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BABA

Alibaba

$175.60

-5.785 (-3.19%)

, TCEHY

Tencent

$0.00

(0.00%)

06:13
03/25/19
03/25
06:13
03/25/19
06:13

Alibaba, Tencent, automakers form $1.5B China ride-hailing venture, Reuters says

Alibaba (BABA), Tencent (TCEHY), Suning and automakers including Chongqing Changan Automobile have established a $1.5B Chinese ride-hailing venture in a move that could test the dominance of Didi Chuxing, Reuters' Yilei Sun and Josh Horwitz reports, citing Changan. The automaker said it invested Y1.6B, or $238.36M in the investment company alongside partners including the investment units of Alibaba, Tencent and Suning.Com as well as FAW and Dongfeng Motor. Changan, Dongfeng and FAW will each have a 15% stake in the venture, which will form a ride-sharing company focused on new energy vehicles, while Suning will have a 19% stake and Alibaba and Tencent's investment units will together hold the remainder shares. Reference Link

BABA

Alibaba

$175.60

-5.785 (-3.19%)

TCEHY

Tencent

$0.00

(0.00%)

BABA Alibaba
$175.60

-5.785 (-3.19%)

01/30/19
JPMS
01/30/19
NO CHANGE
JPMS
Overweight
JPMorgan more positive on Alibaba earnings growth outlook
JPMorgan analyst Alex Yao says he's turning more positive on Alibaba's earnings growth outlook following this morning's fiscal Q3 results. The analyst sees the company's advertising revenue growing to 32% year-over-year in the March quarter driven by traffic, engagement and search algorithm optimization. The acceleration of "highly profitable" ads revenue should lead to faster earnings growth, Yao tells investors in a post-earnings research note. He recommends investors own Alibaba given the resilience of its core commerce growth outlook.
01/31/19
OPCO
01/31/19
NO CHANGE
Target $195
OPCO
Outperform
Alibaba price target raised to $195 from $185 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Alibaba to $195 from $185 on strong Q3 core commerce results. The analyst reiterates an Outperform rating on the shares.
01/31/19
RHCO
01/31/19
NO CHANGE
Target $200
RHCO
Buy
Alibaba price target raised to $200 from $180 at SunTrust
SunTrust analyst Youssef Squali raised his price target on Alibaba to $200 and kept his Buy rating after its Q3 earnings beat, saying the company has executed in spite of the "increasingly challenging macro economic/political backdrop". The analyst adds that Alibaba's secular growth drivers of rising China consumption, healthy household balance sheets, and retail digitization remain intact, even though he is a bit more cautious about the macro uncertainty, regulatory tightening, and the management's "decision to postpone monetization of new recommendation feed ".
01/31/19
KEYB
01/31/19
NO CHANGE
Target $210
KEYB
Overweight
Alibaba price target raised to $210 from $200 at KeyBanc
KeyBanc analyst Hans Chung raised his price target for Alibaba to $210 from $200 saying that despite slowing in the macroeconomy, the company delivered better results in its Chinese retail marketplace. The impact of transitioning to recommendation feeds appeared better than feared and he believes the transition has increased engagement and transaction conversion and will likely yield incremental growth opportunity in future when the company begins to monetize feed traffic. The analyst reiterates an Overweight rating on the shares.
TCEHY Tencent
$0.00

(0.00%)

01/14/19
BERN
01/14/19
INITIATION
BERN
Market Perform
Tencent assumed with a Market Perform at Bernstein
Bernstein analyst David Dai assumed coverage on Tencent with a Market Perform.
01/29/19
01/29/19
DOWNGRADE
Target $74

Neutral
YY downgraded to Neutral on slowing Live business at Nomura Instinet
As previously reported, Nomura Instinet analyst Jialong Shi downgraded YY (YY) to Neutral from Buy as the company struggles to find a new driver for its slowing YY Live business, which is facing rising competition from Tencent-backed (TCEHY) Kuaishou and Kugou. Shi cut FY19 revenue and earnings estimates for YY by 3% and 5%, respectively, and lowered the price target on the stock to $74 from $75.
03/18/19
OPCO
03/18/19
NO CHANGE
Target $195
OPCO
Outperform
Facebook looking to emulate WeChat ecosystem, says Oppenheimer
In the wake of recent Facebook (FB) employee departures, product announcements and regulatory risk, Oppenheimer analyst Jason Helfstein views WhatsApp and Instagram's founders departure as related to those products being integrated into Facebook. CPO Cox's departure confirms Zuckerberg is likely to purse a more aggressive product refresh, he contends, adding that Facebook appears to want to emulate Tencent (TCEHY) WeChat's ecosystem, allowing information sharing, communications and commerce in a single application. Lastly, Helfstein views Facebook's announcement of the "Clear History" tool as a way to get in front of potential U.S. and international regulation of consumer internet data. The analyst reiterates an Outperform rating and $195 price target on Facebook's shares.
03/22/19
BNCH
03/22/19
NO CHANGE
BNCH
Buy
Tencent price target raised to HK$400 from HK$360 at Benchmark
Benchmark analyst Fawne Jiang said Tencent reported "solid" Q4 results, with revenue upside driven largely by growth in payments and cloud services. She expects the company's online gaming business to recover gradually during 2019 with the resumption of game approvals. Jiang maintains a Buy rating on Tencent and raised her price target on the shares to HK$400 from HK$360.

