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SPOT

Spotify

$132.43

-5.51 (-3.99%)

, FB

Facebook

$181.47

-6.97 (-3.70%)

16:18
05/13/19
05/13
16:18
05/13/19
16:18

Spotify is testing 'Storyline' for artists to share info, Tech Crunch says

According to Tech Crunch's Sarah Perez, Spotify (SPOT) is in the process of testing "its own version of Stories," which other social apps like Snapchat (SNAP) and Instagram and has since made its way to other apps like Facebook (FB), YouTube (GOOG), WhatsApp. With Spotify it's named "Storyline, and the focus is on allowing artists to share their own insights, inspiration, details about their creative process, or other meanings behind the music." Reference Link

SPOT

Spotify

$132.43

-5.51 (-3.99%)

FB

Facebook

$181.47

-6.97 (-3.70%)

SNAP

Snap

$10.11

-0.38 (-3.62%)

GOOG

Alphabet

$1,133.14

-31.86 (-2.73%)

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SPOT Spotify
$132.43

-5.51 (-3.99%)

03/13/19
KEYB
03/13/19
NO CHANGE
KEYB
Sector Weight
KeyBanc says Spotify complaint a risk to Apple given significant merit of claim
After Spotify (SPOT) filed a complaint with the European Commission claiming Apple (AAPL) has implemented anti-competitive practices in App Store policies, KeyBanc analyst Andy Hargreaves said he believe Spotify's claim has "significant merit" and are likely to carry significant weight when presented to the EC's competition committee. He sees the most significant financial risk to Apple coming from a forced requirement to allow first party and other third party payment processing from within apps, which Hargreaves said would likely drive the current 30% rate Apple collects "down substantially." The complaint also creates brand risk in addition to financial risk, according to the analyst, who keeps a Sector Weight rating on Apple shares.
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.
03/29/19
FBCO
03/29/19
INITIATION
Target $120
FBCO
Underperform
Spotify initiated with an Underperform at Credit Suisse
Credit Suisse analyst Brian Russo initiated Spotify with an Underperform rating and $120 price target. In a research note to investors, Russo says that while he expects significant subscriber and revenue growth, he believes consensus multiyear expectations for its subscribers and margins are too high and sees risk as ongoing battles over content costs support concerns around Spotify's profit potential.
04/26/19
MSCO
04/26/19
NO CHANGE
MSCO
Overweight
Spotify should be long-term winner as streaming music grows, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said that competition concerns and perceived label tensions have recently weighed on Spotify (SPOT) shares, but he reiterates his Overweight rating and $170 price target on the stock ahead of the company's upcoming Q1 report on Monday. He continues to see a significant runway for growth at Spotify given its leadership position in Android, the largest mobile ecosystem globally, as well as its higher engagement level relative to competitors such as Amazon Music (AMZN), the analyst tells investors. Streaming now accounts for 47% of global music industry revenue, per IFPI, and should surpass 50% of music industry revenues in 2019, noted Swinburne.
FB Facebook
$181.47

-6.97 (-3.70%)

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.
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.
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.
SNAP Snap
$10.11

-0.38 (-3.62%)

