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SFTBF

SoftBank

$0.00

(0.00%)

18:38
11/13/18
11/13
18:38
11/13/18
18:38

SoftBank invests additional $3B in WeWork, NY Times reports

WeWork said that SoftBank has committed an additional $3B at a valuation of at least $42B, the New York Times reports. That valuation is more than twice the $20B level that WeWork attained in its last fund-raising round over a year ago, the report says. Reference Link

SFTBF SoftBank
$0.00

(0.00%)

05/31/18
05/31/18
UPGRADE
Target $50

Outperform
General Motors upgraded to Outperform after SoftBank investment at Evercore ISI
As previously reported, Evercore ISI analyst George Galliers upgraded General Motors (GM) to Outperform from In Line after SoftBank's (SFTBF) Vision Fund agreed to invest in the company's Cruise autonomous driving unit in a deal that values the unit at $11.5B. Galliers said he had been assigning no value to the Cruise assets before the announcement. Under his new sum-of-the-parts valuation, Galliers applies a 6.0x multiple on GM's core, attributes a value of about $8 per share for the Cruise assets and about 60c per share for GM's stake in Lyft before applying a 25% discount to both of the latter. He raised his price target on GM shares to $50 from $47.
06/06/18
MSCO
06/06/18
NO CHANGE
MSCO
Morgan Stanley says Softbank stake in Cruise significant 'far beyond' just GM
Morgan Stanley analyst Adam Jonas said Softbank's (SFTBF) recently announced investment in GM Cruise "carries significance far beyond" General Motors (GM), arguing that the increasingly conspicuous involvement of "outside validators" such as large-cap tech firms and prominent investors can accelerate perception change in the capital markets about "Auto 2.0." He envisions the possible formation of two different companies currently held under one automaker's roof, which he dubs an Auto 2.0 "Yieldco" and an Auto 2.0 "Growthco." Converting car owners into monthly subscribers could open up significant revenue, profit, and value opportunities for traditional automakers, argues Jonas in a note to investors. Other automaking "OEMs" include Ford (F), Daimler (DDAIF), Toyota (TM), Honda (HMC), Fiat Chrysler (FCAU) and BMW Group (BAMXY).
07/10/18
RBCM
07/10/18
NO CHANGE
Target $53
RBCM
Outperform
General Motors price target raised to $53 at RBC Capital
RBC Capital analyst Joseph Spak kept his Outperform rating on General Motors (GM) and nudged his price target to $53 from $52, saying the recent $2.25B investment by Softbank (SFTBF) adds validation to the company's GM Cruise robo-taxi offering plans. Aside from the validation, Spak notes that the investment "provides capital to reach scale commercialization, affords GM capital allocation flexibility, and unlocks GM share price value as Cruise around $7 per share."
09/07/18
OPCO
09/07/18
NO CHANGE
Target $275
OPCO
Outperform
Palo Alto Networks price target raised to $275 from $235 at Oppenheimer
Oppenheimer analyst Shaul Eyal maintained an Outperform rating on Palo Alto Networks (PANW) and raised his price target to $275 from $235 following the company's "robust" Q4 results, noting that the results "beat almost every possible metric." In a research note to investors, Eyal says that the CEO transition appears to be progressing smoothly and he "appreciated" constructive conference call commentary from CEO Nikesh Arora about his strategic vision, even though he is only 90 days into the new role. Eyal contends that Palo Alto Networks remains a "builder rather than a buyer," and that Arora's former experience -- at Google (GOOGL) and SoftBank (SFTBF) -- should not be interpreted as a sign of "future splashy acquisitions."

TODAY'S FREE FLY STORIES

F

Ford

$9.41

-0.17 (-1.77%)

08:22
04/26/19
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08:22
Periodicals
DOJ opens criminal investigation into Ford, Reuters reports »

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ZFGN

Zafgen

$2.55

0.17 (7.14%)

08:22
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Initiation
Zafgen initiated  »

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

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DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

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Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$194.95

-4.58 (-2.30%)

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Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$78.85

-0.03 (-0.04%)

08:19
04/26/19
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Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$67.07

-0.23 (-0.34%)

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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$119.70

-0.65 (-0.54%)

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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$56.60

-0.73 (-1.27%)

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S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$58.03

0.245 (0.42%)

08:18
04/26/19
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Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$56.47

-0.36 (-0.63%)

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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$88.19

0.97 (1.11%)

08:18
04/26/19
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Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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IWM

iShares Trust Russell 2000 Index Fund

$156.75

-1.27 (-0.80%)

08:18
04/26/19
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Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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GT

Goodyear Tire

$19.56

-0.54 (-2.69%)

08:17
04/26/19
04/26
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08:17
Hot Stocks
Goodyear Tire CEO says 'we gained momentum in the U.S. during the quarter' »

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DIA

Diamonds Fund ETF

$264.58

-1.32 (-0.50%)

08:17
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Technical Analysis
Diamonds Fund ETF: Pivot points »

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SPY

SPDR S&P 500 ETF Trust

$292.12

-0.1 (-0.03%)

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Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

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MRCY

Mercury Systems

$72.52

-0.53 (-0.73%)

08:17
04/26/19
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Recommendations
Mercury Systems analyst commentary at Canaccord »

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XLF

Financial Select Sector

$27.46

0.07 (0.26%)

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Technical Analysis
Financial Select Sector: Pivot points »

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GT

Goodyear Tire

$19.56

-0.54 (-2.69%)

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Hot Stocks
Goodyear Tire reports Q1 tire unit volumes totaled 38M, down 3% y/y »

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WCN

Waste Connections

$91.18

1.895 (2.12%)

08:17
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Recommendations
Waste Connections analyst commentary at BMO Capital »

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SMH

Market Vectors Semiconductor

$117.30

-2.22 (-1.86%)

08:16
04/26/19
04/26
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Technical Analysis
Market Vectors Semiconductor: Pivot points »

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QQQ

Invesco QQQ Trust

$190.42

0.74 (0.39%)

08:16
04/26/19
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Technical Analysis
Invesco QQQ Trust: Pivot points »

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$COMP

Nasdaq Composite

$0.00

(0.00%)

08:16
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Technical Analysis
Nasdaq Composite: Pivot points »

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AMZN

Amazon.com

$1,902.53

1.81 (0.10%)

08:16
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Recommendations
Amazon.com analyst commentary at Morgan Stanley »

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