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GOOG

Alphabet

$1,166.07

-14.77 (-1.25%)

, GOOGL

Alphabet Class A

$1,170.16

-14.95 (-1.26%)

14:18
05/07/19
05/07
14:18
05/07/19
14:18

Google previews using voice technology for car bookings, Reuters reports

Alphabet's Google demonstrated at the company's annual I/O event how to use voice technology that allows users to make rental car bookings for upcoming trips by just asking the company's virtual assistant tool, Reuters' Paresh Dave reports. The feature, which Google demonstrated with with National Car Rental's website, builds on Google's recent push to integrate more AI-enabled features into Google Assistant, Dave says. The company also unveiled augmented reality technology that lets users view renderings of some specialized visual search results, the author notes. Reference Link

GOOG

Alphabet

$1,166.07

-14.77 (-1.25%)

GOOGL

Alphabet Class A

$1,170.16

-14.95 (-1.26%)

  • 14

    May

  • 17

    May

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    Oct

GOOG Alphabet
$1,166.07

-14.77 (-1.25%)

04/30/19
DBAB
04/30/19
NO CHANGE
Target $1300
DBAB
Buy
Alphabet price target lowered to $1,300 from $1,385 at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley lowered his price target for Alphabet to $1,300 from $1,385 saying maturation fears are rising after he company's revenue growth slowed in Q1. Alphabet reported "weak" results with Google Sites growth excluding currency ticking down by 4 percentage points, cost growth ahead of revenue growth, a "vocal commitment" to invest with less signal on discipline than last quarter's comments, and a continued focus on the low-margin hardware space which is struggling with sales declines in the flagship product, Walmsley tells investors in a post-earnings research note. He also thinks management did a poor job explaining the slowdown. The analyst, despite lowering his estimates, keeps a Buy rating on Alphabet. He thinks the stock's valuation is attractive on a long-term basis.
04/30/19
MSCO
04/30/19
NO CHANGE
Target $1425
MSCO
Overweight
Alphabet price target lowered to $1,425 from $1,500 at Morgan Stanley
Morgan Stanley analyst Brian Nowak noted that this quarter was the first in the last 17 in which Alphabet's Websites revenue grew less than 20% ex-foreign exchange. While the company pointed to "the timing of product changes in ads" as a factor that drove the deceleration, it did not provide any clarity on what the changes were, whether the impact will be linear, or whether there are more such changes to come, noted Nowak, who sees the need for better transparency as key to long-term valuation at Alphabet. Following the quarterly report, he lowered his FY19 and FY20 EBITDA estimates by1% and 3%, respectively, and cut his price target on Alphabet shares to $1,425 from $1,500. Nowak keeps an Overweight rating on the stock.
04/30/19
OPCO
04/30/19
NO CHANGE
Target $1342
OPCO
Outperform
Alphabet price target lowered to $1,342 from $1,435 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for Alphabet to $1,342 from $1,435 following quarterly results, while reiterating an Outperform rating on the shares. Despite weaker ad results and lower core margins year over year, the analyst notes that Alphabet is a "cash cow," dominating search, and compounding its core business, with numerous new initiatives at just 11-times 2020 EBITDA and 21-times free cash flow.
04/30/19
04/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying Alphabet revenue growth in last night's Q1 results dropped below 20% for the first time since Q2 of 2015. 2. Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities. 3. Trade Desk (TTD) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey saying he believes shares are currently fairly valued given the company's growth and opportunities in mobile and Connected TV. 4. ADP (ADP) downgraded to Market Perform from Outperform at Bernstein while Paychex (PAYX) was downgraded to Underperform from Market Perform. 5. Trex Company (TREX) downgraded to Neutral from Buy at B. Riley FBR with analyst Alex Rygiel citing near-term profit margin pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOGL Alphabet Class A
$1,170.16

-14.95 (-1.26%)

