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AMZN

Amazon.com

$1,659.46

22.76 (1.39%)

12:08
11/13/18
11/13
12:08
11/13/18
12:08

Amazon.com HQ2 locations 'make perfect sense' to Loop Capital

Loop Capital analyst Anthony Chukumba, who has a Buy rating and $2,200 price target on Amazon shares, was not surprised by Amazon's decision to split HQ2 between New York City and Northern Virginia, saying it "made perfect sense." The analyst noted that Amazon is eligible to receive nearly $2.1B in combined tax credits and cash grants, which likely played an important role in their decision. He also noted that Amazon having a local headquarters in Norther Virginia "further cements Amazon as the frontrunner for the Department of Defense's $10B Joint Enterprise Defense Infrastructure cloud computing contract."

  • 14

    Nov

  • 28

    Nov

  • 04

    Dec

AMZN Amazon.com
$1,659.46

22.76 (1.39%)

11/13/18
BARD
11/13/18
NO CHANGE
BARD
Amazon selection of East Coast corridor for HQs makes sense, says Baird
Baird analyst Colin Sebastian noted that he'd predicted last October that Washington DC was "a slight favorite in the HQ2 sweepstakes," and he believes Amazon's (AMZN) selection of a second headquarters divided between Long Island City, NY and Arlington, Virginia "makes logical sense." He sees the primary motivation for the HQ split was talent availability, Sebastian added. The analyst maintains an Outperform rating and $2,100 price target on Amazon shares. Adding that "it did not receive the headlines of the HQ2 bidding process," Google (GOOGL) is said by the Wall Street Journal to be acquiring space for an additional 12-14K employees in New York, Sebastian also noted.
11/12/18
LBOW
11/12/18
NO CHANGE
LBOW
Neutral
Earnings commentary shows 'ample evidence' of hyperscale caution, says Longbow
Longbow analyst Joe Wittine said that Microsoft (MSFT) signaled along with its earnings report that growth in investments would moderate, Amazon (AMZN) highlighted a focus on driving data center efficiencies, Alphabet (GOOGL) is understood to be eh "the largest driver" of Seagate's (STX) lowered outlook and Apple (AAPL) expects FY19 capex of $14B, down from this year's $16.7B. Wittine sees all of this as "ample evidence of increased caution in the hyperscale investment cycle," which leads his to believe his Neutral ratings on both Seagate and Western Digital (WDC) remain appropriate.
11/12/18
BERN
11/12/18
NO CHANGE
BERN
Best Buy status as 'last man standing' not enough to support valuation, says Bernstein
Bernstein analyst Brandon Fletcher notes that news reports suggest that Amazon (AMZN) has made a deal for a larger and more first-party controlled top-tier brand assortments. The analyst suspects Amazon may be in line for a higher allocation on new products if the relationships deepen with top vendors. Best Buy (BBY) has lived on very large allocations of new products because some customers need some help in stores and some product makers need some help in promotion of new releases, he contends. With smartphone launches covered intensely by social media networks and traditional media, it was never clear to Fletcher how long that Best Buy would defend the promotional aspect, leaving it playing only a shrinking role of support for a subset of customers who still want some traditional retail Service. However, the analyst believes that group is aging out and Best Buy's protected status as the "last man standing" in electronics may not be enough to support the high valuations.
11/12/18
LOOP
11/12/18
NO CHANGE
Target $88
LOOP
Buy
Best Buy sell-off on Amazon's Apple distribution overdone, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $88 price target on Best Buy (BBY), calling the 7.4% drop in its stock price on Friday "overdone". The analyst points to the news of Amazon (AMZN) starting to offer a much wider variety of Apple (AAPL) products, but believes that the impact on Best Buy is unlikely to be material. Chukumba cites Amazon's plans to sell products at the same "Apple-mandated prices as Best Buy", adding that a fair amount of Amazon's sales of Apple products will "cannibalize Apple unauthorized sales that were previously taking place on its website".

