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AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

, AAPL

Apple

$177.10

-8.7 (-4.68%)

08:50
11/21/18
11/21
08:50
11/21/18
08:50

Amazon working on getting Amazon Pay into physical stores, WSJ says

Amazon (AMZN) is working to convince brick-and-mortar merchants to accept its Amazon Pay digital wallet for payment in their stores, setting up a potential fight with Apple (AAPL), PayPal (PYPL) and others in the mobile-payments race, said The Wall Street Journal. Amazon is targeting gas stations, restaurants and other merchants that aren't direct competitors to start, noted the Journal, which added that retailers that view Amazon as a threat, such as Walmart (WMT), could resist the effort. Reference Link

AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

AAPL

Apple

$177.10

-8.7 (-4.68%)

PYPL

PayPal

$77.76

-2.4 (-2.99%)

WMT

Walmart

$94.21

-2.59 (-2.68%)

  • 26

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    Nov

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    Dec

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    Dec

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    Dec

AMZN Amazon.com
$1,495.60

-16.07 (-1.06%)

11/21/18
ARGS
11/21/18
NO CHANGE
Target $205
ARGS
Buy
AvalonBay price target raised to $205 from $196 at Argus
Argus analyst Jacob Kilstein raised his price target on AvalonBay (AVB) to $205 and kept his Buy rating, citing the company's better than expected Q3 earnings along with his diminishing concerns about housing oversupply in New York over the near term. The analyst specifically expects the company to benefit from Amazon.com (AMZN) selection of New York's Long Island City as a location of its new headquarters. Kilstein believes that the 5% decline in AvalonBay stock price since June of 2017 offers a favorable entry and contends that the headwinds of higher interest rates and oversupply in some area have been priced in.
11/21/18
OPCO
11/21/18
NO CHANGE
OPCO
AWS has long runway for future growth, says Oppenheimer
Oppenheimer analyst Timothy Horan says that Amazon Web Services (AMZN), AWS, continues to move up the stack improving Security, AI/ML, IoT, Database services and bundling in with infrastructure to maintain prices of legacy services. The analyst expects a number of new features and tools for Lambda, Aurora and Greengrass. He also sees Amazon discussing UC&C, gaming and blockchain. AWS kicked off its hybrid offering with its VMware (VMW) partnership and Kubernetes support, but it still lacks the full stack that Microsoft (MSFT) has for hybrid deployments-which are critical for enterprise customers that want to capture the benefits of the cloud while still maintaining on-premise datacenters for sensitive workloads, he contends. Overall, Horan believes demand remains strong, and thinks only about 25% of total enterprise workloads have moved to the cloud, which gives AWS a long runway for future growth.
11/21/18
11/21/18
UPGRADE
Target $65

Neutral
Best Buy upgraded to Neutral following quarterly results at Wedbush
As previously reported, Wedbush analyst Michael Pachter upgraded Best Buy (BBY) to Neutral from Underperform, with a $65 price target, saying it has consistently defied his expectations and the company appears to have settled on the right formula for long-term growth. The analyst applauds Best Buy for its many accomplishments, not least of which is achieving the difficult financial targets it has set for itself year after year. While Pachter stills harbor some concerns, including competition from Amazon (AMZN), he thinks Best Buy is poised to deliver on its promises in the coming years.
11/21/18
LEER
11/21/18
NO CHANGE
LEER
Humana-Walgreens strategic deal makes sense, takeout less likely, says Leerink
Following a media report saying that Humana (HUM) and Walgreens Boots Alliance (WBA) are in talks to take stakes in each other and possibly expand their retail clinic partnership inked on June 19, Leerink analyst Ana Gupte says she believes it makes strategic sense, though she believes an outright takeout is less likely given the multiple differential. As MCOs backward integrate into care delivery, the analyst believes a closer strategic alignment between the two companies can help Humana better compete with the likes of CVS (CVS)-Aetna (AET) and Optum-UnitedHealth (UNH) in the Medicare Advantage market while allowing Walgreens to further stave off e-commerce threats such as Amazon (AMZN), though Humana maintains its strategic investment focus on the home healthcare setting for Seniors.
AAPL Apple
$177.10

-8.7 (-4.68%)

11/20/18
GSCO
11/20/18
NO CHANGE
Target $182
GSCO
Neutral
Apple price target lowered to $182 from $209 at Goldman Sachs
Following The Wall Street Journal's report yesterday about Apple seeing lower demand than the company had initially expected for its new iPhones, Goldman Sachs analyst Rod Hall noted that it appears that in addition to weakness in China and other emerging markets it also looks like the price and features of the iPhone XR may not have been well-received by non-U.S. users. While he believes the company likely included this more negative scenario in its guidance, Hall sees "material risk" to Apple's March quarter guidance if current demand trends continue, he tells investors. He lowered his price target on the shares to $182 from $209 to reflect a multiple more toward the middle of the stock's three year range and keeps a Neutral rating on Apple.
11/15/18
11/15/18
UPGRADE
Target $55

