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AAPL

Apple

$195.07

6.93 (3.68%)

08:20
03/22/19
03/22
08:20
03/22/19
08:20

Apple streaming service timing, robustness key details, says Morgan Stanley

Morgan Stanley analyst Katy Huberty said she expects next Monday's special event from Apple to be focused on new Services launches, specifically a streaming video on demand service and likely a paid subscription news and magazine service. Huberty believes that besides the launch of an Apple Media bundle, which she would view as the most bullish potential announcement, the inclusion of video content from other programmers would be a positive and the launch timing and robustness of the offerings are the most important details to watch. A meaningful delay in the launch of original video content could hamper customer adoption and pricing at or above market for a stand-alone streaming video service could also slow adoption, said Huberty, who has an Overweight rating on Apple shares.

  • 25

    Mar

AAPL Apple
$195.07

6.93 (3.68%)

03/21/19
WEDB
03/21/19
NO CHANGE
Target $215
WEDB
Outperform
Apple price target raised to $215 from $200 at Wedbush
Wedbush analyst Daniel Ives raised his price target for Apple (AAPL) to $215 from $200 ahead of the expected announcement of its "long awaited" streaming video service that will compete with the likes of Netflix (NFLX), Disney (DIS), Hulu, among others. The analyst views this as a pivotal step in further driving Apple's services flywheel, and believes it will only be the drumroll to a more transformative content acquisition during the course of 2019 for Apple. The services business remains the "wild card" in driving the valuation higher for Apple as he estimates the valuation of the services franchise for the company is worth roughly $400B on a standalone basis with this highly profitable segment poised to exceed $50B in revenues by 2020. Ives reiterates an Outperform rating on Apple's shares.
03/21/19
03/21/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Strong Buy from Buy at Needham with analyst Laura Martin stating that Apple has five types of "network effects," including the strongest type, namely hardware-based direct network effects. 2. Qorvo (QRVO) upgraded to Buy from Neutral at Goldman Sachs with analyst Toshiya Hari saying he's beginning to see early signs of smartphone unit stabilization with channel checks indicating near-term upside in China will offset "marginal weakness" at Apple. 3. Arista Networks (ANET) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Rod Hall seeing "significant upside potential" to consensus expectations driven by Arista's expansion into campus switching. 4. ConocoPhillips (COP) upgraded to Overweight from Neutral at Piper Jaffray with analyst Blake Fernandez attributing the stock's year-to-date underperformance to concern over major project spending risk, which he believes is embedded in current valuation levels. 5. Diplomat Pharmacy (DPLO) upgraded to Outperform from Market Perform at Raymond James with analyst John Ransom saying the 56% decline in shares since the February earnings delay provides a valuation that could be attractive to a strategic buyer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/21/19
RHCO
03/21/19
NO CHANGE
RHCO
Apple event may be negative for Netflix, positive for Lions Gate, says SunTrust
SunTrust analyst Matthew Thornton previews Apple's (AAPL) media event scheduled for March 25th, saying the company is likely to unveil a Video Service. The analyst believes that an Apple OTT service could be a positive for Lions Gate (LGF.B) given the participation of the Starz networks but negative for Netflix (NFLX) "if Apple can offer compelling content bundles at compelling prices with a compelling UI and ubiquitous access". Thornton adds that Apple's bundling of its Music with video subscriptions and news subscriptions may be a negative for Spotify (SPOT) and a "modest incremental negative" for Roku (ROKU) if Apple's service app is not on its service.
03/22/19
JPMS
03/22/19
UPGRADE
Target $65
JPMS
Overweight
JPMorgan upgrades Lumentum to Overweight on iPhone volume stabilization
JPMorgan analyst Samik Chatterjee upgraded Lumentum Holdings (LITE) to Overweight from Neutral and raised his price target for the shares to $65 from $50. The stock closed yesterday up $2.44, of 5%, to $52.10. The analyst sees a "solid" outlook for the company's telecom business amid "strong" growth led by 5G investments and upside to synergy targets relative to recent acquisition of Oclaro. Further, he sees limited downside risk relative to volume expectations for Apple's (AAPL) iPhone, which he notes has been a "key driver of sentiment on the shares." Stabilization of its iPhone volume outlook should drive focus back to the "strong" fundamentals in Lumentum's primary telecom business, Chatterjee tells investors in a research note.

TODAY'S FREE FLY STORIES

BBCP

Concrete Pumping

$4.33

0.195 (4.72%)

16:07
09/16/19
09/16
16:07
09/16/19
16:07
Earnings
Concrete Pumping reports Q3 EPS 5c, consensus 7c »

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  • 16

    Sep

MRVL

Marvell

$25.42

-0.43 (-1.66%)

16:07
09/16/19
09/16
16:07
09/16/19
16:07
Hot Stocks
Marvell's Gaynor sells 35,000 common shares »

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EAST

Eastside Distilling

$4.99

-0.01 (-0.20%)

16:07
09/16/19
09/16
16:07
09/16/19
16:07
Hot Stocks
Eastside Distilling acquires Azunia Tequila in all-stock transaction »

Eastside Distilling…

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LNG

Cheniere Energy

$65.71

0.21 (0.32%)

, EOG

EOG Resources

$85.61

6.24 (7.86%)

16:06
09/16/19
09/16
16:06
09/16/19
16:06
Hot Stocks
Cheniere Energy, EOG Resources announce gas supply agreements »

Cheniere Energy (LNG)…

LNG

Cheniere Energy

$65.71

0.21 (0.32%)

EOG

EOG Resources

$85.61

6.24 (7.86%)

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UFPI

Universal Forest

$40.47

-0.66 (-1.60%)

