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INTC

Intel

$47.23

2.74 (6.16%)

, AMZN

Amazon.com

$1,574.55

74.98 (5.00%)

04:55
01/06/19
01/06
04:55
01/06/19
04:55

American Economic Association to hold annual meeting

2019 Annual Meeting will be held in Atlanta, GA on January 4-6.

INTC

Intel

$47.23

2.74 (6.16%)

AMZN

Amazon.com

$1,574.55

74.98 (5.00%)

INFO

IHS Markit

$48.81

2.28 (4.90%)

SNE

Sony

$49.28

2.38 (5.07%)

  • 06

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    Mar

INTC Intel
$47.23

2.74 (6.16%)

01/04/19
01/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Buy from Neutral at BofA/Merrill with analyst Vivek Arya saying the stock provides attractive exposure to growth trends in cloud computing, AI, advanced autos and 5G. 2. Netflix (NFLX) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Heath Terry saying with the stock down 36% since record highs in July, Netflix represents one of the best risk/reward propositions in the Internet sector. 3. Shutterfly (SFLY) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying valuation is "compelling" despite concerns about the promotional environment that have materialized. 4. Honeywell (HON) upgraded to Outperform from Sector Perform at RBC Capital with analyst Deane Dray saying the company looks to be benefiting from the re-rating that follows the Garrett/Resideo spins. 5. Etsy (ETSY) upgraded to Buy from Neutral at Goldman Sachs with analyst Heath Terry saying consensus estimates remain too low for 2019 as the company optimizes the incremental growth investments made possible by the take rate increase instituted in July 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/19
01/04/19
DOWNGRADE

Neutral
BofA downgrades TI, Analog Devices, Maxim Integrated in semi ratings shake-up
As previously reported, BofA Merrill Lynch analyst Vivek Arya downgraded Texas Instruments (TXN), Analog Devices (ADI) and Maxim Integrated (MXIM), all to Neutral from Buy, stating that despite their solid execution and attractive free cash flow yields he sees limited multiple expansion until global growth starts to recover. Arya, who also upgraded Intel (INTC) to Buy this morning, forecasts total semiconductor industry sales to decelerate in 2019 and still expects enterprise, data center and parts of networking infrastructure to perform better than cyclical sectors such as industrial, automotive and smartphones. In addition to cutting his estimates for all three downgraded stocks, he lowered his price target on TI shares to $105 from $117, cut his target on Analog Devices to $96 from $112 and trimmed his target on Maxim to $57 from $58.
01/04/19
01/04/19
UPGRADE
Target $60

Buy
BofA/Merrill prefers cloud and 5G exposure in semis, upgrades Intel to Buy
As previously reported, BofA Merrill Lynch analyst Vivek Arya upgraded Intel (INTC) to Buy from Neutral, stating that the stock provides attractive exposure to growth trends in cloud computing, AI, advanced autos and 5G. He forecasts total semiconductor industry sales to decelerate to down 3% year-over-year in 2019 and still expects enterprise, data center and parts of networking infrastructure to perform better than cyclical sectors such as industrial, automotive and smartphones, Arya tells investors. Risks, such as AMD (AMD) share loss, 7nm product delays, and tougher PC/data center comps, do exist, but now appear to be reflected in Intel shares, the analyst added. He raised his price target on Intel shares to $60 from $52.
01/04/19
BOFA
01/04/19
UPGRADE
BOFA
Buy
Intel upgraded to Buy from Neutral at BofA/Merrill
AMZN Amazon.com
$1,574.55

74.98 (5.00%)

