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FB

Facebook

$164.35

-1.73 (-1.04%)

16:49
03/22/19
03/22
16:49
03/22/19
16:49

Facebook asks judge to dismiss D.C. privacy protection lawsuit, Bloomberg says

Facebook has requested that a Washington judge dismiss a lawsuit by the District of Columbia claiming that the social media giant failed to protect users' data, calling it a "broadside" against the company and contending that the court lacks proper jurisdiction, Bloomberg's Andrew Harris reports. D.C. Attorney General Karl Racine sued Facebook in December, accusing it of letting a third party, namely Cambridge Analytica, acquire access to the personal data of roughly 70M Americans in violation of D.C. consumer protection laws, Harris reports. Reference Link

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FB Facebook
$164.35

-1.73 (-1.04%)

03/19/19
RBCM
03/19/19
NO CHANGE
RBCM
Outperform
Shopify could lose some future payments volume to Instagram, says RBC Capital
After Facebook's (FB) Instagram announced in a blog post that it is adding in-app checkout, RBC Capital analyst Ross MacMillan explained that he views the risk to Shopify (SHOP) being that native Instagram Checkout could take some gross payments volume share in the future, some of which would have been Shopify's. As it stands today, merchants can link Instagram as a channel to their Shopify platform and transactions occur through the Shopify checkout, which would generate payments volume and revenue, assuming that merchant uses Shopify Payments, said MacMillan. However, he added that he thinks volumes from Instagram purchases are "very small" today. MacMillan has an Outperform rating on Shopify shares.
03/19/19
JEFF
03/19/19
NO CHANGE
JEFF
Hold
Jefferies understands Shopify concerns following 'Checkout on Instagram'
Shares of Shopify traded down modestly today on the announcement of "Checkout on Instagram," a feature that will allow users to complete purchases without leaving the app, Jefferies analyst Samad Samana tells investors in a research note. Facebook's (FB) Instagram will charge merchants a selling fee and partner with PayPal (PYPL) for payment processing, the analyst points out. He understands the investor concerns since Shopify partners with Instagram. Samana, however, believes most merchants will continue to rely on their underlying e-commerce platform to complete most online transactions, manage their stores and inventory. Further, merchants succeeding on multiple channels could increase the likelihood of using a platform like Shopify to manage their business, the analyst contends. He points out, though, that if merchants choose to adopt "Checkout on Instagram", PayPal would provide the payment processing for the gross merchandise volume generated on Instagram rather than directing back to a merchant's Shopify store to process the transaction. This could be a headwind for Shopify's Payments revenue growth, says Samana. He keeps a Hold rating on the shares with a $175 price target. The stock closed the trading day down 2%, or $3.68, to $202.09.
03/19/19
BTIG
03/19/19
NO CHANGE
BTIG
Neutral
BTIG sees limited impact to Etsy from 'Checkout on Instagram'
Facebook's (FB) "Checkout on Instagram" announced today focuses on large sellers, which means it is not yet a competitor of Etsy (ETSY), BTIG analyst Marvin Fong tells investors in a research note titled "In Instagram, Sellers Could Soon Have a New Sales Channel, But We See Limited Impact to Etsy." However, Instagram mentions in its blog post that in the future it will work with Shopify-type (SHOP) platforms, indicating that it intends to reach into the small-to-medium size businesses, the analyst adds. He points out that BuzzFeed even identified Etsy as a future target of Checkout by name. Fong's quick analysis, which "pessimistically" assumes Instagram can convert 10% of an Etsy seller's Instagram followers, puts the impact to Etsy's volume at around 2%. The analyst estimates about 41% of large Etsy sellers are already able to integrate with Instagram. He also found that found that ~25% of large Etsy sellers have no Instagram presence. Fong keeps a Neutral rating on Etsy.
03/20/19
STFL
03/20/19
NO CHANGE
STFL
Facebook investors mostly ignoring rising risks of regulation, says Stifel
Stifel analyst Scott Devitt noted that David Cicilline, a member of the House of Representatives and the chairman of the House Subcommittee on Antitrust, Commercial and Administrative Law, has authored a New York Times OpEd entitled "The Case for Investigating Facebook," which adds to a growing list of global politicians and regulators attacking Facebook. However, investors continue to "mostly ignore" the rising risks associated with calls for regulation and antitrust controls, said Devitt, who keeps a Hold rating on Facebook shares.

