs Max, while the remaining 61% would buy some combination of iPhone Xr, 8 or 7, Olson tells investors in a research note. The analyst now expects a fiscal 2019 average selling price of $770, above his previous estimate of $758. Further, Olson believes more choices for next gen form factor iPhones will drive unit upside relative to consensus. For fiscal 2019 he models 223M units versus the consensus at 218M. The analyst raised his estimates for Apple and continues to recommend owning the shares with an Overweight rating and $250 price target.
10/01/18
NOMU
10/01/18
NO CHANGE
NOMU
Buy
ITC ruling Friday reinforces Qualcomm's momentum, says Nomura Instinet
Nomura Instinet analyst Romit Shah believes Friday's International Trade Commission ruling reinforces Qualcomm's (QCOM) momentum in the Apple (AAPL) litigation and increases the likelihood the dispute will be settled before the end of the year. The analyst says he's been recommending Qualcomm shares on the belief that the Apple dispute would be resolved by the end of the year and Qualcomm stands to "benefit greatly" from a resolution. Shah keeps a Buy rating on the shares with an $80 price target.
09/27/18
09/27/18
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 STARTS APPLE AT OVERWEIGHT: JPMorgan analyst Samik Chatterjee initiated coverage of Apple (AAPL) with an Overweight rating and $272 price target. While Apple's leadership position in the premium smartphone market is well understood by investors, its "faster-than-expected" transformation to a services business, "stronger-than-expected" price increases in the core iPhone business and earnings growth from stock buybacks can drive "considerable upside" to current share levels, Chatterjee said. The analyst also believes Apple's "robust" high-single-digit growth in the installed base, which he says is a key contributor to services revenue growth, has been underappreciated by investors. LOOP CUTS APPLIED OPTOELECTRONICS TO SELL: Loop Capital analyst James Kisner downgraded Applied Optoelectronics (AAOI) to Sell from Hold and cut his price target for the shares to $20 from $45. The downgrade follows the analyst's industry checks which suggest the company is having product quality issues in 100G CWDM4 transceivers and that the pricing environment for 100G data center optics "remains very tough." It's possible that Applied Optoelectronics can get around the problem by procuring lasers externally, but this would obviously be negative for gross margin, the analyst said. NORTHLAND CUTS AMD TO MARKET PERFORM: Northland analyst Gus Richard said that while his thesis that AMD (AMD) will challenge Intel (INTC) has not changed, valuation has, prompting him to downgrade AMD shares to Market Perform from Outperform. He still sees AMD shares appreciating through year end, but Richard believes the stock price now reflects "irrational expectations." While downgrading his rating, Richard raised his price target on AMD shares to $30 from $26. STIFEL BOOSTS AMAZON PRICE TARGET TO STREET HIGH: Stifel analyst Scott Devitt increased his price target on Amazon (AMZN) shares to $2,525 from $2,020 primarily due to higher long-term revenue and margin expectations, driven by stronger than previously expected growth from Amazon's retail, cloud, and advertising businesses. He raised his 2019 advertising and other revenue forecast to $15.0B from $13.5B and hiked his 2020 view for the business to $20.2B from $17.6B. He increased his 2019 AWS revenue forecast to $36.6B from $35.4B and increased his 2020 view for AWS to $50.1B from $47.8B. Devitt also raised his 2019 and 2020 online stores revenue forecasts to $143.1B and $164.6, respectively, from $141.5B and $161.3B. He maintains a Buy rating on Amazon shares. CITI SAYS BED BATH & BEYOND TURNAROUND MAY BE TOO LITTLE, TOO LATE: Citi analyst Kate McShane lowered her price target for Bed Bath & Beyond (BBBY) to $13 from $16 and reiterated a Sell rating on the shares following the company's Q2 results. Management's turnaround plan "might be too little too late," McShane said in a post-earnings research note. In the near term, it's difficult to envision the company's initiatives "moving the needle in a meaningful way," McShane wrote. And over the long term, she finds it unclear which of the projects management will stick with.
TCEHY Tencent
$0.00

