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GOOG

Alphabet

$1,110.93

31.43 (2.91%)

, GOOGL

Alphabet Class A

$1,120.99

29.62 (2.71%)

06:33
10/15/18
10/15
06:33
10/15/18
06:33

EU lawmaker proposes plan to rein in online marketplaces, Reuters reports

Danish center-left lawmaker Christel Schaldemose has introduced a proposal to the draft rules outlined by the European Commission to prevent unfair business practices among tech giants like Google (GOOG, GOOGL), Amazon (AMZN) and Apple (AAPL), that would establish Chinese walls between subsidiaries, Reuters reports, citing the proposal. "To ensure fairness, the provider of the online intermediation service should not be allowed to disclose the data generated by the transactions of a business user to third parties for commercial purposes, including within their own corporate structure, without the consent of the business user," the draft said. Reference Link

GOOG

Alphabet

$1,110.93

31.43 (2.91%)

GOOGL

Alphabet Class A

$1,120.99

29.62 (2.71%)

AMZN

Amazon.com

$1,788.63

69.51 (4.04%)

AAPL

Apple

$222.10

7.61 (3.55%)

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    Mar

GOOG Alphabet
$1,110.93

31.43 (2.91%)

10/12/18
OPCO
10/12/18
NO CHANGE
Target $265
OPCO
Outperform
Baidu price target cut to $265 from $295 at Oppenheimer
Oppenheimer analyst Jason Helfstein reiterated an Outperform rating on Baidu (BIDU) but cut his price target to $265 from $295 citing valuation, higher near-term investments, as well as the firm's recently-lowered price target for Ctrip (CTRP) and the recent downward movement of iQIYI (IQ) shares. In a research note to investors, Helfstein contends that investors' concern around macro/trade war and the risk of Google's (GOOG, GOOGL) re-entrance into China are "overstated," especially the Google piece, due to increased U.S. government scrutiny.
10/12/18
WEDB
10/12/18
UPGRADE
Target $6.5
WEDB
Outperform
Fitbit upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Fitbit (FIT) to Outperform from Neutral, citing the company's expansion into the healthcare/MedTech vertical. In a research note to investors, Pachter says Fitbit has captured a large share of both the smartwatch and fitness tracker markets, but its watches must compete with Apple's (AAPL) offering. He thinks Fitbit has an "excellent" opportunity ahead with MedTech, particularly in collaboration with Google (GOOG, GOOGL), and believes Fitbit may begin reporting meaningful contribution from MedTech as early as 2019. Pachter also notes that shares have recently pulled back well below his $6.50 price target, providing an opportunity to get involved in the Medtech vertical at a reasonable price.
10/10/18
BARD
10/10/18
NO CHANGE
Target $1380
BARD
Outperform
Alphabet Q3 earnings should spotlight TAC improvement, says Baird
Baird analyst Colin Sebastian said he remains constructive on Alphabet shares heading into Q3 results as the company benefits from generally stable trends in core search, ongoing mobile search, diversifying revenues, ramping contributions from cloud services and further easing of TAC growth concerns. Sebastian reiterated his Outperform rating and $1,380 price target on Alphabet shares.
10/10/18
JEFF
10/10/18
NO CHANGE
Target $1450
JEFF
Buy
Alphabet's Waymo the leader in autonomous vehicles, says Jefferies
After hosting an autonomous vehicle expert who recently worked at Waymo/Google X for two years, Jefferies analyst Brent Thill says the valuation of Google "remains compelling." While wide availability of autonomous vehicles is still far off, Waymo is in the lead, Thill tells investors in a research note. Further, the analyst sees "many ways" for Google to monetize the "long-dated Waymo call option." Thill points out that in October 2017, he "conservatively" valued Waymo at $75B-$125B. The analyst keeps a Buy rating on Google parent Alphabet with a $1,450 price target.
GOOGL Alphabet Class A
$1,120.99

29.62 (2.71%)

AMZN Amazon.com
$1,788.63

69.51 (4.04%)

