Breaking News Instant updates and real-time market news.

SHOP

Shopify

$201.92

-3.3 (-1.61%)

10:17
04/04/19
04/04
10:17
04/04/19
10:17

Shopify puts lead calls 5:1 as shares slide

Shopify puts lead calls 5:1 as shares slide. The stock off 1.8% to $201.37 and touched a morning low of $199.06 after Citron Research said the stock will fall to $100 over the next twelve months. Players in the options market are more focused on what will happen to Shopify shares over the next day because more than two-thirds of the volume is in the April 5th term: led by 202.5, 190, and 207.5 puts. Total volume is 4.5K puts and 900 calls. 30-day implied volatility flat at 50, with earnings due around 4/30.

SHOP Shopify
$201.92

-3.3 (-1.61%)

03/19/19
RBCM
03/19/19
NO CHANGE
RBCM
Outperform
Shopify could lose some future payments volume to Instagram, says RBC Capital
After Facebook's (FB) Instagram announced in a blog post that it is adding in-app checkout, RBC Capital analyst Ross MacMillan explained that he views the risk to Shopify (SHOP) being that native Instagram Checkout could take some gross payments volume share in the future, some of which would have been Shopify's. As it stands today, merchants can link Instagram as a channel to their Shopify platform and transactions occur through the Shopify checkout, which would generate payments volume and revenue, assuming that merchant uses Shopify Payments, said MacMillan. However, he added that he thinks volumes from Instagram purchases are "very small" today. MacMillan has an Outperform rating on Shopify shares.
03/19/19
JEFF
03/19/19
NO CHANGE
JEFF
Hold
Jefferies understands Shopify concerns following 'Checkout on Instagram'
Shares of Shopify traded down modestly today on the announcement of "Checkout on Instagram," a feature that will allow users to complete purchases without leaving the app, Jefferies analyst Samad Samana tells investors in a research note. Facebook's (FB) Instagram will charge merchants a selling fee and partner with PayPal (PYPL) for payment processing, the analyst points out. He understands the investor concerns since Shopify partners with Instagram. Samana, however, believes most merchants will continue to rely on their underlying e-commerce platform to complete most online transactions, manage their stores and inventory. Further, merchants succeeding on multiple channels could increase the likelihood of using a platform like Shopify to manage their business, the analyst contends. He points out, though, that if merchants choose to adopt "Checkout on Instagram", PayPal would provide the payment processing for the gross merchandise volume generated on Instagram rather than directing back to a merchant's Shopify store to process the transaction. This could be a headwind for Shopify's Payments revenue growth, says Samana. He keeps a Hold rating on the shares with a $175 price target. The stock closed the trading day down 2%, or $3.68, to $202.09.
03/19/19
BTIG
03/19/19
NO CHANGE
BTIG
Neutral
BTIG sees limited impact to Etsy from 'Checkout on Instagram'
Facebook's (FB) "Checkout on Instagram" announced today focuses on large sellers, which means it is not yet a competitor of Etsy (ETSY), BTIG analyst Marvin Fong tells investors in a research note titled "In Instagram, Sellers Could Soon Have a New Sales Channel, But We See Limited Impact to Etsy." However, Instagram mentions in its blog post that in the future it will work with Shopify-type (SHOP) platforms, indicating that it intends to reach into the small-to-medium size businesses, the analyst adds. He points out that BuzzFeed even identified Etsy as a future target of Checkout by name. Fong's quick analysis, which "pessimistically" assumes Instagram can convert 10% of an Etsy seller's Instagram followers, puts the impact to Etsy's volume at around 2%. The analyst estimates about 41% of large Etsy sellers are already able to integrate with Instagram. He also found that found that ~25% of large Etsy sellers have no Instagram presence. Fong keeps a Neutral rating on Etsy.
03/27/19
MACQ
03/27/19
NO CHANGE
Target $230
MACQ
Outperform
Shopify price target raised to $230 from $204 at Macquarie
Macquarie analyst Gus Papageorgiou raised his price target on Shopify (SHOP) to $230 and kept his Outperform rating as part of his broader research note on payment technology providers titled "Turning Millenials into Capitalists". The analyst believes that the company's mimicking of Wix.com (WIX) tactics should allow its international business to grow. Papageorgiou also expects wider adoption of Shopify's Capital, Payments, and Shipping services by merchants.

TODAY'S FREE FLY STORIES

AZZ

AZZ Inc.

$45.54

-1.08 (-2.32%)

06:21
05/20/19
05/20
06:21
05/20/19
06:21
Hot Stocks
AZZ Inc. appoints Grant Thornton as accounting, audit firm »

AZZ Inc. announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    May

XOG

Extraction Oil & Gas

$3.97

-0.2 (-4.80%)

06:20
05/20/19
05/20
06:20
05/20/19
06:20
Initiation
Extraction Oil & Gas initiated  »

Extraction Oil & Gas…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BP

BP

$42.34

0.02 (0.05%)

06:18
05/20/19
05/20
06:18
05/20/19
06:18
Periodicals
BP ramped up Arctic drilling campaign after Trump's election, Guardian reports »

BP ramped up its campaign…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    May

DAL

Delta Air Lines

06:18
05/20/19
05/20
06:18
05/20/19
06:18
Downgrade
Delta Air Lines rating change  »

Delta Air Lines…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    May

  • 12

    Jun

  • 20

    Jun

SRCI

SRC Energy

$5.46

-0.06 (-1.09%)

06:18
05/20/19
05/20
06:18
05/20/19
06:18
Initiation
SRC Energy initiated  »

SRC Energy resumed with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PDCE

PDC Energy

$36.67

-0.55 (-1.48%)

