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INTC

Intel

$55.52

0.99 (1.82%)

, AAPL

Apple

$195.39

1.69 (0.87%)

05:41
04/04/19
04/04
05:41
04/04/19
05:41

Intel misses deadline to deliver 5G modem for 2020 iPhones, Fast Company says

Intel (INTC) has missed deadlines for the development of the XMM 8160 5G modem for the 2020 iPhones, Fast Company's Mark Sullivan reports, citing a source with knowledge of the situation. The company was said to be the sole provider of the 5G modems for the 2020 iPhones. An Intel spokesperson commented that "As we said in November 2018, Intel plans to support customer device launches in 2020 with its XMM 8160 5G multimode modem," but a source says Apple (AAPL) has lost confidence in Intel to deliver the chip. Reference Link

INTC

Intel

$55.52

0.99 (1.82%)

AAPL

Apple

$195.39

1.69 (0.87%)

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INTC Intel
$55.52

0.99 (1.82%)

04/03/19
STFL
04/03/19
NO CHANGE
Target $50
STFL
Hold
Stifel 'not convinced' market looking for 'all-Intel' data solution
Coming away from Intel's (INTC) "well attended" Data Centric Day where the company announced seven new products, Stifel analyst Kevin Cassidy said he views the highlight of the event as the "impressive list" of customer testimonials that came from companies including AWS (AMZN), Google (GOOGL), Microsoft Azure (MSFT) and SAP (SAP). He sees Intel's developing strategy to transform from a PC centric company to a data centric one as addressing the indirect competitive threats from GPUs, FPGAs, ASICs, and Network Processors, but Cassidy said he is not convinced the market is looking for an "all-Intel" solution. He keeps a Hold rating and $50 price target on Intel shares.
04/03/19
MKMP
04/03/19
NO CHANGE
Target $58
MKMP
Buy
Intel innovation day highlights its data-centric portfolio, says MKM Partners
MKM Partners analyst Ruben Roy kept his Buy rating and $58 price target on Intel after the company's "innovation day" presentations by executives and industry partners "highlighted the key trends driving data growth and the opportunities ahead in cloud computing applications and emerging 5G networks." The analyst cites the event's key takeaways being Intel's "enhanced data-centric product portfolio, the launch of 2nd-generation Xeon Scalable CPUs with integrated learning acceleration, new network optimized products including platform solutions for 5G and cloud applications, and updated Optane persistent memory for data center applications. Roy contends that Intel's diversification toward data-centric businesses reflect its confidence of being able to participate in a $300B data-centric total addressable market.
04/03/19
BOFA
04/03/19
NO CHANGE
Target $62
BOFA
Buy
Intel Innovation Day shows alignment with 'major megatrends', says BofA/Merrill
BofA/Merrill analyst Vivek Arya kept his Buy rating and $62 price target on Intel (INTC) after its "Data-Centric Innovation Day" event. The analyst says the tone of the discussions was "positive" and the presentations showcased the company's continued alignment with "major megatrends" which include "transition to the cloud, AI proliferation, and the 'cloudification' of the network." Arya adds that Intel's expanding product breadth "can help offset share losses to AMD (AMD) ahead of its expected launch of its next-gen 7nm server CPUs this summer.
04/03/19
04/03/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GrubHub (GRUB) initiated with a Buy at BTIG. 2. AMD (AMD) and Intel (INTC) initiated with a Buy at Nomura Instinet, while Nvidia (NVDA) and Xilinx (XLNX) were initiated with a Neutral. 3. Futu (FHL) initiated with a Neutral at Goldman Sachs. 4. Square (SQ) initiated with a Market Perform at Bernstein. 5. DowDuPont (DWDP) and Dow Inc. (DOW) initiated with a Buy at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
AAPL Apple
$195.39

1.69 (0.87%)

