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GOOG

Alphabet

$1,046.07

9.07 (0.87%)

, GOOGL

Alphabet Class A

$1,055.82

10.81 (1.03%)

07:56
01/03/19
01/03
07:56
01/03/19
07:56

Alphabet upgraded to Buy from Hold at Canaccord

Canaccord analyst Michael Graham upgraded Alphabet (GOOG; GOOGL) to Buy from Hold. The analyst said revenue growth should continue in the 15-20% range for 2-3 years which coupled with abating margin pressure and share buybacks, should lead to over 15% earnings growth between 2020-2022. He also believes competitive risks from Amazon (AMZN) are manageable and considers the stock to be the most defensive of the FANG group given its steady performance and reasonable valuation. Graham raised his price target to $1,250 from $1,140 on Alphabet shares.

GOOG

Alphabet

$1,046.07

9.07 (0.87%)

GOOGL

Alphabet Class A

$1,055.82

10.81 (1.03%)

AMZN

Amazon.com

$1,539.18

35.18 (2.34%)

  • 04

    Jan

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    Jan

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    Jan

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    Feb

  • 25

    Feb

  • 03

    Mar

GOOG Alphabet
$1,046.07

9.07 (0.87%)

12/26/18
BARD
12/26/18
NO CHANGE
BARD
Baird names Amazon, Alphabet among best internet stocks to own for rebound
Baird analyst Colin Sebastian pointed out in a note to investors before the open that the number of searches on Google for the term "recession" has more than doubled since October, hitting a recent peak in early December. However, he thinks it is reasonable to consider a more optimistic outcome, namely a rebound, and looked back at the past four market "corrections" to see which stocks in large-cap internet fared. In each of the six-month periods he analyzed, Activision (ATVI), Facebook (FB) and Alphabet (GOOGL) traded higher with the lowest standard deviations in the group, Sebastian noted, adding that he thinks lingering overhangs on Facebook shares could dampen its recovery this time around. Amazon (AMZN) was the best overall performer, while eBay (EBAY) was the laggard, each with higher standard deviations, Sebastian added. Overall, he named Activision, Alphabet and Amazon as his "AAA" best bets in a rebound scenario.
12/21/18
RBCM
12/21/18
NO CHANGE
Target $1400
RBCM
Outperform
Google's growth in hardware has significant strategic benefits, says RBC Capital
RBC Capital analyst Mark Mahaney said that while Google "remains overwhelmingly" an advertising revenue company, it also has made hardware development and innovation a bigger strategic and engineering focus over the past few years. The result has been a relatively impressive slate of products and he believes the growing hardware segment has also generated significant strategic benefits, including increased ad monetization opportunities and a platform to develop and deploy AI advancements, Mahaney tells investors. Following his hardware deep dive, he reiterates an Outperform rating and $1,400 price target on shares of Google parent Alphabet.
12/21/18
BTIG
12/21/18
DOWNGRADE
BTIG
Neutral
TrueCar downgraded to Neutral from Buy at BTIG
BTIG analyst Marvin Fong downgraded TrueCar (TRUE) to Neutral saying factors outside of the company's control have "increased the degree of difficulty" for 2019. Google's (GOOGL, GOOG) recent algorithm change continues to weigh on TrueCar's traffic, Fong tells investors in a research note. His tracking indicates the company's organic search traffic was down month-over-month in November with some recovery in December but still down significantly year-over-year. Another external factor is the deteriorating new car environment, says the analyst.
12/06/18
12/06/18
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. LG Display (LPL) initiated with a Buy at Citi. 2. Twitter (TWTR) and Alphabet (GOOG, GOOGL) were initiated with a Buy at Guggenheim, while Snap (SNAP) and Facebook (FB) were initiated with a Neutral. 3. Apache (APA) initiated with an Overweight at Stephens. 4. CorMedix (CRMD) initiated with a Buy at Roth Capital. 5. Protagonist Therapeutics (PTGX) initiated with a Buy at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOGL Alphabet Class A
$1,055.82

10.81 (1.03%)

