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FB

Facebook

$173.34

5.06 (3.01%)

, GOOGL

Alphabet Class A

$1,068.81

22.58 (2.16%)

16:15
06/09/19
06/09
16:15
06/09/19
16:15

G20 to wrap up big tech tax rules by 2020, Reuters reports

Group of 20 finance ministers have agreed to compile common rules to close loopholes used by global tech giants such as Facebook (FB) to reduce their corporate taxes, Reuters' Stanley White and Jan Strupczewski report. Facebook, Google (GOOG; GOOGL), Amazon (AMZN) and other large technology companies face criticism for reducing their tax bills by booking profits in low-tax countries regardless of the location of the end customer, the authors note. Reference Link

FB

Facebook

$173.34

5.06 (3.01%)

GOOGL

Alphabet Class A

$1,068.81

22.58 (2.16%)

GOOG

Alphabet

$1,065.87

22.39 (2.15%)

AMZN

Amazon.com

$1,803.71

49.51 (2.82%)

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    Jun

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    Jun

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    Oct

FB Facebook
$173.34

5.06 (3.01%)

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.
06/04/19
RSBL
06/04/19
NO CHANGE
Target $242
RSBL
Buy
Likelihood of Facebook breakup 'still looks nil,' says Rosenblatt
Rosenblatt analyst Mark Zgutowicz says that while headline risk is increased after the Wall Street Journal speculated on an upcoming Federal Trade Commission investigation into Facebook's competitive positioning, the likelihood of a company breakup "still looks nil." The analyst continues to believe Facebook will not be forced to breakup, saying the market will be no less competitive with still two dominant scale advertising platforms. A spin-off of Instagram would not deliver the sought after anti-competitive restitution, Zgutowicz tells investors in a research note. The analyst reiterates a Buy rating on Facebook shares with a $242 price target. The stock closed yesterday down 7.5% to $164.15.
06/04/19
BARD
06/04/19
NO CHANGE
BARD
Risk of large-cap tech breakups 'fairly low,' says Baird
Following yesterday's multiple media reports that antitrust regulators were laying out their lines of responsibility if they choose to pursue investigations of Google (GOOGL), Amazon (AMZN), Facebook (FB) and Apple (AAPL), Baird analyst Colin Sebastian said he views the odds of "nuclear options," such as forced breakups of Google, Facebook or Amazon, as "fairly low." However, he sees the chances of anti-trust action short of breakups as "moderate" and thinks the odds of regulation around privacy and security are "relatively high." Sebastian thinks Amazon and Alibaba (BABA) could outperform other large-cap tech stocks amid the "specter of government intervention," though he also thinks positive revenue trends at Facebook could lead to a rebound after investors digest the current news.
06/04/19
RAJA
06/04/19
NO CHANGE
RAJA
Google has most antitrust risk, but still a buy on pullback, says Raymond James
Raymond James analyst Aaron Kessler noted that Alphabet (GOOG) shares fell 6%, Facebook (FB) declined over 7%, and Amazon (AMZN) dropped nearly 5% on Monday due to concerns around investigations from the Department of Justice and FTC and news after the close that House Antitrust Subcommittee Chairman David Cicilline announced a bipartisan investigation into competition in digital markets. While he believes Google has the most antitrust risk among the group given the history of fines by the European Commission, Kessler also noted that European fines have been relatively immaterial to Google's market cap and fundamentals. He views the pullback as a buying opportunity given that core fundamentals remain solid for Google, Facebook, and Amazon, calling the valuations of Alphabet and Facebook "particularly" attractive.
GOOGL Alphabet Class A
$1,068.81

22.58 (2.16%)

