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FB

Facebook

$146.03

-8.59 (-5.56%)

, AAPL

Apple

$215.25

-7.69 (-3.45%)

06:10
10/25/18
10/25
06:10
10/25/18
06:10

Facebook confirms it's developing augmented reality glasses, TechCrunch reports

Facebook's (FB) head of augmented reality Ficus Kirkpatrick confirmed the company is developing AR glasses saying, ""We are building hardware products. We're going forward on this...We want to see those glasses come into reality, and I think we want to play our part in helping to bring them there," TechCrunch reports, citing Kirkpatrick. The glasses could give Facebook the opportunity to own a mainstream computing device on which its software could run after a decade of being beholden to smartphones controlled and taxed by Apple (AAPL) and Google (GOOG, GOOGL). Reference Link

FB

Facebook

$146.03

-8.59 (-5.56%)

AAPL

Apple

$215.25

-7.69 (-3.45%)

GOOG

Alphabet

$1,049.76

-57.24 (-5.17%)

GOOGL

Alphabet Class A

$1,056.00

-63 (-5.63%)

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FB Facebook
$146.03

-8.59 (-5.56%)

10/24/18
MACQ
10/24/18
NO CHANGE
Target $190
MACQ
Outperform
Facebook 'top pick' in Large Cap Internet, says Macquarie
Macquarie analyst Benjamin Schachter kept his Outperform rating and $190 price target on Facebook ahead of its Q3 earnings, saying the stock is his "top pick" in the U.S. Large-Cap Internet space with "compelling" risk-reward and likely better than expected usage trends. The analyst adds that the company's monthly active user metric will continue to grow and sees investors being reward if the management "chooses to highlight new metrics that focus on the overall properties and not just Facebook". Schachter also anticipates Facebook's expense guidance to "once again turn out to be conservative".
10/17/18
BARD
10/17/18
NO CHANGE
Target $195
BARD
Outperform
Facebook near-term risks embedded in shares, says Baird
Baird analyst Colin Sebastian expects Facebook's Q3 results to confirm slowing core growth amid reallocation of some spending to Instagram and potentially other sites. He believes the shares have embedded some downside risk to consensus estimates with out-year Street margin expectations likely to compress further. Sebastian is maintaining his Outperform rating and $195 price target on Facebook shares.
10/22/18
PIPR
10/22/18
NO CHANGE
Target $200
PIPR
Overweight
Teen survey shows Facebook weakness, Instagram strength, says Piper Jaffray
Piper Jaffray analyst Michael Olson says his firm's 36th semi-annual survey of 8,600 teens shows that Facebook's (FB) Instagram and Snap's (SNAP) Snapchat continue to dominate adoption and that core Facebook use is declining across age cohorts. Further, the data show that Instagram has overtaken Snapchat as the most-used platform by teen monthly active users, and continues to lead social platforms as a channel for brand communication, Olson tells investors in a research note. However, the survey results are mixed for Facebook as the company is best positioned in the mobile-native space, but needs to execute to ensure monetization is strong on new platforms, especially with increasing emphasis on Stories and Messaging, Olson contends. He maintains an Overweight rating on Facebook shares with a $200 price target.
10/23/18
KEYB
10/23/18
NO CHANGE
KEYB
KeyBanc expecting 'strong' results from Facebook, Alphabet in Q3
KeyBanc analyst Andy Hargreaves expects "strong" results from Facebook (FB)/Alphabet (GOOGL) in the Q3, with a likelihood for in line results from Twitter (TWTR) and Criteo (CRTO). The analyst says checks suggest advertiser demand for Facebook and Google properties remained strong in Q3 despite regulatory concerns. This is in contrast to generally weak sentiment across the space, he notes, which makes the risk/reward on Facebook, Alphabet, and Criteo positive.
AAPL Apple
$215.25

-7.69 (-3.45%)