10/08/18
FBCO
10/08/18
NO CHANGE
FBCO
Outperform
Global brand ranking validates Microsoft rebranding efforts, says Credit Suisse
Credit Suisse analyst Brad Zelnick notes that, among top global brands, Microsoft (MSFT) ranked fourth in global brand ranking with a brand value of $92.7B, superseded only by Amazon (AMZN), Google (GOOG; GOOGL) and Apple (AAPL). The analyst believes this validates Microsoft's rebranding efforts in the Satya era, distinguished by a more open and flexible approach to customers, rivals as well as application developers. Zelnick reiterates an Outperform rating on Microsoft shares.
10/08/18
FBCO
10/08/18
NO CHANGE
FBCO
Amazon adds fire to already-challenging retail cost inflation situation, says Credit Suisse
Credit Suisse analyst Michael Binetti says that Amazon's comments that it plans to lobby the government for higher minimum wages could be a catalyst for broad-based ongoing cost inflation across the U.S. retail industry. The analyst estimates that, on average, every $1 increase in wage rates could be a 30bp drag to EBIT margins and about 4%-5% drag to annualized EPS growth for U.S. retailers. The retailers with most wage-related EPS risk have a combo of low labor costs/wage rates, closest to regional minimums today and already low margins, he contends. Further, Binetti believes that Amazon's wage raise announcement timing could mean pressure to retailers' EPS guidance as early as Q4.
10/12/18
STFL
10/12/18
NO CHANGE
Target $200
STFL
Buy
Stifel replaces Alibaba with Amazon on Select List after target drop
Stifel analyst Scott Devitt removed Alibaba (BABA) from his firm's Select List and replaced it with Amazon.com (AMZN). The analyst cites an "increasingly uncertain" China macro environment and near-term optimism for Amazon for the change. He also updated his Alibaba model, which resulted in near-term revenue growth assumptions that are 300 basis points lower versus his prior forecast. However, despite the difficult China market backdrop, Devitt continues to view Alibaba as a core long-term holding. He lowered his price target for the shares to $200 from $220 while keeping a Buy rating on the name.
10/12/18
TIGR
10/12/18
NO CHANGE
TIGR
Amazon pullback a buying opportunity, says Tigress Financial
Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Amazon.com, citing the company's leveraging of its retail, e-commerce, and web hosting platforms to develop new business lines and penetrate new markets. The analyst believes there is significant upside in the stock and views the recent pullback as a buying opportunity.
AAPL Apple
$222.10

7.61 (3.55%)

10/11/18
JPMS
10/11/18
UPGRADE
Target $80
JPMS
Overweight
JPMorgan upgrades Lumentum to Overweight after 19% selloff
JPMorgan analyst Samik Chatterjee upgraded Lumentum to Overweight from Neutral with an unchanged price target of $80. The shares closed yesterday down 3%, or $1.68, to $55.58. The 19% stock decline from the highs in late August, driven by concerns relative to U.S.-China trade, over-appreciates the "modest risks" for Lumentum, Chatterjee tells investors in a research note. He believes this creates an "attractive buying opportunity" to capitalize on the near-term improvement in the earnings outlook The analyst sees an improved outlook for Lumentum's telecom business on 5G investment tailwinds as well as benefits to pricing and market share in the datacom business. Further he expects "strong growth" in 3D sensing revenues on wider adoption of facial recognition technology on Apple (AAPL) iPhones and androids.
10/10/18
BFIN
10/10/18
NO CHANGE
BFIN
BlueFin checks show Lumentum received increased orders from Apple
BlueFin analysts John Donovan and Steve Mullane say their firm's latest supply chain checks suggest "strong and stable" iPhone demand. While unit demand has not changed, the mix to higher storage models has increased, which should benefit Toshiba (TOSBF), Samsung (SSNLF), and Micron Technology (MU), Donovan and Mullane tell investors in a research note. Further, BlueFin's latest checks reveal Lumentum (LITE) has received increased orders recently while competitors II-VI (IIVI) and Finisar (FNSR) continue to focus on securing second-source positioning. The latest on the two latter companies is mixed, but overall "encouraging," the analysts contend. As far as the rumors that Apple is exploring internal VCSEL development, they believe this is "more of a negotiating tactic at this point." VCSEL demand "looks to be skyrocketing" and the frustration in developing a secure second-source has likely caused Apple to explore internal development, write Donovan and Mullane. They understand Apple has looked into fabs in Taiwan to see about VCSEL development but note the earliest this could materialize is 2020-2021. This is likely more of a "call to arms" by Apple for Finisar, II-VI, and Lumentum to increase production to meet the demand, "or else face the consequences."
10/09/18
10/09/18
DOWNGRADE

Neutral
Coherent downgraded to Neutral on OLED timing, industrial malaise at Longbow
As previously reported, Longbow analyst Joe Wittine downgraded Coherent (COHR) Neutral from Buy based upon a potentially elongating OLED investment cycle. Wittine views Apple's (AAPL) iPhone XR/LCD dynamic as partially responsible for this extension. Should advanced LCD devices prove to have a longer shelf life, the investment cycle will face extensions, he contends. The analyst also cited the weakening seen in his Q3 industrial laser survey confirmed by IPG Photonics' (IPGP) Q3 preannouncement last week.

TODAY'S FREE FLY STORIES

MKTX

MarketAxess

$340.76

-12.61 (-3.57%)

06:36
10/23/19
10/23
06:36
10/23/19
06:36
Hot Stocks
MarketAxess raises 2019 CapEx view to $31M-$33M from $25M-$30M »

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CAT

Caterpillar

$133.69

1.47 (1.11%)

06:36
10/23/19
10/23
06:36
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06:36
Hot Stocks
Caterpillar says decline in sales driven mainly by dealer inventory decrease »

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LTXB

LegacyTexas Financial

$44.04

0.22 (0.50%)

06:36
10/23/19
10/23
06:36
10/23/19
06:36
Earnings
LegacyTexas Financial reports Q3 EPS 90c, consensus 83c »

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ALXN

Alexion

$99.22

-1.38 (-1.37%)

06:35
10/23/19
10/23
06:35
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06:35
Hot Stocks
Alexion CEO says 'delivered another record performance' in Q3 »