06/05/19
PIVT
06/05/19
NO CHANGE
Target $265
PIVT
Buy
Trade Desk price target raised to $265 from $255 at Pivotal Research
Pivotal Research analyst Michael Levine said he sees continued share gains by Trade Desk (TTD) relative to other DSPs based on data through May, leaving him comfortable with his above consensus forecasts for Q2. However, despite the company's "impressive position" in online, he acknowledges he "may have gotten slightly ahead of [his] skis regarding the ramp in connected TV" in the second half of 2019 and Levine trimmed his estimates for the second half. Greater regulatory scrutiny on Google (GOOG) by the DOJ would be positive for Trade Desk, added Levine, who raised his price target on Trade Desk to $265 from $255 and keeps a Buy rating on the shares.
06/07/19
DBAB
06/07/19
NO CHANGE
DBAB
Google acquisition only 'modest' negative for Tableau, says Deutsche Bank
Deutsche Bank analyst Karl Keirstead believes Google's (GOOG, GOOGL) acquisition of smaller Tableau Software (DATA) data analytics software rival Looker for $2.6B is only a "modest net negative" for Tableau. Even adjusted for Looker's faster growth rate, Google paid a "healthy premium" to Tableau's 2019 revenue multiple of seven-times and a "far cry" from the three-times forward revenue multiple that Thoma Bravo paid for Qlik back in mid-2016, Keirstead tells investors in a research note. The analyst affirms a Buy rating on Tableau Software.
06/06/19
DADA
06/06/19
NO CHANGE
Target $9
DADA
Buy
Cloudera price target lowered to $9 from $23 at DA Davidson
DA Davidson analyst Rishi Jaluria lowered his price target on Cloudera (CLDR) to $9 after its "disastrous" quarter with a reset of the company's recurring revenue expectations, resignation of its CEO, and weak bookings, as customers await the release of Cloudera Data Platform, or CDP. The analyst also points to Cloudera's higher churn, and increased competitiveness from Amazon's (AMZN) AWS, Microsoft's (MSFT) Azure, and Google's (GOOGL) GCP impacting the quarter. Jaluria cuts his FY21 EPS view to (19c) from 22c but maintains his Buy rating on Cloudera, citing his "glimmer of hope" that the company can reaccelerate growth with CDP or that either a private equity firm or IBM (IBM) would acquire it given the reduced 1.8-times enterprise value to expected 2020 revenue valuation.
06/07/19
DBAB
06/07/19
NO CHANGE
DBAB
Buy
Alphabet should bought ahead of Q4 growth acceleration, says Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley believes shares of Alphabet could be "range-bound this summer" given the growth deceleration in Q1 and a Department of Justice investigation more recently. That said, the analyst expects Alphabet 's growth to accelerate in Q4. He would take advantage of "summer blues" to build positions given his view that the company's new ad product can bolster growth in Q4 and 2020. He keeps a Buy rating on Alphabet shares.
GOOG Alphabet
$1,065.87

22.39 (2.15%)

AMZN Amazon.com
$1,803.71

49.51 (2.82%)

06/06/19
WELS
06/06/19
NO CHANGE
Target $145
WELS
Outperform
Microsoft Azure's growth still not fully appreciated, says Wells Fargo
Noting that Amazon Web Services (AMZN) entered the cloud computing market several years ahead of Microsoft (MSFT), Wells Fargo analyst Philip Winslow says that the latter has experienced more rapid revenue growth, creating a sizeable differential between Azure's and AWS's growth rates while simultaneously closing the dollar revenue gap over time. Although investors have turned more positive on Microsoft Azure, the analyst believes the full multi-year impact of Azure's growth potential is still not properly reflected in consensus estimates for Microsoft. He reiterates an Outperform rating and $145 price target on Microsoft's shares.
06/07/19
SBSH
06/07/19
NO CHANGE
SBSH
FedEx decision could mark 'beginning of the end' with Amazon, says Citi
Citi analyst Christian Wetherbee said FedEx's (FDX) strategic decision to not renew its domestic Express contract with Amazon (AMZN) will likely have an immaterial financial impact, given that the companies still will do other business and he assumes Amazon is a below-average margin customer. However, the "fairly bold pronouncement" from FedEx "could mark the beginning of the end" with Amazon, which he believes FedEx views as a long-term threat, Wetherbee tells investors. He sees the news as a positive strategic decision for FedEx, and does not expect a materially negative reaction in the shares, though it could add "further messiness" to guidance, the analyst added. In late day trading, FedEx shares are up 1% to $158.39.