(0.00%)

09/13/18
GSCO
09/13/18
INITIATION
Target $31.9
GSCO
Buy
Pinduoduo initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Piyush Mubayi started Pinduoduo (PDD) with a Buy rating and $31.90 price target, identifying it as the "fastest-growing internet company in the world" in terms of revenue growth. He sees Pinduoduo being well positioned to benefit from continuous growth of China e-commerce based on its popular app and Tencent's (TCEHY) social networks.
08/16/18
JEFF
08/16/18
NO CHANGE
Target $90
JEFF
Buy
China approval freeze creates buying opportunity in Activision, says Jefferies
Jefferies analyst Timothy O'Shea said he views China having frozen mobile game approvals as a temporary problem and "mostly a non-issue" as only the monetization approval process has been frozen, not the content approval process, and he note administrators are already implementing a fast-track approval process to alleviate the problem. Activision Blizzard's (ATVI) upcoming Call of Duty mobile game was expected to launch in China this year, but O'Shea said this is a smaller game that is not in his estimates, adding that Tencent (TCEHY) gets 70% of the revenue under its deal for the game. Activision has a pipeline of new mobile games coming that he would still expect to launch in China over time and O'Shea sees the 15% pullback in the game maker's shares in the last month as a buying opportunity, he tells investors. He maintains a Buy rating and $90 price target on Activision Blizzard shares.
08/20/18
NOMU
08/20/18
NO CHANGE
NOMU
Buy
China watchdogs said to likely restart game reviews soon, says Nomura Instinet
Nomura Instinet analyst Jialong Shi noted that over the weekend posts on Weibo said China's online game watchdogs will likely restart game reviews as early as September, adding that a few of his online gaming contacts have also heard lately from relevant watchdogs that the review of new games should restart soon. If game reviews do resume in September, Tencent's (TCEHY) PUBG Mobile and Fortnite are likely to receive licenses for monetization in Q4 at the earliest, said Shi, who believes Tencent and NetEase (NTES) would benefit from improved sentiment and outlooks if Chinese regulators restart reviews.
08/22/18
LEHM
08/22/18
NO CHANGE
Target $55
LEHM
Overweight
Tencent price target lowered to $55 from $59 at Barclays
Barclays analyst Gregory Zhao lowered his price target for Tencent Holdings to $55 following the company's Q2 results to reflect the impact from monetization approval delay to mobile gaming revenue as well as the negative efforts to interest revenue due to the deposit rate increase. The analyst keeps an Overweight rating on the shares.
DIS Disney
$116.80

0.58 (0.50%)

09/24/18
LOOP
09/24/18
NO CHANGE
Target $51
LOOP
Buy
21st Century Fox favored over Disney on on Comcast-Sky deal, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $51 price target on 21st Century Fox (FOXA), saying that while Disney (DIS) should also rise on the latest news of Comcast (CMCSA) buy Sky (SKYAY), "asymmetrical returns" favor Fox as Disney stock price "approaches the high end of the collared range for the Fox transaction". The analyst notes that he is positive on Fox "as an attractive way to buy Disney and create shares in the spinoff New Fox". Gould adds that while missing on Sky "complicates Disney's direct-to-consumer" Europe strategy, he believes investors will reward its stronger balance sheet and its independent efforts of launching a global streaming business.
09/19/18
UBSW
09/19/18
DOWNGRADE
UBSW
Neutral
Sky downgraded to Neutral from Buy at UBS
UBS downgraded Sky (SKYAY) to Neutral while raising its price target for the shares to 1,600p from 1,500p. The firm cites valuation for the downgrade with the stock up over 70% in the last 12 months. Sky shares are pricing in high probability that Disney (DIS)/Fox (FOXA) will return with a higher offer, UBS says. It continues to believe the company is "strategically valuable" to both Disney/Fox and Comcast (CMCSA).
09/24/18
BERN
09/24/18
NO CHANGE
BERN
Sky's bidding war outcome 'best possible result' for Disney, says Bernstein
Bernstein analyst Todd Juenger says this weekend's outcome of the bidding war for Sky (SKYAY) was "the best possible result" for Disney (DIS). The analyst argues that he never understood why Disney would want to operate a European DBS business, and never understood how Sky would contribute to Disney's DTC strategy. Rather than pay such a premium like Comcast (CMCSA), Disney can now get "paid" that premium, assuming Fox (FOXA) agrees to sell and deliver the proceeds to Disney in lieu of the shares they had promised, the analyst contends.
10/02/18
LOOP
10/02/18
NO CHANGE
Target $365
LOOP
Hold
Netflix to beat its subscriber forecasts in Q3, says Loop Capital
Loop Capital analyst Alan Gould kept his Hold rating and $365 price target on Netflix (NFLX) ahead of its Q3 results. The analyst expects the company to beat on subscriber adds domestically and internationally while also offering a "conservative" outlook for Q4 along with another debt offering likely to be offset by another $1 per month increase in rates. Gould adds that while the Street has consistently underestimated international subscriber additions at Netflix, he also warns that further detail from Disney (DIS) about its upcoming streaming services could weigh on Netflix shares.