04/30/19
FBCO
04/30/19
NO CHANGE
Target $1400
FBCO
Outperform
Credit Suisse remains a buyer of Alphabet following quarterly results
Credit Suisse analyst Stephen Ju says that despite incremental signs of free cash flow beginning to grow again, as well as ongoing moderation of core segment operating margin compression, he expects FX-neutral revenue growth deceleration to 19% year over year to weigh on Alphabet shares. As the benefits from the investments Google continues to incur toward generating new streams of revenue are nontransparent, Ju suspects that from a tactical perspective the bear argument that it needs to spend to maintain growth in its current businesses will get louder. That said, the analyst notes that while the Street has implicitly modeled the costs around the company's various longer duration products, revenue is not yet reflected, and hence he remains a buyer of the shares on that optionality. He reiterates an Outperform rating and $1,400 price target on the shares.
04/30/19
BMOC
04/30/19
NO CHANGE
Target $1150
BMOC
Market Perform
Alphabet price target lowered to $1,150 from $1,200 at BMO Capital
BMO Capital analyst Daniel Salmon lowered his price target on Alphabet (GOOGL) to $1,150 after its Q1 revenue missed expectations, ending the run of 10 of 11 quarters of top-line beats. The analyst says the company offered little color on slowing revenue outside of stating that the "timing of product changes in ads" impacted growth and warns that consensus earnings for the year have added risk. Salmon also keeps his Market Perform rating on Alphabet, stating that the Street may underestimate margin erosion from its negative revenue mix-shift while pointing to Amazon's (AMZN) rise of advertising business as a competitive threat.
05/01/19
DZBN
05/01/19
DOWNGRADE
DZBN
Hold
Alphabet downgraded to Hold from Buy at DZ Bank

TODAY'S FREE FLY STORIES

PINS

Pinterest

$26.69

0.68 (2.61%)

08:37
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KSHB

KushCo Holdings

$0.00

(0.00%)

08:32
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JWN

Nordstrom

$37.09

0.16 (0.43%)

08:24
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Nordstrom stock a 'can't miss bargain.' Barron's says »

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NTDOY

Nintendo

$0.00

(0.00%)

, TTWO

Take-Two

$106.76

-0.81 (-0.75%)

08:10
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Take-Two 'winning the game,' Barron's says »

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NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$106.76

-0.81 (-0.75%)

DIS

Disney

$135.04

-0.46 (-0.34%)

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TPR

Tapestry

$30.78

-0.56 (-1.79%)

, REGN

Regeneron

$304.81

-4.69 (-1.52%)

08:01
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Periodicals
Regeneron, Tapestry among cheap stocks to ride out trade war, Barron's says »

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TPR

Tapestry

$30.78

-0.56 (-1.79%)

REGN

Regeneron

$304.81

-4.69 (-1.52%)

SCHW

Charles Schwab

$43.21

-0.94 (-2.13%)

BWA

BorgWarner

$36.27

-0.375 (-1.02%)

AMAT

Applied Materials

$42.72

-1.56 (-3.52%)

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MT

ArcelorMittal

$16.37

-0.485 (-2.88%)

, CLF

Cleveland-Cliffs

$10.02

-0.08 (-0.79%)

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On The Fly
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MT

ArcelorMittal

$16.37

-0.485 (-2.88%)

CLF

Cleveland-Cliffs

$10.02

-0.08 (-0.79%)

SCHN

Schnitzer Steel

$23.16

0.42 (1.85%)

BRSS

Global Brass and Copper

$43.09

-0.01 (-0.02%)

LXFR

Luxfer

$25.41

-0.44 (-1.70%)

MTRN

Materion

$66.36

0.155 (0.23%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$14.84

-0.01 (-0.07%)

F

Ford

$10.29

-0.1 (-0.96%)

GM

General Motors

$37.00

-0.36 (-0.96%)

HMC

Honda

$25.64

-0.135 (-0.52%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$118.40

-1.44 (-1.20%)

VWAGY

Volkswagen

$0.00

(0.00%)

SHOO

Steven Madden

$31.49

-0.37 (-1.16%)

GIII

G-III Apparel

$31.82

-0.35 (-1.09%)

IIVI

II-VI

$32.66

-1.64 (-4.78%)

LITE

Lumentum

$46.30

-4.15 (-8.23%)

MU

Micron

$36.06

-1.37 (-3.66%)

WDC

Western Digital

$44.62

-0.82 (-1.80%)

COHR

Coherent

$121.28

-5.22 (-4.13%)

LASR

nLight

$21.21

-1.27 (-5.65%)

VECO

Veeco

$12.50

-0.25 (-1.96%)

NPTN

NeoPhotonics

$3.83

-0.7 (-15.45%)

AAPL

Apple

$188.97

-0.93 (-0.49%)

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WMT

Walmart

$100.88

-0.56 (-0.55%)

17:59
05/17/19
05/17
17:59
05/17/19
17:59
Hot Stocks
Walmart EVP Furner sells 10K shares of common stock »

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XOM

Exxon Mobil

$75.91

-0.44 (-0.58%)

, REPYY

Repsol

$0.00

(0.00%)

17:56
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05/17
17:56
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17:56
Periodicals
Exxon Gulf of Mexico sale gets interest from Repsol, Ineos, Bloomberg says »

Exxon Mobil (XOM) has…

XOM

Exxon Mobil

$75.91

-0.44 (-0.58%)

REPYY

Repsol

$0.00

(0.00%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$106.74

0.04 (0.04%)