Equal Weight
Qualcomm upgraded to Equal Weight after expectations reset at Morgan Stanley
As previously reported, Morgan Stanley analyst James Faucette upgraded Qualcomm (QCOM) to Equal Weight from Underweight as he thinks consensus estimates now imply a more realistic scenario for QCT margins and that lowered expectations on a resolution with Apple (AAPL) gives room for the stock to react positively should legal proceedings trigger a settlement. He believes the stock's underperformance suggests the market has "appropriately" lowered expectations, Faucette added. He maintains a $55 price target on Qualcomm shares.
11/15/18
MSCO
11/15/18
NO CHANGE
Target $253
MSCO
Overweight
Apple dip a buying opportunity amid supply chain 'noise,' says Morgan Stanley
Morgan Stanley analyst Katy Huberty called the 8.5% decline in Apple (AAPL) shares following Lumentum's (LITE) and Qorvo's (QRVO) negative pre-announcements this week a buying opportunity, noting that she is still bullish on the iPhone maker's Services growth. Services will "take the growth baton" from Devices as the smartphone market matures, contends Huberty. While she believes investors should focus on Services rather than iPhone units, Huberty also believes Apple's December quarter guidance incorporates the revisions made by Lumentum and Qorvo, adding that unit revisions are typically more severe for the supply chain than Apple given inventory fluctuations and the company's steps to ensure adequate supply early in a product launch. Huberty keeps an Overweight rating and $253 price target on Apple shares.
11/16/18
MSCO
11/16/18
DOWNGRADE
MSCO
Equal Weight
TSMC downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Charlie Chan downgraded TSMC (TSM) to Equal Weight from Overweight, stating that he is concerned that recent Apple (AAPL) iPhone supply chain order cuts "could be just the first wave" and weak orders from Apple "could be a new normal for TSMC" if next year's iPhone doesn't have attractive features. Chan, who doesn't think secular growth drivers are strong enough to differentiate the stock in a logic semi downcycle, lowered his price target on TSMC shares to NT$239 from NT$253.
PYPL PayPal
$77.76

-2.4 (-2.99%)

10/23/18
RHCO
10/23/18
NO CHANGE
Target $32
RHCO
Hold
eBay price target lowered to $32 from $38 at SunTrust
SunTrust analyst Youssel Squali lowered his price target on eBay (EBAY) to $32 and kept his Hold rating ahead of its Q3 earnings, saying his estimates are now below consensus in terms of the expected PayPal (PYPL) gross merchandise volume growth deceleration. The analyst adds that the mid-to-high end of the company's current FY18 guidance implies Marketplace GMV acceleration in the second half of 2018, which may be "hard to achieve", while also citing the findings of his "proprietary tracking of promotional cadence".
11/15/18
11/15/18
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. PayPal (PYPL) initiated with an Overweight at Barclays. 2. Albemarle (ALB) initiated with a Neutral at Buckingham. 3. Galapagos NV (GLPG) initiated with a Strong Buy at Raymond James. 4. Mogo Finance (MOGO) initiated with a Buy at B. Riley FBR. 5. Altice USA (ATUS) initiated with a Buy at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/18
LEHM
11/14/18
INITIATION
LEHM
Overweight
Barclays initiates coverage of U.S. payment processors with PayPal as top pick
As noted earlier, Barclays analyst Ramsey El-Assal initiated a group of 20 U.S. companies in the Payments, Processing, and related IT Services sector with Overweight-rated PayPal (PYPL) as his Top Pick. The analyst cites the company's "100% exposure to high-growth digital channels" along with its "clean balance sheet substantial cash position" that bring it a "strategic opportunity. El-Assal is also particularly positive on Overweight-rated WorldPay (WP) based on its strong growth potential from its exposure to "tech-enabled channels" and merger synergies, FirstData (FDC) based on the accelerating growth of its merchant channels, and Square (SQ)," whose Subscription & Services segment is blurring the lines between Payments and software". The analyst contends that the extent of being "tech-enabled" is a key differentiator in the Payments industry, assigning an Overweight rating to Alliance Data Systems (ADS), ADP (ADP), Cardtronics (CATM), Fidelity National (FIS), First Data (FDC), Fiserv (FISV), Fleetcor Technologies (FLT), Global Payments (GPN), Green Dot (GDOT), Mastercard (MA), Total System Services (TSS), Visa (V), and WEX Inc (WEX). El-Assal assigns Equal-weight ratings to EVO Payments (EVOP) and Paychex (PAYX), stating that while the companies are "solid performers" in the space, their valuation is seen as more balanced. The analyst rates MoneyGram (MGI) and Western Union (WU) at Underweight, saying that the former will struggle to re-ignite positive growth as the costs associated with regulatory scrutiny weigh on its profits and the latter will be challenged by "periodic pricing pressure eroding margins over a long period of time."
11/14/18
LEHM
11/14/18
INITIATION
Target $110
LEHM
Overweight
PayPal initiated with an Overweight at Barclays
Barclays analyst Ramsey El-Assal initiated PayPal with an Overweight and $110 price target.
WMT Walmart
$94.21