04/02/19
JPMS
04/02/19
NO CHANGE
Target $435
JPMS
Overweight
Netflix recent underperformance brings good buying opportunity, says JPMorgan
Netflix (NFLX) shares are up 4% since its Q4 earnings report but are still underperforming the S&P 500 Index's 9% rally and average Internet peer gain of 8% despite the "strong" results, JPMorgan analyst Doug Anmuth tells investors in a research note. The analyst believes Netflix shares have been weighed down by uncertainty around the U.S./Latin America price increase impact on churn net additions in the first half of 2019, as well as the overhang from competitor launches out of Disney (DIS) and Apple (AAPL). However, the recent Netflix share price underperformance represents a good buying opportunity, Anmuth contends. He notes that he recently added the stock as one of his top picks along with Facebook (FB), Amazon.com (AMZN) and Twitter (TWTR). Anmuth believes the underlying secular shift toward on-demand entertainment "remains strong" and that competitive fears around Netflix are overdone. The company is on track to have 200M-plus global paid subscribers in 2021 and its U.S. revenue growth should accelerate from Q1 levels through 2019, contends the analyst. He reiterates an overweight rating on Netflix with a $435 price target, which represents 19% upside from current levels. The streaming service closed yesterday up $10.40, or 3%, to $366.96.
04/02/19
04/02/19
UPGRADE
Target $85

Overweight
Qorvo upgraded to Overweight on increased confidence after Asia trip at KeyBanc
As previously reported, KeyBanc analyst Weston Twigg upgraded Qorvo (QRVO) to Overweight from Sector Weight, with an with an $85 price target given increasing confidence from his Asia trip indicating market share gains in the next-generation Apple (AAPL) iPhone in the mid-high band PAD. Further, the analyst believes the company is significantly better positioned to benefit from the 5G upgrade cycle given the architectural shift to massive MIMO and its ascending position with its GaN IP and assets, and sees stabilizing iPhone demand and improving China smartphone demand related to Huawei pull-ins. Additionally, Twigg sees favorable risk/reward from a stock perspective, as there is a significant amount of skepticism in Qorvo's ability to regain share.
04/02/19
KEYB
04/02/19
NO CHANGE
Target $335
KEYB
Overweight
Broadcom price target raised to $335 from $310 at KeyBanc
KeyBanc analyst Weston Twigg raised his price target for Broadcom (AVGO) to $335 from $310 given stabilizing Apple (AAPL) iPhone demand. While losing share to Qorvo (QRVO) in the next-generation iPhone represents a slight negative for Broadcom, the analyst sees minimal risk to forward estimates, as he believes this will be more than offset by content gains associated with the iPhone adoption of 802.11ax, easy year over year unit iPhone compares, and RF FE TAM expansion. Twigg reiterates an Overweight rating on the shares.
04/03/19
UBSW
04/03/19
NO CHANGE
Target $215
UBSW
Buy
Apple's iPhone may be 'already at replacement', says UBS
UBS analyst Timothy Arcuri kept his Buy rating and $215 price target on Apple (AAPL), saying that while his "field work" suggests that the company may not be able to ship a 5G iPhone in 2020 because Intel (INTC) may not be "ready with a single chip backward compatible 5G modem", he sees iPhones as being "already at replacement". The analyst adds that Intel should or will discontinue or sell its modem operations, and that the buyer could be Apple.

TODAY'S FREE FLY STORIES

CNSL

Consolidated Communications

$6.03

-2.86 (-32.17%)

14:29
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14:29
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Consolidated Communications rating change at Raymond James »

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BB

BlackBerry

$9.11

0.205 (2.30%)

14:25
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14:25
Options
BlackBerry call volume above normal and directionally bullish »

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TSLA

Tesla

$247.99

-10.71 (-4.14%)

14:24
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04/25
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14:24
Hot Stocks
Tesla to delay $1,000 full self-driving price hike until May 10, CEO says »

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YUMA

Yuma Energy

$0.47

0.1991 (72.40%)

14:22
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Hot Stocks
Breaking Hot Stocks news story on Yuma Energy »

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WEC

WEC Energy

$78.05

1.09 (1.42%)

14:21
04/25/19
04/25
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14:21
Earnings
WEC Energy sees Q2 EPS 70c-72c, consensus 74c »

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MDP

Meredith

$58.39

0.04 (0.07%)

14:19
04/25/19
04/25
14:19
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14:19
Periodicals
Breaking Periodicals news story on Meredith »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
04/25/19
04/25
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

