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TWTR

Twitter

$32.24

0.43 (1.35%)

, GOOGL

Alphabet Class A

$1,082.06

-3.83 (-0.35%)

07:26
01/10/19
01/10
07:26
01/10/19
07:26

BofA/Merrill upgrades Twitter two notches to Buy following social user survey

As previously reported, BofA Merrill Lynch analyst Justin Post upgraded Twitter (TWTR) two notches, to Buy from Underperform, after conducting a survey in early December of more than 1,000 U.S. consumers ages 18-65. The survey showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. Improving metrics in the 18-29 demographic suggest more younger users are turning to Twitter, noted Post. The analyst, who sees Twitter as a strong play on video ad dollars shifting online and advertisers potentially diversifying their ad spending, raised his price target on Twitter shares to $39. Post added in the note to investors that the survey suggested Google (GOOGL) and Facebook's (FB) Instagram have the most positive usage trends, while the negative effects from Snap's (SNAP) redesign appear to have continued.

TWTR

Twitter

$32.24

0.43 (1.35%)

GOOGL

Alphabet Class A

$1,082.06

-3.83 (-0.35%)

GOOG

Alphabet

$1,075.81

-1.55 (-0.14%)

FB

Facebook

$144.22

1.67 (1.17%)

SNAP

Snap

$6.28

-0.12 (-1.88%)

  • 30

    Jan

  • 25

    Feb

  • 03

    Mar

TWTR Twitter
$32.24

0.43 (1.35%)

01/10/19
BOFA
01/10/19
UPGRADE
BOFA
Buy
Twitter upgraded to Buy from Underperform at BofA/Merrill
01/09/19
JEFF
01/09/19
NO CHANGE
JEFF
Jefferies says be selective in Internet, cuts targets on Snap and Facebook
Jefferies analyst Brent Thill this morning cut his price targets on a handful of names in the Internet space. In a research note titled "2019 Playbook," the analyst also downgraded Booking Holdings (BKNG) and Redfin (RDFN) to Hold from Buy. Thill tells investors to selective in the space, and recommends buying Amazon.com (AMZN), Alphabet (GOOGL) and Intuit (INTU) in large cap, Match Group (MTCH), IAC (IAC) and GoDaddy (GDDY) in mid cap, and Wix.com (WIX) and Trade Desk (TTD) in small cap. He expects TripAdvisor (TRIP), Shutterstock (SSTK) and Shutterstock (EIGI) to underperform. Among his price target cuts were Buy-rated Expedia (EXPE) to $150, Buy-rated Facebook to $180, Hold-rated Snap (SNAP) to $7, Hold-rated Sonos (SONO) to $12, Hold-rated Twitter (TWTR) to $33 and Hold-rated Zillow Group (ZG) to $34.
01/09/19
JPMS
01/09/19
NO CHANGE
Target $2100
JPMS
Overweight
Amazon.com named a 2019 best Internet idea at JPMorgan
JPMorgan analyst Doug Anmuth names Amazon.com (AMZN) a best idea for 2019 along with Facebook (FB) and Twitter (TWTR). Amazon shares increased 28% in 2018 but remain well positioned in 2019 as Q1 revenue re-acceleration is likely, Anmuth tells investors in a research note. Further, he sees a "more compelling" valuation following the recent selloff and believes Web Services and advertising will drive 80 basis points of operating margin expansion to 6.0% in 2019. The analyst thinks Amazon will outperform again this year and keeps an Overweight rating on the shares with a $2,100 price target.
01/08/19
JPMS
01/08/19
NO CHANGE
Target $195
JPMS
Overweight
Facebook named a best Internet idea for 2019 at JPMorgan
JPMorgan analyst Doug Anmuth names Facebook (FB) a best idea for 2019 along with Amazon.com (AMZN) and Twitter (TWTR). Facebook experienced significant volatility in 2018 and closed the year down 2%, underperforming Internet peers which were up 7% market cap-weighted and flat on average, Anmuth tells investors in a research note partially titled "We Expect Facebook To Climb The Wall Of Worry." Privacy and data concerns, platform transitions, slowing growth, margin compression, regulation, and "extremely negative" press have all weighed on the stock in recent months, adds the analyst. He believes investor sentiment on Facebook "remains negative here" in early 2019. However, Anmuth thinks the core Facebook business is "stickier than many think." Further, he believes the company's revenue deceleration is manageable and its earnings growth should accelerate into the mid-teens in 2020. Lastly, the stock's valuation is "compelling" at current levels, argues Anmuth. He keeps an Overweight rating on Facebook with a $195 price target. The social media giant closed yesterday up 10c to $138.05.
GOOGL Alphabet Class A
$1,082.06

-3.83 (-0.35%)