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CBPO

China Biologic

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VBIV

VBI Vaccines

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Syndicate
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CBPO

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PNC

PNC Financial

$140.90

1.69 (1.21%)

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PNC Financial lowers prime rate to 5% »

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AAPL

Apple

$222.18

1.41 (0.64%)

15:53
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Periodicals
Apple's VP of communications leaving, Recode reports »

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WP

Worldpay

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, GPN

Global Payments

$163.80

-0.09 (-0.05%)

15:46
09/18/19
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15:46
Conference/Events
Wedbush payments/IT services analyst to hold an analyst/industry conference call »

Payments/IT Services…

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Worldpay

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GPN

Global Payments

$163.80

-0.09 (-0.05%)

FDC

First Data

$0.00

(0.00%)

TSS

TSYS

$132.86

(0.00%)

SQ

Square

$59.56

-0.05 (-0.08%)

PPL

PPL Corp.

$31.21

0.09 (0.29%)

MA

MasterCard

$273.32

-2.93 (-1.06%)

V

Visa

$174.58

-1.8 (-1.02%)

ADS

Alliance Data

$130.61

-0.69 (-0.53%)

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EMCI

EMC Insurance

$35.99

0.01 (0.03%)

15:45
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EMC Insurance shareholders approve transaction with Employers Mutual Casualty »

EMC Insurance Group…

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  • 18

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15:45
09/18/19
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General news
Chair Powell has concluded his presser »

Chair Powell has…

15:40
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General news
Treasury Market Summary »

Treasury Market Summary:…

15:39
09/18/19
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Conference/Events
UBS U.S. chief economist to hold an analyst/industry conference call »

Head of U.S. Economics…

DDAIF

Daimler AG

$0.00

(0.00%)

15:29
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Hot Stocks
China's CATL to supply batteries for Daimler electric trucks »

Daimler Trucks &…

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DVN

Devon Energy

$26.30

-0.4 (-1.50%)

15:29
09/18/19
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15:29
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Options
Bullish calendar call spread with a delta hedge in Devon Energy Corp »

Bullish calendar call…

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DVN

Devon Energy

$26.32

-0.38 (-1.42%)

15:28
09/18/19
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Options
- Bullish calendar call spread with a delta hedge in Devon Energy Corp »

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UBER

Uber

$34.01

-0.27 (-0.79%)

15:27
09/18/19
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15:27
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15:27
Recommendations
Uber analyst commentary  »

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DXC

DXC Technology

$31.86

-0.51 (-1.58%)

15:25
09/18/19
09/18
15:25
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15:25
Options
DXC Technology call volume above normal and directionally bullish »

Bullish option flow…

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CYRX

Cryoport

$17.69

-0.06 (-0.34%)

15:20
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Shelton sees Cryoport becoming 'much broader' supply chain company »

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MTB

M&T Bank

$158.78

0.66 (0.42%)

15:19
09/18/19
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M&T Bank lowers prime lending rate to 5.0% from 5.25% »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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NYSE market internals summary »

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15:15
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General news
On the policy path: »

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SPY

SPDR S&P 500 ETF Trust

$299.06

-1.88 (-0.62%)

, SPX

S&P 500

$0.00

(0.00%)

15:11
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General news
Fed Chair says not forecasting a recession »

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SPY

SPDR S&P 500 ETF Trust

$299.06

-1.88 (-0.62%)

SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$299.01

-1.93 (-0.64%)

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S&P 500

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15:07
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General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Powell doesn't think…

SPY

SPDR S&P 500 ETF Trust

$299.01

-1.93 (-0.64%)

SPX

S&P 500

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MTCH

Match Group

$77.00

-2.7 (-3.39%)

, IAC

IAC

$230.15

-6.58 (-2.78%)

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Hot Stocks
Match Group names Thomas Gaissmaier as Chief Human Resources Officer »

Match Group (MTCH)…

MTCH

Match Group

$77.00

-2.7 (-3.39%)

IAC

IAC

$230.15

-6.58 (-2.78%)

FOX

Fox Corp.

$32.24

-0.57 (-1.74%)

DIS

Disney

$135.88

-0.36 (-0.26%)

03/08/13
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SPY

SPDR S&P 500 ETF Trust

$298.51

-2.43 (-0.81%)

, SPX

S&P 500

$0.00

(0.00%)

15:01
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General news
Powell says trade policy among things weighing on outlook »

Fed Chair Powell said the…

SPY

SPDR S&P 500 ETF Trust

$298.51

-2.43 (-0.81%)

SPX

S&P 500

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FRD

Friedman Industries

$6.12

-0.04 (-0.65%)

15:01
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Hot Stocks
Friedman Industries names Michael J. Taylor president, CEO »

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