01/03/19
ADAM
01/03/19
UPGRADE
ADAM
Buy
Alphabet Class A upgraded to Buy from Hold at Canaccord
AMZN Amazon.com
$1,539.18

35.18 (2.34%)

01/02/19
DADA
01/02/19
NO CHANGE
Target $2450
DADA
Buy
DA Davidson sees potential for Amazon to add gas stations to its physical stores
DA Davidson analyst Tom Forte kept his Buy rating and $2,450 price target on Amazon.com (AMZN), saying he is positive on the recent Wall Street Journal speculation that the company plans to open additional Whole Foods stores to support its delivery efforts. The analyst adds that he sees further potential for Amazon to "add gas stations to its physical store portfolio as another means for it to advance" its cashier-less retail strategy, boosting its sales similarly to Costco (COST), where 10% of the top line comes from gas.
01/02/19
LOOP
01/02/19
NO CHANGE
Target $12
LOOP
Hold
Loop Capital says Bed Bath Beyond, Amazon price gap widens to historical levels
Loop Capital analyst Anthony Chukumba kept his Hold rating and $12 price target on Bed Bath & Beyond (BBBY), saying his periodic pricing study demonstrated that the gap between the company and Amazon.com (AMZN) has widened back to its "historical level". The analyst sees this as a likely negative for the former, but also notes that that discounting has been a challenge in maintaining its gross margins. Chukumba maintains his forecasts on Bed Bath results ahead of next week's earnings, adding that while its stock trades at a discount to historical average levels, the 6.5-times expected forward earnings multiple is "in line" with other "secularly challenged specialty hardlines retailers."
12/28/18
BARD
12/28/18
NO CHANGE
Target $2100
BARD
Outperform
Baird sees near-term disruption for Amazon from India's new regulations
The Indian government earlier this week announced changes to its foreign direct investment regulations for e-commerce, Baird analyst Colin Sebastian tells investors in a research note. The analyst believes these will at least temporarily slow the growth for Amazon.com (AMZN), Flipkart, which is majority owned by Walmart (WMT), and other foreign-owned marketplaces. However, after speaking with multiple contacts in the India e-commerce industry, Sebastian also believes that these platforms, over time, will adapt, limiting the long-term risk to their leading market positions. For Amazon, the analyst expects some near-term operational challenges as the company unwinds its stakes in some larger sellers, pursues additional sources of product listings, and ends exclusive deals and aggressive product discounting. He believes India will remain a focus for Amazon and keeps an Outperform rating on the shares with a $2,100 price target.
12/27/18
DADA
12/27/18
NO CHANGE
Target $2450
DADA
Buy
Amazon.com's retail business 'remains vibrant', says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $2,450 price target on Amazon.com, saying the company has been able to "deliver" this holiday season with a "record breaking holiday season" and an "all-time high for orders." The analyst notes that while the focus for the stock has been on cloud computing, the company's "retail business remains vibrant and continues to reach new milestones". Forte is also positive on the "strength and growth of Prime, with tens of millions of new users added and one billion orders shipped."

TODAY'S FREE FLY STORIES

CLDR

Cloudera

$9.39

0.46 (5.15%)

12:55
11/20/19
11/20
12:55
11/20/19
12:55
Options
Cloudera put volume heavy and directionally bearish »

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FCAU

Fiat Chrysler

$15.13

-0.46 (-2.95%)

, GM

General Motors

$35.52

-0.87 (-2.39%)

12:53
11/20/19
11/20
12:53
11/20/19
12:53
Periodicals
UAW comments to Bloomberg on GM lawsuit, says confident contracts not affected »

The United Auto Workers…

FCAU

Fiat Chrysler

$15.13

-0.46 (-2.95%)

GM

General Motors

$35.52

-0.87 (-2.39%)

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FB

Facebook

$198.35

-1 (-0.50%)

, TWTR

Twitter

$29.31

-0.14 (-0.48%)

12:48
11/20/19
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12:48
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On The Fly
#SocialStocks: F8 conference announced, BI says Tik Tok outperforms Instagram »

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FB

Facebook

$198.35

-1 (-0.50%)

