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AAPL

Apple

$188.55

-2.56 (-1.34%)

, GS

Goldman Sachs

$188.87

0.3 (0.16%)

13:43
03/25/19
03/25
13:43
03/25/19
13:43

Apple partners with Goldman Sachs, Mastercard to launch Apple Card

Apple (AAPL) announced Apple Card, which the company describes as "an innovative, new kind of credit card created by Apple and designed to help customers lead a healthier financial life. Apple Card is built into the Apple Wallet app on iPhone, offering customers a familiar experience with Apple Pay and the ability to manage their card right on iPhone. Apple Card transforms the entire credit card experience by simplifying the application process, eliminating fees, encouraging customers to pay less interest and providing a new level of privacy and security. Available in the US this summer, Apple Card also offers a clearer and more compelling rewards program than other credit cards with Daily Cash, which gives back a percentage of every purchase as cash on customers' Apple Cash card each day." Customers will receive 2% Daily Cash for every use of the card and will get 3% Daily Cash on all purchases made directly with Apple, including at Apple Stores, on the App Store and for Apple services, the company said. Apple is partnering with Goldman Sachs (GS) and Mastercard (MA) to provide the support of an issuing bank and global payments network. "As a newcomer to consumer financial services, Goldman Sachs is creating a different credit card experience centered around the customer, which includes never sharing or selling data to third parties for marketing and advertising. Mastercard will provide cardholders the ability to shop at merchants around the globe," Apple said. Apple Card will be available to qualified customers in the U.S. this summer.

AAPL

Apple

$188.55

-2.56 (-1.34%)

GS

Goldman Sachs

$188.87

0.3 (0.16%)

MA

MasterCard

$229.47

-1.3 (-0.56%)

  • 25

    Mar

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    Apr

  • 03

    Jun

  • 25

    Jun

AAPL Apple
$188.55

-2.56 (-1.34%)

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.
03/22/19
MSCO
03/22/19
NO CHANGE
MSCO
Overweight
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.
03/25/19
BTIG
03/25/19
NO CHANGE
Target $220
BTIG
Buy
Apple price target raised to $220 from $189 at BTIG
BTIG analyst Walter Piecyk raised his price target on Apple to $220 and kept his Buy rating ahead of its product event today, saying that while the rally of the stock price could stall, his new target assumes the company will return to growth in 2020. The analyst notes that while the recent data points have not been positive for Apple's iPhone business expectations, he continues to expect abating lengthening of the product cycle to materialize in 2020. Piecyk adds that stock buybacks and the company's capital program should be the primary driver Apple's earnings growth.
GS Goldman Sachs
$188.87

0.3 (0.16%)

02/01/19
02/01/19
DOWNGRADE

Sell
Societe Generale downgrades Goldman Sachs, Morgan Stanley to Sell
As previously reported, Societe Generale analyst Andrew Lim downgraded Goldman Sachs (GS) and Morgan Stanley (MS), both to Sell from Hold, citing his view that the credit cycle deterioration "has already been set in motion" and that it will pay to be defensive for the rest of 2019. Goldman and Morgan are much more exposed to pressure on market-sensitive revenues as purer investment banks, Lim tells investors. He does not have any Buy ratings on big U.S. banks, but continues to favor holding positions in Bank of America (BAC) and JP Morgan (JPM), which Lim views as the most defensive large cap U.S. banks, he tells investors.
02/21/19
02/21/19
INITIATION

Odeon's Dick Bove starts Goldman Sachs with Sell rating
Odeon analyst Dick Bove initiated coverage of Goldman Sachs with a Sell rating. Now is not the time to own the stock as indications are growing that Goldman's legal issues "are just beginning related to the events in Malaysia," Bove tells investors in a research note. The analyst adds that the Federal Reserve and U.S. Justice Department are also investigating these events and that fines are expected. Goldman Sachs in late morning trading is down $2.00 to $196.60.
03/01/19
SBSH
03/01/19
NO CHANGE
SBSH
Neutral
Goldman Sachs faces 'tough legal setup' in 1MDB case, says Citi
Goldman Sachs' alleged role in the ongoing 1MDB scandal has weighed on the stock since November, Citi analyst Keith Horowitz tells investors in a research note. After researching the case and speaking with a subject matter expert, the analyst thinks Goldman "faces a tough legal setup" in the 1MDB case. He expects the company to settle with regulators and estimates a range of penalties from $1.5B to $9.0B, with a base case of $4B-$5B. He sees suspended business activities as unlikely. Despite the 14% underperformance since November, Goldman shares are fairly valued given continued 1MDB overhang, Horowitz tells investors in a research note. He keeps a Neutral rating on the shares.
03/25/19
JEFF
03/25/19
NO CHANGE
JEFF
Jefferies downgrades Financials to Underweight on 'shocking' Fed meeting
Jefferies analyst Steven DeSanctis is "very surprised" by last week's Federal Reserve's decision taking rate hikes completely off table in 2019. The "shocking" Fed meeting means lower rates for longer, which is not good for Financials, DeSanctis tells investors in a research note. A "lack of catalysts and weaker earnings growth" going forward for the entire sector, not just banks, means an Underweight rating on the space makes sense, says the analyst. As such, he downgraded his rating on the Financial sector to Underweight from Market Weight. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
MA MasterCard
$229.47