-2.59 (-2.68%)

11/20/18
DAIW
11/20/18
DOWNGRADE
DAIW
Neutral
Walmart downgraded to Neutral from Outperform at Daiwa
11/21/18
BMOC
11/21/18
NO CHANGE
Target $70
BMOC
Market Perform
Target price target lowered to $70 from $88 at BMO Capital
BMO Capital analyst Kelly Bania lowered her price target on Target (TGT) to $70 and kept her Market Perform rating after its Q3 results, saying that its gross margin performance and a lack of leverage on e-commerce sales are her "key" concerns for the stock. The analyst cites the digital fulfillment costs accelerating along with the company's secondary margin pressures that included additional inventory as factors impacting the quarter. Even though she sees some of these concerns being alleviated in Q4, Bania contends that the e-commerce leverage is the key difference supporting her preference for Walmart (WMT).
11/16/18
KEYB
11/16/18
INITIATION
Target $110
KEYB
Overweight
Target initiated with an Overweight at KeyBanc
KeyBanc analyst Edward Yruma initiated Target (TGT) with an Overweight rating and $110 price target. The analyst says Target's investments and improved execution are driving stronger comps, telling investors in a research note that he thinks this is sustainable in the current environment. Rather than viewing Target as a participant in the Amazon (AMZN) vs. Walmart (WMT) battle, Yruma thinks its unique mix of consumables and high-margin apparel/home decor leave it well-positioned to take share from at-risk retailers.
11/16/18
DBAB
11/16/18
NO CHANGE
Target $116
DBAB
Buy
Walmart price target raised to $116 from $112 at Deutsche Bank
Deutsche Bank analyst Paul Trussell raised his price target for Walmart to $116 citing the company's same-store-sales beat in Q3 an strength across international. The analyst keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

CVSI

CV Sciences

$0.00

(0.00%)

, CVS

CVS Health

$56.62

-0.78 (-1.36%)

10:55
03/22/19
03/22
10:55
03/22/19
10:55
Hot Stocks
CV Sciences strength attributed to reports of products seen at major retailers »

Shares of CV Sciences…

CVSI

CV Sciences

$0.00

(0.00%)

CVS

CVS Health

$56.62

-0.78 (-1.36%)

CURLF

Curaleaf Holdings

$0.00

(0.00%)

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NOK

Nokia

$5.77

-0.49 (-7.83%)

10:50
03/22/19
03/22
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10:50
Hot Stocks
Nokia says investigation 'not expected to have a material impact' »

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AES

AES Corp.

$18.28

-0.01 (-0.05%)

10:50
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10:50
Options
AES Corp attracts a put buyer as shares reach 52-week highs »

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ICE

IntercontinentalExchange

$72.88

-0.48 (-0.65%)

, MSFT

Microsoft

$118.88

-1.77 (-1.47%)

10:47
03/22/19
03/22
10:47
03/22/19
10:47
Periodicals
ICE's Bakkt crypto subsidary currently valued at around $740M, The Block reports »

Intercontinental…

ICE

IntercontinentalExchange

$72.88

-0.48 (-0.65%)

MSFT

Microsoft

$118.88

-1.77 (-1.47%)

SBUX

Starbucks

$72.09

-0.16 (-0.22%)

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

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CRZBY

Commerzbank

$0.00

(0.00%)

, DB

Deutsche Bank

$8.25

-0.185 (-2.19%)

10:45
03/22/19
03/22
10:45
03/22/19
10:45
Periodicals
Commerzbank CEO pledges quick decision on merger talks, Reuters says »

Commerzbank (CRZBY) CEO…

CRZBY

Commerzbank

$0.00

(0.00%)

DB

Deutsche Bank

$8.25

-0.185 (-2.19%)

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

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AMTD

TD Ameritrade

$50.00

-2.07 (-3.98%)

10:40
03/22/19
03/22
10:40
03/22/19
10:40
Options
TD Ameritrade attracts a put spread as shares extend losses »

TD Ameritrade attracts a…

03/08/13
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SO

Southern Company

$52.00

0.45 (0.87%)

10:38
03/22/19
03/22
10:38
03/22/19
10:38
Hot Stocks
Southern Company announces closing of $1.67B in loan guarantees for Vogtle units »

Southern Company…

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10:35
03/22/19
03/22
10:35
03/22/19
10:35
General news
reasury Action: yields plumbed lows »

Treasury Action: yields…

DISCB

Discovery Inc.

