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AMZN

Amazon.com

$1,561.06

10.06 (0.65%)

, AAPL

Apple

$165.84

0.03 (0.02%)

11:49
12/19/18
12/19
11:49
12/19/18
11:49

Apple Music will be coming to more Alexa devices in future, Mashable says

Raymond Wong ,Mashable's senior tech correspondent, said in a tweet: "Amazon (AMZN) has confirmed to me @AppleMusic (AAPL) will be coming to other Alexa enabled devices in the future. When? Idk... but hopefully soon." Reference Link

AMZN

Amazon.com

$1,561.06

10.06 (0.65%)

AAPL

Apple

$165.84

0.03 (0.02%)

  • 19

    Dec

  • 20

    Dec

  • 04

    Jan

  • 07

    Jan

AMZN Amazon.com
$1,561.06

10.06 (0.65%)

12/19/18
UBSW
12/19/18
NO CHANGE
Target $2100
UBSW
Buy
Amazon Prime U.S. usage trends stable and growing, says UBS
UBS analyst Eric Sheridan said the firm's analysis of Amazon's Prime ecosystem in the U.S. is showing stable and growing usage trends. He said he still sees opportunity for Amazon Prime to grow its wallet share and to improve profitability. Sheridan reiterated his Buy rating and $2,100 price target on Amazon shares.
12/18/18
WBLR
12/18/18
NO CHANGE
WBLR
Amazon close to getting permit for more Kornit printers, says William Blair
William Blair analyst Brian Drab has learned that the Pennsylvania Department of Environmental Protection is close to issuing a permit to Amazon (AMZN) that would allow the company to expand textile printing capacity in its Norristown, Pennsylvania, facility by 50%. Specifically, the permit would allow Amazon to place a total of 72 textile printers in the facility, up from the limit of 48 associated with the original permit, Drab tells investors in a research note. The PDEP expects to issue the expansion permit by February 15, 2019, says the analyst, who originally broke the news regarding Amazon's application for this permit in August. Drab says the "timing and significance" of the permit gives him increased confidence in his 2019 forecast for Kornit Digital (KRNT). He believes the Norristown facility currently operates about 40 Kornit printers. As such, the permit creates the opportunity for the facility to take about 30 additional machines. Drab's 2019 forecast for Kornit's consolidated revenue includes the sale of 30 machines to Amazon. The permit also gives increased confidence in the long-term outlook for Kornit because it is affirmation that Amazon is committed to utilizing Kornit technology in its textile printing operations, says the analyst. He keeps an Outperform rating on Kornit Digital, which closed yesterday down 29c to $17.53.
12/12/18
COWN
12/12/18
NO CHANGE
Target $280
COWN
Outperform
FedEx margins likely to improve on y/y, q/q basis, says Cowen
Cowen analyst Helane Becker reiterated an Outperform rating and $280 price target on FedEx (FDX), telling investors in a research note that she believes margins will improve on a y/y and q/q basis, albeit at a moderately slower than expected pace. She lowered her 2Q19 earnings estimates to reflect higher purchase transportation costs and softer international pricing, but raised 2H19 estimates due to a strong peak and improving Express and Ground operations. She notes that investors are concerned Amazon (AMZN) will mitigate rising transportation costs by launching their own delivery network to compete with FedEx and its peers, but says that a new entrant will have to meaningfully ramp up its cost profile and forgo other investment opportunities to achieve the operating efficiencies of FedEx, UPS (UPS) and others.
12/12/18
LOOP
12/12/18
NO CHANGE
Target $88
LOOP
Buy
Best Buy 'undervalued' with 'favorable near-term prospects', says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $88 price target on Best Buy (BBY), saying his latest pricing study relative to Amazon.com (AMZN) shows that excluding two significantly higher priced items, the average item was priced only 0.4% higher. The analyst states that he is encouraged by the "competitive" pricing gap of Best Buy with just 2 weeks to go to Christmas and expects the stores to be the "go to" consumer electronics retailer for last-minute shoppers. Chukumba further contends that Best Buy shares are undervalued at 10.1-times his forward earnings, pointing to the company's "market leadership, favorable near-term prospects, track record of far exceeding consensus, and copious free cash flow generation".
AAPL Apple
$165.84

0.03 (0.02%)

