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AAPL

Apple

$188.78

-2.33 (-1.22%)

, NFLX

Netflix

$366.36

5.36 (1.48%)

08:20
03/26/19
03/26
08:20
03/26/19
08:20

Apple TV announcements incremental more than disruptive, says Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne said Apple's (AAPL) TV announcements can be viewed in two parts - as an update to its TV app and the launch of Apple TV+, which includes original content. Apple made three important improvements to its TV app, said Swinburne, namely that it integrated more publishers, increased its personalization and curation efforts and extended its reach off the Apple TV hardware platform. If successful, the new channels offering and revamped TV app are "an incremental but not step function competitive threat" to Amazon Channels (AMZN), Roku (ROKU) and Comcast (CMCSA), said Swinburne, who added that Apple seeks a position in hardware, as an aggregator and a publisher but it is unclear if it has "a leadership position in any at this point." While Apple's global user base and "massive checkbook" mean investors and competitors should take it seriously, Swinburne also said that Netflix's (NFLX) risk appetite, singular focus, and "ability to bring the best of Silicon Valley to the best of Hollywood" may still be underestimated.

AAPL

Apple

$188.78

-2.33 (-1.22%)

NFLX

Netflix

$366.36

5.36 (1.48%)

AMZN

Amazon.com

$1,774.02

9.06 (0.51%)

ROKU

Roku

$66.79

3.27 (5.15%)

CMCSA

Comcast

$39.21

-0.35 (-0.88%)

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AAPL Apple
$188.78

-2.33 (-1.22%)

03/26/19
WEDB
03/26/19
NO CHANGE
WEDB
Apple Card 'a slight negative' for Visa, says Wedbush
Wedbush analyst Moshe Katri believes Apple's announcement of a physical Apple card is a "slight negative" for Outperform rated Visa (V) and a "slight positive" for Outperform rated MasterCard (MA), assuming it gains traction. The physical Apple card is a partnership with Goldman Sachs (GS) and Mastercard.
03/26/19
ADAM
03/26/19
NO CHANGE
Target $230
ADAM
Buy
Apple price target raised to $230 from $185 at Canaccord
Canaccord analyst T. Michael Walkley maintained a Buy rating on Apple and raised his price target to $230 from $185 following the company's "It's Show Time" event, at which it announced a series of new Service offerings, including Apple TV+, Apple News+, Apple Arcade and Apple Card. Walkley tells investors in a research note that he believes the announcements support Apple's ecosystem approach, including an install base which now exceeds 1.4B devices globally to drive strong ongoing services revenue growth, and expects the higher-margin services revenue growth to continue outpacing total company growth. The analyst also believes Apple can expand its market share of the premium-tier smartphone market and the more than 700M iPhone installed base at the end of 2018, growing to about 750M exiting calendar 2019.
03/26/19
OPCO
03/26/19
NO CHANGE
OPCO
Perform
Pricing of AppleTV+ one of 'biggest unanswered questions,' says Oppenheimer
Oppenheimer analyst Andrew Uerkwitz notes that Apple revealed new media subscription services including Apple News Plus, Apple Arcade, and Apple TV Plus, and also announced Apple Card. The analyst points out that pricing of Apple TV Plus is one of the biggest unanswered questions after the event. Overall, Uerkwitz sees clear benefits from these subscription services and differentiating features that may appeal to niche audience. Nonetheless, he believes those services are unlikely to materially change the competitive dynamic in digital media and payment. He reiterates a Perform rating on the shares.
03/26/19
OPCO
03/26/19
NO CHANGE
OPCO
Apple TV+ not likely to impact Netflix negatively, says Oppenheimer
Oppenheimer analyst Jason Helfstein does not see Apple (APPL) TV+ as having any negative impact on Netflix (NFLX). While a reasonable amount of high-income Apple users will likely subscribe, there is no comparison in the amount of original content compared to Netflix, spending $12B/year versus Apple's $1B, he contends. On Roku (ROKU), Helfstein says the headline is bullish, as the Apple TV will be available on the Roku platform and others, including Amazon (AMZN) Fire and Samsung (SSNLF), reflecting Apple's acknowledgement that the TV OS market is maturing and deciding to pursue an app versus OS strategy.
NFLX Netflix
$366.36