01/03/19
PIPR
01/03/19
NO CHANGE
Target $2050
PIPR
Overweight
Piper CIO survey shows increased mindshare for Amazon Web Services
Piper Jaffray analyst Michael Olson says his firm's survey of 110 chief investment officers indicates mindshare for Amazon Web Services (AMZN) increased from last year. The mindshare increase occurred in the midst of Microsoft's (MSFT) Azure gaining significant traction, Olson tells investors in a research note. He believes Piper's 2019 CIO survey shows that Amazon remains a leading public cloud offering and will continue to compete with Azure for mindshare. 38% of CIOs indicated AWS is their preferred cloud vendor, up from 36% in 2018 and 26% in 2017, says Olson. He keeps an Overweight rating on Amazon shares with a $2,050 price target.
01/03/19
SPHN
01/03/19
INITIATION
SPHN
Equal Weight
Five9 initiated with an Equal Weight at Stephens
Stephens analyst Dmitry Netis started Five9 with an Equal Weight rating and $48 price target. The analyst sees a balanced risk/reward due to the stock's rich valuation and concerns around an increasingly competitive environment with aggressive new entrants like Twilio (TWLO) and Amazon (AMZN), and potentially Vonage (VG).
01/04/19
GSCO
01/04/19
NO CHANGE
Target $2000
GSCO
Conviction Buy
Amazon.com price target lowered to $2,000 from $2,200 at Goldman Sachs
Goldman Sachs analyst Heath Terry lowered his price target for Amazon.com shares to $2,000 from $2,200 while keeping a Conviction Buy rating on the name. The analyst's estimates are essentially unchanged on average as he updated his model for changes in currency.
01/03/19
ADAM
01/03/19
UPGRADE
Target $1250
ADAM
Buy
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.
INFO IHS Markit
$48.81

2.28 (4.90%)

10/11/18
LEHM
10/11/18
INITIATION
Target $60
LEHM
Overweight
IHS Markit reinstated with an Overweight at Barclays
Barclays analyst Manav Patnaik reinstated coverage of IHS Markit with an Overweight rating and $60 price target following the acquisition of Ipreo. The analyst, who admits that he still struggles to understand the industrial logic behind IHS and Markit's merger of equals back in 2016, says investors have been presented with a diversified "Info" conglomerate that will more often than not produce 5%-7% organic growth, margin expansion and low double-digit earnings growth. He thinks IHS Markit's "ability to compound" in the medium term can continue to win investor support.
12/18/18
BOFA
12/18/18
NO CHANGE
BOFA
Cigna, IHS Markit added to US 1 List, Humana removed at BofA/Merrill
12/07/18
FBCO
12/07/18
INITIATION
Target $65
FBCO
Outperform
IHS Markit initiated with an Outperform at Credit Suisse
Target $65.
10/23/18
BOFA
10/23/18
INITIATION
Target $63
BOFA
Buy
IHS Markit reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Gary Bisbee reinstated coverage on IHS Markit with a Buy and $63 price target saying the company has solid momentum and is trading at a discount to peers. Bisbee expects earnings momentum to be driven by rising auto product growth, energy markets rebound, merger synergies, recent product development investments, and operating efficiency initiatives and called IHS Markit a best idea in the Business and Information Services sector.
SNE Sony
$49.28

2.38 (5.07%)

10/22/18
MSCO
10/22/18
NO CHANGE
MSCO
Morgan Stanley says publishers in 'win-win' situation as consoles move to cloud
Morgan Stanley analyst Brian Nowak sees changes coming to the $53B global console gaming market as the business model transitions toward subscription pricing and cloud delivery. The transition will lead to 2% CAGR console gaming revenue growth from 2017-2025, but gross profit growth accelerating to 6%, Nowak estimates. He believes game publishers such as Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO) will likely need to partner and bundle content to drive material consumer adoption, but he sees them being in a "win-win" position, because even if the console makers or other aggregators drive the cloud transition, the leading publishers can still benefit from expansion in the player base, Nowak tells investors. While console players Microsoft (MSFT) and Sony (SNE) have the most at risk from these changes, they are also positioned best to build and grow game subscription services, Nowak added.
11/30/18
SBSH
11/30/18
UPGRADE
SBSH
Buy
Sony upgraded to Buy from Neutral at Citi
Citi analyst Kota Ezawa upgraded Sony to Buy with an increased price target of 9,000 yen.
11/30/18
11/30/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UDR, Inc. (UDR) upgraded to Buy from Hold at Jefferies with analyst Omotayo Okusanya saying the company's above average net operating income growth and development pipeline position it to be one of the best funds from operations growth stories in 2019. 2. Under Armour (UAA) upgraded to Market Perform from Underperform at Wells Fargo with analyst Tom Nikic saying after two-plus years of "choppy operating performance," the worst is now over for Under Armour. 3. WWE (WWE) upgraded to Overweight from Neutral at JPMorgan with analyst David Karnovsky saying shares are off 26% from peak levels reached at the end of September and now trade at 14.5 times estimated 2020 adjusted OIBDA. 4. Volaris (VLRS) upgraded to Hold from Reduce at HSBC. 5. Sony (SNE) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/18
CHLM
12/06/18
INITIATION
Target $5
CHLM
Buy
Telaria initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Jason Kreyer started coverage of Telaria (TLRA) with a Buy rating and $5 price target. The analyst notes that the company's partnerships with over-the-top streaming providers such as Hulu, Sling (DISH), Sony's (SNE) VUE, Fox (FOXA), A&E, and FuboTV generated about 20% of total revenue last year and he projects it will grow to nearly 60% by 2020. As consumers continue to pivot toward over-the-top subscriptions, Telaria benefits from its agnostic platform that partners with a variety of publishers to monetize video ad content, Kreyer contends.

