Breaking News Instant updates and real-time market news.

AAPL

Apple

$173.27

-1.73 (-0.99%)

, FB

Facebook

$163.96

-13.45 (-7.58%)

17:12
06/03/19
06/03
17:12
06/03/19
17:12

House panel chairman announces probe into competition in digital markets

House Antitrust Subcommittee Chairman David N. Cicilline announced a bipartisan investigation into competition in digital markets. The investigation will include a series of hearings held by the Subcommittee on Antitrust, Commercial and Administrative Law on the rise of market power online, as well as requests for information that are relevant to the investigation. "The growth of monopoly power across our economy is one of the most pressing economic and political challenges we face today. Market power in digital markets presents a whole new set of dangers," said Antitrust Subcommittee Chairman David N. Cicilline. "After four decades of weak antitrust enforcement and judicial hostility to antitrust cases, it is critical that Congress step in to determine whether existing laws are adequate to tackle abusive conduct by platform gatekeepers or whether we need new legislation to respond to this challenge." The Committee's investigation will focus on three main areas: Documenting competition problems in digital markets; Examining whether dominant firms are engaging in anti-competitive conduct; and assessing whether existing antitrust laws, competition policies, and current enforcement levels are adequate to address these issues. "Big Tech plays a huge role in our economy and our world," said Ranking Member Collins. "As tech has expanded its market share, more and more questions have arisen about whether the market remains competitive. Our bipartisan look at competition in the digital markets gives us the chance to answer these questions and, if necessary, to take action. I appreciate the partnership of Chairman Nadler, Subcommittee Chairman Cicilline and Subcommittee Ranking Member Sensenbrenner on these important issues." Companies that are reportedly to be investigated over antitrust concerns include Apple (AAPL), Facebook (FB), Google (GOOG), and Amazon (AMZN). Reference Link

AAPL

Apple

$173.27

-1.73 (-0.99%)

FB

Facebook

$163.96

-13.45 (-7.58%)

GOOG

Alphabet

$1,036.08

-67.61 (-6.13%)

GOOGL

Alphabet Class A

$1,039.69

-66.81 (-6.04%)

AMZN

Amazon.com

$1,692.33

-82.59 (-4.65%)

  • 03

    Jun

  • 03

    Jun

  • 19

    Jun

  • 19

    Jun

  • 25

    Jun

  • 10

    Jul

  • 27

    Oct

AAPL Apple
$173.27

-1.73 (-0.99%)

05/31/19
TIGR
05/31/19
NO CHANGE
TIGR
Strong Buy
Apple weakness on China tensions 'major buy opportunity', says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Strong Buy rating on Apple, saying the recent weakness in its shares on U.S.-China trade-related weakness is a "major buying opportunity." The analyst says Apple continues to create value from its ecosystem through its Services business as it becomes a source of revenue growth and "further monetizes" the company's 1B iPhone user base. Feinseth also cites the company's "focus on healthcare services", which Apple CEO Cook expects to be the company's "long-lasting legacy." Moreover, the analyst points to Apple's development of new AI technologies along with AR/VR capabilities to be used in its current and future products.
06/03/19
PIPR
06/03/19
NO CHANGE
Target $230
PIPR
Overweight
Piper survey shows 'surprisingly high amount of interest' in 5G iPhones
Apple will likely ship 5G iPhones in the second half of 2020, and while still early to be talking about the devices, the 5G iPhone's "integration into the investor narrative" around Apple shares has already begun, Piper Jaffray analyst Michael Olson tells investors in a research note. The analyst's survey of over 1,000 U.S. iPhone owners shows that nearly 20% are interested in purchasing a 5G iPhone. This is a "surprisingly high amount of interest" given limited 5G marketing to date and the high price point, says Olson. He believes interest in 5G "will only grow from here." While the analyst thinks excitement around this year's iPhones will be limited, he believes that as long as Apple's services revenue continues to perform well, it will "tide many investors over" until anticipation for 5G iPhones intensifies. He maintains an Overweight rating on Apple shares with a $230 price target. The stock closed Friday down $3.23 to $175.07.
05/30/19
MSCO
05/30/19
NO CHANGE
Target $231
MSCO
Overweight
Apple price target lowered to $231 from $240 at Morgan Stanley
Morgan Stanley analyst Katy Huberty lowered her price target on Apple shares to $231 from $240 to reflect peer multiple contraction given the risk of further restrictive trade measures, though she has not changed her estimates. She has been forecasting 37M iPhone shipments in the June quarter, but if she assumes Chinese demand significantly weakens and iPhone shipments fall 50% year-over-year, than she would expect 2.3M lower iPhone units, $1.6B lower revenue and a 5c impact to EPS, with all else being equal, Huberty tells investors. She sees the greatest near-term risk to Apple being that Chinese consumers meaningfully slow their purchases of Apple products, which would likely cause another round of estimate cuts. However, in the event the U.S. places a 25% tax on all Chinese imports to the U.S. with no exclusions, Huberty said she sees 19-23% downside to Apple's FY20 EPS. The analyst, who sees the "near-term floor" for Apple shares being around $160, keeps an Overweight rating on the stock.
05/28/19
COWN
05/28/19
NO CHANGE
Target $245
COWN
Outperform
China trade damage could result in lower Apple earnings, says Cowen
Cowen analyst Krish Sankar assessed the potential damage to Apple's earnings from the China trade war. He estimates a 5%-30% unit demand destruction across all hardware sales could impact earnings by 1%-8%. The analyst said in the case of a 100% demand destruction, meaning the iPhones is banned in China, he estimates a roughly 26% impact to FY20 earnings. Sankar maintained his Outperform rating and $245 price target on Apple shares.
FB Facebook
$163.96

