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AAPL

Apple

$150.77

2.95 (2.00%)

, KKR

KKR

$21.14

0.44 (2.13%)

06:27
01/09/19
01/09
06:27
01/09/19
06:27

'Fornite' grossed more than $455M in 2018 on Apple App Store, Sensor Tower says

Epic Games ended 2018 on an extremely high note - "thanks in no small part to the role the mobile version of its mega-hit Fortnite played in its banner year," according to analytics firm Sensor Tower. The game arrived on iOS with a bang in March, raking in more than $10 million from players, and grew that to nearly $69 million in December, its best month yet according to Sensor Tower's Store Intelligence estimates. December's revenue marked a month-over-month increase of 83 percent compared to November and was 16 percent higher than its previous best month of July when the game grossed an estimated $59.3 million. All told, the game grossed more than $455 million during 2018 on Apple's (AAPL) App Store, on top of the revenue it took in on Android after its publisher opted to make an end run around Google Play. On average, players spent about $1.6 million per day in the game between launch and December 31. New installs of Fortnite on iOS last month were also way up over November, climbing 59 percent month-over-month to more than 5.2 million. With December's figures, Fortnite has reached 82.6 million all-time downloads on Apple's platform. Epic's investors include Tencent (TCEHY), KKR (KKR), and Disney (DIS). Reference Link

AAPL

Apple

$150.77

2.95 (2.00%)

KKR

KKR

$21.14

0.44 (2.13%)

TCEHY

Tencent

$0.00

(0.00%)

DIS

Disney

$111.42

0.865 (0.78%)

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    Feb

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    Feb

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    Mar

AAPL Apple
$150.77

2.95 (2.00%)

01/07/19
OPCO
01/07/19
DOWNGRADE
OPCO
Perform
Skyworks downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Rick Schafer downgraded Skyworks Solutions (SWKS) to Perform and removed his prior $110 price target. The stock closed Friday up $2.91 to $63.63. The analyst reduced his estimates for the company and group to reflect the current "semiconductor correction" as well as "continued negative" smartphone news. Particular concern is Apple's (AAPL) recent 8% sales miss, blamed on the iPhone and China, Schafer tells investors in a research note. Apple is Skyworks' largest customer at ~40% of sales, adds the analyst. Schafer sees a balanced risk/reward for Skyworks shares amid a "challenged growth environment" for the company and handset component peers.
01/07/19
UBSW
01/07/19
NO CHANGE
Target $180
UBSW
Buy
Apple miss a combination of share loss and general market weakness, says UBS
UBS analyst Timothy Arcuri analyzed the Apple miss announced last week in an attempt to determine whether the miss was due to the company losing market share or general handset market weakness in China. His analysis suggests it is a combination of both, concluding iPhone demand appears to have fallen precipitously but also the China market is clearly soft. The analyst believes a trade deal could help, but China issues could linger. Arcuri maintained his Buy rating and $180 price target on Apple shares.
01/08/19
WELS
01/08/19
NO CHANGE
Target $160
WELS
Market Perform
Concerns over sustainability of Apple Services growth increasing, says Wells Fargo
Wells Fargo analyst Aaron Rakers says that although Apple has continued to deliver impressive Services growth, his discussions with investors have highlighted increased concerns/questions over the sustainability of these trends going forward. The analyst thinks unpacking Apple's key services growth drivers will be increasingly important as investors gauge growth sustainability. He reiterates a Market Perform rating and $160 price target on the shares.
01/08/19
BTIG
01/08/19
NO CHANGE
BTIG
Pixel 3 may be first smartphone with CBRS spectrum, says BTIG
Google's (GOOG, GOOGL) Pixel 3 could be the first smartphone enabled with Citizens Broadband Radio Service spectrum, BTIG analyst Walter Piecyk tells investors in a research note. Pixel 3 launched exclusively with Verizon (VZ) three months ago and at launch, it included Band 42, which includes a portion of the spectrum used for CBRS, says the analyst. Further, he points out that Google requested that the Federal Communications Commission allow it to activate CBRS/Band 48 in the Pixel 3 through a software upgrade. It is unclear if Apple (AAPL) could upgrade its iPhones to CBRS with a software upgrade, like Google, Piecyk contends.
KKR KKR
$21.14