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CNSL

Consolidated Communications

$6.09

-2.805 (-31.55%)

14:16
04/25/19
04/25
14:16
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14:16
Downgrade
Consolidated Communications rating change at Raymond James »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
04/25/19
04/25
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Technical Analysis
NYSE market internals summary »

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WEC

WEC Energy

$77.97

1.01 (1.31%)

14:12
04/25/19
04/25
14:12
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14:12
Earnings
WEC Energy sees FY19 EPS at high end of $3.48-$3.52 range, consensus $3.51 »

Says on track to add…

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F

Ford

$9.41

-0.17 (-1.77%)

, GM

General Motors

$39.12

-0.61 (-1.54%)

14:10
04/25/19
04/25
14:10
04/25/19
14:10
Earnings
Fly Intel: What to watch in auto sector earnings reports »

Ford (F) is scheduled to…

F

Ford

$9.41

-0.17 (-1.77%)

GM

General Motors

$39.12

-0.61 (-1.54%)

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CPRI

Capri Holdings

$44.85

-1.26 (-2.73%)

14:05
04/25/19
04/25
14:05
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14:05
Options
Capri Holdings call volume above normal and directionally bullish »

Bullish option flow…

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14:00
04/25/19
04/25
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General news
Treasury Action: the market has eroded slightly »

Treasury Action: the…

CLB

Core Laboratories

$66.31

-6.595 (-9.05%)

13:51
04/25/19
04/25
13:51
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13:51
Recommendations
Core Laboratories analyst commentary at Stifel »

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AVP

Avon Products

$3.13

0.175 (5.92%)

13:49
04/25/19
04/25
13:49
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13:49
Periodicals
Natura said to be in advanced talks to acquire Avon, Valor Economico says »

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DLPH

Delphi Technologies

$22.60

-2 (-8.13%)

13:45
04/25/19
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13:45
Options
Delphi call volume above normal and directionally bullish »

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ADTN

Adtran

$17.39

-0.38 (-2.14%)

13:40
04/25/19
04/25
13:40
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13:40
Earnings
Adtran VP Roger Shannon sold over $100K in company shares »

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AVYA

Avaya

$20.22

0.895 (4.63%)

13:34
04/25/19
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13:34
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Periodicals
Mitel offering to combine with Avaya in stock deal worth over $2B, WSJ says »

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TECK.B

Teck Corp.

$0.00

(0.00%)

13:34
04/25/19
04/25
13:34
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13:34
Conference/Events
Teck Corp. management to meet with B.Riley FBR »

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  • 30

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CWT

California Water Service

$49.43

-0.57 (-1.14%)

13:32
04/25/19
04/25
13:32
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13:32
Upgrade
California Water Service rating change at Wells Fargo »

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  • 25

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BHC

Bausch Health

$23.18

0.16 (0.70%)

13:30
04/25/19
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Breaking Hot Stocks news story on Bausch Health »

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AVYA

Avaya

$20.20

0.875 (4.53%)

13:28
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04/25
13:28
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13:28
Periodicals
Mitel offers to combine with Avaya in stock deal, WSJ says »

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  • 15

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CLVS

Clovis

$19.43

-0.4 (-2.02%)

13:25
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13:25
Options
Clovis call volume above normal and directionally bullish »

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AGN

Allergan

$140.66

0.98 (0.70%)

, TEVA

Teva

$15.07

0.065 (0.43%)

13:25
04/25/19
04/25
13:25
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Conference/Events
Piper Jaffray specialty pharma analysts to hold analyst/industry conference call »

Specialty Pharmaceuticals…

AGN

Allergan

$140.66

0.98 (0.70%)

TEVA

Teva

$15.07

0.065 (0.43%)

ALDR

Alder Biopharmaceuticals

$13.95

0.29 (2.12%)

AMGN

Amgen

$179.82

1.56 (0.88%)

BHVN

Biohaven Pharmaceutical

$62.30

-0.855 (-1.35%)

LLY

Eli Lilly

$117.99

(0.00%)

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ZM

Zoom Video

$64.49

1.175 (1.86%)

13:21
04/25/19
04/25
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13:21
Hot Stocks
Zoom, Slack announce new partnership »

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