5.36 (1.48%)

03/25/19
03/25/19
NO CHANGE

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.
03/26/19
NEED
03/26/19
NO CHANGE
Target $225
NEED
Strong Buy
Needham sees Apple's TV service 'poisoning' Netflix
Needham analyst Laura Martin writes that Apple (AAPL) TV+ service announcement yesterday poses a direct threat to Netflix (NFLX) given its $2B content budget, expected "priceless appearances by Spielberg, Oprah, Aniston, and JJ Abrams" as well as its 100% consumer awareness and zero marketing costs. The analyst contends that Apple will be able to bundle games, news, and music with its device sales and currently has a base of 900M unique users, adding that if it is successful in converting just 10%, that would allow it to fund content with a budget that is 2 to 3 times bigger than than of Netflix. Martin is keeping her Strong Buy rating on Apple shares, stating that the new subscription services will reduce churn, and lower churn is positive for Apple valuation.
03/26/19
JEFF
03/26/19
NO CHANGE
Target $160
JEFF
Hold
Apple building true Netflix competitor, and that's not cheap, says Jefferies
Yesterday's event makes it clear that Apple (AAPL) intends to build a true competitor to Netflix (NFLX), "and they don't come cheap," Jefferies analyst Timothy O'Shea tells investors in a research note. The analyst sees "limited pricing power" for Apple given its small content library at launch. Further, if Apple "is playing the long game here it could pressure financials for years," says O'Shea. The $9.99 per month Apple News+ service "seems compelling but the limited geographic rollout likely constrains its impact." he adds. O'Shea keeps a Hold rating on Apple with a $160 price target. The stock closed yesterday down $2.31 to $188.74. Netflix closed up $5.22 to $366.23.
AMZN Amazon.com
$1,774.02

9.06 (0.51%)

03/21/19
DADA
03/21/19
NO CHANGE
Target $2450
DADA
Buy
Amazon.com 10-k highlights India investment risks, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $2,450 price target on Amazon after reviewing its 10-K filing. The analyst says the company reiterated its concerns with investing in India which is "actively considering changing its foreign investment rules." While it remains unclear how the regulation would impact Amazon's business in the country, the analyst states that its "heavy investment" in the county over the past several years and sees the possibility of regulatory changes as a "material threat".
03/26/19
MSCO
03/26/19
NO CHANGE
Target $10
MSCO
Equal Weight
Ford addition of Amazon veteran as CFO encouraging, says Morgan Stanley
After Ford (F) announced it has hired 20-year Amazon (AMZN) veteran Tim Stone as CFO, Morgan Stanley analyst Adam Jonas said he is encouraged by the addition of outside talent and thinks Stone's perspectives "can have a powerful impact" at a critical time for the company. Jonas sees the new CFO's potential priorities being to position Ford to be able to fund the business during an eventual downturn; manage the continued financing of receivables at Ford Credit into a tougher environment; fund its ambitious restructuring efforts and strategic initiatives; and communicate the story of Ford's value. The analyst maintains an Equal Weight rating and $10 price target on Ford shares.
03/20/19
JEFF
03/20/19
NO CHANGE
JEFF
Amazon risk still manageable for beauty retailers, says Jefferies
Jefferies analyst Stephanie Wissink said Amazon's (AMZN) launch of a value priced private label skincare brand, Belei, "came as a bit of a surprise," adding that her sense from contacts inside and outside of the e-commerce company is that the launch is meant to establish a stronger presence, refine a more robust beauty platform and provide data to improve access to national brands. Wissink said it has become increasingly competitive for smaller brands to get into Sephora and Ulta (ULTA) and she expects Amazon to gain access to a growing number of small brands. Wissink points to Ulta's recent strong report as an indicator that with the right, curated assortment, the company is able to protect its position and gain share. Publicly traded skincare and beauty product makers include Estee Lauder (EL), Revlon (REV), Coty (COTY) and e.l.f. Beauty (ELF).
ROKU Roku
$66.79