10/24/18
CHLM
10/24/18
NO CHANGE
Target $20
CHLM
Buy
STMicroelectronics price target lowered to $20 from $28 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss lowered his price target for STMicroelectronics (STM) to $20 from $28 saying that while faring better than peers, itis seeing some weakness primarily in MCU's in China. The analyst notes that investors are likely to throw the "baby out with the bath water" after Texas Instruments (TXN) spoke about softness across the board. But contrary to Texas Instruments, STMicroelectronics is seeing substantial increase in content in Apple (AAPL) phones this year as well as continued increasing content in autos, he contends. Stoss reiterates a Buy rating on the shares.
10/24/18
OTRG
10/24/18
NO CHANGE
OTRG
Apple iPhones receiving mixed feedback from smartphone buyers, says OTR Global
Analysts at OTR Global noted that Apple's recently launched iPhones are seeing mixed feedback from leading smartphone buyers, reporting that 26 of 43 hardware buyers, product managers, heads of distribution and management directors polled expect lower Q4 volumes for the new models compared to iPhone 8/8 Plus and X in Q4 of last year. 20 of 44 sources see Apple's Q3 market share being down quarter-over-quarter, especially in China and Europe, OTR Global added.
10/22/18
STFL
10/22/18
UPGRADE
Target $29
STFL
Hold
Washington REIT upgraded to Hold from Sell at Stifel
Stifel analyst John Guinee upgraded Washington REIT (WRE) to Hold and raised his price target to $29 from $25. The analyst states the REIT could get some constructive news from Apple (AAPL) as it considers a 20K employee presence at the Center of Innovative Technology near Dulles Airport and also from Amazon (AMZN) as it looks for an additional 200K sqf of office space in the Dulles / Silver Line suburban market. Guinee further speculates that Crystal City market may ultimately be the location of Amazon's second headquarters.
10/24/18
BERN
10/24/18
NO CHANGE
BERN
Apple's revenue, EPS estimates raised at Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. is raising his Q4 and FY19 revenue and EPS estimates for Apple, largely due to richer ASP assumptions for iPhone and Watch. Overall, Sacconaghi forecasts Q4 iPhone ASPs of $800, versus consensus at $741, resulting in revenues of $63.3B versus consensus at $61.3B and EPS of $2.90 versus consensus at $2.77. For FY 19, he expects flattish iPhone unit growth and gross margins year over year, but expects notably higher iPhone ASPs, which leads his revenue and EPS estimates to be above consensus forecasts. That said, the analyst believes that iPhone unit growth is likely to be the critical metric for investors going forward, and sees the stock likely continuing to outperform if iPhone units can grow in FY 19, and the stock underperforming if units are down 3% or more.
GOOG Alphabet
$1,049.76

-57.24 (-5.17%)

10/17/18
WEDB
10/17/18
INITIATION
Target $1350
WEDB
Outperform
Wedbush starts 'ad king' Alphabet with Outperform, $1,350 price target
Wedbush analyst Michael Pachter initiated coverage of Alphabet (GOOGL) with an Outperform rating and $1,350 price target. In a research note titled "Long Live the Ad King," Pachter says he expects Google to "maintain positive ad momentum" even amidst pressure from Facebook (FB) and Amazon.com (AMZN). The analyst also thinks cost control efforts will drive better than expected Q3 results when Alphabet reports on October 25.
10/18/18
10/18/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) initiated with an Outperform at Wedbush. 2. BJ's Wholesale (BJ) initiated with a Perform at Oppenheimer. 3. Comcast (CMCSA) initiated with an Outperform at Evercore ISI. 4. Thomson Reuters (TRI) reinstated with a Neutral at Goldman Sachs. 5. Atomera (ATOM) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/23/18
DBAB
10/23/18
NO CHANGE
Target $1375
DBAB
Buy
Alphabet price target raised to $1,375 from $1,350 at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley raised his price target for Alphabet to $1,375 ahead of the company's Q3 results and keeps a Buy rating on the shares. A continued recovery at YouTube and strength in mobile should drive Google Sites revenue growth excluding currency to 22.9%, "only a hair slower" than Q2 on "slightly harder comps," Walmsley tells investors in a research note. The analyst sees Alphabet reporting "solid" results and he keeps a Buy rating on the shares.
GOOGL Alphabet Class A
$1,056.00

-63 (-5.63%)

10/19/18
FBCO
10/19/18
NO CHANGE
Target $1500
FBCO
Outperform
Alphabet price target raised to $1500 from $1375 at Credit Suisse
Credit Suisse analyst Stephen Ju reiterated an Outperform rating on Alphabet and raised his price target to $1,500 from $1,375 ahead of the company's Q3 results on October 25. Near term, Ju tells investors in a research note that advertiser checks suggest a positive ad budget and spend environment with only modest deceleration for search and ongoing YouTube acceleration. As for Google's proposal to comply with the EU's requirements for Android bundling, Ju does not anticipate a change from the status quo as he expects the majority of handset manufacturers to voluntarily bundle Google's apps versus electing to either lose market share or take on the cost of OS/app development.