0.44 (2.13%)

01/04/19
GSCO
01/04/19
DOWNGRADE
Target $27
GSCO
Buy
KKR downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein removed KKR from his firm's Americas Conviction List but keeps a Buy rating on the name. The analyst thinks the more challenging macro backdrop will likely be a headwind for the company's near-term cash earnings growth and book value growth. He still sees "significant upside" to his $27 12-month price target, but cautions that the "near-term path is less certain."
11/19/18
LEER
11/19/18
NO CHANGE
Target $42
LEER
Market Perform
Acadia selloff appears 'overdone,' says Leerink
Leerink analyst Ana Gupte views Acadia (ACHC) as being oversold after the CNBC newsflow on Friday around the issues ongoing with the sale process to KKR (KKR). The analyst notes that it is unclear to her if the strategic leak to CNBC is coming from the company itself to signal the end of the current sale process, or is a move from the current potential buyers in pursuit of a lower price. Gupte reiterates a Market Perform rating and $42 price target on Acadia shares.
10/26/18
ARGS
10/26/18
UPGRADE
Target $28
ARGS
Buy
KKR upgraded to Buy at Argus on valuation
As reported earlier, Argus analyst Stephen Biggar upgraded KKR to Buy from Hold with a price target of $28. The analyst says the pullback in the company's stock price is unwarranted, with its latest Q3 earnings beating expectations amid "continued healthy growth in fees and performance-related income". Biggar adds that the recent "market turbulence" will offer the company opportunities to deploy its "substantial cash holdings" in assets with future monetizations. The analyst further stated that its valuation premium to other alternative asset managers is "warranted by KKR's greater liquidity following its conversion to corporate status".
01/04/19
GSCO
01/04/19
DOWNGRADE
Target $93
GSCO
Neutral
T. Rowe Price downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein downgraded T. Rowe Price (TROW) to Neutral with a $93 price target. The analyst also removed the shares of KKR (KKR) and IntercontinentalExchange (ICE) from his firm's Americas Conviction List, but keeps Buy ratings on both. Blostein continues to view T. Rowe as "one of the strongest active management franchises" in a challenging environment for traditional asset managers, but he believes "risks to the stock are building." Flows are likely to decelerate "meaningfully" as T. Rowe's three-year excess returns in parts on equities and particularly in fixed income are declining and broader retail rotation out of equities remains a risk, the analyst tells investors in a research note.
TCEHY Tencent
$0.00

(0.00%)

12/12/18
MZHO
12/12/18
DOWNGRADE
MZHO
Neutral
Tencent assumed with a Neutral at Mizuho
Mizuho analyst James Lee assumed coverage on Tencent with a Neutral rating and a price target of HK$345, down from the firm's prior rating of Buy. He sees the company being well positioned in gaming, advertising, payments and commerce, but believes the near-term regulatory and macro environment creates uncertainty for the gaming and ad businesses.
11/08/18
OTRG
11/08/18
DOWNGRADE
OTRG
Mixed
Tencent downgraded to Mixed from Positive at OTR Global
08/22/18
LEHM
08/22/18
NO CHANGE
Target $55
LEHM
Overweight
Tencent price target lowered to $55 from $59 at Barclays
Barclays analyst Gregory Zhao lowered his price target for Tencent Holdings to $55 following the company's Q2 results to reflect the impact from monetization approval delay to mobile gaming revenue as well as the negative efforts to interest revenue due to the deposit rate increase. The analyst keeps an Overweight rating on the shares.
09/13/18
GSCO
09/13/18
INITIATION
Target $31.9
GSCO
Buy
Pinduoduo initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Piyush Mubayi started Pinduoduo (PDD) with a Buy rating and $31.90 price target, identifying it as the "fastest-growing internet company in the world" in terms of revenue growth. He sees Pinduoduo being well positioned to benefit from continuous growth of China e-commerce based on its popular app and Tencent's (TCEHY) social networks.
DIS Disney
$111.42

0.865 (0.78%)