05/13/19
RBCM
05/13/19
INITIATION
Target $28
RBCM
Sector Perform
Pinterest initiated with a Sector Perform at RBC Capital
RBC Capital analyst Mark Mahaney initiated Pinterest with a Sector Perform rating and a price target of $28. The analyst is positive on the company's "very large market opportunity" in advertising and believes that it is benefiting from "powerful" secular tailwinds, boasting a monthly active user, or MAU, count above that of Twitter (TWTR) and growing the MAUs faster than Snap (SNAP). Despite his belief than Pinterest can sustain a double-digit growth rate in MAUs and Average Revenue Per User until 2021, Mahaney sees its stock as "reasonably valued" after a 50% run-up from its IPO price.
04/24/19
04/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Eli Lilly (LLY) upgraded to Buy from Hold at Edward Jones. 2. Snap (SNAP) upgraded to In Line from Underperform at Evercore ISI and to Neutral from Underweight at JPMorgan. 3. Best Buy (BBY) upgraded to Buy from Hold at Jefferies with analyst Jonathan Matuszewski saying survey and data work suggest Best Buy's greater push toward services will drive long-term value and customer wallet share. 4. Procter & Gamble (PG) upgraded to Overweight from Equal Weight at Barclays with analyst Lauren Lieberman saying the market is shrugging off Procter & Gamble's 5% organic sales growth in its fiscal Q3, with many investors thinking this is the best it can get. 5. Sonoco (SON) upgraded to Buy from Hold at Argus with analyst David Coleman saying the stock has outperformed over the past 3 months, benefiting from its "accretive acquisitions, favorable pricing, improvements in productivity, and a lower effective tax rate." This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/19
JEFF
04/24/19
NO CHANGE
Target $13
JEFF
Hold
Snap shares already reflect Q1 improvements, says Jefferies
Jefferies analyst Brent Thill raised his price target for Snap to $13 from $11 but keeps a Hold rating on the shares following the company's Q1 results. Snap returned to user growth while also driving an acceleration of average revenue per user growth, Thill tells investors in a post-earnings research note. The analyst likes the trajectory of the business but believes the stock "already reflects these improvements."
GOOG Alphabet
$1,133.14

-31.86 (-2.73%)

05/13/19
MSCO
05/13/19
DOWNGRADE
Target $7
MSCO
Equal Weight
ADT Inc. downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Toni Kaplan downgraded ADT Inc. (ADT) to Equal Weight from Overweight as she has less confidence in the company's growth outlook following a recent AlphaWise survey conducted by the firm. The survey showed homeowners seem as inclined to buy DIY systems as ADT systems, that more ADT customers switched to DIY providers than she would have expected and that measure of brand preference for Amazon's (AMZN) Ring and Google's (GOOG) Nest were higher than for ADT, Kaplan explains. Given that the survey leads her to fear ADT may find it difficult to defend its market share, Kaplan lowered her price target on the stock to $7 from $9.
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.
05/08/19
05/08/19
UPGRADE
Target $25

Buy
Criteo upgraded to Buy at SunTrust on 'manageable' Chrome changes
As previously reported, SunTrust analyst Matthew Thornton upgraded Criteo (CRTO) to Buy from Hold as he sees the new data privacy developments in Google's (GOOG) Chrome look manageable, reducing the "major overhang" to the stock. Further, the analyst believes valuation is "compelling," and buybacks could provide a tailwind. Thornton also raised his price target on Criteo's shares to $25 from $24.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
08/20/19
08/20
16:17
08/20/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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SEDG

SolarEdge

$84.71

0.57 (0.68%)

16:16
08/20/19
08/20
16:16
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16:16
Hot Stocks
SolarEdge appoints Uri Bechor as COO »

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

16:16
08/20/19
08/20
16:16
08/20/19
16:16
Earnings
La-Z-Boy reports Q1 adjusted EPS 42c, consensus 34c »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
08/20/19
08/20
16:16
08/20/19
16:16
Technical Analysis
NYSE market internals summary »

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PLXS

Plexus

$57.04

-0.48 (-0.83%)

16:15
08/20/19
08/20
16:15
08/20/19
16:15
Hot Stocks
Plexus announces $50M share repurchase program »

Plexus announced that its…

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TOT

Total

$48.56

-0.38 (-0.78%)

16:15
08/20/19
08/20
16:15
08/20/19
16:15
Initiation
Total initiated  »

Total initiated with a…

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16:15
08/20/19
08/20
16:15
08/20/19
16:15
General news
Breaking General news story  »

San Francisco Federal…

XOM

Exxon Mobil

$69.03

-0.42 (-0.60%)

16:14
08/20/19
08/20
16:14
08/20/19
16:14
Initiation
Exxon Mobil initiated  »

Exxon Mobil initiated…

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LL

Lumber Liquidators

$8.42

0.36 (4.47%)

16:13
08/20/19
08/20
16:13
08/20/19
16:13
Hot Stocks
Lumber Liquidators founder Sullivan discloses 5.96% stake »