3.27 (5.15%)

03/26/19
SBSH
03/26/19
NO CHANGE
Target $53
SBSH
Neutral
Citi sees Apple TV offering as 'slight incremental negative' for Roku
The Apple (AAPL) TV offering announced yesterday is a "slight incremental negative" for Roku (ROKU), Citi analyst Mark May tells investors in a research note. Given that the Apple TV app is ad-free and given that popular apps from well-established companies have historically not driven material direct ad revenue for Roku, it's possible that the inclusion of the Apple TV app on Roku devices will not drive meaningful incremental direct ad revenue, May contends. Further, he believes the Apple TV app could cannibalize time spent on other apps on Roku where it is able to monetize ad inventory. May notes that the Apple TV app will be directly carried on several smart TVs, which could reduce the need in some cases for consumers to purchase a standalone Roku device or a Roku-powered TV. The analyst sees the primary offset to these risks as being that the Apple TV app will be available on Roku devices, "which will keep it competitive in the market from a content selection perspective." May keeps a Neutral rating on Roku with a $53 price target. The stock closed yesterday up $2.99 to $66.90.
03/14/19
NEED
03/14/19
NO CHANGE
Target $85
NEED
Buy
Roku price target raised to $85 from $65 at Needham
Needham analyst Laura Martin raised her price target on Roku (ROKU) to $85 and kept her Buy rating, saying its 14% stock price decline yesterday was "overdone" while maintaining her view of the company as the "top pick for 2019". The analyst cites the company's position of an "arms dealer", aggregating 5K 3rd party streaming video apps into one platform. She also believes that "every new streaming service", including the upcoming offerings from Disney (DIS), AT&T (T) and Apple (AAPL) will sign contracts allowing for viewing on Roku device, adding that "TV advertisers" will have to follow the viewers since some 10M Roku users have no linear TV access. Moreover, Martin contends that Roku is in position to expand internationally or possibly be acquired.
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.
CMCSA Comcast
$39.21

-0.35 (-0.88%)

12/07/18
WOLF
12/07/18
INITIATION
Target $48
WOLF
Outperform
Comcast Comcast initiated with an Outperform at Wolfe Research
Wolfe Research initiated Comcast with an Outperform rating and $48 price target.
02/11/19
KEYB
02/11/19
NO CHANGE
Target $216
KEYB
Overweight
Workday price target raised to $216 from $179 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Workday (WDAY) to $216 from $179 on improving cloud growth prospects. The analyst notes that analysis of Key First Look Data: Jobs has exposed an unannounced F50 HCM win at UPS (UPS) that began hiring for the global HR transformation team in January. The data also exposed unannounced F100 HCM wins at Comcast (CMCSA; CMCSK), CapitalOne (COF), and Centene (CNC), although job dates suggest these deals may have closed in the October quarter. The January data also exposed a new cloud financials win at Adecco (AHEXY), Bracelin adds. The analyst reiterates an Overweight rating on Workday's shares.
01/25/19
HSBC
01/25/19
DOWNGRADE
Target $24
HSBC
Reduce
Dish downgraded to Reduce from Hold at HSBC
HSBC analyst Sunil Rajgopal downgraded Dish (DISH) to Reduce from Hold and cut his price target on the shares to $24 from $38, advocating that investors choose "sturdy carriers" such as Verizon (VZ), T-Mobile (TMUS), AT&T (T) and Comcast (CMCSA). For 2019, Rajgopal expects more fragmentation in the content/pay-TV business as more players enter the OTT content market and he expects the pay TV base to shrink further.
01/24/19
JPMS
01/24/19
NO CHANGE
Target $44
JPMS
Overweight
Comcast target raised to $44 on 'strong' Q4 at JPMorgan
JPMorgan analyst Philip Cusick raised his price target for Comcast to $44 from $42 saying the company reported "strong" Q4 results, including better cable revenue generating units and margins. Further, the analyst says video competition has eased in the last six months and that he's confident it will continue to do so for the next year. Cusick reiterates an Overweight rating on Comcast while highlighting the company's 8.1% free cash flow yield.