TODAY'S FREE FLY STORIES

PM

Philip Morris

$79.12

0.8 (1.02%)

, HON

Honeywell

$163.86

0.2 (0.12%)

20:25
10/16/19
10/16
20:25
10/16/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

PM

Philip Morris

$79.12

0.8 (1.02%)

HON

Honeywell

$163.86

0.2 (0.12%)

UNP

Union Pacific

$163.31

0.11 (0.07%)

MS

Morgan Stanley

$42.82

0.28 (0.66%)

BBT

BB&T

$53.00

0.25 (0.47%)

STI

SunTrust

$68.28

0.23 (0.34%)

PPG

PPG

$118.89

0.665 (0.56%)

MTB

M&T Bank

$159.14

0.27 (0.17%)

KEY

KeyCorp

$17.70

-0.08 (-0.45%)

GPC

Genuine Parts

$97.72

-0.22 (-0.22%)

DOV

Dover

$95.71

-0.24 (-0.25%)

TXT

Textron

$50.52

-0.15 (-0.30%)

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    Nov

GLD

SPDR Gold Shares

$140.39

0.81 (0.58%)

20:11
10/16/19
10/16
20:11
10/16/19
20:11
Hot Stocks
SPDR Gold Shares holdings fall to 918.19MT from 919.66MT »

This is the second…

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ACB

Aurora Cannabis

$3.60

-0.15 (-4.00%)

19:20
10/16/19
10/16
19:20
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19:20
Hot Stocks
Aurora Cannabis to roll out vapes, concentrates, edibles in Canada in December »

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  • 12

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TEVA

Teva

$6.94

-0.02 (-0.29%)

19:20
10/16/19
10/16
19:20
10/16/19
19:20
Upgrade
Teva rating change at Gabelli »

Teva upgraded to Buy from…

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  • 07

    Nov

CAAP

Corporacion America Airport

$4.39

-0.09 (-2.01%)

19:14
10/16/19
10/16
19:14
10/16/19
19:14
Hot Stocks
Corporacion America Airport reports September passenger traffic up 1.2% »

Corporacion America…

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GM

General Motors

$36.65

0.38 (1.05%)

19:10
10/16/19
10/16
19:10
10/16/19
19:10
Periodicals
Tentative GM-UAW deal does not include reopening of Lordstown plant, NYP says »

A tentative agreement…

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  • 29

    Oct

LLNW

Limelight Networks

$3.10

-0.08 (-2.52%)

, NFLX

Netflix

$286.83

2.59 (0.91%)

18:55
10/16/19
10/16
18:55
10/16/19
18:55
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

LLNW

Limelight Networks

$3.10

-0.08 (-2.52%)

NFLX

Netflix

$286.83

2.59 (0.91%)

TCBI

Texas Capital

$54.33

-0.15 (-0.28%)

CSX

CSX

$68.99

-0.18 (-0.26%)

AA

Alcoa

$19.17

-0.28 (-1.44%)

CCI

Crown Castle

$134.76

0.11 (0.08%)

RGLS

Regulus

$0.72

0.0501 (7.54%)

IBM

IBM

$142.04

-0.94 (-0.66%)

URI

United Rentals

$121.73

1.02 (0.85%)

03/08/13
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03/08/13
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  • 16

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    Oct

  • 27

    Oct

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  • 13

    Nov

NFLX

Netflix

$286.83

2.59 (0.91%)

18:37
10/16/19
10/16
18:37
10/16/19
18:37
Hot Stocks
Netflix says shares viewing data with producers each week »

Says shares viewing data…

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  • 16

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BRBR

BellRing Brands

$0.00

(0.00%)

18:34
10/16/19
10/16
18:34
10/16/19
18:34
Syndicate
BellRing Brands 34.29M share IPO priced at $14.00 »

The deal size was…

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  • 17

    Oct

GSBC

Great Southern Bancorp

$57.28

-0.03 (-0.05%)

18:32
10/16/19
10/16
18:32
10/16/19
18:32
Earnings
Great Southern Bancorp reports Q3 preliminary EPS $1.38, consensus $1.23 »

Reports Q3 NII $45.9M,…

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  • 17

    Oct

CRM

Salesforce

$146.96

-5.89 (-3.85%)

, FB

Facebook

$189.62

0.81 (0.43%)

18:26
10/16/19
10/16
18:26
10/16/19
18:26
Hot Stocks
Salesforce CEO: Steve Jobs had a huge impact on my life »

In an interview on…

CRM

Salesforce

$146.96

-5.89 (-3.85%)

