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AAPL

Apple

$188.70

-2.41 (-1.26%)

, NFLX

Netflix

$367.01

6.01 (1.66%)

16:00
03/25/19
03/25
16:00
03/25/19
16:00

Apple's new video service 'not a Netflix killer,' says Chatham Road's Gillis

After Apple (AAPL) unveiled its video streaming service, Chatham Road Partners analyst Colin Gillis, formerly of BGC Financial, said Apple "does not excel in creating powerful software and service experiences like it does with hardware" and that the new service is "not going to be a Netflix killer." He also does not believe the video streaming service is going to materially impact the investing outlook for Apple, Gillis tells investors. He expects Apple to underperform the S&P 500 index by 15-20% over the next 3-6 months, Gillis added.

AAPL

Apple

$188.70

-2.41 (-1.26%)

NFLX

Netflix

$367.01

6.01 (1.66%)

  • 25

    Mar

  • 03

    Jun

AAPL Apple
$188.70

-2.41 (-1.26%)

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.
03/25/19
CHLM
03/25/19
NO CHANGE
Target $115
CHLM
Buy
Apple Card could be $100M revenue opportunity for Green Dot, says Craig-Hallum
After Apple (AAPL) announced a new credit card earlier today, Craig-Hallum analyst Brad Berning noted that Green Dot (GDOT) powers Apple Pay Cash. If adoption rates for Apple Card follow Apple Pay's path, Apple Card could equate to a $100M potential annual gross revenue opportunity for Green Dot, Berning tells investors. The Apple Card news will not eliminate the market's concerns over the Walmart (WMT) renewal, but his view is that there will be numerous potential partnership opportunities for Green Dot to win over time, added Berning. He keeps a Buy rating on Green Dot shares with a $115 price target.
NFLX Netflix
$367.01

6.01 (1.66%)

03/20/19
IMPC
03/20/19
NO CHANGE
IMPC
Outperform
Netflix Q1 estimates raised on 'enviable mix of titles' at Imperial Capital
To reflect an "enviable mix of titles" in the quarter, Imperial Capital analyst David Miller raised his Q1 estimates for Netflix. The analyst boosted his Q1 domestic subscriber estimate from 1.60M to 1.63M and international subscriber estimate from 7.30M to 7.38M. This allowed him to increase his Q1 estimates from $4.49B in revenue, $405.9M in EBIT and 56c per share in core earnings to $4.51B in revenue, $424.9M in EBIT, and 59c per share in core earnings. The Street consensus is $4.49B in revenue and 57c per share in net income, Miller tells investors in a research note. He keeps an Outperform rating on Netflix with a $463 price target.
03/21/19
JPMS
03/21/19
NO CHANGE
Target $228
JPMS
Overweight
Apple's March 25 event unlikely to be share catalyst, says JPMorgan
With an abundance of predictions on the announcement already widely publicized in the press, Apple's (AAPL) March 25 event itself will not be a catalyst for shares, JPMorgan Samik Chatterjee tells investors in a research note. The analyst, however, is focused on the long-term drivers that could set up Apple's video service as a strong competitor to Netflix (NFLX) over time. The ramp on user subscriptions for a new service, like video, is unlikely to drive a meaningful change to Apple's financials in the first few years, Chatterjee writes. However, Apple has a relatively easier path to scaling the service given its access to a large installed base, and can differentiate in the early years by positioning itself as an aggregator of content, which could set it up for long-term success, contends the analyst. He keeps an Overweight rating on Apple shares with a $228 price target.
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
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.

TODAY'S FREE FLY STORIES

MAS

Masco

$46.01

0.445 (0.98%)

17:35
12/05/19
12/05
17:35
12/05/19
17:35
Hot Stocks
Masco CFO sells 20K shares of common stock »

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03/08/13
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CI

Cigna

$195.52

-1.13 (-0.57%)

17:31
12/05/19
12/05
17:31
12/05/19
17:31
Hot Stocks
Cigna's Foss acquires over 10,000 common shares »

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  • 09

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GD

General Dynamics

$182.38

4.26 (2.39%)

17:30
12/05/19
12/05
17:30
12/05/19
17:30
Hot Stocks
General Dynamics awarded $145.75M Navy contract modification »

General Dynamics was…

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DOCU

DocuSign

$69.51

-0.465 (-0.66%)

17:28
12/05/19
12/05
17:28
12/05/19
17:28
Hot Stocks
DocuSign up 8.5% to $75.38 after Q3 results beat estimates »

The company also raised…

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  • 05

    Dec

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  • 16

    Dec

DASTY

Dassault Systemes

$0.00

(0.00%)

17:24
12/05/19
12/05
17:24
12/05/19
17:24
Initiation
Dassault Systemes initiated  »

Dassault Systemes resumed…

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ULTA

Ulta Beauty

$236.09

-3.27 (-1.37%)

17:24
12/05/19
12/05
17:24
12/05/19
17:24
Hot Stocks
Ulta Beauty up 10% to $259.20 after Q3 profit beat estimates »

The company also narrowed…

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  • 05

    Dec

AUMN

Golden Minerals

$0.30

0.0089 (3.07%)

17:21
12/05/19
12/05
17:21
12/05/19
17:21
Syndicate
Breaking Syndicate news story on Golden Minerals »

Golden Minerals files to…

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YEXT

Yext

$16.62

0.065 (0.39%)