TODAY'S FREE FLY STORIES

22:20
10/18/18
10/18
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22:20
General news
China's GDP slowed to a 6.5% y/y growth pace in Q3 »

China's GDP slowed…

NI

NiSource

$25.25

0.22 (0.88%)

21:12
10/18/18
10/18
21:12
10/18/18
21:12
Downgrade
NiSource rating change at Goldman Sachs »

NiSource downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 01

    Nov

PNW

Pinnacle West

$83.48

-0.235 (-0.28%)

21:04
10/18/18
10/18
21:04
10/18/18
21:04
Upgrade
Pinnacle West rating change at Goldman Sachs »

Pinnacle West upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 08

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    Nov

  • 11

    Nov

NVS

Novartis

$86.24

0.9 (1.05%)

20:26
10/18/18
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20:26
Hot Stocks
Novartis granted orphan status for melanoma treatment »

The FDA granted Novartis…

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Credit Suisse
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03/06/13
Barclays

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  • 18

    Oct

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PG

Procter & Gamble

$80.31

-0.8628 (-1.06%)

, HON

Honeywell

$155.22

-2.73 (-1.73%)

20:25
10/18/18
10/18
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

PG

Procter & Gamble

$80.31

-0.8628 (-1.06%)

HON

Honeywell

$155.22

-2.73 (-1.73%)

SLB

Schlumberger

$58.43

-0.81 (-1.37%)

VFC

VF Corp.

$87.07

-2.22 (-2.49%)

STT

State Street

$79.62

-2.5 (-3.04%)

STI

SunTrust

$61.46

-0.94 (-1.51%)

SYF

Synchrony

$29.63

-0.45 (-1.50%)

CFG

Citizens Financial

$34.92

-0.96 (-2.68%)

KSU

Kansas City Southern

$102.68

-1.31 (-1.26%)

IPG

Interpublic Group

$22.48

0.28 (1.26%)

EEFT

Euronet

$112.64

-2.96 (-2.56%)

MAN

Manpower

$78.38

-1.09 (-1.37%)

GNTX

Gentex

$18.62

-0.32 (-1.69%)

CLF

Cleveland-Cliffs

$11.47

-0.37 (-3.13%)

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CP

Canadian Pacific

$199.27

-6.68 (-3.24%)

20:24
10/18/18
10/18
20:24
10/18/18
20:24
Upgrade
Canadian Pacific rating change at National Bank »

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  • 18

    Oct

DWDP

DowDuPont

$58.60

-0.98 (-1.64%)

19:57
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10/18
19:57
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19:57
Hot Stocks
DowDuPont clarifies the charge is the result of previously reported conditions »

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VLP

Valero Energy Partners

$39.94

0.5 (1.27%)

19:35
10/18/18
10/18
19:35
10/18/18
19:35
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Valero Energy Partners rating change at RBC Capital »