16:06
09/16/19
09/16
16:06
09/16/19
16:06
Hot Stocks
Universal Forest acquires Pallet USA »

Universal Forest Products…

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  • 24

    Oct

BJ

BJ's Wholesale

$26.81

-0.64 (-2.33%)

16:05
09/16/19
09/16
16:05
09/16/19
16:05
Hot Stocks
BJ's Wholesale names Lee Delaney president »

BJ's Wholesale Club…

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  • 24

    Sep

PSTV

Plus Therapeutics

$9.50

-0.06 (-0.63%)

16:05
09/16/19
09/16
16:05
09/16/19
16:05
Syndicate
Breaking Syndicate news story on Plus Therapeutics »

Plus Therapeutics files…

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ACRS

Aclaris Therapeutics

$1.10

0.065 (6.31%)

16:00
09/16/19
09/16
16:00
09/16/19
16:00
Hot Stocks
Breaking Hot Stocks news story on Aclaris Therapeutics »

Aclaris Therapeutics…

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ETN

Eaton

$86.32

-1.15 (-1.31%)

15:54
09/16/19
09/16
15:54
09/16/19
15:54
Hot Stocks
Eaton's Semeslberger sells 17,000 ordinary shares »

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CRS

Carpenter Technology

$55.59

0.45 (0.82%)

15:51
09/16/19
09/16
15:51
09/16/19
15:51
Hot Stocks
Carpenter Technology director Steven Karol sells $275K in company shares »

Carpenter Technology…

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AMZN

Amazon.com

$1,806.42

-31.07 (-1.69%)

15:51
09/16/19
09/16
15:51
09/16/19
15:51
Hot Stocks
Amazon says WSJ search results story is wrong »

In response to a Wall…

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  • 27

    Oct

MUR

Murphy Oil

$25.21

4.62 (22.44%)

15:45
09/16/19
09/16
15:45
09/16/19
15:45
Options
Murphy Oil call volume above normal and directionally bullish »

Bullish option flow…

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PRU

Prudential

$89.11

-0.74 (-0.82%)

15:38
09/16/19
09/16
15:38
09/16/19
15:38
Hot Stocks
Prudential subsidiaries charged with failing to disclose conflicts of interest »

The SEC charged two…

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  • 17

    Sep

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    Oct

  • 05

    Nov

GILD

Gilead

$65.80

-0.73 (-1.10%)

, GSK

GlaxoSmithKline

$40.64

-0.24 (-0.59%)

15:36
09/16/19
09/16
15:36
09/16/19
15:36
Conference/Events
Piper Jaffray biotech analysts to hold an analyst/industry conference call »

Biotechnology Analysts,…

GILD

Gilead

$65.80

-0.73 (-1.10%)

GSK

GlaxoSmithKline

$40.64

-0.24 (-0.59%)

MRK

Merck

$81.90

-0.71 (-0.86%)

MYL

Mylan

$21.84

0.16 (0.74%)

TEVA

Teva

$8.09

0.15 (1.89%)

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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  • 16

    Sep

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  • 20

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    Sep

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    Sep

  • 02

    Oct

  • 03

    Oct

  • 29

    Oct

AXSM

Axsome Therapeutics

$29.33

2.48 (9.24%)

15:30
09/16/19
09/16
15:30
09/16/19
15:30
Options
Ratio Put spread buyer in Axsome therapeutics as shares touch all-time highs »

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CPE

Callon Petroleum

$5.29

0.775 (17.18%)

15:25
09/16/19
09/16
15:25
09/16/19
15:25
Options
Callon Petroleum call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

    Sep

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    Sep

  • 02

    Oct

ARAY

Accuray

$3.08

0.05 (1.65%)

15:25
09/16/19
09/16
15:25
09/16/19
15:25
Recommendations
Accuray analyst commentary  »

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  • 16

    Sep

SPY

SPDR S&P 500 ETF Trust

$300.17

-0.9 (-0.30%)

, SPX

S&P 500

$0.00

(0.00%)

15:21
09/16/19
09/16
15:21
09/16/19
15:21
Periodicals
Manhattan D.A. issues subpoena for Trump's tax records, NY Times reports »

Late last month,…

SPY

SPDR S&P 500 ETF Trust

$300.17

-0.9 (-0.30%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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DNOW

NOW Inc.

$12.79

0.51 (4.15%)

15:18
09/16/19
09/16
15:18
09/16/19
15:18
Conference/Events
NOW Inc. management to meet with KeyBanc »

Meeting to be held in…

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  • 23

    Sep

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  • 13

    Nov

YETI

Yeti

$29.16

-0.9 (-2.99%)

15:17
09/16/19
09/16
15:17
09/16/19
15:17
Conference/Events
Yeti management to meet with KeyBanc »

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  • 19

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
09/16/19
09/16
15:17
09/16/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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AGR

Avangrid

$50.84

0.05 (0.10%)

15:16
09/16/19
09/16
15:16
09/16/19
15:16
Conference/Events
Avangrid management to meet with KeyBanc »

Meeting to be held in New…

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  • 18

    Sep

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    Nov

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    Nov

ALDR

Alder Biopharmaceuticals

$18.44

8.385 (83.43%)

15:16
09/16/19
09/16
15:16
09/16/19
15:16
Downgrade
Alder Biopharmaceuticals rating change  »

Alder Biopharmaceuticals…

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  • 26

    Sep

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  • 21

    Feb

$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
09/16/19
09/16
15:16
09/16/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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BRX

Brixmor

$19.64

0.065 (0.33%)

15:14
09/16/19
09/16
15:14
09/16/19
15:14
Conference/Events
Brixmor management to meet with KeyBanc »

Meeting to be held in…

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  • 18

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