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FB

Facebook

$183.01

-5.43 (-2.88%)

13:07
05/13/19
05/13
13:07
05/13/19
13:07

Facebook raises minimum wages for U.S. contract workers to $20/hr

Janelle Gale, VP of HR and Arun Chandra, VP of Scaled Operations at Facebook, said in a statement: "Today we're committing to pay everyone who does contract work at Facebook in the US a wage that's more reflective of local costs of living. And for those who review content on our site to make sure it follows our community standards, we're going even further. We're going to provide them a higher base wage, additional benefits, and more supportive programs given the nature of their jobs... It's become clear that $15 per hour doesn't meet the cost of living in some of the places where we operate. After reviewing a number of factors including third-party guidelines, we're committing to a higher standard that better reflects local costs of living. This means a raise to a minimum of $20 per hour in the San Francisco Bay Area, New York City and Washington, D.C., and $18 per hour in Seattle. We'll be implementing these changes by mid-next year and we're working to develop similar standards for other countries. We'll pay at least $22 per hour to all employees of our vendor partners based in the Bay Area, New York City and Washington, D.C.; $20 per hour to those living in Seattle; and $18 per hour in all other metro areas in the US. Beyond pay, we're taking steps to better support the well-being and resilience of the teams that review content. We're working with our vendor partners to deliver ongoing well-being and resiliency training. For the first time, we're adding preferences that let reviewers customize how they view certain content. We're now requiring all vendor partners to provide on-site counseling during all hours of operations, not just certain hours of each shift. We're rolling out a resiliency survey to all partner sites around the world to get a better sense of the needs of our reviewers. We're working to make contracts across our Global Operations vendor partners consistent. This includes requirements like quality-focused incentives, no sub-contracting, overtime and premiums for nightshifts and weekends, and healthcare that meets the standards of the Affordable Care Act in the US and appropriate healthcare standards internationally." Reference Link

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FB Facebook
$183.01

-5.43 (-2.88%)

04/30/19
JPMS
04/30/19
NO CHANGE
Target $1310
JPMS
Overweight
Alphabet sub-20% sales growth to bring share pressure, says JPMorgan
JPMorgan analyst Doug Anmuth expects Alphabet (GOOGL) shares to be under pressure in the near-term given the company's sub-20% revenue growth in Q1 and downward earnings revisions. The exact drivers of Alphabet's slowing sales are unclear, and frustration around the company's lack of transparency will only increase, Anmuth tells investors in a post-earnings research note. The analyst, however, points out that Alphabet has maintained 20%-plus growth for a very long time, off a large base. He maintains an Overweight rating on the stock with a $1,310 price target but prefers shares of Facebook (FB), Amazon.com (AMZN) and Netflix (NFLX) to Alphabet.
04/30/19
JMPS
04/30/19
NO CHANGE
Target $1300
JMPS
Outperform
Alphabet price target lowered to $1,300 from $1,375 at JMP Securities
JMP Securities analyst Ronald Josey said competition "may have played a role" in Alphabet's (GOOGL) worse than expected Q1 revenue given that better than expected advertising results have recently been reported by Facebook (FB), Twitter (TWTR), Snap (SNAP) and Amazon (AMZN). However, he believes the "majority of the deceleration was self-imposed," he tells investors in a post-earnings research note. Some of the company's product changes, such as changes at YouTube's recommendation engine, likely acted as a headwind, the analyst surmised. Josey sees benefits from investments in hardware and Google Cloud and thinks that multiple monetization opportunities remain for Alphabet, leading him to maintain an Outperform rating on the stock, though he lowered his price target on shares to $1,300 from $1,375.
05/01/19
BARD
05/01/19
NO CHANGE
Target $118
BARD
Outperform
PayPal expressed confidence in intermediate earnings targets, says Baird
After attending an investor gathering with PayPal (PYPL) management, Baird analyst Colin Sebastian said his key takeaways from the meeting were management's ongoing confidence in intermediate-term earnings growth targets and the early signs of progress on expanding its marketplace partnerships, including news that PayPal will be providing the infrastructure for Facebook's (FB) Marketplace payment offering. Additionally, Sebastian noted that the UK Competition and Markets Authority issued a preliminary ruling that it does not believe PayPal's acquisition of iZettle raises any competitive concerns, which he sees as a key milestone to getting the deal approved. Sebastian keeps an Outperform rating and $118 price target on PayPal shares.
05/02/19
05/02/19
INITIATION
Target $65

Outperform
Wedbush bullish on Uber, initiates coverage with an Outperform
As previously reported, Wedbush analyst Ygal Arounian started coverage of Uber (UBER) with an Outperform and $65 price target. The analyst notes that the ridesharing industry has become one of the most transformational growth sectors of the global consumer market over the past five years, with Uber establishing itself as the clear number 1 player and paving a similar road to what Amazon (AMZN) did to transform retail/e-commerce and Facebook (FB) did for social media. The brand loyalty of Uber is hard to dispute as the company continues to attract drivers and consumers "illustrating an impressive formula" to go after a $5.7T opportunity globally on transportation, which swells to $7T-$8T when including third-party food delivery and freight/logistics, he contends.

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SUPV

Grupo Supervielle

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$31.28

-0.75 (-2.34%)

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Wyndham Hotels & Resorts

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HEB

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ServiceMaster

$57.84

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KEYS

Keysight Technologies

$89.14

1.85 (2.12%)

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HIW

Highwoods Properties

$43.92

0.14 (0.32%)

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Highwoods Properties to hold a conference call »

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$DJT

DJ Transportation Average

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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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PSTG

Pure Storage

$13.87

0.2 (1.46%)

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Pure Storage rating change  »

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IYT

iShares Transportation Average

$182.06

1.41 (0.78%)

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XLK

Technology Select Sector SPDR

$79.99

0.91 (1.15%)

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XLE

Energy Select Sector SPDR

$58.19

0.43 (0.74%)

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SNPS

Synopsys

$131.74

1.71 (1.32%)

08:23
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XLY

Consumer Discretionary Sector SPDR

$119.60

2.175 (1.85%)

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XLB

S&P Select Materials SPDR

$56.69

0.26 (0.46%)

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XLU

Utilities SPDR

$62.03

0.36 (0.58%)

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XLP

Consumer Staples Sector SPDR

$60.33

0.19 (0.32%)

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BC

Brunswick

$45.76

0.7 (1.55%)

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XLV

Health Care Select Sector SPDR

$91.30

0.63 (0.69%)

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IWM

iShares Trust Russell 2000 Index Fund

$150.35

1.24 (0.83%)

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DIA

Diamonds Fund ETF

$261.98

2.37 (0.91%)

08:21
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SPY

SPDR S&P 500 ETF Trust

$292.40

2.37 (0.82%)

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XLF

Financial Select Sector

$26.59

0.12 (0.45%)

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SMH

Market Vectors Semiconductor

$114.59

1.16 (1.02%)

08:20
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