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PB

Prosperity Bancshares

$71.60

0.33 (0.46%)

06:35
10/23/19
10/23
06:35
10/23/19
06:35
Hot Stocks
Prosperity Bancshares raises dividend by 12.2% to 46c per share »

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MKTX

MarketAxess

$340.76

-12.61 (-3.57%)

06:35
10/23/19
10/23
06:35
10/23/19
06:35
Earnings
MarketAxess reports Q3 EPS $1.42, consensus $1.39 »

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  • 23

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BSX

Boston Scientific

$38.21

-0.45 (-1.16%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Boston Scientific narrows FY19 adjusted EPS view to $1.55-$1.58 from $1.54-$1.58 »

Consensus is $1.56.…

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CAT

Caterpillar

$133.69

1.47 (1.11%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Caterpillar cuts FY19 EPS view to $10.90-$11.40 from 'low end' of $12.06-$13.06 »

Consensus $11.70. Both…

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PB

Prosperity Bancshares

$71.60

0.33 (0.46%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Prosperity Bancshares reports Q3 EPS $1.19, consensus $1.18 »

Reports Q3 book value per…

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  • 23

    Oct

HRI

Herc Holdings

$47.02

-0.295 (-0.62%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Hot Stocks
Breaking Hot Stocks news story on Herc Holdings »

Herc Holdings raises 2019…

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NOW

ServiceNow

$228.26

-12.315 (-5.12%)

06:33
10/23/19
10/23
06:33
10/23/19
06:33
Recommendations
ServiceNow analyst commentary  »

Macquarie a buyer of…

03/08/13
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BSX

Boston Scientific

$38.21

-0.45 (-1.16%)

06:33
10/23/19
10/23
06:33
10/23/19
06:33
Earnings
Boston Scientific sees Q4 adjusted EPS 42c-45c, consensus 44c »

Sees Q4 revenue growth,…

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HRI

Herc Holdings

$47.02

-0.295 (-0.62%)

06:33
10/23/19
10/23
06:33
10/23/19
06:33
Earnings
Herc Holdings reports Q3 adjusted EPS $1.48, consensus $1.63 »

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ALXN

Alexion

$99.22

-1.38 (-1.37%)

06:32
10/23/19
10/23
06:32
10/23/19
06:32
Earnings
Alexion raises FY19 adj. EPS view to $10.25-$10.40 from $9.65-$9.85 »

FY19 consensus $9.94.…

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CAT

Caterpillar

$133.69

1.47 (1.11%)

06:32
10/23/19
10/23
06:32
10/23/19
06:32
Earnings
Caterpillar reports Q3 EPS $2.66, consensus $2.88 »

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BSX

Boston Scientific

$38.21

-0.45 (-1.16%)

06:32
10/23/19
10/23
06:32
10/23/19
06:32
Earnings
Boston Scientific reports Q3 adjusted EPS 39c, consensus 38c »

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LLY

Eli Lilly

$110.00

2.06 (1.91%)

06:31
10/23/19
10/23
06:31
10/23/19
06:31
Earnings
Eli Lilly raises FY19 EPS view to $5.75-$5.85 from $5.67-$5.77, consensus $5.72 »

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LIN

Linde plc

$191.42

-3.605 (-1.85%)

06:30
10/23/19
10/23
06:30
10/23/19
06:30
Hot Stocks
Linde plc acquires minority stake in ITM Power, agrees to form JV »

Linde announced that it…

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  • 12

    Nov

ALXN

Alexion

$99.22

-1.38 (-1.37%)

06:30
10/23/19
10/23
06:30
10/23/19
06:30
Earnings
Alexion reports Q3 adjusted EPS $2.79, consensus $2.47 »

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  • 23

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CADE

Cadence Bancorp

$17.95

0.24 (1.36%)

06:30
10/23/19
10/23
06:30
10/23/19
06:30
Earnings
Cadence Bancorp reports Q3 EPS 34c, consensus 49c »

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  • 23

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  • 13

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PG

Procter & Gamble

06:29
10/23/19
10/23
06:29
10/23/19
06:29
Recommendations
Procter & Gamble analyst commentary  »

Procter & Gamble…

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NOW

ServiceNow

$228.26

-12.315 (-5.12%)

06:29
10/23/19
10/23
06:29
10/23/19
06:29
Recommendations
ServiceNow analyst commentary  »

ServiceNow stock price…

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LLY

Eli Lilly

$110.00

2.06 (1.91%)

06:29
10/23/19
10/23
06:29
10/23/19
06:29
Earnings
Eli Lilly reports Q3 EPS $1.48, consensus $1.40 »

Reports Q3 revenue…

03/08/13
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  • 23

    Oct

  • 28

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PZZA

Papa John's

$57.02

0.43 (0.76%)

06:28
10/23/19
10/23
06:28
10/23/19
06:28
Initiation
Papa John's initiated  »

Papa John's…

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TXN

Texas Instruments

$128.61

-2.32 (-1.77%)

06:25
10/23/19
10/23
06:25
10/23/19
06:25
Recommendations
Texas Instruments analyst commentary  »

Texas Instruments results…

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