-13.45 (-7.58%)

05/29/19
PIVT
05/29/19
INITIATION
Target $220
PIVT
Buy
Facebook initiated with a Buy at Pivotal Research
Pivotal Research analyst Michael Levine started Facebook with a Buy rating and $220 price target. The analyst views the 2019 consensus estimates for Facebook as conservative.
05/29/19
CHRS
05/29/19
INITIATION
Target $245
CHRS
Buy
Facebook initiated with a Buy, a top pick at China Renaissance
China Renaissance analyst Ella Ji initiated Facebook with a Buy and $245 price target, naming it a top pick in US Internet. The analyst expects Instagram to become a "well-rounded online marketing" and "content-driven e-commerce platform" that will drive ad and commission revenue.
05/29/19
05/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Facebook (FB), and Twitter (TWTR) were initiated with a Buy at Pivotal Research, while Alphabet (GOOG, GOOGL), Pinterest (PINS), and Snap (SNAP) were initiated with a Hold. 2. Anchiano Therapeutics (ANCN) initiated with an Outperform at Baird. 3. Slack Technologies (WORK) initiated with a Neutral at DA Davidson. 4. National Vision (EYE) initiated with a Buy at Berenberg. 5. IMV Inc. (IMV) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/03/19
BOFA
06/03/19
NO CHANGE
Target $1350
BOFA
Buy
DOJ's Google probe could embolden critics of tech giants, says BofA/Merrill
After the Wall Street Journal reported late Friday that the U.S. Department of Justice is preparing to open an investigation into Google's (GOOG, GOOGL) compliance with antitrust laws, BofA/Merrill analyst Justin Post said that while FTC commissioners have voted in the past not to pursue a lawsuit and possible breakup of Google, the current climate "is somewhat different." In a research note to investors, Post says antitrust probes are "difficult to predict," and that if the DOJ moves ahead, an investigation would likely embolden critics of Facebook (FB), Amazon (AMZN) and other tech giants as well, causing rhetoric to heat up during the 2020 election year. Potential implications for Google could include new regulations on business practices or an antitrust investigation leading to a breakup, but to break up Google, the DOJ would likely have to file a lawsuit and convince judges that Google has undermined competition. Post has a Buy rating and $1,350 price target on shares of Google parent Alphabet.
GOOG Alphabet
$1,036.08

-67.61 (-6.13%)

05/29/19
PIVT
05/29/19
INITIATION
Target $1250
PIVT
Hold
Alphabet initiated with a Hold at Pivotal Research
Pivotal Research analyst Michael Levine started Alphabet with a Hold rating and $1,250 price target. Lacking expansion of margins or greater disclosure, the shares are unlikely to re-rate higher and will likely always be "cheap," Levine tells investors in a research note.
06/03/19
LOOP
06/03/19
INITIATION
Target $1250
LOOP
Hold
Alphabet initiated with a Hold at Loop Capital
Loop Capital started Alphabet (GOOGL) with a Hold rating and $1,250 price target. The firm does not expect the company's "narrow" valuation premium to change until its margins inflect.
GOOGL Alphabet Class A
$1,039.69