FB

Facebook

$189.62

0.81 (0.43%)

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  • 23

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NFLX

Netflix

$286.83

2.59 (0.91%)

18:19
10/16/19
10/16
18:19
10/16/19
18:19
Hot Stocks
Netflix to test mobile only plans in other markets »

Says will test mobile…

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  • 16

    Oct

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    Oct

MESO

Mesoblast

$6.04

-0.03 (-0.49%)

, LZAGY

Lonza

$0.00

(0.00%)

18:18
10/16/19
10/16
18:18
10/16/19
18:18
Hot Stocks
Mesoblast, Lonza enter into manufacture agreement of remestemcel-L in U.S. »

Mesoblast (MESO) and…

MESO

Mesoblast

$6.04

-0.03 (-0.49%)

LZAGY

Lonza

$0.00

(0.00%)

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NFLX

Netflix

$286.83

2.59 (0.91%)

18:12
10/16/19
10/16
18:12
10/16/19
18:12
Hot Stocks
Neflix says price increase responsible for U.S. shortfall »

Says price increase…

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  • 16

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    Oct

STLD

Steel Dynamics

$28.83

-1.29 (-4.28%)

18:06
10/16/19
10/16
18:06
10/16/19
18:06
Hot Stocks
Steel Dynamics CEO says steel pricing environment 'challenging' »

"Our third quarter…

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  • 17

    Oct

NFLX

Netflix

$286.83

2.59 (0.91%)

18:06
10/16/19
10/16
18:06
10/16/19
18:06
Hot Stocks
Netflix says price increases 'hugely' revenue positive »

Says Q3 was a…

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  • 16

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DLPN

Dolphin Entertainment

$0.79

(0.00%)

18:05
10/16/19
10/16
18:05
10/16/19
18:05
Syndicate
Dolphin Entertainment offers to sell common stock, no amount given »

Maxim Group LLC is acting…

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STLD

Steel Dynamics

$28.83

-1.29 (-4.28%)

18:03
10/16/19
10/16
18:03
10/16/19
18:03
Hot Stocks
Steel Dynamics says 'constructive' on 2020 North American steel market dynamics »

"Based on domestic…

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  • 17

    Oct

STLD

Steel Dynamics

$28.83

-1.29 (-4.28%)

18:01
10/16/19
10/16
18:01
10/16/19
18:01
Earnings
Steel Dynamics reports Q3 EPS 69c, consensus 70c »

Reports Q3 revenue $2.5B,…

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  • 17

    Oct

ISTR

Investar Holding

$23.98

0.08 (0.33%)

18:01
10/16/19
10/16
18:01
10/16/19
18:01
Hot Stocks
Investar Holding gains regulatory, holder approvals for Bank of York acquisition »

Investar Holding…

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  • 13

    Nov

CSX

CSX

$68.99

-0.18 (-0.26%)

17:57
10/16/19
10/16
17:57
10/16/19
17:57
Hot Stocks
CSX reverses in after-hours, trading up over 4% »

Shares of CSX are now up…

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  • 16

    Oct

  • 13

    Nov

EGO

Eldorado Gold

$7.40

0.175 (2.42%)

17:50
10/16/19
10/16
17:50
10/16/19
17:50
Hot Stocks
Eldorado Gold reports Q3 preliminary gold production of 101,596 oz. »

Eldorado Gold reported…

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  • 01

    Nov

BHP

BHP Group

$48.17

-0.51 (-1.05%)

17:38
10/16/19
10/16
17:38
10/16/19
17:38
Hot Stocks
BHP Group backs FY20 iron ore output view of 242-253 MT »

Backs FY20 petroleum…

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  • 18

    Feb

PEGI

Pattern Energy

$26.14

-0.26 (-0.98%)

17:37
10/16/19
10/16
17:37
10/16/19
17:37
Downgrade
Pattern Energy rating change at Goldman Sachs »

Pattern Energy downgraded…

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  • 04

    Dec

BHP

BHP Group

$48.17

-0.51 (-1.05%)

17:35
10/16/19
10/16
17:35
10/16/19
17:35
Hot Stocks
BHP Group reports Q1 iron ore output 61MT, down 1% from last year »

Reports Q1 petroleum…

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  • 18

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