, SHY

iShares 1-3 Year Treasury Bond

$84.15

0.02 (0.02%)

17:43
05/17/19
05/17
17:43
05/17/19
17:43
General news
Weekly CFTC Commitment of Traders highlights »

2-YEAR U.S. TREASURY net…

IEF

iShares 7-10 Year Treasury Bond ETF

$106.74

0.04 (0.04%)

SHY

iShares 1-3 Year Treasury Bond

$84.15

0.02 (0.02%)

SPY

SPDR S&P 500 ETF Trust

$285.98

-1.87 (-0.65%)

SLV

iShares Silver Trust

$13.52

-0.14 (-1.02%)

GLD

SPDR Gold Shares

$120.64

-0.86 (-0.71%)

FXE

Euro Currency Trust

$106.35

-0.13 (-0.12%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$285.98

-1.87 (-0.65%)

17:39
05/17/19
05/17
17:39
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17:39
Periodicals
IMF's Lagarde: U.S.-China trade spat may be risk to global economy, Reuters says »

IMF managing director…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$285.98

-1.87 (-0.65%)

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HIG

Hartford Financial

$53.58

-0.02 (-0.04%)

17:34
05/17/19
05/17
17:34
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17:34
Syndicate
Breaking Syndicate news story on Hartford Financial »

Hartford Financial files…

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  • 11

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AFH

Atlas Financial

$0.91

0.0225 (2.53%)

17:33
05/17/19
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17:33
Hot Stocks
Atlas Financial receives filing delinquency notice from Nasdaq »

Atlas Financial received…

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WES

Western Gas Partners

$30.60

-0.155 (-0.50%)

17:29
05/17/19
05/17
17:29
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17:29
Syndicate
Breaking Syndicate news story on Western Gas Partners »

Western Gas Partners…

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BA

Boeing

$354.99

0.5 (0.14%)

17:24
05/17/19
05/17
17:24
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Hot Stocks
Boeing awarded $163.91M Navy contract modification »

Boeing has been awarded a…

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LMT

Lockheed Martin

$338.10

-2.39 (-0.70%)

17:18
05/17/19
05/17
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17:18
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Lockheed Martin subsidiary awarded $1.13B Navy contract modification »

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COTY

Coty

$13.50

0.25 (1.89%)

17:14
05/17/19
05/17
17:14
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17:14
Hot Stocks
Coty exec Pieraccioni acquires 93,100 common shares »

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AMR

Alta Mesa Resources

$0.18

-0.0027 (-1.50%)

17:14
05/17/19
05/17
17:14
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17:14
Hot Stocks
Alta Mesa Resources receives noncompliance notification from Nasdaq »

Nasdaq notified Alta Mesa…

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NJR

New Jersey Resources

$49.82

-0.03 (-0.06%)

17:06
05/17/19
05/17
17:06
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17:06
Hot Stocks
New Jersey Resources' Trice sells 12,000 common shares »

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  • 21

    May

AHC

A.H. Belo

$3.82

-0.075 (-1.93%)

17:03
05/17/19
05/17
17:03
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17:03
Hot Stocks
A.H. Belo sells former Dallas Morning News campus for $31.6M »

A. H. Belo announced that…

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TLRA

Telaria

$8.56

0.2 (2.39%)

17:01
05/17/19
05/17
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17:01
Hot Stocks
Telaria director Rossman sells 173K shares of common stock »

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03/08/13
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  • 28

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HL

Hecla Mining

$1.53

0.015 (0.99%)

16:58
05/17/19
05/17
16:58
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16:58
Syndicate
Breaking Syndicate news story on Hecla Mining »

Hecla Mining files to…

03/08/13
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INNT

Innovate Biopharmaceuticals

$1.59

-0.095 (-5.65%)

16:57
05/17/19
05/17
16:57
05/17/19
16:57
Syndicate
Breaking Syndicate news story on Innovate Biopharmaceuticals »

Innovate files to sell…

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JONE

Jones Energy

$0.00

(0.00%)

16:56
05/17/19
05/17
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16:56
Hot Stocks
Jones Energy emerges from bankruptcy »

Jones Energy announced…

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HPP

Hudson Pacific

$34.33

-0.15 (-0.44%)

16:44
05/17/19
05/17
16:44
05/17/19
16:44
Hot Stocks
Hudson Pacific CFO sells ~57K shares of common stock »

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03/08/13
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  • 23

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GLYC

GlycoMimetics

$12.42

-0.43 (-3.35%)

16:36
05/17/19
05/17
16:36
05/17/19
16:36
Syndicate
Breaking Syndicate news story on GlycoMimetics »

GlycoMimetics files $250M…

03/08/13
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    May

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