TWTR

Twitter

$29.31

-0.14 (-0.48%)

EROS

Eros International

$2.28

0.03 (1.33%)

GOOG

Alphabet

$1,307.23

-7.48 (-0.57%)

GOOGL

Alphabet Class A

$1,305.97

-6.62 (-0.50%)

03/08/13
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TGT

Target

$124.35

13.49 (12.17%)

, LOW

Lowe's

$117.75

4.34 (3.83%)

12:45
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On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have slumped a bit…

TGT

Target

$124.35

13.49 (12.17%)

LOW

Lowe's

$117.75

4.34 (3.83%)

GM

General Motors

$35.58

-0.81 (-2.23%)

FCAU

Fiat Chrysler

$15.18

-0.405 (-2.60%)

KNSA

Kiniksa

$8.68

1.7 (24.36%)

I

Intelsat

$7.06

0.98 (16.12%)

URBN

Urban Outfitters

$24.75

-3.98 (-13.85%)

PDD

Pinduoduo

$31.76

-8.95 (-21.98%)

03/08/13
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    Dec

CGC

Canopy Growth

$17.67

2.35 (15.34%)

12:45
11/20/19
11/20
12:45
11/20/19
12:45
Options
Canopy Growth call volume above normal and directionally bullish »

Bullish option flow…

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ARQL

ArQule

$8.73

0.28 (3.31%)

, SNSS

Sunesis

$0.41

0.0022 (0.54%)

12:42
11/20/19
11/20
12:42
11/20/19
12:42
Conference/Events
Cantor Fitzgerald biotech analysts to hold analyst/industry conference call »

Biotech Analysts Kumar…

ARQL

ArQule

$8.73

0.28 (3.31%)

SNSS

Sunesis

$0.41

0.0022 (0.54%)

LLY

Eli Lilly

$114.70

-0.43 (-0.37%)

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

FB

Facebook

$198.38

-0.97 (-0.49%)

12:39
11/20/19
11/20
12:39
11/20/19
12:39
Hot Stocks
Facebook shares updates for 'brand safety' tools to give advertisers control »

In a statement on its…

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  • 26

    Nov

ALNY

Alnylam

$105.23

7.24 (7.39%)

12:37
11/20/19
11/20
12:37
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12:37
Hot Stocks
FDA approves Alnylam's Givlaari for acute hepatic porphyria »

The Food and Drug…

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03/06/13
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03/06/13
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  • 07

    Dec

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    Feb

TDC

Teradata

$27.39

0.5 (1.86%)

12:37
11/20/19
11/20
12:37
11/20/19
12:37
Hot Stocks
Teradata says not for sale after filing drives speculation »

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EADSY

Airbus

$0.00

(0.00%)

, UTX

United Technologies

$147.58

-0.87 (-0.59%)

12:35
11/20/19
11/20
12:35
11/20/19
12:35
Hot Stocks
Pratt & Whitney GTF engines selected by GoAir to power 72 A320neo aircraft »

Pratt & Whitney, a…

EADSY

Airbus

$0.00

(0.00%)

UTX

United Technologies

$147.58

-0.87 (-0.59%)

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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  • 10

    Dec

TDC

Teradata

$27.51

0.62 (2.31%)

12:33
11/20/19
11/20
12:33
11/20/19
12:33
Hot Stocks
Teradata says 'unequivocally not exploring a sale' »

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GOOG

Alphabet

$1,308.50

-6.21 (-0.47%)

, GOOGL

Alphabet Class A

$1,306.60

-5.99 (-0.46%)

12:27
11/20/19
11/20
12:27
11/20/19
12:27
On The Fly
Game On: An exclusive talk with The Game Kitchen's Enrique Colinet »

In this week's edition of…

GOOG

Alphabet

$1,308.50

-6.21 (-0.47%)

GOOGL

Alphabet Class A

$1,306.60

-5.99 (-0.46%)

MSFT

Microsoft

$150.10

0.26 (0.17%)

SNE

Sony

$61.60

-0.28 (-0.45%)

NTDOY

Nintendo

$0.00

(0.00%)