TODAY'S FREE FLY STORIES

LOW

Lowe's

$108.61

-0.39 (-0.36%)

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Home Depot

$192.49

-0.04 (-0.02%)

10:31
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LOW

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HD

Home Depot

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AMZN

Amazon.com

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SHLD

Sears

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JCP

J.C. Penney

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TSLA

Tesla

$199.00

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, 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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MYL

Mylan

$19.26

-0.38 (-1.93%)

, TBPH

Theravance Biopharma

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Mylan

$19.26

-0.38 (-1.93%)

TBPH

Theravance Biopharma

$20.19

-0.44 (-2.13%)

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Conference/Events
Wolfe Research IT hardware analyst to hold an analyst/industry conference call »

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GOOS

Canada Goose

$47.69

-0.65 (-1.34%)

, OSW

OneSpaWorld

$13.55

0.05 (0.37%)

10:17
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10:17
Initiation
Fly Intel: Top five analyst initiations »

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GOOS

Canada Goose

$47.69

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OSW

OneSpaWorld

$13.55

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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
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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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03/06/13
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GD

General Dynamics

$169.82

3.43 (2.06%)

, TGT

Target

$71.62

0.74 (1.04%)

10:17
05/20/19
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Upgrade
Fly Intel: Top five analyst upgrades »

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GD

General Dynamics

$169.82

3.43 (2.06%)

TGT

Target

$71.62

0.74 (1.04%)

NPTN

NeoPhotonics

$3.99

0.16 (4.18%)

UAL

United Continental

$81.40

-0.12 (-0.15%)

JACK

Jack in the Box

$82.09

-0.13 (-0.16%)

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TRN

Trinity Industries

$20.78

-0.15 (-0.72%)

10:17
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Trinity Industries announces strategic railcar maintenance network expansion »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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10:15
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Conference/Events
Wolfe Research healthcare analyst to hold analyst/industry conference call »

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General news
Oil Action: WTI crude »

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U.S. corporate bond update: several issues are on the docket »

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FLIC

First Long Island

$22.31

(0.00%)

10:04
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First Long Island names Janet Verneuille EVP, CRO »

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MSC

Studio City

$17.00

(0.00%)

10:00
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Studio City falls -7.3% »

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BNED

Barnes & Noble Education

$3.40

-0.26 (-7.10%)

10:00
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Barnes & Noble Education falls -7.7% »

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KEYS

Keysight Technologies

$73.76

-8.12 (-9.92%)

10:00
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Hot Stocks
Keysight Technologies falls -9.8% »

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SMI

SMIC

$5.39

0.38 (7.58%)

10:00
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SMIC rises 7.6% »

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WBK

Westpac Banking

$18.98

1.63 (9.39%)

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Westpac Banking rises 9.2% »

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S

Sprint

$7.64

1.46 (23.64%)

10:00
05/20/19
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Hot Stocks
Sprint rises 23.5% »

Sprint is up 23.5%, or…

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BSX

Boston Scientific

$36.83

-0.49 (-1.31%)

09:55
05/20/19
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Conference/Events
Boston Scientific to host conference call »

Conference call to…

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UNM

Unum Group

$34.79

-0.01 (-0.03%)

09:55
05/20/19
05/20
09:55
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09:55
Conference/Events
Unum Group participates in a conference call with JPMorgan »

Life Insurance Analyst…

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RDY

Dr. Reddy's

$36.93

-2.38 (-6.05%)

09:47
05/20/19
05/20
09:47
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09:47
Hot Stocks
Dr. Reddy's falls -6.2% »

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