TODAY'S FREE FLY STORIES

FITB

Fifth Third

$30.24

0.365 (1.22%)

, CSCO

Cisco

$43.83

0.29 (0.67%)

18:37
12/06/19
12/06
18:37
12/06/19
18:37
Hot Stocks
Fifth Third issues statement on temporary network outage »

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FITB

Fifth Third

$30.24

0.365 (1.22%)

CSCO

Cisco

$43.83

0.29 (0.67%)

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STML

Stemline

$10.33

0.5 (5.09%)

, PFE

Pfizer

$38.29

0.26 (0.68%)

18:33
12/06/19
12/06
18:33
12/06/19
18:33
Hot Stocks
Stemline names Robert Francomano as Chief Commercial Officer »

Most recently, Francomano…

STML

Stemline

$10.33

0.5 (5.09%)

PFE

Pfizer

$38.29

0.26 (0.68%)

GSK

GlaxoSmithKline

$45.51

0.29 (0.64%)

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GOL

Gol Linhas

$17.39

1.07 (6.56%)

18:31
12/06/19
12/06
18:31
12/06/19
18:31
Hot Stocks
Gol Linhas announces preliminary traffic figures for November »

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NAVB

Navidea

$0.97

0.07 (7.78%)

18:25
12/06/19
12/06
18:25
12/06/19
18:25
Syndicate
Navidea announces $1.9M private placement »

Navidea announced that…

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EFC

Ellington Financial

$18.22

0.09 (0.50%)

18:23
12/06/19
12/06
18:23
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18:23
Hot Stocks
Ellington Financial reports estimated book value per share $18.51 on November 30 »

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BOOT

Boot Barn

$41.93

0.81 (1.97%)

18:22
12/06/19
12/06
18:22
12/06/19
18:22
Hot Stocks
Boot Barn CEO: More than 80% of our business is in the store »

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ERIC

Ericsson

$9.24

0.1 (1.09%)

18:18
12/06/19
12/06
18:18
12/06/19
18:18
Hot Stocks
Ericsson to pay over $1B to settle FCPA case »

Ericsson has agreed to…

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  • 09

    Dec

GLD

SPDR Gold Shares

$137.59

-1.42 (-1.02%)

17:55
12/06/19
12/06
17:55
12/06/19
17:55
Hot Stocks
SPDR Gold Shares holdings fall to 886.23MT from 888.57MT »

This is the lowest level…

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PICO

PICO Holdings

$10.81

0.31 (2.95%)

17:45
12/06/19
12/06
17:45
12/06/19
17:45
Hot Stocks
PICO Holdings sells long-term storage credits for $8.7M in Arizona »

PICO Holdings announced…

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QHC

Quorum Health

$0.95

0.0522 (5.81%)

17:31
12/06/19
12/06
17:31
12/06/19
17:31
Hot Stocks
Quorum Health receives NYSE continued listing standard notice »

Quorum Health Corporation…

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:30
12/06/19
12/06
17:30
12/06/19
17:30
Hot Stocks
Breaking Hot Stocks news story on Support.com »

Support.com trading…

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BXRX

Baudax Bio

$6.69

0.34 (5.35%)

17:29
12/06/19
12/06
17:29
12/06/19
17:29
Syndicate
Breaking Syndicate news story on Baudax Bio »

Baudax Bio files $125M…

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  • 16

    Dec

LMT

Lockheed Martin

$387.10

1.175 (0.30%)

17:25
12/06/19
12/06
17:25
12/06/19
17:25
Hot Stocks
Lockheed Martin awarded $153.39M Navy contract modification »

Lockheed Martin was…

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ENV

Envestnet

$71.72

1.27 (1.80%)

17:23
12/06/19
12/06
17:23
12/06/19
17:23
Syndicate
Breaking Syndicate news story on Envestnet »

Envestnet files to sell…

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NOC

Northrop Grumman

$344.79

0.4 (0.12%)

17:20
12/06/19
12/06
17:20
12/06/19
17:20
Hot Stocks
Northrop Grumman awarded $189M Navy contract modification »

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:03
12/06/19
12/06
17:03
12/06/19
17:03
Hot Stocks
Support.com announces special distribution of $1.00 per share »

The record date for the…

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:01
12/06/19
12/06
17:01
12/06/19
17:01
Hot Stocks
Breaking Hot Stocks news story on Support.com »

Support.com trading…

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RZLT

Rezolute

$0.00

(0.00%)

17:00
12/06/19
12/06
17:00
12/06/19
17:00
Syndicate
Breaking Syndicate news story on Rezolute »

Rezolute files to sell…

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

16:58
12/06/19
12/06
16:58
12/06/19
16:58
Periodicals
U.S. mulls putting Amazon foreign sites on 'Notorious Markets' list, WSJ says »

The Trump administration…

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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

16:55
12/06/19
12/06
16:55
12/06/19
16:55
Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

Investor and Analyst…

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  • 07

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IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

16:54
12/06/19
12/06
16:54
12/06/19
16:54
Syndicate
Breaking Syndicate news story on IMPAC Mortgage »

IMPAC Mortgage files…

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ALEC

Alector

$19.74

0.33 (1.70%)

16:32
12/06/19
12/06
16:32
12/06/19
16:32
Hot Stocks
Alector reports Phase 1 safety, biomaker data on AL002 »

Alector reported safety…

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ATAX

America First Multifamily Investors

$7.58

0.125 (1.68%)

16:31
12/06/19
12/06
16:31
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16:31
Hot Stocks
America First Multifamily Investors CFO Craig Allen to retire »

On December 2,Craig Allen…

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16:30
12/06/19
12/06
16:30
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16:30
Options
Preliminary option volume of 20.4M today »

Preliminary option volume…

PNM

PNM Resources

$48.77

-0.06 (-0.12%)

16:29
12/06/19
12/06
16:29
12/06/19
16:29
Hot Stocks
PNM Resources raises quarterly dividend 6% to 30.75c per share »

The Board of Directors of…

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