12/19/18
JEFF
12/19/18
NO CHANGE
Target $225
JEFF
Buy
Jefferies says Apple iPhone business 'sufficient' to grow 'massive' Services biz
Jefferies analyst Timothy O'Shea noted that Apple (AAPL) plans to disclose its gross margin for the first time ever with its next earnings report and he believes the company intends to tell a "compelling" Services story, comparing the event to when Amazon (AMZN) first disclosed AWS margins in 2015. He estimates the company Services business has a 19% 5-year revenue CAGR with gross margin between 60-66%, which O'Shea notes is above the consensus margin estimate of 56%. While he lowered his FY19 iPhone unit sale forecast to 206M, which is below the 210M unit consensus, O'Shea added that he thinks Apple's iPhone business "still looks sufficient to build a massive, high margin, high multiple" Services business. He keeps a Buy rating on Apple shares, though O'Shea lowered his price target on the stock to $225 from $265.
12/17/18
12/17/18
DOWNGRADE
Target $50

Underperform
BofA/Merrill downgrades Best Buy to Underperform on industry slowdown concerns
As previously reported, BofA Merrill Lynch analyst Curtis Nagle downgraded Best Buy (BBY) to Underperform from Neutral, citing his caution about key product categories that include TVs, Apple (AAPL) products and gaming. Slowing industry growth, tough comparisons in key products and cost inflation will make upside less likely, contends Nagle, who has become more negative and now sees a higher possibility that Best Buy may see an "outright comp miss" in the fourth quarter. The analyst, who also believes consensus Street estimates for 2019/20 earnings are too high, lowered his price target on Best Buy shares to $50 from $70.
12/14/18
DADA
12/14/18
NO CHANGE
Target $280
DADA
Buy
Apple price target lowered to $280 from $290 at DA Davidson
DA Davidson analyst Tom Forte lowered his price target on Apple to $280 to reflect the decrease in his near-term projections for its financials based on the concerns around its lower-than-initially expected iPhone unit sales. The analyst keeps his Buy rating however, saying that the near-term challenges around Apple's operating performance is likely already priced into the stock after its 17.6% price decline since Q3 earnings. Forte also maintains his view that the higher iPhone average selling prices could produce an upside to his forecast in FY18, given that this year's least expensive new iPhone - XR - is still 7.5% more expensive than last year's iPhone 8 model.
12/13/18
12/13/18
NO CHANGE

Lynx questions credibility of report Apple developing own modems
Lynx Equity Strategies analyst Jahanara Nissar said, according to contacts, that she questions the credibility of The Information's article claiming that Apple (AAPL) is going to start a new project to design its own cellular modem chip, citing the commoditized nature of such modems and the expense of such a project. Intel (INTC) had previously displaced Qualcomm (QCOM) as the iPhone maker modem supplier due to Apple's ongoing dispute with the latter, The Fly has previously noted.

TODAY'S FREE FLY STORIES

ELY

Callaway Golf

$20.78

-0.01 (-0.05%)

14:52
10/21/19
10/21
14:52
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14:52
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Callaway Golf announces multi-year partnership with Stephen Curry »

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  • 24

    Oct

LII

Lennox

$249.37

-3.84 (-1.52%)

14:49
10/21/19
10/21
14:49
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14:49
Recommendations
Lennox analyst commentary  »

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AMTD

TD Ameritrade

$37.72

0.93 (2.53%)

14:49
10/21/19
10/21
14:49
10/21/19
14:49
Options
TD Ameritrade options imply 8.6% move in share price post-earnings »

Pre-earnings options…

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  • 22

    Oct

NFLX

Netflix

$275.83

0.43 (0.16%)

14:45
10/21/19
10/21
14:45
10/21/19
14:45
Periodicals
Netflix may begin crackdown on password sharing, NY Post says »

The NY Post's …

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  • 29

    Oct

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    Nov

BCE

BCE

$49.00

0.13 (0.27%)

, RCI

Rogers Communications

$50.41

0.68 (1.37%)

14:38
10/21/19
10/21
14:38
10/21/19
14:38
Periodicals
CIB considered public utility to compete with Bell, Rogers, Telus, Logic says »

The Canada Infrastructure…

BCE

BCE

$49.00

0.13 (0.27%)

RCI

Rogers Communications

$50.41

0.68 (1.37%)

TU

Telus

$36.64

0.31 (0.85%)

03/08/13
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  • 23

    Oct

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TER

Teradyne

$59.96

1.05 (1.78%)

14:35
10/21/19
10/21
14:35
10/21/19
14:35
Options
Teradyne put volume heavy and directionally bearish »

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  • 23

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    Oct

14:35
10/21/19
10/21
14:35
10/21/19
14:35
General news
Treasury Action: supply kicks off Tuesday with the $40 B 2-year auction »

Treasury Action: supply…

I

Intelsat

$25.44

-1.03 (-3.89%)

14:32
10/21/19
10/21
14:32
10/21/19
14:32
Hot Stocks
Eutelsat tells FCC payment to Treasury shouldn't be over 50%, Bloomberg says »

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  • 29

    Oct

BA

Boeing

$329.63

-14.46 (-4.20%)