$31.55

(0.00%)

10:34
03/22/19
03/22
10:34
03/22/19
10:34
Hot Stocks
Breaking Hot Stocks news story on Discovery Inc. »

Discovery Communications…

03/08/13
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  • 02

    May

BMY

Bristol-Myers

$48.65

-0.27 (-0.55%)

, CELG

Celgene

$88.99

-0.63 (-0.70%)

10:33
03/22/19
03/22
10:33
03/22/19
10:33
Hot Stocks
Starboard is not short shares of Celgene, Smith says »

Starboard Value's…

BMY

Bristol-Myers

$48.65

-0.27 (-0.55%)

CELG

Celgene

$88.99

-0.63 (-0.70%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 27

    Jun

  • 03

    Sep

CELG

Celgene

$89.01

-0.61 (-0.68%)

, BMY

Bristol-Myers

$48.61

-0.31 (-0.63%)

10:32
03/22/19
03/22
10:32
03/22/19
10:32
Hot Stocks
Smith says Bristol-Myers bid values Celgene for 10 upcoming blockbusters »

Starboard Value's…

CELG

Celgene

$89.01

-0.61 (-0.68%)

BMY

Bristol-Myers

$48.61

-0.31 (-0.63%)

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

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    Sep

CELG

Celgene

$89.10

-0.52 (-0.58%)

, BMY

Bristol-Myers

$48.66

-0.26 (-0.53%)

10:30
03/22/19
03/22
10:30
03/22/19
10:30
Hot Stocks
Starboard's Smith says Bristol-Myers does not need to do any deal »

Starboard Value's…

CELG

Celgene

$89.10

-0.52 (-0.58%)

BMY

Bristol-Myers

$48.66

-0.26 (-0.53%)

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

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FITB

Fifth Third

$24.88

-0.55 (-2.16%)

10:30
03/22/19
03/22
10:30
03/22/19
10:30
Options
Heavy call volume in Fifth Third Bank »

Heavy call volume in…

03/08/13
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DISCB

Discovery Inc.

$31.55

(0.00%)

10:29
03/22/19
03/22
10:29
03/22/19
10:29
Hot Stocks
Breaking Hot Stocks news story on Discovery Inc. »

Discovery Communications…

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  • 02

    May

DHI

D.R. Horton

$40.93

0.4 (0.99%)

10:25
03/22/19
03/22
10:25
03/22/19
10:25
Options
D R Horton call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

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10:25
03/22/19
03/22
10:25
03/22/19
10:25
General news
U.S. Data Slate - Week of March 25: »

U.S. Data Slate - Week of…

TRCH

Torchlight Energy Resources

$1.64

0.01 (0.61%)

10:25
03/22/19
03/22
10:25
03/22/19
10:25
Conference/Events
Torchlight Energy Resources to hold a conference call »

Management holds a…

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  • 22

    Mar

INGN

Inogen

$92.59

-2.15 (-2.27%)

10:25
03/22/19
03/22
10:25
03/22/19
10:25
Conference/Events
Inogen participates in a conference call with JPMorgan »

Medical Supplies &…

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  • 22

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10:25
03/22/19
03/22
10:25
03/22/19
10:25
Conference/Events
Cowen Washington policy strategist to hold an analyst/industry conference call »

Washington Strategist…

LOV

Spark Networks

$12.78

1.49 (13.20%)

10:25
03/22/19
03/22
10:25
03/22/19
10:25
Conference/Events
Spark Networks to host conference call »

Conference call to…

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  • 22

    Mar

UTX

United Technologies

$125.73

-1.16 (-0.91%)

10:23
03/22/19
03/22
10:23
03/22/19
10:23
Hot Stocks
NORESCO announces $86.8M ESPC to enhance energy security for Navy Region Japan »

NORESCO is implementing…

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10:20
03/22/19
03/22
10:20
03/22/19
10:20
General news
FX Action: The dollar »

FX Action: The dollar was…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
03/22/19
03/22
10:17
03/22/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
03/22/19
03/22
10:16
03/22/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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10:15
03/22/19
03/22
10:15
03/22/19
10:15
General news
U.S. wholesale inventories rose 1.2% in January, with sales up 0.5% »

U.S. wholesale…

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