Valero Energy Partners…

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  • 25

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IVZ

Invesco

$21.26

0.32 (1.53%)

19:33
10/18/18
10/18
19:33
10/18/18
19:33
Downgrade
Invesco rating change at Credit Suisse »

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  • 18

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LOGC

LogicBio Therapeutics

$0.00

(0.00%)

19:31
10/18/18
10/18
19:31
10/18/18
19:31
Syndicate
LogicBio Therapeutics 7M share IPO priced at $10.00 »

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  • 19

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MDSO

Medidata

$70.91

1.54 (2.22%)

19:07
10/18/18
10/18
19:07
10/18/18
19:07
Recommendations
Medidata analyst commentary at JPMorgan »

Medidata price target…

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  • 18

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TSLA

Tesla

$263.85

-8.09 (-2.97%)

18:58
10/18/18
10/18
18:58
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18:58
Periodicals
Tesla rolls out new Model 3 with 'mid-range' battery pack, Electrek reports »

Tesla today is rolling…

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  • 29

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SKX

Skechers

$26.05

-0.64 (-2.40%)

, PYPL

PayPal

$77.50

-2.61 (-3.26%)

18:51
10/18/18
10/18
18:51
10/18/18
18:51
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

SKX

Skechers

$26.05

-0.64 (-2.40%)

PYPL

PayPal

$77.50

-2.61 (-3.26%)

CE

Celanese

$97.01

-2.76 (-2.77%)

CP

Canadian Pacific

$199.27

-6.68 (-3.24%)

ISRG

Intuitive Surgical

$522.41

-20.44 (-3.77%)

AXP

American Express

$102.86

-1.53 (-1.47%)

ETFC

E-Trade

$48.89

-1.68 (-3.32%)

VLP

Valero Energy Partners

$39.94

0.5 (1.27%)

VLO

Valero

$103.31

-0.36 (-0.35%)

FBC

Flagstar Bancorp

$29.26

-0.33 (-1.12%)

OZK

Bank OZK

$34.85

-1.57 (-4.31%)

LLNW

Limelight Networks

$5.07

0.12 (2.42%)

TEAM

Atlassian

$81.96

-1.67 (-2.00%)

AIG

AIG

$48.62

-0.99 (-2.00%)

SREV

ServiceSource

$2.60

-0.08 (-2.99%)

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X

U.S. Steel

$27.91

-0.27 (-0.96%)

, AKS

AK Steel

$4.69

-0.115 (-2.39%)

18:47
10/18/18
10/18
18:47
10/18/18
18:47
Periodicals
U.S. requests WTO panel to examine metals tariffs retaliation, Reuters says »

The U.S. has asked the…

X

U.S. Steel

$27.91

-0.27 (-0.96%)

AKS

AK Steel

$4.69

-0.115 (-2.39%)

NUE

Nucor

$58.26

-0.85 (-1.44%)

STLD

Steel Dynamics

$41.32

0.77 (1.90%)

AA

Alcoa

$38.85

2.14 (5.83%)

CENX

Century Aluminum

$9.91

-0.23 (-2.27%)

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RLH

Red Lion Hotels

$12.62

-0.42 (-3.22%)

18:43
10/18/18
10/18
18:43
10/18/18
18:43
Hot Stocks
Red Lion Hotels CFO Douglas Ludwig resigns due to personal health reasons »

RLH Corporation announced…

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  • 15

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IDA

IDACORP

$96.78

0.035 (0.04%)

18:30
10/18/18
10/18
18:30
10/18/18
18:30
Hot Stocks
IDACORP declares quarterly dividend of 63c per share »

Director of IDACORP…

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KRYS

Krystal Biotech

$20.70

-0.59 (-2.77%)

18:08
10/18/18
10/18
18:08
10/18/18
18:08
Syndicate
Krystal Biotech 3M share Secondary priced at $20.00 per share »

Cowen, William Blair and…

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  • 18

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FBC

Flagstar Bancorp

$29.26

-0.33 (-1.12%)