14:27
10/21/19
10/21
14:27
10/21/19
14:27
Periodicals
EASA sees Boeing 737 MAX being cleared in January 'at earliest,' Reuters says »

The head of Europe's…

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  • 23

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/21/19
10/21
14:17
10/21/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/21/19
10/21
14:16
10/21/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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PTON

Peloton

$22.65

-0.79 (-3.37%)

14:08
10/21/19
10/21
14:08
10/21/19
14:08
On The Fly
Peloton's rough ride continues despite Buy ratings from most on Street »

Shares of Peloton (PTON)…

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ERJ

Embraer

$16.89

-0.13 (-0.76%)

14:05
10/21/19
10/21
14:05
10/21/19
14:05
Hot Stocks
Flexjet announces $1.4B jet order from Embraer »

Flexjet announced that it…

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  • 12

    Nov

HUYA

Huya

$22.02

0.555 (2.59%)

14:05
10/21/19
10/21
14:05
10/21/19
14:05
Options
HUYA call volume above normal and directionally bullish »

Bullish option flow…

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BB

BlackBerry

$5.21

0.125 (2.46%)

14:04
10/21/19
10/21
14:04
10/21/19
14:04
Hot Stocks
BlackBerry promotes McClurg to CISO, Hummel to CIO »

BlackBerry Limited has…

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  • 26

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BA

Boeing

$330.16

-13.93 (-4.05%)

14:03
10/21/19
10/21
14:03
10/21/19
14:03
Periodicals
Boeing CEO cites 'steady progress' on 737 MAX in internal email, Reuters says »

Boeing CEO Dennis…

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  • 23

    Oct

BA

Boeing

$330.72

-13.37 (-3.89%)

14:00
10/21/19
10/21
14:00
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14:00
Periodicals
EASA sees Boeing 737 MAX being cleared in January 'at earliest,' Reuters says »

The head of Europe's…

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  • 23

    Oct

TEVA

Teva

$7.75

0.25 (3.33%)

13:58
10/21/19
10/21
13:58
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13:58
Hot Stocks
Teva settles Ohio opioid cases, has framework in place to settle remaining cases »

Teva Pharmaceutical…

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  • 07

    Nov

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    Dec

F

Ford

$9.03

0.035 (0.39%)

13:58
10/21/19
10/21
13:58
10/21/19
13:58
Hot Stocks
Ford to spend more than self-driving commitment of $4B through 2023 »

Jim Farley, Ford's…

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  • 23

    Oct

TSCO

Tractor Supply

$92.65

-0.71 (-0.76%)

13:55
10/21/19
10/21
13:55
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13:55
Options
Tractor Supply put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 24

    Oct

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KSU

Kansas City Southern

$146.92

1.54 (1.06%)

13:51
10/21/19
10/21
13:51
10/21/19
13:51
Recommendations
Kansas City Southern analyst commentary  »

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  • 13

    Nov

KGJI

Kingold Jewelry

$0.56

-0.0212 (-3.62%)

13:48
10/21/19
10/21
13:48
10/21/19
13:48
Hot Stocks
Kingold Jewelry announces 1-for-6 reverse split of common stock »

Kingold Jewelry announced…

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AKAM

Akamai

$91.72

0.15 (0.16%)

13:35
10/21/19
10/21
13:35
10/21/19
13:35
Hot Stocks
Akamai says peak traffic on Akamai intelligent edge platform exceeds 100 Tbps »

Akamai announced that…

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  • 28

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VRTX

Vertex

$176.23

-0.01 (-0.01%)

13:29
10/21/19
10/21
13:29
10/21/19
13:29
Hot Stocks
Vertex says Spanish government approves national reimbursement of CF combos »

Vertex Pharmaceuticals…

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  • 19

    Mar

STRM

Streamline Health

$1.20

0.02 (1.69%)

, AGO

Assured Guaranty

$47.16

0.28 (0.60%)

13:19
10/21/19
10/21
13:19
10/21/19
13:19
On The Fly
Fly Insider: Streamline, Proofpoint among week's notable insider trades »

Welcome to "Fly Insider,"…

STRM

Streamline Health

$1.20

0.02 (1.69%)

AGO

Assured Guaranty

$47.16

0.28 (0.60%)

TAYD

Taylor Devices

$10.72

0.21 (2.00%)

CMCT

CIM Commercial Trust

$14.70

0.1 (0.68%)

ATNX

Athenex

$9.81

-0.39 (-3.82%)

OKTA

Okta

$101.00

2.32 (2.35%)

LRCX

Lam Research

$239.22

5.56 (2.38%)

FISV

Fiserv

$104.30

-1.41 (-1.33%)

PFPT

Proofpoint

$120.13

0.7 (0.59%)

ANET

Arista Networks

$245.27

5.57 (2.32%)

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