01/08/19
LOOP
01/08/19
NO CHANGE
Target $51
LOOP
Buy
21st Century Fox is 'attractive' way to participate in Disney, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $51 price target on 21st Century Fox (FOXA), saying the stock represents "an attractive way to buy Disney (DIS) and create "New Fox" shares in the spinoff. The analyst also expects the New Fox to have less debt than previously anticipated while benefiting from continued strong growth of the Fox News Channel.
01/02/19
BOFA
01/02/19
NO CHANGE
BOFA
Top 10 US Ideas for Q1 2019 at BofA/Merrill
BofA/Merrill's Alpha Generation Research team introduced its latest Top 10 US Ideas for Q1 2019. The list consists of 9 Buys that are Cigna (CI), Disney (DIS), Equinix (EQIX), Honeywell (HON), Lockheed Martin (LMT), Marvell (MRVL), Procter & Gamble (PG), AT&T (T), and Tapestry (TPR) and 1 Underperform rating which is Campbell Soup (CPB).
12/14/18
NEED
12/14/18
NO CHANGE
Target $100
NEED
Buy
Electronic Arts price target lowered to $100 from $150 at Needham
Needham analyst Laura Martin lowered her price target on Electronic Arts (EA) to $100 given the company's less inspiring game release slate in FY20 relative to FY19, noting that the margins on the Star Wars title expected next year are lower than this year's Battlefield because of Disney (DIS) royalties. The analyst also attributes the lower target to the market repricing of stocks "valued at over 4-times enterprise value to sales". Martin is keeping her Buy rating on Electronic Arts given the ownership of its own IP assets, loyalty of "super-fans", lower risk based on its dependence on title "sequels", and the under-40 age demographic of its target market. The analyst adds that while the company does not have a "Sports game creation problem", the same may not be said about action/adventure game creation.
12/07/18
NEED
12/07/18
NO CHANGE
NEED
Hold
Disney may need to lower FY19 estimates, says Needham
Needham analyst Laura Martin kept her Hold rating on Disney, warning that the company may need to lower its FY19 earnings guidance at its April investor meeting. The analyst cites the company's growing costs around "technology, content and marketing investments" in OTT services such as ESPN+ and Disney+, along with earnings dilution from the acquisition of 21st Century Fox. Martin also lowers her FY19 EPS view to $7.13 from $7.35 based on higher ESPN+ investments, rising programming costs related to college playoff games, and lower Studio segment revenue from tough comps related to last year's Thor, Coco, and Star Wars films.

TODAY'S FREE FLY STORIES

NAVI

Navient

$12.65

-0.15 (-1.17%)

16:21
02/20/19
02/20
16:21
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16:21
Hot Stocks
Canyon Partners withdraws Navient indication of interest, to propose board slate »

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SPTN

SpartanNash

$21.98

-0.25 (-1.12%)

16:21
02/20/19
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Earnings
SpartanNash sees FY19 EPS $1.70-$1.80, consensus $1.93 »

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SUN

Sunoco

$29.86

-0.42 (-1.39%)

16:20
02/20/19
02/20
16:20
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16:20
Earnings
Sunoco reports Q4 EPS ($1.11), may not compare to consensus 73c »

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XEC

Cimarex Energy

$76.38

1.3 (1.73%)

16:20
02/20/19
02/20
16:20
02/20/19
16:20
Earnings
Cimarex Energy reports Q4 adjusted EPS $1.98, consensus $1.80 »

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TYL

Tyler Technologies

$213.19

-2.55 (-1.18%)

16:20
02/20/19
02/20
16:20
02/20/19
16:20
Earnings
Tyler Technologies sees FY19 adjusted EPS $5.20-$5.35, consensus $5.37 »

Sees FY19 revenue…

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
02/20/19
02/20
16:20
02/20/19
16:20
Options
Closing CBOE SPX and VIX Index summary for February 20th »

The CBOE Volatility Index…

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FTI

TechnipFMC

$24.56

0.61 (2.55%)

16:19
02/20/19
02/20
16:19
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16:19
Hot Stocks
TechnipFMC estimates $280M settlement for global anticorruption investigations »

TechnipFMC said in its…

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NAVI

Navient

$12.65

-0.15 (-1.17%)

16:19
02/20/19
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16:19
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16:19
Hot Stocks
Breaking Hot Stocks news story on Navient »

Canyon Partners to…

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TYL

Tyler Technologies

$213.19

-2.55 (-1.18%)

16:19
02/20/19
02/20
16:19
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16:19
Earnings
Tyler Technologies reports Q4 adjusted EPS $1.26, consensus $1.26 »

Reports Q4 revenue $242M,…

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AXTI

AXT Inc.