-1.3 (-0.56%)

02/19/19
BTIG
02/19/19
NO CHANGE
Target $114
BTIG
Buy
PayPal price target raised to $114 from $95 at BTIG
BTIG analyst Mark Palmer raised his price target on PayPal (PYPL) to $114 and kept his Buy rating, citing the company's "multi-faceted" growth story that includes accelerating active account additions, continued increases in customer engagement, and acceleration of Venmo payment volume. The analyst believes that PayPal can drive growth rates that are "about twice that of its peer group", justifying the premium of the stock relative to its peers. Palmer adds that PayPal shares still trade at a discount relative to MasterCard (MA) based on its enterprise value to expected FY21 EBITDA multiple.
02/20/19
NOMU
02/20/19
NO CHANGE
Target $252
NOMU
Buy
MasterCard price target raised to $252 from $226 at Nomura Instinet
Nomura Instinet analyst Bill Carcache raised his price target for MasterCard to $252 after meeting with management and keeps a Buy rating on the shares.
03/14/19
WEDB
03/14/19
NO CHANGE
Target $235
WEDB
Outperform
MasterCard price target raised to $235 from $220 at Wedbush
Wedbush analyst Moshe Katri raised his price target for MasterCard to $235 from $220 as he likes the company's attractive business model, growth prospects and outlook for increasing shareholder returns. From a "big-picture" perspective, the analyst points to a host of growth/scale catalysts, including the disintermediation of cash/checks by electronic payments, networks' increased dominance in the payments' ecosystem, incremental revenue opportunities from European regulations, incremental catalysts from hyper-growth mobile payments, ACH-based revenue growth opportunities, increased traction in B2B, and potential revenue synergies from MasterCard's consulting practice. He reiterates an Outperform rating on the shares.
03/25/19
JEFF
03/25/19
NO CHANGE
Target $175
JEFF
Buy
Visa price target raised to $175 from $170 at Jefferies
Jefferies analyst Michael Del Grosso raised his price target for Visa (V) to $175 from $170 after hosting investor meetings at the company's headquarters. Visa's "innovative capabilities" are underappreciated relative to MasterCard (MA) and its upcoming product roll-outs "may help close this perception gap," Del Grosso tells investors in a research note. He believes Visa's core growth story is intact and that new product capabilities "enhance the volume opportunity for the foreseeable future." The analyst reiterates a Buy rating on the shares.

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MPC

Marathon Petroleum

$56.88

-0.63 (-1.10%)

07:44
01/21/20
01/21
07:44
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07:44
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NVCR

Novocure

$92.57

-1.92 (-2.03%)

07:44
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Hot Stocks
Novocure announces reimbursement in Israel for Optune/Temozolomide combo »

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Conference/Events
Goldman Sachs to hold a conference »

Global Macro Conference:…

EBIX

Ebix

$35.15

-0.05 (-0.14%)

07:43
01/21/20
01/21
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07:43
Hot Stocks
Ebix signs sponsorship for India's Tour of New Zealand 2020 »

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WPX

WPX Energy

$12.67

-0.105 (-0.82%)

07:42
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01/21
07:42
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07:42
Upgrade
WPX Energy rating change  »

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RS

Reliance Steel

$121.44

0.82 (0.68%)

07:42
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07:42
Downgrade
Reliance Steel rating change  »

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  • 20

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SERV

ServiceMaster

$36.73

0.19 (0.52%)

, ADT

ADT Inc.

$6.51

0.015 (0.23%)

07:42
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01/21
07:42
01/21/20
07:42
Hot Stocks
ServiceMaster announces CEO Nik Varty steps down »

ServiceMaster (SERV)…

SERV

ServiceMaster

$36.73

0.19 (0.52%)

ADT

ADT Inc.