TODAY'S FREE FLY STORIES

LION

Fidelity Southern

$28.41

-0.16 (-0.56%)

12:48
01/17/19
01/17
12:48
01/17/19
12:48
Earnings
Fidelity Southern reports Q4 EPS 36c, consensus 33c »

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BMY

Bristol-Myers

$49.50

0.37 (0.75%)

12:45
01/17/19
01/17
12:45
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12:45
Options
Bristol Myers Squibb call volume above normal and directionally bullish »

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12:45
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01/17
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12:45
General news
Treasury's $13 B 10-year TIPS preview: the auction may suffer »

Treasury's $13 B…

FOSL

Fossil

$17.50

0.09 (0.52%)

, GOOG

Alphabet

$1,080.85

0.63 (0.06%)

12:44
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01/17
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12:44
Hot Stocks
Breaking Hot Stocks news story on Fossil, Alphabet, Alphabet Class A »

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FOSL

Fossil

$17.50

0.09 (0.52%)

GOOG

Alphabet

$1,080.85

0.63 (0.06%)

GOOGL

Alphabet Class A

$1,090.00

1.17 (0.11%)

03/08/13
Wedge Partners
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RTN

Raytheon

$161.77

2.4 (1.51%)

12:32
01/17/19
01/17
12:32
01/17/19
12:32
Hot Stocks
Raytheon awarded $434M contract modification for SPY-6 AIM-9X tactical missiles »

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GOOG

Alphabet

$1,079.92

-0.3 (-0.03%)

, FOSL

Fossil

$17.50

0.09 (0.52%)

12:31
01/17/19
01/17
12:31
01/17/19
12:31
Hot Stocks
Fossil to sell select smartwatch technology to Google for $40M »

Fossil Group (FOSL)…

GOOG

Alphabet

$1,079.92

-0.3 (-0.03%)

FOSL

Fossil

$17.50

0.09 (0.52%)

GOOGL

Alphabet Class A

$1,089.70

0.87 (0.08%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 24

    Jan

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    Feb

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    Feb

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    Feb

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    Mar

JPM

JPMorgan

$102.54

0.06 (0.06%)

12:30
01/17/19
01/17
12:30
01/17/19
12:30
Options
Call butterfly in JP Morgan is similar to one in Wells Fargo »

Call butterfly in JP…

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    Feb

PHG

Philips

$35.40

(0.00%)

12:29
01/17/19
01/17
12:29
01/17/19
12:29
Periodicals
Philips to shutter U.K. factory as Brexit concerns intensify, Bloomberg says »

Royal Philips intends 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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LMFA

LM Funding

$2.19

0.765 (53.87%)

12:27
01/17/19
01/17
12:27
01/17/19
12:27
Hot Stocks
LM Funding spikes 53% after completing IIU acquisition, sees accretion in 2019 »

Earlier on Thursday, LM…

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NWSA

News Corp.