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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

04:55
04/20/19
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04:55
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Conference/Events
MSC Industrial management to meet with William Blair »

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KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

19:48
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Kingsway Financial announces receipt of notification letter from NYSE »

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AWK

American Water

$104.63

2.32 (2.27%)

19:46
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Hot Stocks
American Water signs contract to acquire East Pasadena Water Company »

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FSNN

Fusion

$0.24

0.0048 (2.01%)

19:45
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Fusion sees being delisted following receipt of Nasdaq delisting notice »

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PSA

Public Storage

$217.43

0.81 (0.37%)

19:42
04/19/19
04/19
19:42
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Hot Stocks
Public Storage announces change of Chief Legal Officer »

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V

Visa

$160.14

-0.33 (-0.21%)

19:40
04/19/19
04/19
19:40
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Hot Stocks
Visa board elects Visa CEO Al Kelly as Chair »

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NAVB

Navidea

$0.17

0.0001 (0.06%)

19:39
04/19/19
04/19
19:39
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19:39
Hot Stocks
Navidea announces one-for-twenty reverse stock split »

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TISA

Top Image Systems

$0.84

-0.0069 (-0.81%)

19:37
04/19/19
04/19
19:37
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Hot Stocks
Top Image sees voluntarily delisting to be complete before Nasdaq deadline »

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FCPT

Four Corners Property Trust

$28.17

0.49 (1.77%)

19:33
04/19/19
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19:33
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Hot Stocks
Four Corners Property Trust acquires restaurant properties for $2.6M »

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PRK

Park National

$93.98

-2.72 (-2.81%)

19:32
04/19/19
04/19
19:32
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19:32
Earnings
Park National reports Q1 EPS $1.62, two estimates $1.61 »

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STNE

StoneCo

$26.50

-8.25 (-23.74%)

19:29
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19:29
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Hot Stocks
StoneCo says latest incentive offers from competitors don't change strategy »

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  • 11

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GPIC

Gaming Partners

$13.09

(0.00%)

19:24
04/19/19
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19:24
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Hot Stocks
Gaming Partners sees acquisition by Angel closing on May 1 »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:04
04/19/19
04/19
17:04
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17:04
Conference/Events
Charles Schwab to hold a webcast »

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General news
Breaking General news story  »

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MMNFF

MedMen

$0.00

(0.00%)

11:13
04/19/19
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11:13
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Hot Stocks
MedMen announces resignations of COO and General Counsel »

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

11:08
04/19/19
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Hot Stocks
Turkcell sees conclusion of $4.2B lawsuit against MTN this year »

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
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04/19
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Earnings
1st Constitution Bancorp reports Q1 EPS 39c, two estimates 36c »

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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
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Hot Stocks
Qumu announces death of director Thomas Madison »

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FAT

Fat Brands

$5.15

0.065 (1.28%)

10:54
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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

10:52
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Heritage Insurance announces preliminary Q1 catastrophe losses of $15.4M »

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COTY

Coty

$11.27

0.02 (0.18%)

10:48
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NTES

NetEase

$265.88

-2.34 (-0.87%)

10:45
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NetEase announces music license agreement with Nippon Columbia »

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09:10
04/19/19
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09:10
04/19/19
09:10
General news
Today's U.S. housing report revealed March declines »

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U.S. housing starts fell 0.3% to 1.139 M in March »

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Housing Starts to be reported at 08:30 »

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