01/10/19
MSCO
01/10/19
DOWNGRADE
Target $29
MSCO
Underweight
Morgan Stanley sees revenue headwinds for Yelp, downgrades to Underweight
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Yelp (YELP) to Underweight from Equal Weight as he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. First, Nowak sees the increased flexibility of Yelp's new non-term agreements leading to lower spend per customer. Second, he sees pricing compression risk given that his ad pricing analysis shows Yelp's average cost per click is still over four times higher than Google (GOOGL) and Facebook (FB). Third, he expects Yelp's declining user base to further hold back spend per customer. Nowak cut his price target on Yelp shares to $29 from $31, noting that his revised FY19 and FY20 EBITDA estimates are now 2% and 6%, respectively, below consensus.
01/10/19
KEYB
01/10/19
NO CHANGE
KEYB
KeyBanc remains bullish on MongoDB as Amazon unveils DocumentDB
KeyBanc analyst Brent Bracelin Amazon (AMZN) has unveiled a new cloud database called DocumentDB that emulates API functionality similar to MongoDB (MDB). The analyst believes this increases the competitive overlap with Amazon, but also validates the need for MongoDB's patented document-oriented database. We remain bullish on the prospects for MongoDB to sustain high growth based on a large $63B TAM that can support multiple players, differentiated functionality in MongoDB version 4.0 versus Amazon DocumentDB emulating version 3.6, and proprietary data analysis that validates robust MongoDB growth on Microsoft's (MSFT) Azure and Google (GOOGL; GOOG) Cloud suggests customers increasingly desire multi-cloud functionality.
01/09/19
BMOC
01/09/19
UPGRADE
Target $33
BMOC
Outperform
HCP upgraded to Outperform at BMO Capital on improved balance sheet
As reported earlier, BMO Capital analyst John Kim upgraded HCP (HCP) to Outperform from Market Perform and raised his price target to $33 from $30. The analyst cites the company's balance sheet improvement after its recent $1B Mountain View asset sale to Google (GOOGL) and the resulting repositioning of its asset base to a "healthy mix of senior housing, life sciences, and Medical Office."
GOOG Alphabet
$1,075.81

-1.55 (-0.14%)

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.
FB Facebook
$144.22

1.67 (1.17%)

01/09/19
ARGS
01/09/19
NO CHANGE
Target $206
ARGS
Buy
Argus remains positive on Facebook as a 'dominant social media site'
Argus analyst Joseph Bonner kept his Buy rating and $206 price target on Facebook, saying that in spite of the "challenging near term outlook" of slowing revenue and rising costs in 2019, the company justifies a bullish stance based on its position as the "dominant social media site". The analyst contends that Facebook's Messenger and WhatsApp have all reached a critical mass of users and continue to be monetized, while the 26% decline in its stock price last year has been a "positive for valuation".
01/09/19
PIPR
01/09/19
NO CHANGE
Target $2050
PIPR
Overweight
Survey shows Amazon has large remaining addressable market, says Piper Jaffray
Piper Jaffray analyst Michael Olson says his firm's survey of 1,011 domestic internet users found that Amazon.com (AMZN) "penetration is still gradually increasing." Further, a second survey of 1,505 domestic internet users found that among top e-commerce platforms Amazon retains top share, with Facebook (FB) marketplace also showing good traction and Instagram "in relative shopping infancy," Olson tells investors in a research note. The analyst sees the surveys as a continued positive for Amazon. He believes the company has a large addressable remaining domestic total addressable market of low-use consumers. Holiday spending data would suggest Amazon accounts for only 5% of eMarketer's estimated $1.002 trillion of overall 2018 domestic retail holiday spend, adds the analyst. He reiterates an Overweight rating on Amazon shares with a $2,050 price target. Further, there are favorable takeaways for Facebook from the survey, as the company's e-commerce effort has shown promising early growth, says Olson.
SNAP Snap
$6.28

-0.12 (-1.88%)

01/07/19
01/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Perform from Outperform at Oppenheimer with analyst Rick Schafer citing the current "semiconductor correction" as well as "continued negative" smartphone news. 2. Snap (SNAP) downgraded to Hold from Buy at Pivotal Research with analyst Brian Wieser saying concerns around employee churn are playing out. 3. PNC Financial (PNC) downgraded to Neutral from Buy at Goldman Sachs with analyst Richard Ramsden saying commercial loan growth has fallen 7 percentage points and is likely to track industry growth rates more closely from here. 4. Quarterhill (QTRH) downgraded to Hold from Buy at Canaccord. 5. Urban Outfitters (URBN) downgraded to Neutral from Overweight at JPMorgan with analyst Matthew Boss saying he sees a "flattish comp downside scenario neutralizing the risk/reward profile." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
COWN
01/10/19
UPGRADE
COWN
Market Perform
Snap upgraded to Market Perform from Underperform at Cowen
01/07/19
PIVT
01/07/19
DOWNGRADE
Target $6
PIVT
Hold
Snap downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded Snap to Hold and lowered his price target for the shares to $6 from $8. Concerns around employee churn are playing out, Wieser tells investors in a research note. Significant additional stock grants to key employees may be necessary despite their diluting effects, adds the analyst. He believes this represents an incremental downside risk for investors to consider.