TODAY'S FREE FLY STORIES

AVYA

Avaya

$17.58

-0.14 (-0.79%)

04:59
12/17/18
12/17
04:59
12/17/18
04:59
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Avaya initiated  »

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ARGX

Argenx

$102.30

-0.94 (-0.91%)

04:57
12/17/18
12/17
04:57
12/17/18
04:57
Initiation
Argenx initiated  »

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ORTX

Orchard Therapeutics

$15.00

-0.01 (-0.07%)

04:56
12/17/18
12/17
04:56
12/17/18
04:56
Upgrade
Orchard Therapeutics rating change  »

Orchard Therapeutics…

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SHW

Sherwin-Williams

$385.73

-0.075 (-0.02%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Upgrade
Sherwin-Williams rating change  »

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ACHN

Achillion

$3.12

0.035 (1.14%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Achillion to hold a conference call »

Dr. Stephen Zelenkofske,…

03/08/13
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  • 17

    Dec

MDP

Meredith

$53.26

-0.54 (-1.00%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Meredith management to meet with Stephens »

Meeting to be held in…

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03/06/13
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  • 17

    Dec

EQH

AXA Equitable

$16.87

-0.67 (-3.82%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
AXA Equitable to hold a conference call »

Investor Conference call…

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03/06/13
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  • 17

    Dec

AEYE

AudioEye

$6.99

-0.09 (-1.27%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
AudioEye management to meet with B. Riley FBR »

Meeting to be held in New…

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03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

TLRA

Telaria

$2.81

-0.02 (-0.71%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Telaria management to meet with Lake Street »

Meeting to be held in Los…

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03/06/13
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  • 17

    Dec

  • 18

    Dec

CSCO

Cisco

$45.80

-1.66 (-3.50%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
UBS to host a conference call with Cisco »

UBS IT Hardware Analyst…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

  • 10

    Jan

  • 04

    Mar

MGPI

MGP Ingredients

$56.54

0.05 (0.09%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
MGP Ingredients management to meet with Craig Hallum »

Meeting to be held in…

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03/06/13
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  • 17

    Dec

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
UBS retail/hardlines analyst to hold an analyst/industry conference call »

Retail/Hardlines Analyst…

EFX

Equifax

$97.19

0.07 (0.07%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Equifax to meet with investors »

Meetings to be held in…

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03/06/13
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  • 17

    Dec

  • 18

    Dec

04:55
12/17/18
12/17
04:55
12/17/18
04:55
General news
Housing Market Index to be reported at 10:00 »

December Housing Market…

04:55
12/17/18
12/17
04:55
12/17/18
04:55
General news
Breaking General news story  »

6-Month Bill Auction to…

VNDA

Vanda Pharmaceuticals

$26.26

0.11 (0.42%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Cantor Fitzgerald biotech analyst to hold an analyst/industry conference call »

Biotech Analyst Duncan,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

CSTM

Constellium

$7.71

-0.7 (-8.32%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Constellium management to meet with Morgan Stanley »

Meetings to be held in…

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  • 17

    Dec

  • 18

    Dec

EXC

Exelon

$47.07

0.11 (0.23%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Exelon management to meet with UBS »

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  • 17

    Dec

GNRC

Generac

$52.13

-1.39 (-2.60%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Generac management to meet with KeyBanc »

Meeting to be held in the…

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03/06/13
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  • 17

    Dec

IPGP

IPG Photonics

$117.95

-2.28 (-1.90%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
IPG Photonics management to meet with Needham »

Meeting to be held in…

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03/06/13
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  • 17

    Dec

04:55
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12/17
04:55
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04:55
General news
Empire State Mfg Survey General Business Conditions Index to be reported at 08:30 »

December Empire State Mfg…

04:55
12/17/18
12/17
04:55
12/17/18
04:55
General news
Breaking General news story  »

3-Month Bill Auction to…

LPSN

LivePerson

$19.21

-0.785 (-3.93%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
LivePerson management to meet with Needham »

Meetings to be held in…

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03/08/13
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03/06/13
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  • 17

    Dec

  • 18

    Dec

SMLR

Semler Scientific

$0.00

(0.00%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Semler Scientific management to meet with B. Riley FBR »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

  • 18

    Dec

  • 07

    Jan

LPTX

Leap Therapeutics

$2.92

0.07 (2.46%)

04:55
12/17/18
12/17
04:55
12/17/18
04:55
Conference/Events
Leap Therapeutics to hold a conference call »

Conference call to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

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