In a regulatory filing,…

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CVX

Chevron

$115.99

-1.31 (-1.12%)

16:12
08/20/19
08/20
16:12
08/20/19
16:12
Initiation
Chevron initiated  »

Chevron initiated with an…

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RDS.A

Royal Dutch Shell

$55.71

-0.37 (-0.66%)

16:11
08/20/19
08/20
16:11
08/20/19
16:11
Initiation
Royal Dutch Shell initiated  »

Royal Dutch Shell…

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BP

BP

$36.45

-0.41 (-1.11%)

16:11
08/20/19
08/20
16:11
08/20/19
16:11
Initiation
BP initiated  »

BP initiated with an…

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  • 27

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URBN

Urban Outfitters

$20.98

0.12 (0.58%)

16:09
08/20/19
08/20
16:09
08/20/19
16:09
Hot Stocks
Breaking Hot Stocks news story on Urban Outfitters »

Urban Outfitters down…

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  • 20

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SCSC

Scansource

$31.55

-0.24 (-0.75%)

16:09
08/20/19
08/20
16:09
08/20/19
16:09
Earnings
Scansource sees Q1 non-GAAP EPS 70c-75c, consensus 35c »

Sees Q1 revenue…

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  • 20

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URBN

Urban Outfitters

$20.97

0.11 (0.53%)

16:09
08/20/19
08/20
16:09
08/20/19
16:09
Hot Stocks
Urban Outfitters says total inventory increased by $64.4M as of July 31 »

As of July 31, total…

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URBN

Urban Outfitters

$20.96

0.1 (0.48%)

16:08
08/20/19
08/20
16:08
08/20/19
16:08
Hot Stocks
Urban Outfitters reports Q2 comparable retail segment net sales down 3% »

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URBN

Urban Outfitters

$20.92

0.06 (0.29%)

16:07
08/20/19
08/20
16:07
08/20/19
16:07
Earnings
Urban Outfitters reports Q2 EPS 61c, consensus 58c »

Reports Q2 revenue…

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SCSC

Scansource

$31.85

0.06 (0.19%)

16:06
08/20/19
08/20
16:06
08/20/19
16:06
Earnings
Scansource reports Q4 non-GAAP EPS 71c, consensus 43c »

Reports Q4 revenue…

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  • 20

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  • 19

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REI

Ring Energy

$1.66

-0.07 (-4.06%)

16:06
08/20/19
08/20
16:06
08/20/19
16:06
Earnings
Ring Energy releases mid-Q3 operations update »

Ring Energy released a…

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SYBX

Synlogic

$3.45

-1.37 (-28.42%)

16:06
08/20/19
08/20
16:06
08/20/19
16:06
Downgrade
Synlogic rating change  »

Synlogic downgraded to…

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CREE

Cree

$58.36

0.08 (0.14%)

16:03
08/20/19
08/20
16:03
08/20/19
16:03
Earnings
Cree sees Q1 adjusted EPS (7c)-(3c), consensus 15c »

Sees Q1 revenue…

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  • 20

    Aug

MOGO

Mogo Finance

$2.60

(0.00%)

16:03
08/20/19
08/20
16:03
08/20/19
16:03
Hot Stocks
Mogo Finance surpasses 900,000 member milestone »

Mogo announced it has…

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CREE

Cree

$58.35

0.07 (0.12%)

16:01
08/20/19
08/20
16:01
08/20/19
16:01
Earnings
Cree reports Q4 adjusted EPS 11c, consensus 10c »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 20

    Aug

BCRX

BioCryst

$2.70

0.025 (0.94%)

16:00
08/20/19
08/20
16:00
08/20/19
16:00
Conference/Events
BioCryst management to meet with JPMorgan »

Meeting to be held in New…

03/08/13
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03/06/13
Citigroup
03/06/13
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  • 22

    Aug

15:55
08/20/19
08/20
15:55
08/20/19
15:55
Conference/Events
Cantor Fitzgerald tech analyst to hold an analyst/industry conference call »

Technology & Business…

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