17:18
12/05/19
12/05
17:18
12/05/19
17:18
Hot Stocks
Breaking Hot Stocks news story on Yext »

Yext down 21% to $13.00…

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  • 05

    Dec

FIZZ

National Beverage

$48.28

-1.16 (-2.35%)

17:16
12/05/19
12/05
17:16
12/05/19
17:16
Earnings
National Beverage reports Q2 EPS 70c, consensus 68c »

Reports Q2 revenue…

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AXSM

Axsome Therapeutics

$43.27

-4.17 (-8.79%)

17:16
12/05/19
12/05
17:16
12/05/19
17:16
Syndicate
Breaking Syndicate news story on Axsome Therapeutics »

Axsome Therapeutics files…

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HTHT

Huazhu Group

$34.49

1.58 (4.80%)

17:15
12/05/19
12/05
17:15
12/05/19
17:15
Upgrade
Huazhu Group rating change  »

Huazhu Group upgraded to…

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ONDS

Ondas Holdings

$0.00

(0.00%)

17:12
12/05/19
12/05
17:12
12/05/19
17:12
Syndicate
Breaking Syndicate news story on Ondas Holdings »

Ondas Holdings files to…

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GH

Guardant Health

$73.57

-1.43 (-1.91%)

17:11
12/05/19
12/05
17:11
12/05/19
17:11
Hot Stocks
Guardant Health Chief Medical Officer Richard Lanman to retire »

On December 2, Richard…

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DEI

Douglas Emmett

$44.13

0.1 (0.23%)

17:10
12/05/19
12/05
17:10
12/05/19
17:10
Hot Stocks
Douglas Emmett raises quarterly dividend by 8% to 28c per share »

The dividend is payable…

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AXSM

Axsome Therapeutics

$43.27

-4.17 (-8.79%)

17:06
12/05/19
12/05
17:06
12/05/19
17:06
Syndicate
Breaking Syndicate news story on Axsome Therapeutics »

Axsome Therapeutics files…

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ZM

Zoom Video

$69.73

-0.22 (-0.31%)

17:06
12/05/19
12/05
17:06
12/05/19
17:06
Periodicals
Zoom Video shares fall on moderating revenue growth, CNBC reports »

Zoom's revenue…

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  • 05

    Dec

  • 16

    Dec

TRIP

TripAdvisor

$29.04

0.51 (1.79%)

, EIGI

Endurance

$4.04

-0.06 (-1.46%)

17:03
12/05/19
12/05
17:03
12/05/19
17:03
Hot Stocks
TripAdvisor acquires SinglePlatform from Endurance, terms not disclosed »

TripAdvisor (TRIP)…

TRIP

TripAdvisor

$29.04

0.51 (1.79%)

EIGI

Endurance

$4.04

-0.06 (-1.46%)

03/08/13
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BP

BP

$36.63

-0.45 (-1.21%)

, COP

ConocoPhillips

$59.83

-0.8 (-1.32%)

16:56
12/05/19
12/05
16:56
12/05/19
16:56
Periodicals
OPEC cancels customary press conference after meeting, CNBC reports »

Amid reports that OPEC…

BP

BP

$36.63

-0.45 (-1.21%)

COP

ConocoPhillips

$59.83

-0.8 (-1.32%)

TOT

Total

$52.29

0.02 (0.04%)

XOM

Exxon Mobil

$68.41

-0.24 (-0.35%)

CVX

Chevron

$116.30

-0.66 (-0.56%)

RDS.A

Royal Dutch Shell

$56.50

-0.34 (-0.60%)

03/08/13
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SAGE

Sage Therapeutics

$60.11

-89.11 (-59.72%)

16:53
12/05/19
12/05
16:53
12/05/19
16:53
Recommendations
Sage Therapeutics analyst commentary  »

Sage Therapeutics price…

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EMN

Eastman Chemical

$75.68

0.67 (0.89%)

16:43
12/05/19
12/05
16:43
12/05/19
16:43
Hot Stocks
Eastman Chemical raises quarterly dividend 6.5% to 66c from 62c per share »

The dividend is payable…

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EVRI

Everi Holdings

$11.86

-1 (-7.78%)

16:43
12/05/19
12/05
16:43
12/05/19
16:43
Syndicate
Everi Holdings 10M share Secondary priced at $11.25 »

The deal priced below the…

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  • 05

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  • 06

    Dec

ZUMZ

Zumiez

$30.63

0.67 (2.24%)

16:39
12/05/19
12/05
16:39
12/05/19
16:39
Earnings
Zumiez raises FY19 SSS growth view to 4.0%-4.5% from prior view 2.0%-4.0% »

Based upon better than…

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  • 05

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  • 05

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:38
12/05/19
12/05
16:38
12/05/19
16:38
Earnings
Crowdstrike raises FY20 EPS view to (53c)-(52c) from (65c)-(62c) »

Consensus (63c). Raises…

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  • 05

    Dec

  • 12

    Dec

FNHC

Federated National

$15.37

-0.04 (-0.26%)

16:36
12/05/19
12/05
16:36
12/05/19
16:36
Hot Stocks
Federated National announces new $10M share repurchase program »

Federated National…

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:36
12/05/19
12/05
16:36
12/05/19
16:36
Earnings
Crowdstrike sees Q4 adjusted EPS (9c)-(8c), consensus (11c) »

Sees Q4 revenue…

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  • 05

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