06:16
05/20/19
05/20
06:16
05/20/19
06:16
Initiation
PDC Energy initiated  »

PDC Energy resumed with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    May

UAL

United Continental

$81.52

-1.07 (-1.30%)

06:15
05/20/19
05/20
06:15
05/20/19
06:15
Upgrade
United Continental rating change  »

United Continental…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    May

  • 22

    May

  • 29

    May

KEYS

Keysight Technologies

$81.88

-3.33 (-3.91%)

06:14
05/20/19
05/20
06:14
05/20/19
06:14
Downgrade
Keysight Technologies rating change  »

Keysight Technologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    May

CRZO

Carrizo Oil & Gas

$12.92

-0.07 (-0.54%)

06:13
05/20/19
05/20
06:13
05/20/19
06:13
Initiation
Carrizo Oil & Gas initiated  »

Carrizo Oil & Gas…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DISH

Dish

$35.33

0.27 (0.77%)

, SATS

EchoStar

$40.42

-0.21 (-0.52%)

06:13
05/20/19
05/20
06:13
05/20/19
06:13
Hot Stocks
Dish to acquire EchoStar BSS Business in all-stock transaction valued at $800M »

Dish (DISH) and EchoStar…

DISH

Dish

$35.33

0.27 (0.77%)

SATS

EchoStar

$40.42

-0.21 (-0.52%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MO

Altria Group

$52.34

0.19 (0.36%)

06:11
05/20/19
05/20
06:11
05/20/19
06:11
Periodicals
Capital Re buys Juul shares valuing company over $38B, NY Post reports »

Capital Re has purchased…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AACAY

AAC Technologies

$0.00

(0.00%)

06:10
05/20/19
05/20
06:10
05/20/19
06:10
Upgrade
AAC Technologies rating change  »

AAC Technologies upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NTES

NetEase

$266.54

-12.69 (-4.54%)

, DIS

Disney

$135.04

-0.46 (-0.34%)

06:10
05/20/19
05/20
06:10
05/20/19
06:10
Hot Stocks
NetEase enters strategic partnership with Marvel Entertainment »

NetEase (NTES) and Marvel…

NTES

NetEase

$266.54

-12.69 (-4.54%)

DIS

Disney

$135.04

-0.46 (-0.34%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 24

    Jun

LH

LabCorp

$164.45

-0.5 (-0.30%)

, DGX

Quest Diagnostics

$97.24

0.76 (0.79%)

06:10
05/20/19
05/20
06:10
05/20/19
06:10
Recommendations
LabCorp, Quest Diagnostics, UnitedHealth analyst commentary  »

LabCorp price target…

LH

LabCorp

$164.45

-0.5 (-0.30%)

DGX

Quest Diagnostics

$97.24

0.76 (0.79%)

UNH

UnitedHealth

$241.42

4.15 (1.75%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 29

    May

  • 31

    May

  • 03

    Jun

  • 23

    Jun

LPX

Louisiana-Pacific

$23.88

-0.29 (-1.20%)

06:09
05/20/19
05/20
06:09
05/20/19
06:09
Upgrade
Louisiana-Pacific rating change  »

Louisiana-Pacific…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Nov

RDY

Dr. Reddy's

$39.31

-0.86 (-2.14%)

06:09
05/20/19
05/20
06:09
05/20/19
06:09
Downgrade
Dr. Reddy's rating change  »

Dr. Reddy's…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

JACK

Jack in the Box

$82.22

3.27 (4.14%)

06:09
05/20/19
05/20
06:09
05/20/19
06:09
Upgrade
Jack in the Box rating change  »

Jack in the Box upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

  • 27

    Jun

  • 08

    Aug

TGT

Target

$70.88

-0.06 (-0.08%)

06:09
05/20/19
05/20
06:09
05/20/19
06:09
Upgrade
Target rating change  »

Target upgraded to Equal…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    May

  • 22

    May

  • 12

    Jun

MIK

Michaels

$10.46

-0.145 (-1.37%)

06:08
05/20/19
05/20
06:08
05/20/19
06:08
Downgrade
Michaels rating change  »

Michaels downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Jun

SATS

EchoStar

$40.42

-0.21 (-0.52%)

, DISH

Dish

$35.33

0.27 (0.77%)

06:08
05/20/19
05/20
06:08
05/20/19
06:08
Hot Stocks
EchoStar announces agreement to transfer BSS Business to Dish »

EchoStar (SATS) announced…

SATS

EchoStar

$40.42

-0.21 (-0.52%)

DISH

Dish

$35.33

0.27 (0.77%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PLD

Prologis

$76.65

-0.18 (-0.23%)

06:08
05/20/19
05/20
06:08
05/20/19
06:08
Downgrade
Prologis rating change  »

Prologis downgraded to In…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Jun

  • 04

    Jun

LSI

Life Storage

$95.51

-0.3 (-0.31%)

06:08
05/20/19
05/20
06:08
05/20/19
06:08
Upgrade
Life Storage rating change  »

Life Storage upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    May

  • 04

    Jun

EOG

EOG Resources

06:07
05/20/19
05/20
06:07
05/20/19
06:07
Upgrade
EOG Resources rating change  »

EOG Resources upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    May

  • 29

    May

EQT

EQT Corporation

$20.80

-0.2 (-0.95%)

06:07
05/20/19
05/20
06:07
05/20/19
06:07
Upgrade
EQT Corporation rating change  »

EQT Corporation upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XEC

Cimarex Energy

$68.58

-0.69 (-1.00%)

06:06
05/20/19
05/20
06:06
05/20/19
06:06
Upgrade
Cimarex Energy rating change  »

Cimarex Energy upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    May

  • 22

    May

  • 22

    May

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.