-66.81 (-6.04%)

05/29/19
CHRS
05/29/19
INITIATION
CHRS
Hold
Alphabet Class A initiated with a Hold at China Renaissance
China Renaissance analyst Ella Ji initiated Alphabet with a Hold and $1,270 price target telling investors to wait for a better stock opportunity. The analyst expects YouTube to experience some near-term volatility as it addresses safety and privacy.
AMZN Amazon.com
$1,692.33

-82.59 (-4.65%)

06/03/19
LOOP
06/03/19
NO CHANGE
Target $2380
LOOP
Buy
Amazon.com price target raised to $2,380 from $2,200 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target for Amazon.com to $2,380 from $2,200 and reiterates a Buy rating on the shares.
05/31/19
JPMS
05/31/19
NO CHANGE
JPMS
Verizon, AT&T selloffs present buying opportunities, says JPMorgan
JPMorgan analyst Philip Cusick believes Amazon.com (AMZN) is unlikely to enter the wireless market via an acquisition of Boost Mobile, as reported last night by Reuters. As a result, he believes the selloffs today in shares of Verizon Communications (VZ) and AT&T (T) present buying opportunities.
05/31/19
OPCO
05/31/19
NO CHANGE
OPCO
Outperform
AT&T, Verizon may trade down on Amazon/Boost Mobile news, says Oppenheimer
Following reports that Amazon (AMZN) is interested in buying Boost Mobile from T-Mobile (TMUS) and Sprint (S), Oppenheimer analyst Timothy Horan tells investors in a research note that he believes a deal would be "highly disruptive" to the industry, but would enable the merger approval for the Sprint-T-Mobile deal. The analyst sees Outperform-rated AT&T (T) and Perform-rated Verizon (VZ) trading down on the news, and Sprint trading higher.

TODAY'S FREE FLY STORIES

HA

Hawaiian Holdings

$30.25

0.78 (2.65%)

16:04
10/22/19
10/22
16:04
10/22/19
16:04
Hot Stocks
Hawaiian Holdings sees FY19 ASMs up 1.9%-2.4% »

Sees FY19 cost per ASM…

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

    Oct

DAVA

Endava

$40.90

-0.62 (-1.49%)

16:04
10/22/19
10/22
16:04
10/22/19
16:04
Initiation
Endava initiated  »

Endava initiated with a…

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

    Nov

  • 20

    Nov

  • 21

    Nov

HA

Hawaiian Holdings

$30.23

0.76 (2.58%)

16:03
10/22/19
10/22
16:03
10/22/19
16:03
Hot Stocks
Hawaiian Holdings sees Q4 ASMs up 3.0%-4.5% »

Sees Q4 Operating revenue…

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

    Oct

MAXR

Maxar Technologies

$8.12

0.25 (3.18%)

16:03
10/22/19
10/22
16:03
10/22/19
16:03
Hot Stocks
Maxar Technologies, Australian Space Agency sign cooperative pact »

Maxar 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

  • 30

    Oct

MPWR

Monolithic Power

$143.71

-1.74 (-1.20%)

16:03
10/22/19
10/22
16:03
10/22/19
16:03
Earnings
Monolithic Power reports Q3 EPS $1.08, consensus $1.06 »

Reports Q3 revenue…

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

    Oct

  • 13

    Nov

  • 14

    Nov

  • 15

    Nov

  • 20

    Nov

HA

Hawaiian Holdings

$30.25

0.78 (2.65%)

16:02
10/22/19
10/22
16:02
10/22/19
16:02
Earnings
Hawaiian Holdings reports Q3 adjusted EPS $1.72, consensus $1.69 »

Reports Q3 revenue…

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

    Oct

CSL

Carlisle

$145.27

0.03 (0.02%)

16:02
10/22/19
10/22
16:02
10/22/19
16:02
Earnings
Carlisle Companies reports Q3 EPS $2.40, consensus $2.29 »

Reports Q3 revenue…

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

    Oct

  • 13

    Nov

  • 13

    Nov

  • 18

    Nov

  • 19

    Nov

ANGO

AngioDynamics

$14.48

-0.23 (-1.56%)