, SVU

Supervalu

$32.49

0.02 (0.06%)

18:05
10/18/18
10/18
18:05
10/18/18
18:05
Hot Stocks
S&P announces changes to S&P SmallCap 600 index »

S&P Dow Jones Indices…

FBC

Flagstar Bancorp

$29.26

-0.33 (-1.12%)

SVU

Supervalu

$32.49

0.02 (0.06%)

UNFI

United Natural Foods

$26.94

0.2 (0.75%)

TTGT

TechTarget

$19.53

-0.35 (-1.76%)

PERY

Perry Ellis

$27.48

0.02 (0.07%)

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SXT

Sensient

$76.67

-1.15 (-1.48%)

18:02
10/18/18
10/18
18:02
10/18/18
18:02
Hot Stocks
Sensient raises quarterly dividend to 36c from 33c per share »

The cash dividend will be…

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  • 19

    Oct

DWDP

DowDuPont

$58.60

-0.98 (-1.64%)

18:02
10/18/18
10/18
18:02
10/18/18
18:02
Hot Stocks
DowDuPont says Sept. quarter results won't be impacted by $4.5B goodwill charge »

On October 18, 2018, E.…

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NOG

Northern Oil and Gas

$3.54

-0.13 (-3.54%)

17:55
10/18/18
10/18
17:55
10/18/18
17:55
Hot Stocks
Northern Oil and Gas sees Q4 production 58% greater than Q2 »

Liquidity has increased…

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  • 13

    Nov

SHPG

Shire

$176.90

-0.4 (-0.23%)

17:47
10/18/18
10/18
17:47
10/18/18
17:47
Hot Stocks
FDA advisory committee recommends Shire's Prucalopride for CIC »

Shire announced that the…

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  • 18

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    Dec

ACN

Accenture

$156.20

-2.76 (-1.74%)

, T

AT&T

$32.50

-0.06 (-0.18%)

17:37
10/18/18
10/18
17:37
10/18/18
17:37
Hot Stocks
CACI, IBM, Northrop Grumman and more compete for orders on $37.4B Army contract »

Accenture Federal…

ACN

Accenture

$156.20

-2.76 (-1.74%)

T

AT&T

$32.50

-0.06 (-0.18%)

CACI

CACI

$181.34

-2.07 (-1.13%)

HII

Huntington Ingalls

$233.27

0.15 (0.06%)

CMTL

Comtech

$32.05

-0.95 (-2.88%)

IBM

IBM

$130.52

-3.53 (-2.63%)

JEC

Jacobs Engineering

$73.01

-0.89 (-1.20%)

KFRC

Kforce

$35.15

-0.49 (-1.37%)

LLL

L3 Technologies

$218.17

-1.965 (-0.89%)

LDOS

Leidos

$66.72

-0.97 (-1.43%)

NOC

Northrop Grumman

$308.21

-1.04 (-0.34%)

RTN

Raytheon

$191.62

-1.48 (-0.77%)

KEYW

KEYW

$8.31

-0.27 (-3.15%)

VSEC

VSE Corp.

$30.75

-1.13 (-3.54%)

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    Mar

UBSFY

Ubisoft

$0.00

(0.00%)

, BBY

Best Buy

$72.63

-1.2 (-1.63%)

17:31
10/18/18
10/18
17:31
10/18/18
17:31
Periodicals
Certain boxes of new Ubisoft game from Best Buy didn't include game, Kotaku says »

A number of Best Buy…

UBSFY

Ubisoft

$0.00

(0.00%)

BBY

Best Buy

$72.63

-1.2 (-1.63%)

NTDOY

Nintendo

$0.00

(0.00%)

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  • 18

    Oct

AXP

American Express

$102.86

-1.53 (-1.47%)

17:28
10/18/18
10/18
17:28
10/18/18
17:28
Hot Stocks
American Express says revenue growth 'directly' linked to company decisions »

Says revenue growth has…

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  • 18

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