$12.42

0.03 (0.24%)

12:25
01/17/19
01/17
12:25
01/17/19
12:25
Upgrade
News Corp. rating change  »

News Corp. upgraded 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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FDC

First Data

$22.17

0.9 (4.23%)

12:25
01/17/19
01/17
12:25
01/17/19
12:25
Options
First Data call volume above normal and directionally bullish »

Bullish option flow…

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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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  • 03

    Mar

BLK

BlackRock

$410.20

-2.65 (-0.64%)

12:25
01/17/19
01/17
12:25
01/17/19
12:25
Periodicals
BlackRock CEO calls on business leaders to tackle social issues, FT says »

BlackRock CEO Larry Fink…

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03/06/13
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  • 23

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    Jan

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    Feb

MS

Morgan Stanley

$42.66

-1.82 (-4.09%)

, AAPL

Apple

$154.13

-0.75 (-0.48%)

12:22
01/17/19
01/17
12:22
01/17/19
12:22
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks opened in negative…

MS

Morgan Stanley

$42.66

-1.82 (-4.09%)

AAPL

Apple

$154.13

-0.75 (-0.48%)

JNJ

Johnson & Johnson

$128.65

0.65 (0.51%)

SHLD

Sears

$0.00

(0.00%)

SBNY

Signature Bank

$120.40

7.98 (7.10%)

MTB

M&T Bank

$161.77

7.32 (4.74%)

SIG

Signet Jewelers

$25.63

-7.745 (-23.21%)

WDC

Western Digital

$35.97

-1.83 (-4.84%)

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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LPCN

Lipocine

$2.24

0.65 (40.88%)

12:17
01/17/19
01/17
12:17
01/17/19
12:17
Recommendations
Lipocine analyst commentary  »

Ladenburg reiterates Buy…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
01/17/19
01/17
12:17
01/17/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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LMB

Limbach Holding

$5.00

(0.00%)

12:16
01/17/19
01/17
12:16
01/17/19
12:16
Hot Stocks
Limbach awarded contracts totaling $81.4M for hospital construction »

Limbach Holdings provided…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
01/17/19
01/17
12:16
01/17/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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LPCN

Lipocine

$2.27

0.68 (42.77%)

12:12
01/17/19
01/17
12:12
01/17/19
12:12
Periodicals
Lipocine NASH data contain plenty of 'red flags,' STAT's Feuerstein writes »

This morning's…

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CVE

Cenovus Energy

$7.79

-0.19 (-2.38%)

12:10
01/17/19
01/17
12:10
01/17/19
12:10
Options
Second day of call buying in Cenovus Energy continues as shares slump »

Second day of call buying…

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SQ

Square

$68.79

2.9 (4.40%)

12:04
01/17/19
01/17
12:04
01/17/19
12:04
Hot Stocks
Square launches free debit card for business, with sellers access to funds »

Square announced the…

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    Mar

ALBO

Albireo Pharma

$24.54

0.08 (0.33%)

12:03
01/17/19
01/17
12:03
01/17/19
12:03
Hot Stocks
Albireo Pharma treatment of biliary atresia granted FDA orphan status »

Albireo Pharma's…

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GPOR

Gulfport Energy

$8.67

-0.23 (-2.58%)

12:02
01/17/19
01/17
12:02
01/17/19
12:02
Hot Stocks
Gulfport Energy confirms receipt of Firefly letter »

Gulfport Energy…

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UNFI

United Natural Foods

$13.09

-2.32 (-15.06%)

12:00
01/17/19
01/17
12:00
01/17/19
12:00
Hot Stocks
United Natural Foods falls -15.1% »

United Natural Foods is…

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ESTE

Earthstone Energy

$5.28

-1.49 (-22.01%)

12:00
01/17/19
01/17
12:00
01/17/19
12:00
Hot Stocks
Earthstone Energy falls -21.9% »

Earthstone Energy is down…

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SIG

Signet Jewelers

$25.49

-7.885 (-23.63%)

12:00
01/17/19
01/17
12:00
01/17/19
12:00
Hot Stocks
Signet Jewelers falls -23.6% »

Signet Jewelers is down…

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