$6.51

0.015 (0.23%)

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  • 27

    Feb

AMZN

Amazon.com

$1,864.40

-13.55 (-0.72%)

07:41
01/21/20
01/21
07:41
01/21/20
07:41
Conference/Events
Amazon.com management to meet with MKM Partners »

Meeting to be held in…

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PCRX

Pacira

$43.77

-0.2 (-0.45%)

07:41
01/21/20
01/21
07:41
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07:41
Hot Stocks
Pacira, Envision Physician Services collaborate for anesthesia training »

Pacira BioSciences…

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GSX

GSX Techedu

$32.97

2.67 (8.81%)

07:40
01/21/20
01/21
07:40
01/21/20
07:40
Initiation
GSX Techedu initiated  »

GSX Techedu initiated…

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BLCM

Bellicum Pharmaceuticals

$2.28

0.19 (9.09%)

07:40
01/21/20
01/21
07:40
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07:40
Hot Stocks
MD Anderson to acquire Bellicum Pharmaceuticals' Houston facility for $15M »

Bellicum Pharmaceuticals…

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SBH

Sally Beauty

$15.27

-0.46 (-2.92%)

07:38
01/21/20
01/21
07:38
01/21/20
07:38
Upgrade
Sally Beauty rating change  »

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  • 30

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STIM

Neuronetics

$4.38

-0.01 (-0.23%)

, SLCA

U.S. Silica

$5.83

0.185 (3.28%)

07:37
01/21/20
01/21
07:37
01/21/20
07:37
Hot Stocks
Neuronetics appoints Andrew Macan as general counsel, CCO, corporate secretary »

Neuronetics (STIM)…

STIM

Neuronetics

$4.38

-0.01 (-0.23%)

SLCA

U.S. Silica

$5.83

0.185 (3.28%)

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  • 25

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LVS

Las Vegas Sands

$74.07

0.67 (0.91%)

, WYNN

Wynn Resorts

$151.51

-0.68 (-0.45%)

07:36
01/21/20
01/21
07:36
01/21/20
07:36
Downgrade
Las Vegas Sands, Wynn Resorts rating change  »

Las Vegas Sands…

LVS

Las Vegas Sands

$74.07

0.67 (0.91%)

WYNN

Wynn Resorts

$151.51

-0.68 (-0.45%)

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AUB

Atlantic Union Bankshares

$36.81

-0.03 (-0.08%)

07:35
01/21/20
01/21
07:35
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07:35
Earnings
Atlantic Union Bankshares reports Q4 operating EPS 71c, consensus 70c »

"Atlantic Union…

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  • 21

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EPD

Enterprise Products

$28.80

-0.24 (-0.83%)

07:35
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07:35
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07:35
Hot Stocks
Enterprise Products begins service at Mentone natural gas processing plant »

Enterprise Products…

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  • 30

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SWN

Southwestern Energy

$1.85

-0.09 (-4.64%)

, SWK

Stanley Black & Decker

$172.63

2.18 (1.28%)

07:35
01/21/20
01/21
07:35
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07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

SWN

Southwestern Energy

$1.85

-0.09 (-4.64%)

SWK

Stanley Black & Decker

$172.63

2.18 (1.28%)

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  • 29

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07:35
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General news
Treasury Market Outlook: Treasuries have a bid in a safe haven play »

Treasury Market Outlook:…

AAPL

Apple

$318.66

3.33 (1.06%)

07:33
01/21/20
01/21
07:33
01/21/20
07:33
Periodicals
Apple scrapped plan for encrypting backups after FBI complained, Reuters reports »

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  • 28

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MITO

Stealth Biotherapeutics

$3.04

-0.04 (-1.30%)

07:33
01/21/20
01/21
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07:33
Hot Stocks
Stealth Biotherapeutics initiates human Phase 1 trial evaluating SBT-272 »

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EHC

Encompass Health

$79.50

-0.77 (-0.96%)

07:31
01/21/20
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Hot Stocks
Encompass Health plans to build rehabilitation hospital in South Carolina »

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  • 07

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WPC

W.P. Carey

$83.13

-0.14 (-0.17%)

07:31
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Hot Stocks
W.P. Carey announces $112M investment in U.K. Class-A logistics facility »

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INGR

Ingredion

$92.58

-0.355 (-0.38%)

, FISV

Fiserv

$120.69

0.46 (0.38%)

07:30
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Hot Stocks
Ingredion appoints Tiffany Willis as VP, investor relations »

Ingredion (INGR)…

INGR

Ingredion

$92.58

-0.355 (-0.38%)

FISV

Fiserv

$120.69

0.46 (0.38%)

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TSLA

Tesla

$510.34

-3.065 (-0.60%)

07:29
01/21/20
01/21
07:29
01/21/20
07:29
Recommendations
Tesla analyst commentary  »

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ORGS

Orgenesis

$5.40

0.36 (7.14%)

07:28
01/21/20
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07:28
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07:28
Hot Stocks
Orgenesis announces $9.2M private placement »

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