TODAY'S FREE FLY STORIES

OZM

Och-Ziff Capital

$12.35

1.11 (9.88%)

13:01
01/17/19
01/17
13:01
01/17/19
13:01
Periodicals
Och-Ziff Capital's European equities chief Croxson leaving, FT says »

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CSX

CSX

$64.29

-1.07 (-1.64%)

12:59
01/17/19
01/17
12:59
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12:59
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CSX analyst commentary  »

Loop Capital positive on…

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SLB

Schlumberger

$41.19

-0.02 (-0.05%)

, VFC

VF Corp.

$72.55

0.6 (0.83%)

12:58
01/17/19
01/17
12:58
01/17/19
12:58
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

SLB

Schlumberger

$41.19

-0.02 (-0.05%)

VFC

VF Corp.

$72.55

0.6 (0.83%)

STT

State Street

$70.11

-0.38 (-0.54%)

STI

SunTrust

$57.48

0.12 (0.21%)

CFG

Citizens Financial

$33.71

-0.23 (-0.68%)

RF

Regions Financial

$15.43

0.035 (0.23%)

KSU

Kansas City Southern

$102.88

0.94 (0.92%)

FHN

First Horizon

$14.69

-0.005 (-0.03%)

03/08/13
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Citigroup
03/06/13
Barclays

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  • 10

    Feb

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    Apr

  • 28

    May

NFLX

Netflix

$352.51

1.36 (0.39%)

, AXP

American Express

$99.27

-0.13 (-0.13%)

12:58
01/17/19
01/17
12:58
01/17/19
12:58
Earnings
Notable companies reporting after market close »

Notable companies…

NFLX

Netflix

$352.51

1.36 (0.39%)

AXP

American Express

$99.27

-0.13 (-0.13%)

PBCT

People's United

$15.86

0.13 (0.83%)

OZK

Bank OZK

$27.41

-0.03 (-0.11%)

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

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  • 17

    Jan

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    Jan

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    Mar

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$261.61

0.66 (0.25%)

12:58
01/17/19
01/17
12:58
01/17/19
12:58
Periodicals
Pelosi says House will vote on more shutdown bills next week, WSJ says »

House Speaker Nancy…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$261.61

0.66 (0.25%)

03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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12:55
01/17/19
01/17
12:55
01/17/19
12:55
General news
Treasury Option Action: leading put strike »

Treasury Option Action:…

12:55
01/17/19
01/17
12:55
01/17/19
12:55
Conference/Events
Stephens construction analysts to hold an analsyt/industry conference call »

Analysts, along with…

TDG

TransDigm

$349.46

0.84 (0.24%)

, ESL

Esterline

$121.88

0.11 (0.09%)

12:55
01/17/19
01/17
12:55
01/17/19
12:55
Conference/Events
Esterline to host special shareholder meeting »

Special Shareholder…

TDG

TransDigm

$349.46

0.84 (0.24%)

ESL

Esterline

$121.88

0.11 (0.09%)

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

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  • 17

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    Feb

C

Citi

$62.10

-0.08 (-0.13%)

12:50
01/17/19
01/17
12:50
01/17/19
12:50
Options
Third large call butterfly spread in the big cap banking names Thursday »

Third large call…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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    Jul

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 »

Total assets decreased by…

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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BMY

Bristol-Myers

$49.50

0.37 (0.75%)

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

Bullish option flow…

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

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  • 18

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12:45
01/17/19
01/17
12:45
01/17/19
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
01/17/19
01/17
12:44
01/17/19
12:44
Hot Stocks
Breaking Hot Stocks news story on Fossil, Alphabet, Alphabet Class A »

Fossil jumps 7.6% after…

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
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

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    Feb

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    Feb

  • 03

    Mar

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 »

Raytheon Company was…

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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
Barclays

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  • 24

    Jan

  • 04

    Feb

  • 04

    Feb

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    Feb

  • 03

    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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  • 26

    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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03/06/13
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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…

03/08/13
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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…

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

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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…

03/08/13
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03/06/13
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  • 23

    Jan

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    Jan

  • 11

    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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  • 17

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    Jan

  • 07

    Feb

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    Feb

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…

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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$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…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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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…

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