16:02
10/22/19
10/22
16:02
10/22/19
16:02
Hot Stocks
AngioDynamics announces departure of CFO Michael Greiner, affirms FY20 outlook »

AngioDynamics announced…

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

TXN

Texas Instruments

$128.47

-2.46 (-1.88%)

16:02
10/22/19
10/22
16:02
10/22/19
16:02
Earnings
Texas Instruments sees Q4 EPS 91c-$1.09, consensus $1.28 »

Sees Q4 revenue…

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

    Oct

SLNO

Soleno Therapeutics

$1.50

0.03 (2.04%)

16:02
10/22/19
10/22
16:02
10/22/19
16:02
Syndicate
Soleno Therapeutics files to sell common stock, no amount given »

Oppenheimer & Co.…

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

TXN

Texas Instruments

$128.49

-2.44 (-1.86%)

16:01
10/22/19
10/22
16:01
10/22/19
16:01
Earnings
Texas Instruments reports Q3 EPS $1.49, consensus $1.42 »

Reports Q3 revenue…

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

    Oct

IRBT

iRobot

$54.41

-1.29 (-2.32%)

16:00
10/22/19
10/22
16:00
10/22/19
16:00
Hot Stocks
Breaking Hot Stocks news story on iRobot »

iRobot trading halted,…

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

    Oct

  • 13

    Nov

  • 09

    Dec

PLAN

Anaplan

$43.25

-1.1 (-2.48%)

15:55
10/22/19
10/22
15:55
10/22/19
15:55
Options
Anaplan put volume heavy and directionally bearish »

Bearish flow noted 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

KDMN

Kadmon

$2.95

-0.13 (-4.22%)

15:49
10/22/19
10/22
15:49
10/22/19
15:49
Conference/Events
Kadmon management to meet with Cantor Fitzgerald »

Luncheon Meeting to be…

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

    Oct

AA

Alcoa

$20.84

0.38 (1.86%)

15:45
10/22/19
10/22
15:45
10/22/19
15:45
Options
Alcoa call volume above normal and directionally bullish »

Bullish option flow…

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

TSLA

Tesla

$256.41

2.88 (1.14%)

15:36
10/22/19
10/22
15:36
10/22/19
15:36
Periodicals
EV startup Zoox saysTesla fully self-driving cars won't happen in 2020, BI says »

Jesse Levinson, 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

  • 23

    Oct

IRBT

iRobot

$54.77

-0.93 (-1.67%)

15:34
10/22/19
10/22
15:34
10/22/19
15:34
Options
iRobot options imply 25.3% move in share price post-earnings »

Pre-earnings options…

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

    Oct

  • 13

    Nov

  • 09

    Dec

LYFT

Lyft

$43.30

2.44 (5.97%)

15:32
10/22/19
10/22
15:32
10/22/19
15:32
Recommendations
Lyft analyst commentary  »

Jefferies raises…

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

    Oct

  • 07

    Nov

  • 19

    Nov

SJMHF

SJM Holdings

$0.00

(0.00%)

15:22
10/22/19
10/22
15:22
10/22/19
15:22
Upgrade
SJM Holdings rating change  »

SJM Holdings 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

TXN

Texas Instruments

$129.18

-1.75 (-1.34%)

15:19
10/22/19
10/22
15:19
10/22/19
15:19
Options
Texas Instruments options imply 6.5% move in share price post-earnings »

Pre-earnings options…

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

    Oct

BA

Boeing

$338.82

7.7 (2.33%)

15:17
10/22/19
10/22
15:17
10/22/19
15:17
Hot Stocks
Boeing confirms Deal to succeed McAllister as CEO of Boeing Commercial Airplanes »

Boeing named Stan Deal 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

  • 23

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
10/22/19
10/22
15:17
10/22/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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

$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
10/22/19
10/22
15:16
10/22/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

BA

Boeing

$338.80

7.68 (2.32%)

15:15
10/22/19
10/22
15:15
10/22/19
15:15
Hot Stocks
Breaking Hot Stocks news story on Boeing »

Boeing confirms Deal 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

  • 23

    Oct

BA

Boeing

$339.26

8.14 (2.46%)

15:10
10/22/19
10/22
15:10
10/22/19
15:10
Periodicals
Boeing commercial airline executive leaving company, NY Times says »

Kevin McAllister, 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

  • 23

    Oct

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.