ATVI

Activision Blizzard

$54.07

0.79 (1.48%)

EA

Electronic Arts

$98.77

2.22 (2.30%)

TTWO

Take-Two

$123.84

0.24 (0.19%)

TCEHY

Tencent

$0.00

(0.00%)

UBSFY

Ubisoft

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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FCAU

Fiat Chrysler

$15.48

-0.105 (-0.67%)

, GM

General Motors

$35.66

-0.73 (-2.01%)

12:26
11/20/19
11/20
12:26
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12:26
Hot Stocks
Fiat Chrysler falls after GM alleges UAW bribes in new lawsuit »

General Motors (GM) filed…

FCAU

Fiat Chrysler

$15.48

-0.105 (-0.67%)

GM

General Motors

$35.66

-0.73 (-2.01%)

03/08/13
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03/06/13
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RUN

Sunrun

$13.74

-0.33 (-2.35%)

12:25
11/20/19
11/20
12:25
11/20/19
12:25
Options
Sunrun call volume above normal and directionally bullish »

Bullish option flow…

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  • 04

    Dec

VRTX

Vertex

$215.06

0.06 (0.03%)

12:24
11/20/19
11/20
12:24
11/20/19
12:24
Recommendations
Vertex analyst commentary  »

Piper Jaffray reiterates…

03/08/13
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  • 19

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/20/19
11/20
12:17
11/20/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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DRRX

Durect

$1.88

0.015 (0.80%)

12:16
11/20/19
11/20
12:16
11/20/19
12:16
Recommendations
Durect analyst commentary  »

H.C. Wainwright sees…

03/08/13
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03/06/13
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  • 16

    Jan

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
11/20/19
11/20
12:16
11/20/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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BTI

British American Tobacco

$38.59

1.355 (3.64%)

, MO

Altria Group

$48.62

1.675 (3.57%)

12:15
11/20/19
11/20
12:15
11/20/19
12:15
Periodicals
FDA shelves plan to require sharp cut in nicotine in cigarettes, Bloomberg says »

The Department of Health…

BTI

British American Tobacco

$38.59

1.355 (3.64%)

MO

Altria Group

$48.62

1.675 (3.57%)

PM

Philip Morris

$84.89

1.44 (1.73%)

IMBBY

Imperial Brands

$0.00

(0.00%)

03/08/13
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03/06/13
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  • 30

    Jan

GM

General Motors

$35.72

-0.67 (-1.84%)

, FCAU

Fiat Chrysler

$15.49

-0.095 (-0.61%)

12:14
11/20/19
11/20
12:14
11/20/19
12:14
Periodicals
GM sues Fiat Chrysler over UAW bribe claims, AP reports »

General Motors (GM) is…

GM

General Motors

$35.72

-0.67 (-1.84%)

FCAU

Fiat Chrysler

$15.49

-0.095 (-0.61%)

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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ARAV

Aravive

$11.82

5.13 (76.68%)

12:11
11/20/19
11/20
12:11
11/20/19
12:11
Recommendations
Aravive analyst commentary  »

Aravive price target…

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  • 20

    Nov

LK

Luckin Coffee

$26.78

-0.49 (-1.80%)

12:05
11/20/19
11/20
12:05
11/20/19
12:05
Options
Luckin Coffee call volume above normal and directionally bullish »

Bullish option flow…

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  • 20

    Nov

  • 21

    Nov

FCX

Freeport McMoRan

$11.32

0.035 (0.31%)

11:55
11/20/19
11/20
11:55
11/20/19
11:55
Options
Freeport McMoRan put volume heavy and directionally bearish »

Bearish flow noted in…

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03/06/13
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03/06/13
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11:55
11/20/19
11/20
11:55
11/20/19
11:55
Conference/Events
William Blair SaaS analyst to hold a luncheon meeting »

SaaS Analyst Pfau holds a…

NEWT

Newtek Business Services

$23.09

-0.06 (-0.26%)

11:54
11/20/19
11/20
11:54
11/20/19
11:54
Hot Stocks
Newtek Business Services acquires majority stake in POS on Cloud »

Newtek Business Services…

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