$4.50

0.13 (2.97%)

16:19
02/20/19
02/20
16:19
02/20/19
16:19
Hot Stocks
AXT Inc. CEO says 2018 a 'mixed year' »

"2018 was a mixed…

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  • 20

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NAVI

Navient

$12.65

-0.15 (-1.17%)

16:19
02/20/19
02/20
16:19
02/20/19
16:19
Hot Stocks
Breaking Hot Stocks news story on Navient »

Canyon Partners withdraws…

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SPTN

SpartanNash

$21.98

-0.25 (-1.12%)

16:18
02/20/19
02/20
16:18
02/20/19
16:18
Earnings
SpartanNash reports Q4 adjusted EPS 32c, consensus 38c »

Reports Q revenue $1.90B,…

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  • 21

    Feb

FTI

TechnipFMC

$24.56

0.61 (2.55%)

16:18
02/20/19
02/20
16:18
02/20/19
16:18
Earnings
TechnipFMC sees 2019 Subsea revenue $5.4B-$5.7B »

Sees 2019…

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AXTI

AXT Inc.

$4.50

0.13 (2.97%)

16:18
02/20/19
02/20
16:18
02/20/19
16:18
Earnings
AXT Inc. reports Q4 EPS (3c), consensus 0c »

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  • 20

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QEP

QEP Resources

$8.19

-0.08 (-0.97%)

16:18
02/20/19
02/20
16:18
02/20/19
16:18
Hot Stocks
Breaking Hot Stocks news story on QEP Resources »

QEP Resources up 1.5%…

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  • 21

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CAKE

Cheesecake Factory

$46.42

-0.07 (-0.15%)

16:18
02/20/19
02/20
16:18
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16:18
Earnings
Cheesecake Factory reports Q4 adjusted EPS 60c, consensus 62c »

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ALB

Albemarle

$82.82

-0.305 (-0.37%)

16:18
02/20/19
02/20
16:18
02/20/19
16:18
Earnings
Breaking Earnings news story on Albemarle »

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HOME

At Home Group

$23.83

0.52 (2.23%)

16:17
02/20/19
02/20
16:17
02/20/19
16:17
Initiation
At Home Group initiated  »

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FTI

TechnipFMC

$24.56

0.61 (2.55%)

16:17
02/20/19
02/20
16:17
02/20/19
16:17
Earnings
TechnipFMC reports Q4 adjusted EPS (9c), consensus 37c »

Reports Q4 revenue…

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QEP

QEP Resources

$8.19

-0.08 (-0.97%)

16:17
02/20/19
02/20
16:17
02/20/19
16:17
Hot Stocks
QEP Resources to reduce G&A expenses by ~45% »

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  • 21

    Feb

ALB

Albemarle

$82.82

-0.305 (-0.37%)

16:17
02/20/19
02/20
16:17
02/20/19
16:17
Earnings
Albemarle reports Q4 adjusted EPS $1.53, consensus $1.47 »

Reports Q4 revenue…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
02/20/19
02/20
16:17
02/20/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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PI

Impinj

$19.30

1.39 (7.76%)

16:16
02/20/19
02/20
16:16
02/20/19
16:16
Earnings
Impinj sees Q1 adjusted EPS (29c)-(22c), consensus (16c) »

Sees Q1 revenue…

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SEDG

SolarEdge

$41.48

-1.87 (-4.31%)

16:16
02/20/19
02/20
16:16
02/20/19
16:16
Earnings
SolarEdge sees Q1 revenue $260M-$270M, consensus $241.96M »

Sees Q1 gross margins…

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  • 20

    Feb

PEGA

Pegasystems

$59.39

0.95 (1.63%)

16:16
02/20/19
02/20
16:16
02/20/19
16:16
Earnings
Pegasystems sees FY19 EPS 50c, consensus 55c »

Sees FY19 revenue $965M,…

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